Sabina Gold & Silver Announces Anna Stylianides Appointed to Board of Directors
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 31, 2016) - Today Sabina Gold & Silver Corp. ("Sabina") or (the "Company") (TSX:SBB) announced the appointment of Ms. Anna Stylianides to the Board of Directors.
"We are very pleased to welcome Anna Stylianides to the Company's Board of Directors," said Bruce McLeod, President & CEO. "Anna's skill set in banking and project finance is critical to Sabina as we evolve from developer to producer. Her appointment is a significant addition to our already well rounded board and we look forward to her contributions as the Company continues to grow."
Ms. Stylianides has 25 years of experience in the global capital markets having spent much of her career in investment banking, private equity, and corporate management and restructuring.
She began her career in corporate law by joining the firm of Webber Wentzel Attorneys in 1990 after graduating from the University of the Witwatersrand in Johannesburg, South Africa. In 1992 she joined Investec Merchant Bank Limited where she specialized in risk management and gained extensive experience in the areas of corporate finance and structured finance, mergers and acquisitions, specialized finance and other banking and financial services transactions. She was also involved in designing and structuring financial products for financial institutions and corporations.
Since 1997, Ms. Stylianides has been a director of and has been engaged in the financial restructuring of certain Nasdaq publicly-traded companies and has extensive knowledge of Canadian and SEC securities regulations. Ms. Stylianides continues to work extensively with private equity investors in structuring transactions in the banking, construction and mining industries.
Ms. Stylianides has numerous board appointments, and currently also serves as a director of Entrée Gold Inc. and Altius Minerals Corp.
SABINA GOLD & SILVER CORP.
Sabina Gold & Silver Corp. is an emerging precious metals company with district scale, world class undeveloped assets in one of the world's newest, politically stable mining jurisdictions: Nunavut, Canada.
Sabina recently 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.
In addition to Back River, Sabina also owns a significant silver royalty on Glencore's Hackett River Project. The silver royalty on Hackett River's silver production is comprised of 22.5% of the first 190 million ounces produced and 12.5% of all silver produced thereafter.
The Company has planned a base budget of $7 million for 2016 with an additional $4 million of discretionary spending.
All news releases and further information can be found on the Company's website at www.sabinagoldsilver.com or on SEDAR at www.sedar.com. All technical reports have been filed on www.sedar.com.
Contact
Sabina Gold & Silver Corp.
Nicole Hoeller
Vice-President, Communications
1 888 648-4218
nhoeller@sabinagoldsilver.com
www.sabinagoldsilver.com
Sabina Gold & Silver Corp.
Bruce McLeod
President & CEO
604 998-4175
604 998-1051
www.sabinagoldsilver.com