Source: Sabina Gold & Silver Corp.
  • Sabina Gold & Silver Corp. (SBB) has finalized the lump sum contract with a northern constructor
  • The contract involves the construction of the process plant and ancillary buildings at its Goose Mine on its 100-per-cent-owned Back River Gold District in Nunavut
  • CGT has provided Sabina with a fixed priced contract of C$139 million for materials and labour to construct the process plant
  • Sabina Gold & Silver Corp. is an emerging gold mining company that owns 100 per cent of the district scale, advanced, high grade Back River Gold District in Nunavut
  • Sabina Gold & Silver Corp. was up 1.119 per cent, trading at $1.355 at 1:31 PM ET

Sabina Gold & Silver Corp. (SBB) has finalized the lump sum contract with a northern constructor.

The contract involves the construction of the process plant and ancillary buildings at its Goose Mine on its 100-per-cent-owned Back River Gold District in Nunavut, Canada.

The Goose Mine is the company’s first mine on the 80-km-long Back River Gold District, a multi-generational mining district with a demonstrated high-grade world-class gold endowment.

CGT Industrial (CGT) consists of Clark Builders, Gisborne Industrial Construction Ltd. and PTW Energy Services, leaders in their respective fields of construction including concrete, buildings, mechanical and electrical services.

Collaborating as a single entity, CGT provides clients with a wide selection of services and the convenience and efficiency of working with a single, expert organization.

CGT has provided Sabina with a fixed priced contract of C$139 million for materials and labour to construct the process plant. This involves crushing circuit, grinding circuit, CIL circuit, pre-leach and tails thickener with tails pumping, gold room, E-houses, control room, O2 plant, fresh water, truck shop, and fire water systems.

The contract includes an agreed rise and fall mechanism and other mechanisms to adjust for changes in bid quantities due to design growth and scope changes.

“We are happy to finalize the terms of our agreement with CGT,” said Bruce McLeod, President & CEO.

“CGT brings its considerable experience in construction, particularly in the North, to our project,” he added.

Sabina Gold & Silver Corp. is an emerging gold mining company that owns 100 per cent of the district scale, advanced, high grade Back River Gold District in Nunavut.

Sabina Gold & Silver Corp. was up 1.119 per cent, trading at $1.355 at 1:31 PM ET.


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