Sabina Gold & Silver Corp. announced the results of the Updated Feasibility Study for the Goose Property at its 100%-owned Back River Gold District in Nunavut, Canada. The company have also continued to demonstrate the robust tenor of the mineralization at Goose by adding 1 million ounces of gold to the mineral reserves as well as significantly increase the total mineral resource estimate. With a million new inferred resources at Llama extension and Nuvuyak at a historic conversion rate of 73% to reserves, and with and all deposits open, they believe they will be mining at Goose long past the 15 year mine life in this study. The Company initiated the UFS following the completion of five years of exploration success in adding to the already significant resources within the Goose Property. The Study indicates the Project generates a post-tax internal rate of return of 27.7% and net present value, of USD 860 million with a rapid pay back of 2.3 years. Using USD 1,800 and a 1.26 exchange rate, the IRR would be 31.3% and NPV would be USD 1.1 billion. The UFS is based on an initial processing rate of 3,000 tonnes per day, with an expansion to 4,000 tpd at the end of year two. The mine plan envisions average gold production of ~287 koz Au per year for the first 5 years, and ~223 koz Au per year over the 15 year mine life.