On Sep. 14, Sabina Gold & Silver announced results of a feasibility study on their 100-per-cent owned Back River gold project in Nunavut. This study focused on a 3,000 tonnes per day scenario (an earlier study was focused on 6,000 tonnes per day) and estimates a post-tax internal rate of return of 24.2 per cent and production averaging 198,000 ounces of gold per year over an 11.8-year mine life. Following the news, between Sep. 17 and 18, CEO Donald McLeod bought 65,000 shares at an average price of $0.36.
Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.