Sabina Gold & Silver Announces Financial Results for the Quarter Ended September 30, 2017 - Seite 2

For the three months ended September 30, 2017, the Company reported a net loss of $0.5 million or $0.00 per share, in comparison to a net loss of $3.7 million or $0.02 per share in the corresponding period of 2016.  The difference quarter over quarter was primarily the result of a write-down ($5.2 million) on the Wishbone properties in 2016 and higher finance income in Q3 2017 ($0.7 million) on amortization of flow-through premium associated with the flow-through financing completed in 2017.  Partially offsetting were higher operating and deferred income tax expenses in Q3 2017 than the comparable period.  Q3 2017 operating expenses were $0.5 million higher than the comparable period due to: the higher professional services fees of $0.3 million related to Back River project financing; higher travel expenses of $0.1 million for marketing activities; and, higher stock based compensation resulting from more stock options granted in Q3 2017 than the comparable period. 

For the nine months ended September 30, 2017, the Company reported a net loss of $2.5 million, favourable by $1.6 million compared to the same period of 2016. As noted above, the decrease in loss period over period was mainly due to the result of a write-down of the Wishbone properties and higher operating and deferred income tax expense in 2017 compared to 2016.  Partially offsetting was a higher net gain ($0.6 million) realized on the sale of Pure Gold shares in 2016 compared to 2017. 

For the full September 30, 2017 interim financial statements and Management's Discussion and Analysis, please see the Company website at www.sabinagoldsilver.com or on SEDAR.

SABINA GOLD & SILVER CORP

Sabina Gold & Silver Corp

Sabina Gold & Silver Corp. is a well-financed, emerging precious metals company with district scale, world class undeveloped assets in one of the world's newest, politically stable mining jurisdictions: Nunavut, Canada.

In September, 2015, Sabina released a Feasibility Study on its 100% owned Back River Gold Project which presents a project that has been designed on a fit-for purpose basis, with the potential to produce ~200,000 ounces a year for ~11 years with a rapid payback of 2.9 years.  At a US$1,150 gold price and a 0.80 exchange rate, the Study delivers a potential after tax internal rate of return of approximately 24.2% with an initial CAPEX of $415 million.