Business
Star Royalties Highlights Completion of Acquisition of Sabre Gold by Minera Alamos
(TheNewswire) February 7, 2025, TORONTO, ON – TheNewswire – Star ...
About this update from Star Royalties Ltd
[{"type":"text","content":"Star Royalties Highlights Completion of Acquisition of Sabre Gold by Minera Alamos\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n February 7, 2025, TORONTO, ON –\n \n\n TheNewswire\n \n\n –\n \n\n Star Royalties Ltd.\n \n (“\n \n Star\nRoyalties\n \n ”, or the “\n \n Company\n \n ”) (TSXV: STRR, OTCQX: STRFF) is pleased to\nhighlight the completion of Minera Alamos Inc.’s (“\n \n Minera Alamos\n \n ”) (TSXV: MAI, OTCQX:\nMAIFF) previously announced acquisition of Sabre Gold Mines Corp.\n(“\n \n Sabre Gold\n \n ”) (TSX: SGLD,\nOTCQB: SGLDF). The acquisition provides a direct and accelerated\npathway to bring the Copperstone Gold Mine (“\n \n Copperstone\n \n ”) into production in\nthe first half of 2026. The Company's existing gold streaming\nagreement on Copperstone remains a flat 4% of gold produced for the\nduration of Copperstone’s life-of-mine (“\n \n LOM\n \n ”). Under the terms of the\nstreaming agreement, Star Royalties will provide a cash payment to\nMinera Alamos equal to 25% of the spot gold price for each ounce of\ngold delivered. All amounts are in U.S. dollars, unless otherwise\nindicated.\n \n\n\n Transaction Highlights\n \n\n\n\n\n\n Accelerated timeline to production at\nCopperstone:\n \n\n With the acquisition of Sabre Gold\nnow complete, Copperstone has become a priority development project\nfor Minera Alamos. Minera Alamos is in the process of expanding its\nconstruction and operations team, and management plans for first\nproduction in the first half of 2026.\n \n\n\n\n\n\n Proven mine builders and operators:\n \n\n Minera Alamos’ established track record of\npermitting, building, and operating gold mines will be a key driver to\nreturning Copperstone to production within established timelines and\ncost estimates. The management team has set several milestones for\n2025, including re-issuing a Preliminary Economic Assessment\n(“\n \n\n PEA\n \n\n ”), installing process plant equipment, and rehabilitating\nunderground infrastructure.\n \n\n\n\n\n\n Increased confidence in development\ncost estimates:\n \n\n Minera Alamos management expects\nthat the use of already-owned process plant equipment and leveraging\nexisting infrastructure should offset infla...