Sabre Gold Mines Corp - Mining Stock Analysis & Updates
Latest News and Market Performance for Sabre Gold Mines Corp
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Sabre Gold Announces Update on Closing of the Transaction with Minera Alamos
Sabre Gold Mines Corp. is set to finalize its acquisition by Minera Alamos, with a share exchange rate of 0.693. A delay has pushed the closing date to approximately February 5, 2025, following the receipt of a Final Order from the Ontario Superior Court.
Sabre Gold Shareholders Approve Acquisition by Minera Alamos
Sabre Gold Mines Corp. announced that shareholders approved a plan for Minera Alamos Inc. to acquire all Sabre shares at an exchange rate of 0.693 shares per common share. Additionally, they approved a debt settlement involving the issuance of shares to creditors.
Sabre Gold Announces Special Meeting of Shareholders and Access to Meeting Materials Due to Canadian Postal Strike
Sabre Gold Mines Corp. will hold a special shareholder meeting on January 14, 2025, to approve Minera Alamos Inc.'s acquisition of the company. Shareholders can vote in advance and access meeting materials online due to potential postal delays.
Sabre Gold Announces Increase in Shareholding in Azarga Metals
Sabre Gold Mines Corp. announced the issuance of 670,000 shares from Azarga Metals Corp. as part of an Option to Purchase Agreement for the Marg VMS project in Yukon. This increases Sabre's ownership in Azarga to about 10.04%. If Azarga fails to fulfill payment obligations, the option will expire, returning property rights to Sabre. The company plans to restart production at its Copperstone gold mine in Arizona, which has significant gold reserves.
Sabre Gold Completes the Repurchase of Royalty on the Copperstone Gold Project
Sabre Gold Mines Corp. has completed its announced repurchase of the 1.5% net smelter returns royalty on the Copperstone Gold project from Trans Oceanic Minerals Company Ltd. for $1.25 million USD. The purchase price was satisfied by transferring a 0.5% royalty on the 3 Aces project, owned by Seabridge Gold Inc., to Trans Oceanic. The deal eases an economic burden on Copperstone, potentially increasing its financial viability, and allows Sabre Gold to optimize its assets while focusing on shareholder value.
Minera Alamos Announces Acquisition of Sabre Gold
Minera Alamos Inc. and Sabre Gold Mines Corp. have agreed on a deal, signed on October 27th, 2024, in which Minera Alamos will acquire all shares of Sabre Gold. This acquisition will enhance Minera Alamos' position as a growth-oriented gold producer and add an additional 150koz of annual gold production. The deal includes the acquisition of the past-producing Copperstone Mine, which has significant infrastructure and resources for a near-term restart. The transaction is supported by Sabre Creditors, which will eliminate about $9.4 million of existing debt at a 15% discount.
