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Canadian Firm Receives Final Major License for Gold Project

Source: Streetwise Reports

 

November 26, 2018 (Investorideas.com Newswire) A Cantor Fitzgerald report provided an update on this advanced-stage Nunavut asset.


In a Nov. 16 research note, Cantor Fitzgerald analyst Matthew O'Keefe reported that in a further derisking event, Sabina Gold & Silver Corp. (SBB:TSX; RXC:FSE; SGSVF:OTCPK) received the final license it needs—a type A water license—for construction and operation at its Back River gold project in Nunavut.

O'Keefe highlighted the Nunavut project's positive attributes. One is its high gold grades, which should average 6.3 grams per ton, he noted. Back River should produce about 250,000 ounces (250 Koz) annually for first eight years and 198 Koz gold annually over an initial 12-year mine life, with "low" all-in sustaining costs of US$650 per ounce.

A second positive is exploration upside. Efforts in this regard continue to yield gold discoveries and mineralization downplunge at Llama, which should "add additional gold resources and extend Back River's mine life," O'Keefe pointed out.

Third, the project is both a compelling investment and a takeover target, as it has strong economics, is now fully permitted, is located in a safe jurisdiction and offers exploration upside potential, wrote O'Keefe.

Upcoming catalysts that could move the share price are the announcement of additional exploration results and achievement of various construction and financing goals.

Cantor Fitzgerald has a Buy recommendation and a CA$3.40 per share target price on Sabina, whose stock is currently trading at ~CA$1.47 per share.

Disclosure:

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Disclosures from Cantor Fitzgerald, Sabina Gold And Silver Corp., Company Update, November 16, 2018

Potential conflicts of interest: The author of this report is compensated based in part on the overall revenues of Cantor, a portion of which are generated by investment banking activities. Cantor may have had, or seek to have, an investment banking relationship with companies mentioned in this report. Cantor and/or its officers, directors and employees may from time to time acquire, hold or sell securities mentioned herein as principal or agent. Although Cantor makes every effort possible to avoid conflicts of interest, readers should assume that a conflict might exist, and therefore not rely solely on this report when evaluating whether or not to buy or sell the securities of subject companies.

Disclosures as of November 16, 2018

Cantor has not provided investment banking services or received investment banking related compensation from Sabina Gold and Silver Corp. within the past 12 months.

The analysts responsible for this research report do not have, either directly or indirectly, a long or short position in the shares or options of Sabina Gold and Silver Corp.

The analyst responsible for this report has visited the material operations of Sabina Gold and Silver Corp. No payment or reimbursement was received for related travel costs.

Analyst Certification

The research analyst whose name appears on this report hereby certifies that the opinions and recommendations expressed herein accurately reflect his personal views about the securities, issuers or industries discussed herein.


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