Sabina Gold & Silver Corp. announced that it has drawn USD 31.25 million on its USD 125 million gold stream facility with Wheaton Precious Metals. The proceeds of the stream will be used to continue development and construction of the Company's Goose Mine at its 100% owned Back River Gold District in Nunavut, Canada.

Sabina Gold & Silver Corp. is an emerging gold mining company that owns 100% of the district scale, advanced, high grade Back River Gold District in Nunavut, Canada. Sabina filed an Updated Feasibility Study (the “UFS”) on its first mine on the district, the Goose Mine, which presents a project that will produce ~223,000 ounces of gold a year (first five years average of 287,000 ounces a year with peak production of 312,000 ounces in year three) for ~15 years with a rapid payback of 2.3 years, with a post-tax IRR of ~28% and NPV5% of CAD 1.1 billion at a gold price of $1,600.

The Project has received all major permits and authorizations for construction and operations. The Company has arranged a comprehensive project financing package comprised of: A USD 425 million senior secured debt facility, gold prepay and stream package with Orion Mine Finance and Wheaton Precious Metals Corp.; and USD 221 million in equity including Zhaojin's participation.