Sabre Gold Mines
Sabre Gold Mines Corp. was a Canadian near-term gold producer focused on restarting the 100%-owned, fully permitted Copperstone gold mine in Arizona. It was acquired by Minera Alamos Inc. in 2026, ending its standalone status.
- Company typePublic
- Founded2021
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Sabre Gold Mines does
Sabre Gold Mines Corp. was a Canadian-domiciled, near-term gold producer focused on restarting the 100%-owned, fully permitted, past-producing Copperstone gold mine in La Paz County, Arizona. The company was created in September 2021 through the merger of Arizona Gold Corp. and Golden Predator Mining Corp. and subsequently acquired by Minera Alamos Inc., with the transaction closing in April 2026. The Copperstone asset hosts approximately 300,000 ounces of Measured and Indicated resources, 197,000 ounces of Inferred resources, and 175,093 ounces of Proven and Probable reserves, with more than 500,000 ounces of historical open-pit production recorded at the site.
The company's core technical platform is centered on whole ore leach (WOL) processing, which uses direct cyanidation of the entire ore feed to produce doré bars at recoveries of 88–97% (averaging approximately 95% in the Pre-Feasibility Study). The selected underground mining method is mechanized overhand cut-and-fill, applied to a relatively flat orebody dipping 38 degrees with 95% mining recovery and 25.3% dilution. The processing plant is rated at 762+ tonnes per day and benefits from existing infrastructure including a mill, 3,000 meters of underground development, and a tailings storage facility. The company has also advanced a separate Footwall Zone discovery that has materially expanded the mineralized footprint.
Commercially, Sabre Gold is a pre-revenue resource developer; it had not yet restarted gold sales prior to its acquisition. Projected economics under the Pre-Feasibility Study base case (US$1,250/oz gold) include average annual production of approximately 38,347 ounces, life-of-mine cash costs of US$684/oz, all-in sustaining costs of US$875/oz, an after-tax IRR of 40%, and a 2.3-year payback on US$22.74 million of initial capex. The intended go-to-market is direct doré bar sales to bullion banks and commodity traders at prevailing spot prices, supplemented by residual NSR royalties on divested Yukon assets (3 Aces, SER, Marg). Capital markets activity was the primary commercial interface, with the company listed on the TSX (SGLD) and OTCQB (SGLDF) and funded historically through debt and equity rounds totaling tens of millions of dollars.
Sabre Gold Mines firmographics
Firmographics- Name
- Sabre Gold Mines
- Legal name
- Sabre Gold Mines Corp.
- Website
- https://sabre.gold
- Company type
- Public
- Founded year
- 2021
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Sabre Gold Mines Corp. was a Canadian near-term gold producer focused on restarting the 100%-owned, fully permitted Copperstone gold mine in Arizona. It was acquired by Minera Alamos Inc. in 2026, ending its standalone status.
- Ownership category
- akta.pro rank
Sabre Gold Mines industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220), Other Metal Ore Mining (212290)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
Keywords
Where Sabre Gold Mines is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Sabre Gold Mines business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Others
Revenue model
- Gold Production and Sales: Sabre Gold generates revenue through gold production and sale of doré bars from the Copperstone mine. The mine is designed to produce approximately 38,347 ounces of gold annually with projected gold recoveries averaging 95% using whole ore leach processing. Revenue is derived from the sale of extracted and processed gold.
- By-product Copper Revenue: Copper may be extracted as a by-product during the processing of economic gold ores. The economics of monetizing copper as a by-product are potentially attractive as cash costs of production are shared with the cash cost of producing the primary product - gold. Further exploration drilling, assaying and modelling work is required.
