Sandstorm Gold Ltd (SAND)

[dockzef]

Forecast looks sunny!

[starboy]

Sandstorm Gold Streaming and Royalty Company's Target Price Increased as '2019 Guidance Tops Expectations'
Source: Streetwise Reports (2/23/19)

https://www.streetwisereports.com/article/2019/02/23/gold-streaming-and-royalty-companys-target-price-increased-as-2019-guidance-tops-expectations.html

[losing money here]

Another loss report! I thought by now that this company would be making bucks by now. Under 4 dollars, this is a tradegy!

[eik]

Sandstorm Gold buys back 1.4 million shares

"Sandstorm Gold Ltd. is providing an update related to share repurchases under the company's normal course issuer bid (NCIB), recent developments from the company's royalty portfolio as well as the acquisition of eight royalties on exploration-stage properties.

Normal course issuer bid update

Since the renewal of the NCIB on April 5, 2018, Sandstorm has acted on its stated intention to repurchase shares of the company. Approximately 1.4 million shares have been repurchased since April. Sandstorm may purchase up to a maximum of 9.2 million shares under the current NCIB program."
https://www.stockwatch.com/News/Item.aspx?bid=Z-C:SSL-2634164

[starboy]

Trade Wars, Gold and a Once-in-a-Lifetime Opportunity
Interview
Source: Streetwise Reports (7/9/18)
https://www.streetwisereports.com/article/2018/07/06/trade-wars-gold-and-a-once-in-a-lifetime-opportunity.html
Intro:
In a period of economic uncertainty exacerbated by threats of a trade war, Samuel Pelaez, chief investment officer and portfolio manager with Galileo Global Equity Advisors, delves beyond the headlines to discuss the factors that are influencing gold, oil and other commodities, and why he believes we are on the cusp of a once-in-a-lifetime opportunity in commodities.

Interestingly, the fourth company, which is an up-and-coming one, and I'd actually like to highlight it because it also trades in the U.S., is called Sandstorm Gold Ltd. (SSL:TSX; SAND:NYSE.MKT). The founders of Sandstorm are among the smartest individuals in the metals industry, I find. They did a transformational transaction in 2016, where they acquired a portfolio of royalties from Teck Resources Ltd. (TECK:TSX; TECK:NYSE), the big Canadian producer of basically most metals. One of the royalties applied to a specific project in Turkey. The company now has a 30% net profit interest, so it will earn 30% of the project's profits. And at the end of June, the company reported the independent economic assessment of the project, which shows a greater than $1.4 billion profit expectation. Sandstorm spent less than US$200 million in total to acquire this stake, and the economic study suggests Sandstrom could be receiving more than $100 million a year from the project's profits.

[kraticka]

is SAND worst off than it was 2 years ago? if so how..

[Bluetick]

Seeking Alpha article... https://seekingalpha.com/article/4142777-sandstorm-gold-mispriced-jockey-riding-mispriced-horse ..Bluetick

[Bluetick]

Canaccord Genuity raises price target for Sandstorm....https://www.americanbankingnews.com/2018/01/19/sandstorm-gold-ssl-pt-raised-to-c10-50-at-canaccord-genuity.html ...Bluetick

[Bountiful_Harvest]

Next week the fireworks start! I've been accumulating Sandstorm all month long. This is my number one position followed by AG.

[starboy]

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/823-tsx/ssl/36790-sandstorm-gold-announces-q3-2017-production-results-provides-asset-updates.html

[Dough Theory]

You could be right, I just wanted to lock in my profits. I hope it continues to rise in price. I own quite a bit of physical so I'm still in the game.

[dark knight]

Congrats. I've been riding it up as well. Anything in particular that made you decide to sell now? I'm watching closely, but with gold breaking $1300 and the company in the middle of a buyback it seems like downside risk is somewhat limited at least in the short term. Just my opinion of course.

[Dough Theory]

Took profits today on SAND, was a very nice run. I'll be keeping an eye on it for a possibility to get back in at a later time.

[OldtimeramI]

Nolan Watson Interview on Wall Street for Main Street.

[Dough Theory]

Sandstorm CEO sets the record straight on Mariana deal

Mariana Resources' Hot Maden gold-copper project in Artvin Province, Turkey, in 2015. Credit: Mariana Resources.
Mariana Resources' Hot Maden gold-copper project in Artvin Province, Turkey, in 2015. Credit: Mariana Resources.
POSTED BY: MATTHEW KEEVIL JULY 19, 2017
4
VANCOUVER — Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND) made headlines in late April when it bid around US$175 million in cash and shares for explorer Mariana Resources and its 30% stake in the advanced-stage Hot Maden gold-copper project in northeastern Turkey.

