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Arizona mine in the winter, and Dawson mine in the summer
Star Royalties Highlights Preliminary Economic Assessment
"... Star Royalties Highlights Preliminary Economic Assessment at Sabre Gold’s Copperstone Gold Mine..."
".... Star Royalties Ltd. ("Star Royalties", or the "Company") (TSXV:STRR)(OTCQX:STRFF) is pleased to highlight the results of a Preliminary Economic Assessment ("PEA") on the Copperstone Gold Mine, announced by Sabre Gold Mines Corp. ("Sabre Gold") (TSX:SGLD, OTCQB:SGLDF) on June 20, 2023.
All amounts are in U.S. dollars, unless otherwise indicated.
PEA Highlights
Robust post-tax economics result in a base case ($1,800/oz gold) after-tax IRR of 50.3%, low initial capital of $36 million and benefit from significant tax assets as well as recently reduced royalty encumbrance.
PEA supports a high-grade gold underground mining operation with an average annual production of 40,765 ounces gold over a 5.5-year mine life with an all-in sustaining cost of $1,290/oz gold.
Sabre Gold will continue to have discussions with potential providers of initial construction capital while earthworks are expected to commence as soon as a formal construction decision is made.
PEA mine plan prioritizes high-grade portions of the resource in early years to result in a payback period of less than two years, while generating nearly $90 million in after-tax cumulative undiscounted cash flow...."
https://www.accesswire.com/764517/Star-Royalties-Highlights-Preliminary-Economic-Assessment-at-Sabre-Golds-Copperstone-Gold-Mine
If only Sprott might provide... ?
https://www.kitco.com/news/2023-06-29/Gold-silver-see-mild-price-pressure-amid-bearish-technicals.html
https://financialpost.com/globe-newswire/talisker-announces-closing-of-the-initial-draw-on-the-us31250000-financing-with-sprott-streaming-for-the-bralorne-gold-project
https://www.mining.com/sprott-backs-seabridge-with-150-million-ksm-smelter-royalty/
https://www.capitalcorpmerchantbanking.com/?gclid=EAIaIQobChMI56PMjoTp_wIViJ-GCh0aJANeEAMYASAAEgJlSvD_BwE
https://www.blackrock.com/
https://www.mackenzieinvestments.com/
"...SABRE GOLD ANNOUNCES PRELIMINARY ECONOMIC ASSESSMENT FOR THE COPPERSTONE MINE
June 20, 2023
Vancouver, June 20, 2023 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) is pleased to announce it has completed a Preliminary Economic Assessment (“PEA”) on the 100% owned Copperstone Mine (“Copperstone” or “Project”) in Arizona, USA. The study has resulted in robust post-tax economics which, due to pre-existing infrastructure on surface and underground, result in both low initial capital and an overall low capital intensity ratio on a per ounce basis. The project benefits from its significant tax assets and recently reduced royalty encumbrance while also having potential for resource expansion and further exploration success.
The Preliminary Economic Assessment supports a high-grade gold underground mining operation at Copperstone producing an average of 40,765 payable oz gold per year for just over a 5-and-a-half-year mine life. Sabre Gold management worked with Hard Rock Consulting, LLC (“HRC”) to complete the PEA, which included comprehensive reviews of the construction, operations and costs, to provide confidence for potential project commencement and completion within budget and schedule. Trade off studies will continue on initial capital items and initial earthworks will commence as soon as the Company moves towards a formal construction decision. The Company will also continue to have discussions with potential providers of initial construction capital.
In accordance with National Instrument 43-101, the Company has engaged HRC to complete a technical report in support of the PEA, which will be filed on SEDAR within 45 days of this news release. The Company notes that mineral resources are not mineral reserves as they do not have demonstrated economic viability. The Company notes that a preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have economic consideration applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.
The PEA base case assumes a gold price of $1,800 per oz and the PEA also presents project sensitivities using a range of spot gold prices between $1,600 to $2,000 per oz. All currency references herein are in US$.
Highlights from the Preliminary Economic Assessment
Consistent Production – Models an underground mine operation that will process 198,000 tonnes of ore at 544 tonnes per day (“tpd”) over the 5.6-year mine life (“LOM”).
Excellent Payback Period – The mine plan sequences the high-grade portions of the resource in early years to optimize grade and cash flow resulting in a payback period of less than 2 years and generating nearly $90m in after-tax cumulative undiscounted cash flow.
Low Initial Capital – Significant site infrastructure, such as pre-existing tailings and processing facilities, surface buildings and rehabilitated underground development allow for reduced upfront construction cost and low initial capital per payable gold ounce produced over the LOM.
Fully Licensed and Permitted – Permits are in place for initial construction and subsequent operation of the project as well as the necessary water and surface rights. Minor modifications required for the revised mine plan and flow sheet as a result of the PEA will be addressed as required in the coming months by the Company...."
https://www.sabre.gold/sabre-gold-announces-preliminary-economic-assessment/
BRAVO!
https://www.benzinga.com/pressreleases/23/06/32919152/sabre-gold-announces-preliminary-economic-assessment-for-the-copperstone-mine
https://www.cnbc.com/2023/06/20/gold-listless-as-investors-hunt-for-fed-rate-clues.html
So the situation is .........20 cents verses 2600 dollars a ounce of gold /Canadian verses a share of stock
things are heating up in the land of the midnight Sun
the Klondike and parts of the Alaska Highway, even to the Glacier areas
Eric Sprott, Sabre Gold Mines needs mORE financial support NOW!
We know that Eric Sprott has been very supportive of Sabre Gold Mines via PDAC etc... and to get the Copperstone High-Grade Gold Mine into production mORE money is needed so... Any form of support now would or will be greatly appreciated! https://www.sabre.gold/
"... “Strong buying from China’s ‘official sector’ (possibly any combination of the People’s Bank of China, central bank-related entities or state banks) peaked in late January — just before the Lunar New Year — and has not resumed, but there is no indication of selling,” noted Sprott market strategist Paul Wong in a blog post. “Some profit-taking was observed from Shanghai trading desks but paled in size compared to demand from the official sector. We may see buying from other central banks, but that data will not be available for a few months.”
As mentioned, central banks have been buying gold in record amounts. The blog mentioned that central banks purchased 417 tons in the fourth quarter of 2022, while data for the third quarter was revised higher to 445 tons from 399 tons — in the blog, Wong mentioned that the average quarterly purchase since 2013 was 128 tons, so 2022’s Q3 and Q4 figures were over three times that average.
The blog also noted that the primary reasons for central bank buying was the “need to diversify reserves due to sanctions risk, the poor performance of sovereign bonds in the face of high inflation, a desire for outside money and the de-dollarization process.” Furthermore, gold in and of itself provides an ideal inflation hedge, particularly in times like now where the Fed acknowledges that inflation could stick around for some time.
“Gold helps to diversify portfolios and reduce exposure to currency and market risks,” the blog added further. “Gold is also a symbol of monetary stability, value and credibility to the public and other central banks. Holding gold as a reserve remains a widely accepted practice among central banks worldwide.”..."
https://www.sprottmoney.com/
https://www.sabre.gold/
https://www.etftrends.com/gold-silver-investing-channel/gold-retreated-in-february-but-central-banks-bought-more/
Top lenders Bank of Montreal and Bank of Nova Scotia pointed to economic pain