- Royalty Income: The company retains NSR royalties on divested projects including 0.5% NSR on the 3 Aces project sold to Seabridge Gold, 2.5% NSR on the SER project sold to Rackla Metals, and 1% NSR on the Marg project with Azarga Metals.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Sabre Gold Mines product offering
Product offeringCore offering
Sabre Gold Mines is a near-term gold producer advancing the restart of production at its 100% owned, fully permitted, past-producing Copperstone gold mine in Arizona. The company produces and sells gold doré bars generated through underground mining and whole ore leach processing, with projected annual production of approximately 38,347 ounces of gold. The asset includes approximately 300,000 ounces of Measured and Indicated gold resources and 175,093 ounces of Proven and Probable mineral reserves.
Product overview
Sabre Gold Mines Corp. is a near-term gold producer advancing the restart of production at its 100% owned, fully permitted, past-producing Copperstone gold mine located in Arizona, USA. The company held approximately 300,000 ounces of gold in Measured and Indicated mineral resource categories with an additional 197,000 ounces in the Inferred category. The company's product offering centers on gold mining operations, specifically the Copperstone mine which features existing operational infrastructure including mill, tailings storage facility, and underground development, along with significant exploration upside. The company historically operated under names including Kerr Mines Inc. and Arizona Gold Corp. before the name change to Sabre Gold Mines Corp. in 2021. The company has since been acquired by Minera Alamos Inc. (completed April 2026).
Differentiator
Problem solved
Functional benefit
Products and services
- Copperstone Gold Mine
Quantifiable outcome
- 38,347 oz gold annually
- +4 more outcomes
Companies that use Sabre Gold Mines
Customer profileSegments1 record
Ideal customer profiles2 records
Sabre Gold Mines technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Sabre Gold Mines partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Minera Alamos Inc.coreMinera Alamos Inc. (TSXV: MAI) acquired all issued and outstanding shares of Sabre Gold Mines Corp. at an exchange rate of 0.693 common shares of Minera Alamos for each Sabre share. The arrangement was approved by Sabre shareholders on January 14, 2025 and was expected to close on or about February 5, 2025. The acquisition created a North American gold production platform, with Minera Alamos planning to restart the Copperstone mine in Arizona.
- Victoria Gold Inc.minorSabre Gold sold the Brewery Creek Project and other mineral assets in the Yukon to Victoria Gold Inc. for $13.5 million. This sale was part of Sabre Gold's strategy to focus on the Copperstone project and reduce debt.
- Rackla Metals Inc.minorRackla Metals exercised its option to acquire a 100% interest in the SER property from Sabre Gold, subject to a 2.5% NSR royalty. Rackla paid $50,000 cash initially, then $150,000 cash plus $150,000 worth of common shares twelve months later.
- Azarga MetalsminorSabre Gold closed the sale of its 100% interest in the Marg property located in Central Yukon with Azarga Metals. The agreement was later restructured on January 9, 2024 to convert it to an option agreement. Azarga issued 2,866,666 common shares and Sabre Gold is entitled to a further 1% NSR with maintenance payments of $33,500.
- Golden Predator Mining Corp.coreArizona Gold Corp. (now Sabre Gold Mines) and Golden Predator Mining Corp. merged to create a new North American gold production company. The business combination closed on September 2, 2021, with the combined entity trading under the name Sabre Gold Mines Corp. on TSX under ticker SGLD.
- Seabridge GoldminorSabre Gold sold a 100% interest in the Three Aces Project to Seabridge Gold. The agreement provided for additional payments to Sabre Gold of $1 million upon confirmation of a 3 Aces NI-43-101 compliant mineral resource of 2.5 million ounces of gold and a further $1.25 million upon confirmation of an aggregate mineral resource of 5 million ounces of gold. Sabre Gold retains a 0.5% NSR royalty on the project.
Scale indicators16 records
Recent moves6 records
Sabre Gold Mines competitors and assessment
Company assessmentDirect peers
- Argonaut Gold Inc. Junior/intermediate North American gold producer operating assets in the US Southwest (Magenta and Florida Canyon in Arizona/Nevada); comparable size, geography, and pre-production to operating-stage profile to Sabre Gold.
