Sabre Gold Mines Corp.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Andrew L. Elinesky CGA, FCCA
- Full Time Employees
- 7
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 200 Burrard Street Vancouver BC Canada V6C 3L6
- IPO Date
- Sep 8, 2014
- CIK
- 0001318482
- 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; the project encompasses approximately 3,700 hectares of surface area and mineral rights, including 546 federal unpatented mining claims under long-term lease agreements, with significant underground infrastructure, a 450 tpd flotation mill, tailings facilities, and over 4,000 meters of developed drifts; prior production totaled 514,000 ounces of gold from 1987 to 1993 via open pit mining and heap leaching, followed by underground operations from 2012 to 2013. The company holds measured and indicated resources of 300,000 ounces at 7.74 g/t gold and inferred resources of 197,000 ounces at 6.30 g/t, supporting a 2023 preliminary economic assessment outlining initial annual production of 40,000 ounces over 5.7 years at all-in sustaining costs of US$1,290 per ounce; additional exploration targets exist for resource expansion along strike, down-dip, and in parallel zones. Founded in 1984 and headquartered in Vancouver, British Columbia, Sabre Gold operates primarily in the United States with the Copperstone project as its flagship asset, supported by a team experienced in exploration, mine development, and operations. In October 2024, Sabre Gold entered a definitive agreement for acquisition by Minera Alamos Inc., anticipated to close in early 2025 following shareholder approval at a special meeting in January 2025, debt settlements eliminating US$9.4 million in obligations at a 15% discount via share issuance, and amendments to its gold stream with Star Royalties; recent actions include repurchasing a 1.5% net smelter returns royalty on Copperstone in November 2024 and selling the Brewery Creek project in Yukon, Canada, for $13.5 million in September 2023.
Star Royalties Highlights Completion of Acquisition of Sabre Gold by Minera Alamos
Sabre Gold Announces Update on Closing of the Transaction with Minera Alamos
Sabre Gold Shareholders Approve Acquisition by Minera Alamos
Sabre Gold Announces Special Meeting of Shareholders and Access to Meeting Materials Due to Canadian Postal Strike
Sabre Gold Announces Increase in Shareholding in Azarga Metals
Sabre Gold Completes the Repurchase of Royalty on the Copperstone Gold Project
Minera Alamos Announces Acquisition of Sabre Gold
Sabre Gold Advises of Victoria Gold Receivership
Sabre Gold Announces Results of 2024 Annual General Meeting of Shareholders
Star Royalties Reports Audited Financial Results for 2023
Sabre Gold Restructures Marg Property Agreement
Sabre Gold Finalizes Debt and Stream Restructuring
Star Royalties Closes Restructuring of Copperstone Stream
Sabre Gold Announces Exercise of Option on SER Property
Sabre Gold Announces Debt and Stream Restructuring
Star Royalties Announces Copperstone Stream Restructuring and Improved Project Economics
Sabre Gold Sells Brewery Creek Project for $13.5 Million
Sabre Gold Files Preliminary Economic Assessment Technical Report for the Copperstone Mine