Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

Sabre Gold Mines CEO Giulio Bonifacio talks to GSN about Yukon Cash Costs, Heap Leach Extraction and SGLD Insider Buying..."


https://www.thenewswire.com/press-releases/1Be9FOxEq-sabre-gold-mines-ceo-giulio-bonifacio-talks-to-gsn-about-yukon-cash-costs-heap-leach-extraction-and-sgld-insider-buying.html


"... February 4, 2022 – TheNewswire - Sabre Gold Mines’ (TSX:SGLD) (OTC:SGLDF) CEO Giulio Bonifacio recently spoke with Global Stocks News about the Preliminary Economic Assessment (PEA) for the former Yukon gold mine Brewery Creek, targeted for a near-term re-start.

Gold prices are currently hovering around USD $1,800 an ounce, with the Bitcoin crowd declaring the yellow metal is a ‘horse and buggy’, and Goldman Sachs calling for $2,000/ounce gold in the short term.

In the west, we view gold as a hedge against currency debasement, but in the east it has a cultural and historical context.

“India is one of the largest markets for gold, and growing affluence is driving growth in demand,” stated the World Gold Council, “Gold has a central role in the country’s culture, considered a store of value, a symbol of wealth and status and a fundamental part of many rituals.”

As Bonifacio explains in the GSN interview, a $200/ounce rise in the price of gold, radically changes the economics of the Brewery Creek Mine.