January 13, 2017 / 7:19 PM / in a year

BUZZ-Sabina Gold & Silver: Biggest pct gain in 7 months

** Canadian miner’s shares rise as much as 14.8 pct to C$1.32 - stock’s biggest pct gain in 7 months

** Co says that the minister of Indigenous and Northern Affairs Canada (INAC) returned the report submitted by Nunavut Impact Review Board (NIRB) on its Back River project, calling it “deficient”

** Co first came out with the statement on NIRB’s report on June 16

** “After careful consideration ... it is premature to conclude that the project would lead to unacceptable or unmanageable ecosystemic or socioeconomic impacts”, the minister wrote in the report

** The Back River project, located in southwestern Nunavut, is in the advanced exploration and permitting stage with operations expected to begin in 2019 (bit.ly/2ilfxfK)

** More than 1.2 mln shares traded, 2.7x their 30-day moving avg

** Up to Thursday’s close, stock had risen 17.4 pct YTD

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