Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

"... Reasons for Decision: Financial Security Determination for the Brewery Creek Site Quartz Mining License A99-01

The Government of Yukon has concluded its assessment of the closure-related risks and liabilities at the Brewery Creek Mine site (the "Site") and finalized determination of financial security required. The Government of Yukon has determined that $1,668,500 in security, inclusive of the $1,000,000 currently held by Government of Yukon, is required to be furnished. This document presents the process and rationale for the security determination.

https://emr-ftp.gov.yk.ca/emrweb/COMM/major-mines/brewery-creek/mml-brewery-creek-financial-security-determination-reasons.pdf

In my humble opinion, this seems excessive when Sabre Gold Mines Corp. has not started commercial gold production. How quickly do these extravagant funds need to be provided to the Yukon government? Does the Yukon government want Sabre Gold Mines Corp. to go into bankruptcy? If not Sabre Gold should be allowed to pay these lavish funds over several years and not within probably 90 days...

"... Former Yukon mine engineer's lawsuit over Brewery Creek project dismissed..."

https://www.cbc.ca/news/canada/north/christman-brewery-creek-lawsuit-dismissed-1.6237456

"... A lawsuit filed by the Yukon government's former chief mine engineer over Golden Predator's Dawson-area Brewery Creek project has been dismissed.

Paul Christman had filed a statement of claim against Yukon's Department of Energy, Mines and Resources in April, alleging he was professionally punished after raising concerns about the project.

The case never made it to trial.

The lawsuit was dismissed with the consent of all parties via a court order on Nov. 1.

Golden Predator and its CEO, Janet Lee-Sheriff, had filed their own lawsuit in British Columbia court shortly after Christman filed his, accusing him of defaming the company and Lee-Sheriff at the 2019 Vancouver Resource Investment Conference. The Yukon government was also listed as a defendant.

The file is still active, but no statements of defence had been filed as of Nov. 4. ..."

https://www.miningnewsnorth.com/story/2021/04/30/northern-neighbors/trondk-hwchin-supports-brewery-creek/6796.html