Aug 8 (Reuters) - Sage Gold Inc:
* Clavos update: progress in restarting production
* Proceeding with advanced negotiations for project financing of Clavos including working capital needs of company
* Before production can commence existing mine workings will be dewatered and rehabilitated
* "we remain very bullish on future price of gold" Source text for Eikon: ID:nMKWyH153a Further company coverage: SGX.V