Currently viewing Global edition

Sabina makes progress at Back River

Vancouver-based Sabina Gold & Silver has put out a feasibility study for its Back River project in Nunavut, Canada, which envisages building a C$695 million (US$570 million) mine producing 346,000ozpa of gold.

Based on a gold price of US$1,200/oz, the project could generate a post-tax internal rate of return of 21.7% and a net present value (5% discount) of $539 million, according to Sabina.