Found some fluff for SGLD
o
After-tax NPV at 5% of $112 million at an Internal Rate of Return (?IRR?) of 27.6% at $1,700
per ounce gold increasing to $157 million at an IRR of 35.7% at $1,900 per ounce gold;
o
After-tax average annual cash flow of $36 million at $1,700 per ounce gold increasing to $44
million at $1,900 per ounce gold
o
Average Annual Production of 60,000 ounces per year for a total 473,000 ounces gold over an
initial 8-year mine life;
o
Total cash cost of $850 per ounce and all-in sustaining cost (?AISC?) US$966 per ounce gold;
o
Pre-production capital costs of $105 million with life of mine sustaining costs of $18 million;
o
Payback period of 2.6 years at $1,700 per ounce gold;
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Excellent expansion potential to extend mine life and annual production with three open
prospective resource areas and several targets within a 182 square kilometers project boundary;
and,
o
Lower technical and execution risk as a past brownfields producer with existing infrastructure
and road access from previous mining operation.
·
On June 14, 2022 the Company submitted a Pre-submission Project Description for the Brewery Creek
Mine Project to the Yukon Environmental and Soci-economic Assessment Board (YESAB).
·
On October 24, 2022 Mr. Giulio Bonifacio resigned as President and CEO of the Company and was
succeeded by Mr. Andrew Elinesky.
·
On November 9, 2022 the Company implemented the 1:10 share consolidation previously approved by
shareholders on December 17, 2021.
·
The Company effected a private sale of 14,500,000 shares of C2C Gold Corp. for net proceeds of
Cdn$800,000 to a Director and Shareholder of the Company
·
On December 13, 2022, the Company announced a non-brokered private placement of units for
aggregate gross proceeds of a minimum of $680,000 and up to maximum of $1.5 million at a price of
C$0.17 per Unit. Each Unit will consist of one common share in the capital of the Company and one-
half of one common share purchase warrant. Each Warrant shall entitle the holder to acquire an
additional common share at a price of $0.30 for a period of 24 months following the closing of the
Offering.
·
On December 22, 2022, the Company received the Draft Project Proposal Guideline on the Brewery
Creek Mine Project from YESAB.
Subsequent to the Financial Year ended December 31, 2022
·
The Company closed the non-brokered private placement for gross proceeds of $708,260 consisting of
the sale of 4,166,238 units of the Company at a price of $0.17 per unit. Each unit consists of one
common share and one-half of one Common Share purchase warrant. Each Warrant shall entitle the
holder to acquire an additional Common Share at a price of $0.30 for a period of 24 months.
·