The move appeared to hint at a change in business strategy, with BMO analyst Andrew Kaip noting at the time that investors were grappling with “how a streaming-royalty company can acquire an exploration company with development and operating risk.”

Following closure on July 3, Sandstorm president and CEO Nolan Watson sat down with The Northern Miner to discuss how the deal aligns with the company’s overarching goals.

The HotEVEN joint-venture project in Turkey. Credit: Mariana Resources.
The Hot Maden joint-venture project in Turkey. Credit: Mariana Resources.
“There’s been this misconception that the acquisition somehow indicates a shift in our business,” Watson says. “But Mariana called the deal structure a ‘joint venture’ for essentially lack of a better term. It’s really a net profits interest (NPI) in the way it mechanically works, except [they] had to make payments from now through to production to maintain that interest. What they did was enter into a ‘shareholders agreement’ that is effectively a royalty.”

Mariana inked the deal with 70% owner-operator Lidya Madencilik, which is part of a multi-billion dollar Turkish conglomerate called Çalik Holding. The terms dictate that the project operator will make a payment, on an annual basis, equal to the value of 30% of the gold and copper sold, less the cost of operations.

Sandstorm president and CEO Nolan Watson. Credit: Sandstorm Gold.
Sandstorm president and CEO Nolan Watson. Credit: Sandstorm Gold.
Watson estimates Sandstorm will be on the hook for around US$7 million at Hot Maden through 2019.

The joint-venture partners released a preliminary economic assessment (PEA) on Hot Maden in March. The study outlines a US$169-million development that would boost Sandstorm’s attributable gold equivalent production to more than 135,000 oz. by 2022, while increasing annual operating cash flow to more than US$100 million.

The company reported record gold equivalent sales of roughly 15,600 oz. gold equivalent in the first quarter.

Hot Maden’s global economics include a US$1.37 billion after-tax net present value, at an 8% discount rate, and a 153% internal rate of return. The PEA is underpinned by 7.1 million indicated tonnes grading 12.2 grams gold per tonne and 2.3% copper.

“Capital expenditures could overrun by 50%, and it really doesn’t matter because it goes from an eleven-month payback period to sixteen or seventeen months. The risk you’d usually see associated with a mining project just isn’t there,” Watson continues.

“This is an asset that’s really unlike anything that’s been the subject of a stream and/or royalty agreement. When we buy a royalty in the normal course of operations, very rarely do we pay for it all upfront. So, in that sense, this is functionally very much in our sweet spot in terms of the business model,” he elaborates.

Watson adds that the social political risk in Turkey is “largely headline media noise” that ignores the fact the country’s stock market continues to hit all-time highs. He also points out that having Lidya Madencilik navigate the permit and construction process will further mitigate operational risk.

Sandstorm has been building its stake in Mariana over the years via a few separate deals.

The company accumulated a 7.6% equity stake largely through previous private placements and had also targeted a 2% net smelter returns (NSR) royalty on Hot Maden in a US$21.8-million cash-and-shares deal with Teck Resources (TSX: TCK.B; NYSE: TCK) in early 2016.

Mariana Resources’ 30%-held Hot Maden gold-copper project in northeastern Turkey’s Artvin province. Credit: Mariana Resources.
Sandstorm Gold’s 30%-held Hot Maden gold-copper project in northeastern Turkey’s Artvin province. Credit: Mariana Resources.
The deal also sees Sandstorm acquire nearly 2,800 sq. km in prospective greenstone exploration ground in Côte d’Ivoire, West Africa, which it intends to spin-out into a separate public company that is expected to be run by former Mariana president and CEO Glen Parsons. That process is expected to be complete by September. Furthermore, the company will also spin-out tertiary exploration assets in Turkey and Argentina into a separate vehicle.

“No one tried to outbid us for Hot Maden because we were the largest shareholder and got there before anyone else was aware of the asset,” Watson explains.

“It’s becoming necessary to get more creative in the stream-and-royalty business, and we’ve been quicker to adapt than some of our larger competitors. We’re finding good deals buying small royalties for small dollars on exciting exploration plays, and we’re one of the only companies doing that right now,” he adds.

During the first quarter, Sandstorm acquired 22 royalties for US$1.9 million. The portfolio includes development-stage, advanced exploration-stage and exploration-stage projects located in Canada, Mexico and Peru.

Sandstorm has traded within a 52-week window of $4.29 and $8.73, and closed at $5.21 per share at the time of writing. The company maintains 184 million shares outstanding for a $962 million press-time market capitalization, and reported a cash balance of roughly US$32 million at the end of the first quarter.

