Sabina Gold & Silver Corp. Appoints Matthew Pickard as Vice-President, Environment & Sustainability; Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
The company reported earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported a net loss of $4.1 million compared to $4.6 million a year ago. Exploration and evaluation expenditures totaled $25.8 million compared to $26 million a year ago. The increased expenditures on the Back River Project were primarily associated with environmental and economic evaluation studies, and increased drilling including a significant component of geo-technical and geo-mechanical drilling.
For nine months, the company reported net loss of $9.3 million compared to $9.1 million a year ago. Exploration and evaluation expenditures totaled $66.1 million compared to $58.8 million a year ago.