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Sabre Gold Mines Corp. (T:SGLD)

Business Focus: Gold Mining

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Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for SGLD within the last 6 months
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Company News

Jan 09, 2024 07:30 ET
Sabre Gold Restructures Marg Property Agreement
Vancouver, British Columbia--(Newsfile Corp. - January 9, 2024) - Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) ("Sabre Gold" or the "Company") is pleased to announce that it has updated the terms of the Property Purchase Agreement of the Marg VMS project ("Marg Project") located in Central Yukon ("Restructuring") with Azarga Metals ("Azarga"). The Company and Azarga are parties to an asset purchase agreement (the "APA") closed on November 8, 2021, in respect of the Marg Project, on terms announced November 9, 2021. The Company and Azarga have agreed to amend the APA to an option to purchase agreement whereby if Azarga does not complete the option maintenance payments and exercise the option to purchase the Marg Project (see below), the option to purchase will expire and the title to the Marg Property will be transferred to the Company by Azarga Metals.
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Nov 02, 2023 07:15 ET
Sabre Gold Finalizes Debt and Stream Restructuring
Vancouver, British Columbia--(Newsfile Corp. - November 2, 2023) - Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) ("Sabre Gold" or the "Company") is pleased to announce that it has finalized the restructuring of the Company's current debt obligations and the gold stream over the Copperstone Mine with its secured creditors (the "Restructuring"). The terms of the Restructuring were the same as announced in the Company's press release of October 3, 2023 (link here). The terms include: (i) partial early repayment of its debt obligations in return for the forgiveness of $3 million in accrued interest, (ii) amending the gold entitlement percentage under the gold stream in return for initial and deferred payments and shares in the Company, and, (iii) agreement to repurchase the 1.5% gross production royalty on the Copperstone Mine within 12 months for consideration of US$1,250,000.
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Valuation Ratios

Industry
Sector
Beta
0.97
--
--
Price to Sales - TTM
--
3.74
4.48
Price to Book - most recent quarter
0.49
2.10
1.97
Price to Cash Flow per share - TTM
1.71
10.40
9.54
Price to Free Cash Flow per share - TTM
--
26.23
19.74
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Mar 31, 2024102,941-34,705
Mar 15, 2024137,646121,760
Feb 29, 202415,88614,893
See Short Report

Business Summary

Sector:  Basic Materials Industry:  Gold

Sabre Gold Mines Corp. is a Canada-based gold producer in North America. The principal business activities of the Company are focused on exploring and developing the Copperstone Mine (Copperstone) in La Paz County, Arizona, United States. The Company has a 100% leasehold interest in the exploration and development stage Copperstone Project, which encompasses approximately 12,258 acres of surface area and mineral rights in La Paz County, Arizona, within a 50 square kilometer land package. It controls over 546 federal unpatented mining claims and two Arizona state mineral leases which together comprise the Copperstone Project area. The federal claims cover approximately 10,920 acres. It also holds other investments and projects at various stages of development.

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