Sabre Gold Mines Corp.
SGLDD
Other OTC0.12
USD
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- -
Return %
Stock
S&P500
1Y
- -
26.53
3Y
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76.60
5Y
- -
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Dale Found
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 200 Burrard Street Vancouver BC Canada V6C 3L6
- IPO Date
- Sep 8, 2014
- Website
- sabre.gold
- Similar Companies
- Business
- Sabre Gold Mines Corp. (TSX:SGLD; OTCQB:SGLDF) is a Canada-based mineral exploration and development company focused on advancing the fully permitted, past-producing Copperstone gold mine in La Paz County, Arizona, United States; the company also holds interests in the Brewery Creek gold project in Yukon, Canada, and other exploration assets including royalties and investments in innovative gold recovery technologies such as Group 11 Technologies Inc.. The Copperstone project, Sabre Gold's flagship asset, encompasses approximately 12,258 acres of surface area and mineral rights across 546 federal unpatented mining claims and two Arizona state mineral leases, featuring high-grade gold mineralization along the Copperstone fault within the Walker Lane mineral belt; existing infrastructure includes underground declines over 4,000 meters, a processing plant site with crushing, grinding, and flotation capabilities, power substation, water storage, and assay facilities, supporting a planned whole ore leach restart with measured and indicated resources of 1.2 million tonnes at 7.74 g/t gold (300,000 ounces) and inferred resources of 970,000 tonnes at 6.30 g/t gold (197,000 ounces). Brewery Creek offers measured and indicated resources enhanced through prior updates, while additional assets include a 1% NSR royalty on the Marg Project and stakes in non-invasive gold extraction technologies. Founded in 1984 as Armistice Resources Ltd. and headquartered at 200 Burrard Street, Suite 250, Vancouver, British Columbia, with a registered office in Toronto, Ontario, the company operates primarily in North America, targeting underground gold production restart at Copperstone following historical output of 514,000 ounces from open-pit and heap leach operations (1987-1993) and 16,900 ounces from underground mining (2012-2013). In October 2024, Sabre Gold entered a definitive agreement for acquisition by Minera Alamos Inc. via plan of arrangement, issuing approximately 76.5 million Minera Alamos shares at a 0.693:1 exchange ratio, with Sabre shareholders to own 14% of the combined entity; the transaction, supported by major creditors settling US$9.4 million debt at a 15% discount through 30.5 million Sabre shares, was approved by Sabre shareholders on January 15, 2025, and closed on February 6, 2025, integrating Copperstone into Minera Alamos' portfolio of low-capex North American gold projects and eliminating Sabre's standalone debt while retaining exposure to Santana mine production. Prior developments included the 2021 business combination with Golden Predator Mining Corp. (sold to Victoria Gold in 2023 for $13.5 million), royalty buybacks reducing Copperstone encumbrances to 1.5% GPR plus a Star Royalties stream amended to 4% life-of-mine, and a 2023 PEA outlining 40,000 ounces annual production at AISC of US$1,290/oz over 5.7 years with initial capex of $36.3 million.