SGSVF - Sabina Gold & Silver: Higher Gold Prices Increase Likelihood Of Back River Development
- Sabina Gold & Silver is one of the better-performing junior miners this year, up 46% vs. the 39% return for the Gold Juniors Index.
- The company owns one of the largest gold deposits in a Tier-1 jurisdiction, and while the initial capex is high, the increasing gold price is making development more likely.
- Currently, Sabina trades in line with the average price paid per ounce for Tier-1 gold explorers, but Back River's resource and grades dwarf the average gold projected acquired since 2016.
- I see Sabina Gold & Silver as one of the more attractive gold juniors worldwide, and I would view any pullbacks below US$1.80 as low-risk buying opportunities.
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Sabina Gold & Silver: Higher Gold Prices Increase Likelihood Of Back River Development