“We have to be much more creative in how we put financing packages together, and how we actually acquire streams. It’s getting more expensive to put together larger deals because those are few and far between,” Watson concludes. “We understand the need for creativity to maintain our rates of return, and thus far our biggest competitors are not evolving, and they’re seeing declining rates of return for shareholders.”

Print
4
COMMODITY: CopperGold
REGION: Europe
COMPANY: Mariana Resources LtdSandstorm Gold Ltd

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[OldtimeramI]

Sandstorm CEO sets the record straight on Mariana deal

http://www.northernminer.com/news/sandstorm-ceo-sets-record-straight-mariana-deal/1003788112/

VANCOUVER — Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND) made headlines in late April when it bid around US$175 million in cash and shares for explorer Mariana Resources and its 30% stake in the advanced-stage Hot Maden gold-copper project in northeastern Turkey.

The move appeared to hint at a change in business strategy, with BMO analyst Andrew Kaip noting at the time that investors were grappling with “how a streaming-royalty company can acquire an exploration company with development and operating risk.”

Following closure on July 3, Sandstorm president and CEO Nolan Watson sat down with The Northern Miner to discuss how the deal aligns with the company’s overarching goals.

“There’s been this misconception that the acquisition somehow indicates a shift in our business,” Watson says. “But Mariana called the deal structure a ‘joint venture’ for essentially lack of a better term. It’s really a net profits interest (NPI) in the way it mechanically works, except [they] had to make payments from now through to production to maintain that interest. What they did was enter into a ‘shareholders agreement’ that is effectively a royalty.”

Mariana inked the deal with 70% owner-operator Lidya Madencilik, which is part of a multi-billion dollar Turkish conglomerate called Çalik Holding. The terms dictate that the project operator will make a payment, on an annual basis, equal to the value of 30% of the gold and copper sold, less the cost of operations.

Watson estimates Sandstorm will be on the hook for around US$7 million at Hot Maden through 2019.

The joint-venture partners released a preliminary economic assessment (PEA) on Hot Maden in March. The study outlines a US$169-million development that would boost Sandstorm’s attributable gold equivalent production to more than 135,000 oz. by 2022, while increasing annual operating cash flow to more than US$100 million.

The company reported record gold equivalent sales of roughly 15,600 oz. gold equivalent in the first quarter.

Hot Maden’s global economics include a US$1.37 billion after-tax net present value, at an 8% discount rate, and a 153% internal rate of return. The PEA is underpinned by 7.1 million indicated tonnes grading 12.2 grams gold per tonne and 2.3% copper.

Capital expenditures could overrun by 50%, and it really doesn’t matter because it goes from an eleven-month payback period to sixteen or seventeen months. The risk you’d usually see associated with a mining project just isn’t there,” Watson continues.

“This is an asset that’s really unlike anything that’s been the subject of a stream and/or royalty agreement. When we buy a royalty in the normal course of operations, very rarely do we pay for it all upfront. So, in that sense, this is functionally very much in our sweet spot in terms of the business model,” he elaborates.

Watson adds that the social political risk in Turkey is “largely headline media noise” that ignores the fact the country’s stock market continues to hit all-time highs. He also points out that having Lidya Madencilik navigate the permit and construction process will further mitigate operational risk.

Sandstorm has been building its stake in Mariana over the years via a few separate deals.

The company accumulated a 7.6% equity stake largely through previous private placements and had also targeted a 2% net smelter returns (NSR) royalty on Hot Maden in a US$21.8-million cash-and-shares deal with Teck Resources (TSX: TCK.B; NYSE: TCK) in early 2016.

The deal also sees Sandstorm acquire nearly 2,800 sq. km in prospective greenstone exploration ground in Côte d’Ivoire, West Africa, which it intends to spin-out into a separate public company that is expected to be run by former Mariana president and CEO Glen Parsons. That process is expected to be complete by September. Furthermore, the company will also spin-out tertiary exploration assets in Turkey and Argentina into a separate vehicle.

“No one tried to outbid us for Hot Maden because we were the largest shareholder and got there before anyone else was aware of the asset,” Watson explains.

“It’s becoming necessary to get more creative in the stream-and-royalty business, and we’ve been quicker to adapt than some of our larger competitors. We’re finding good deals buying small royalties for small dollars on exciting exploration plays, and we’re one of the only companies doing that right now,” he adds.

During the first quarter, Sandstorm acquired 22 royalties for US$1.9 million. The portfolio includes development-stage, advanced exploration-stage and exploration-stage projects located in Canada, Mexico and Peru.

