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Sandstorm Gold (SAND)

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Last Post: 6/22/2017 3:46:10 PM - Followers: 82 - Board type: Free - Posts Today: 0

Sandstorm Gold Ltd. is a gold streaming and royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 145 streams and royalties, of which 21 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties.



Operating Results


  · Record Attributable Gold Equivalent ounces sold (as defined hereinafter), for the three months and year ended December 31, 2016 were 13,245 ounces and 49,731 ounces, respectively, compared with 8,951 ounces and 45,146 ounces for the comparable periods in 2015.
  · Revenue for the three months and year ended December 31, 2016 was $16.5 million and $62.4 million, respectively, compared with $9.9 million and $52.7 million for the comparable periods in 2015.
  · Cash flows from operating activities for the three months and year ended December 31, 2016 were $10.1 million and $39.0 million, respectively, compared with $5.0 million and $30.8 million for the comparable periods in 2015.
  · Cost of sales, excluding depletion for the three months and year ended December 31, 2016 were $3.3 million and $12.8 million, respectively, compared with $2.3 million and $13.6 million for the comparable periods in 2015.
  · Average cash costs for the three months and year ended December 31, 2016 of $2501 and $2581 per Attributable Gold Equivalent ounce, respectively, compared with $2581 and $3001 per Attributable Gold Equivalent ounce for the comparable periods in 2015.


Significant Acquisitions


  · During the year ended December 31, 2016, the Company acquired a royalty portfolio consisting of 52 royalties from Teck Resources Limited and its affiliates for consideration of $16.8 million, of which $1.4 million was paid in cash and $15.4 million in common shares of the Company. The transaction provides asset diversification; immediate cash flow and significant cash flow growth potential with estimated cash flow of over $10 million per year over the long term; and strong counterparties including Barrick Gold Corporation, Glencore plc, KGHM Polska Miedz SA, Newmont Mining Corporation and Kinross Gold Corporation.


Available Capital


  · Strong balance sheet with over $20 million in cash and when combined with an undrawn revolving credit facility of $110 million, the Company has over $130 million in available capital to invest in future Gold Streams.
  · During 2016, Sandstorm recognized a fair value increase of $39 million within the Company’s investment portfolio.  With over $80 million in investments and loan receivables, the Company is well positioned to add future Gold Streams and royalties upon the monetization of these balances.
  · On June 1, 2016, Sandstorm amended its revolving credit facility, extending the term to four years (maturing in July 2020). The revolving credit facility allows the Company to borrow up to $110 million for acquisition purposes, from a syndicate of banks including the Bank of Nova Scotia, Bank of Montreal, National Bank of Canada and Canadian Imperial Bank of Commerce.
  · On July 6, 2016, the Company completed an equity financing for aggregate gross proceeds of $57.5 million. Upon closing of the financing, the majority of the net proceeds were used to reduce the balance of the Company’s revolving credit facility. As a result, the Company currently has no bank debt and the entire $110 million revolving credit facility remains available for acquisition purposes.




  · On January 26, 2017, Orezone Gold Corporation exercised its option to repurchase the royalty on the Bomboré gold project for $3.6 million, representing a 20% premium to the original upfront payment. Sandstorm retains a right of first refusal on any future stream or royalty financings related to the Bomboré gold project.


On February 1, 2017, Luna Gold announced a merger with JDL Gold Corp, which if completed will create a multi-asset mining company with over $70 million in cash. This would place the newly merged company in a position to advance the Aurizona gold project wherein Sandstorm holds a 3% to 5% sliding scale NSR. Concurrent with the closing of the transaction, the term debt facility that is owed by Luna Gold to Sandstorm, in the amount of $20 million plus accrued interest, is expected to be settled in equity, or a combination of cash and equity of the newly combined entity.


