09:52 AM EST - Sabina Gold & Silver Corp. : announced that the Company has received the results of the Preliminary Economic Assessment ("PEA") for its 100%-owned Back River gold project in Nunavut. The PEA was prepared by SRK Consulting (Canada) Inc. The Project generates a post-tax NPV-5% of $650 million and an IRR of 25%. The Project generates life-of-mine after-tax net cash flow of $1.1 billion on gross revenues of $4.6 billion with a payback period of three years. Processing rate of 5,000 tpd produces an average of ~300,000 oz Au per year from open pit and underground extraction. Sabina Gold & Silver Corp.
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