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NUNAVUT NEWS

NUNAVUT NEWS

Circulated in all 25 Nunavut communities.

Tag: Back River

Posted inBusiness, Nunavut News

Sabina delays gold mine by a year due to lack of equity investment

by Nunavut NewsMarch 31, 2019

Instead of opening in 2021, Sabina Gold and Silver’s gold mine will now start operations in late 2022, at the earliest. That’s a decision the company made in February when it couldn’t find a taker to buy equity on terms Sabina deemed satisfactory. It’s an industry-wide dilemma, according to Bruce McLeod, Sabina’s president and CEO. […]

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