Sandstorm Metals and Energy Ltd (fka STTYF)

[Tommy]

$STTYF - Sandstorm Metals & Energy Releases Third Quarter Results

http://www.sandstormmetalsandenergy.com/news/release/index.php?content_id=286

Sandstorm Metals & Energy Ltd. (“Sandstorm” or the “Company”) (TSX-V: SND) has released its unaudited results for the third quarter ended September 30, 2013 (all figures in U.S. dollars).

Third Quarter Summary

Converted the copper stream on the Bracemac-McLeod Mine into a 2.4% net smelter return royalty (NSR) based on 100% of the production from the mine.
$0.4 million in royalty revenue was received during the third quarter from the Bracemac-McLeod NSR.
Net loss of $6.6 million primarily attributable to a non-cash impairment charge of $6.3 million related to the conversion of the Bracemac-McLeod copper stream into a NSR.

Sandstorm President & CEO Nolan Watson commented, “During the quarter, our time and energy was focused on restructuring some of the Company’s existing commodity stream agreements. The process is nearing completion and our efforts are reorienting towards the next steps to grow the Company.”

Sandstorm’s third quarter results for the period ended September 30, 2013 are available on SEDAR at www.sedar.com and on the Company website at www.sandstormmetalsandenergy.com. A conference call will be held on Wednesday, November 6, 2013 starting at 10:30am PST to discuss the third quarter and provide a corporate update. To participate in the conference call use the dial-in numbers below. It is recommended that participants dial in five minutes prior to the commencement of the conference call. To access an audio webcast of the conference call, click here. The webcast will also be available on the Sandstorm website.

Local/International: 647-788-4916
North American Toll-Free: 877-214-4966

ABOUT SANDSTORM metals & energy

Sandstorm Metals & Energy Ltd. is the world’s first diversified streaming company. Sandstorm provides upfront financing to resource companies that are looking for capital and in return, receives a commodity streaming agreement. This agreement gives Sandstorm the right to purchase a percentage of the commodity produced at a mine, for the life of the mine, at a fixed price. Sandstorm has acquired a portfolio of three commodity streams and two net smelter return royalties in copper, lead, natural gas, palladium and zinc. Sandstorm plans to grow and diversify its production base through the acquisition of additional commodity streams.