Sandstorm has traded within a 52-week window of $4.29 and $8.73, and closed at $5.21 per share at the time of writing. The company maintains 184 million shares outstanding for a $962 million press-time market capitalization, and reported a cash balance of roughly US$32 million at the end of the first quarter.

“We have to be much more creative in how we put financing packages together, and how we actually acquire streams. It’s getting more expensive to put together larger deals because those are few and far between,” Watson concludes. “We understand the need for creativity to maintain our rates of return, and thus far our biggest competitors are not evolving, and they’re seeing declining rates of return for shareholders.”

[xrymd]

Try and post the whole text if you can

[OldtimeramI]

Sandstorm CEO sets the record straight on Mariana deal

http://www.northernminer.com/news/sandstorm-ceo-sets-record-straight-mariana-deal/1003788112/

[OldtimeramI]

Ceo and Vice President buying shares of Sandstorm Gold in the open market.

Nolan Watson bought 20,000 shares on July 07, 2017 at an average price of C$4.98.

David Awram bought 6,000 shares at an average price of C$4.95.

David Awram bought 2,500 shares at an average price of C$4.92.

http://bangaloreweekly.com/insider-buying-sandstorm-gold-ltd-ssl-director-purchases-20000-shares-of-stock-291255.html

[OldtimeramI]

CEO just said yesterday - they were buying back the entirety of the 7,500,000 shares they are allowed to in the next six months.

[n3m3sis]

SAND also suffered a reduction in holdings.......

From the GDXJ rebalancing on 06/116/2017.
Also a lot of arbitrage companies buying MARL and shorting SAND as
they will get hold of SAND shares cheaper by buying Marl (SAND shares plus Cash is the buyout deal with MARL).
Trading on Marl finishes at the end of 06/23/2017.
Court case to ratify the buyout is 06/26/2014
Thereafter, look for SAND to bounce back very strongly.

[GoldMineTrooper]

Why is SAND so cheap after buyback?

For the success this company is having I would think this stock should be at least over $5

eom

[starboy]

Sandstorm Gold's Mariana Acquisition Is Focus for Analysts
Source: The Gold Report (5/11/17)
https://www.streetwisereports.com/pub/na/17436

[Dough Theory]

https://finance.yahoo.com/news/sandstorm-gold-announces-2017-first-203400952.html

[Dough Theory]

Looks like a good buy here now at these prices in my opinion.

[OldtimeramI]

Here is good article that explains this latest deal. As far as the share price decrease. It is a 20% dilution to existing Sandstorm Shareholders. They bought an exploration company that owns certain mines and has joint ventures in other mines.

https://seekingalpha.com/article/4065869-sandstorm-golds-latest-deal-head-scratcher

I believe the idea is to sell one of the mines in exchange for a Gold Stream and package the other mines and create a newly formed mining company. Will the existing Sandstorm shareholders receive shares from the new company? Who knows. Many uncertainties regarding this deal might not be helping the share price either.

[losing money here]

It seems to me the more streaming companies they acquire, the lower this stock drops! Is this news that came out today supposed to be a positive for Sandstorm? Now this dog is back into the three dollar range. Is $2 range next?

[OldtimeramI]

Guess they were building up their cash chest for an acquisition.

Sandstorm and Mariana Announce Recommended Combination to Create Leading Mid-Tier Streaming Company



http://www.sandstormgold.com/news/2017/index.php?content_id=531

[OldtimeramI]

Seems to me that Sandstorm Gold is building up cash for a possible big deal.



Sandstorm Gold Files Early Warning Report

Vancouver, British Columbia | April 11, 2017

Vancouver, British Columbia — Pursuant to National Instrument 62-103 -The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) is announcing the disposition of 10,000,000 common shares of Pinecrest Resources Ltd. (“Pinecrest”) for gross proceeds of C$2.1 million, which reduces Sandstorm’s holdings of Pinecrest common shares to zero. Sandstorm still holds 10.0 million share purchase warrants of Pinecrest which if exercised would result in Sandstorm holding 13.9% of the then issued and outstanding Pinecrest shares (on a partially diluted basis).

The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by the Company on Trek’s SEDAR profile at www.sedar.com.

The sale of Pinecrest shares represents a continuation of Sandstorm’s strategy to monetize non-core assets in order to fund the acquisition of streams and royalties.

http://www.sandstormgold.com/news/2017/index.php?&content_id=528

My estimate is that their coffers have around $35 million to $40 million USD at the moment and rising.

[Yodasfart]

Buying back 700,000 shares....not to shabby

[OldtimeramI]

Sandstorm Gold Announces Record Gold Production In Q1 2017, