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Bullboard - Stock Discussion Forum Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s):  SGLDF

Sabre Gold Mines Corp. is a Canada-based gold producer in North America. The principal business activities of the Company are focused on exploring and developing the Copperstone Mine (Copperstone) in La Paz County, Arizona, United States. The Company has a 100% leasehold interest in the exploration and development stage Copperstone Project, which encompasses approximately 12,258 acres of... see more

TSX:SGLD - Post Discussion

Sabre Gold Mines Corp > WHEATON PRECIOUS METALS & Sabre Gold Mines are πŸ‡¨πŸ‡¦πŸ‡ΊπŸ‡Έ
View:
Post by GoldenPolarBear on Jun 02, 2022 11:53pm

WHEATON PRECIOUS METALS & Sabre Gold Mines are πŸ‡¨πŸ‡¦πŸ‡ΊπŸ‡Έ

"...ATTRIBUTABLE RESERVES & RESOURCES

Mineral Resources for the Brewery Creek project are reported as of January 18, 2022.
End notes page 53

https://s21.q4cdn.com/266470217/files/doc_presentations/2022/05/22-5-5-May-Corporate-Presentation.pdf

"
... ATTRIBUTABLE RESERVES & RESOURCES

9. Mineral Resources are estimated using appropriate recovery rates and the following commodity prices:
a. Aljustrel mine – 3.5% zinc cut-off for Feitais, Moinho and St Joo mines and 3.0% zinc cut-off for the Estao project.
b. Antamina mine - $3.30 per pound copper, $1.18 per pound zinc, $11.11 per pound molybdenum and $25.14 per ounce silver.
c. Blackwater project – 0.2 grams per tonne gold equivalent cut-off assuming $1,400 per ounce gold and $15.00 per ounce silver.
d. Brewery Creek project – 0.37 grams per tonne gold cut-off assuming $1,500 per ounce gold...."
Endnotes page 56

"... 
ATTRIBUTABLE RESERVES & RESOURCES
ENDNOTES on page 59
22. The Rosemont mine Mineral Resources and Mineral Reserves do not include the Oxide material from Rosemont or the Leach material from Copper World.
 
23. The Voisey’s Bay cobalt PMPA provides that effective January 1, 2021, Vale will deliver 42.4% of the cobalt production until 31 million pounds are delivered to the Company and 21.2% of cobalt production
 
thereafter, for the life of the mine. Attributable reserves and resources have been calculated on the 42.4% / 21.2% basis.
 
24. The Company’s PMPA with Panoro is an Early Deposit agreement, whereby the Company will be entitled to purchase 100% of the silver production and 25% of the gold production from the Cotabambas project until 90 million silver equivalent ounces have been delivered, at which point the stream will drop to 66.67% of silver production and 16.67% of gold production for the life of mine.
 
25. The Company’s PMPA with Golden Predator Exploration Ltd., a subsidiary of Sabre Gold Mines Corp., is a royalty, whereby the Company will be entitled to a 2.0% net smelter return royalty for the first 600,000 ounces of gold produced, above which the NSR will increase to 2.75%. Sabre has the right to repurchase 0.625% of the increased NSR by paying the Company Cdn$2.0M. Attributable resources have been calculated on the 2.0% / 2.75% basis.

Wheaton Precious Metals thank you for providing this pertinent uplifting information... regarding Sabre Gold Mines,
Brewery Creek etc....

"... 
Wheaton Precious Metals Corp. is a Canadian multinational precious metals streaming company. It produces over 26 million ounces and sells over 29 million ounces of silver mined by other companies (including Barrick Gold and Goldcorp) as a by-product of their main operations...."

https://www.wheatonpm.com/Company/company-profile/default.aspx
Comment by StrikeGold on Jun 03, 2022 1:39pm
Would be interesting to know what Wheaton paid for the Brewery Creek royalty
Comment by satchmo6 on Jun 03, 2022 3:42pm
zero----Nobody wants a penny stock mining venture anymore
Comment by StrikeGold on Jun 03, 2022 4:16pm
The buy in was likley years ago - info likely exists somewhere on the web.   Wheaton operates by buying up royalties from production, from mostly juniors near production.  They maintain of pipeline of properties; the earlier in the pipeline the more risk of course, but the buy in is cheaper.   Theirs has been a very successful busines model in the past.