On February 8, 2022, Sabina Gold & Silver Corp. completed final documentation with Orion Mine Finance and Wheaton Precious Metals Corp. with respect to a construction financing package for an aggregate total of approximately US$520 million. The financing will fund construction and development of the Goose Mine at Sabina’s 100% owned Back River Project in Nunavut, Canada.
Cassels acted for Sabina in respect of the US$225 million senior secured debt facility, the US$75 million gold prepay facility; and the Gold Metal Offtake with Orion Mine Finance and the US$125 million gold stream arrangement with Wheaton Precious Metals Corp.