Back River Gold Project

Back River is Sabina’s flagship project.The project is advanced, large, district scale, fully permitted with social license in hand and is in Nunavut, Canada: one of the world’s best mining jurisdictions.At US$1150 gold (2015 Feasibility Study) the Project delivers a 24.2% IRR: at 6g/t, these are the highest grade undeveloped open pits in the world.Pre-development construction has begun with the Project’s Port Facility and Winter Ice Road being completed.The Project has been through the debt process and reviewed by the lender’s independent engineer and it is currently undergoing detail engineering.