Current Price
Bid Ask Day's Range
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SAND News: Report of Foreign Issuer (6-k) 06/16/2017 11:20:01 AM
SAND News: Sandstorm Announces Results from Mariana Court Meeting and Shareholder Meeting 06/16/2017 10:51:00 AM
SAND News: Sandstorm Announces Results from Mariana Court Meeting and Shareholder Meeting 06/16/2017 10:51:00 AM
SAND News: Report of Foreign Issuer (6-k) 06/02/2017 04:57:42 PM
SAND News: Sandstorm Announces Voting Results From Annual General Meeting 06/02/2017 04:36:00 PM
#1454   SAND also suffered a reduction in holdings....... n3m3sis 06/22/17 03:46:10 PM
#1453   Why is SAND so cheap after buyback? GoldMineTrooper 06/22/17 02:39:38 PM
#1452   Sandstorm Gold's Mariana Acquisition Is Focus for Analysts starboy 05/13/17 10:56:54 AM
#1451 Blessediam 05/08/17 08:12:45 PM
#1450   Looks like a good buy here now at Blessediam 04/27/17 08:37:36 PM
#1449   Here is good article that explains this latest OldtimeramI 04/27/17 01:26:20 AM
#1448   It seems to me the more streaming companies losing money here 04/26/17 04:06:04 PM
#1447   Guess they were building up their cash chest OldtimeramI 04/26/17 11:20:14 AM
#1446   Seems to me that Sandstorm Gold is building OldtimeramI 04/12/17 01:19:29 AM
#1445   Buying back 700,000 shares....not to shabby Relgis982 04/03/17 01:58:11 PM
#1444   Sandstorm Gold Announces Record Gold Production In Q1 OldtimeramI 04/03/17 11:24:18 AM
#1443   10 New royalties, total of 22 during the OldtimeramI 03/24/17 12:41:58 PM
#1442   Columbus Gold announced today positive bankable feasibility on OldtimeramI 03/20/17 11:47:20 PM
#1441   No idea. OldtimeramI 03/18/17 12:20:02 PM
#1440   The question is why do they conceal the info? Dmunz 03/18/17 12:18:01 PM
#1439   New Corporate Presentation March 16, 2017 OldtimeramI 03/16/17 01:51:18 PM
#1438   You really have to dig for information on OldtimeramI 03/16/17 01:45:32 PM
#1437   Tower Resources Announces Financing Package with Sandstorm Gold OldtimeramI 03/16/17 01:28:47 PM
#1436   In @ $4.03 for 7,000 shares on March OldtimeramI 03/14/17 07:13:04 PM
#1435   Oops,2017 low that is,still awesome opportunity,great company,great management,w Kiwi3 03/10/17 01:37:58 PM
#1434   All aboard the $SAND money train,choo..choo.. Kiwi3 03/10/17 12:58:34 PM
#1433   Honesty is truly refreshing in a CEO,thanks Nolan.You Kiwi3 03/10/17 12:13:45 PM
#1432   Stock at 52 week low,awesome buying opportunity,this company Kiwi3 03/10/17 11:42:57 AM
#1431   But how else will they pump and dump Relgis982 02/27/17 11:03:54 AM
#1430   Mining CEOs Need To Stop Lying To Shareholders goforthebet 02/27/17 03:41:56 AM
#1429   Bullion - Two Key Levels : nowwhat2 02/19/17 11:55:33 PM
#1428   We'll be walking the gold-silver manipulation blues with starboy 02/19/17 06:30:22 AM
#1427   Nice. Thanks. reckon I'll be be savin' and nowwhat2 02/19/17 01:38:28 AM
#1426   While we wait, and wait, and wait to starboy 02/19/17 01:08:36 AM
#1425   Sand Time............... nowwhat2 02/18/17 03:54:44 PM
#1424   Dec 20th Bottom Feeders R Happy... ComstockRoyalty 01/05/17 03:46:35 PM
#1423   Sandstorm Gold Ltd (NYSEMKT:SAND) Signals Its Shares Are trendmkr 12/30/16 01:19:51 PM
#1422   Gold goes up and SAND is up, gold Hulk Hogan is God 12/21/16 07:30:36 AM
#1421   SAND bearish 3.66 stocktrademan 11/27/16 06:35:14 PM
#1420   Sandstorm mentioned in the article... goforthebet 10/16/16 05:13:32 AM
#1419   Sandstorm Q3 estimates from the always straight shooting Relgis982 10/04/16 09:32:24 AM
#1418   SAND at .56 cents ComstockRoyalty 09/07/16 02:44:51 PM
#1417   I don't care what you payed for sand. kraticka 09/06/16 10:31:52 PM
#1416   Adding more here StarBoy. Picked up RGLD at ComstockRoyalty 09/06/16 05:52:13 PM
#1415   SAND mentioned in this article. starboy 09/06/16 05:39:01 PM
#1414   Picked up a ton of SAND under $2.25 ComstockRoyalty 09/06/16 05:35:01 PM
#1413   Nice read - ty for posting. Been with turn144 08/15/16 01:58:04 PM
#1412   3 Reason to Buy Sandstorm Gold Ltd. starboy 08/13/16 10:06:39 AM
#1411   Nolan Watson interview on "Wall Street for Main Street". MrC 07/11/16 10:43:49 AM
#1410   could be. could be my friend. we'll find out! lady glueck 07/07/16 04:11:33 PM
#1409   There is a board already at financial paper man 07/06/16 01:20:00 PM
#1408   how to start a message board on yahoo? kraticka 07/06/16 10:58:53 AM
#1407   Is SAND the #1 laggard? JohnCM 07/02/16 01:38:38 PM
#1406   Great Q1 Revenues of $13,2 M (Q1-15: 0,8M) lady glueck 05/07/16 12:53:20 PM
#1405   gold looks like it is a real break jsc52033 04/19/16 11:39:33 AM