- Minera Alamos Inc. Mexican-Canadian gold producer that completed acquisition of Sabre Gold in April 2026; directly comparable as a North American near-term gold operator focused on building production from permitted assets.
- Victoria Gold Corp. Operator of the Eagle Gold mine in Yukon, Canada; a near-term gold producer at similar scale and stage to Sabre, and was a counterparty when Sabre sold its Brewery Creek project.
Broad incumbents
- New Gold Inc. Intermediate gold producer with operating mines (Rainy River in Ontario, New Afton in BC); comparable as an intermediate-scale North American gold producer with mine-restart and development expertise.
- Hecla Mining Company: Larger US-headquartered precious metals producer (silver and gold) operating the Lucky Friday, Greens Creek, Casa Berardi and Hollister mines; comparable as a North American multi-asset gold producer with full production stack.
- Coeur Mining Inc. Established US-based precious metals producer operating silver-gold mines across North America (Rochester, Kensington, Palmarejo, Wharf); offers similar permitting/operating playbooks in Arizona/Southwest US.
Regional players
- Allegiant Gold Ltd. Junior gold explorer with district-scale property portfolio in Nevada near-proximity to Sabre's Arizona assets; comparable in size, single-stage profile, and dependency on exploration success.
- Western Exploration Inc. Nevada-focused gold/silver explorer-developer with the Aurora project; closely comparable in geography (Basin-and-Range Nevada) and stage (mineral resources, no production).
Emerging players
- Seabridge Gold Inc. Canadian gold developer with KSM and Iskut projects; acquired Sabre's 3 Aces project in 2020 and is a development-stage comparable focused on advancing multi-million-ounce gold deposits.
- Gold Standard Ventures Corp. Pre-production gold developer focused on Railroad-Pinion in Nevada's Carlin trend; comparable as a single-asset North American gold developer in the permitting-to-construction stage.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Sabre Gold Mines social profiles
Digital presenceSabre Gold Mines compliance and trust
Trust signalCompliance2 records
Sabre Gold Mines financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sabre Gold Mines leadership team
Management profileNumber of profiles
Profiles2 records
Sabre Gold Mines funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sabre Gold Mines M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sabre Gold Mines
What does Sabre Gold Mines do?
Sabre Gold Mines is a near-term gold producer advancing the restart of production at its 100% owned, fully permitted, past-producing Copperstone gold mine in Arizona. The company produces and sells gold doré bars generated through underground mining and whole ore leach processing, with projected annual production of approximately 38,347 ounces of gold. The asset includes approximately 300,000 ounces of Measured and Indicated gold resources and 175,093 ounces of Proven and Probable mineral reserves.
Is Sabre Gold Mines a public or private company?
Sabre Gold Mines is a public company. It is classified as corporate owned and is currently acquired.
When was Sabre Gold Mines founded?
Sabre Gold Mines was founded in 2021. It employs 11 to 50 people.
Where is Sabre Gold Mines based?
Sabre Gold Mines is headquartered in Vancouver, Canada, in the North America region.
How does Sabre Gold Mines make money?
Three revenue lines are on record. Gold Production and Sales are the primary driver. The others are by-product Copper Revenue and royalty Income.
Who are Sabre Gold Mines's main competitors?
Direct peers on record are Argonaut Gold Inc., Minera Alamos Inc. and Victoria Gold Corp.. Broad incumbents are New Gold Inc., Hecla Mining Company and Coeur Mining Inc.. Regional players are Allegiant Gold Ltd. and Western Exploration Inc.. Emerging players are Seabridge Gold Inc. and Gold Standard Ventures Corp..
Does Sabre Gold Mines have an API?
No public API is recorded for Sabre Gold Mines.
What industry is Sabre Gold Mines in?
Sabre Gold Mines's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining. Its NAICS code is 212220 and its SIC code is 1040.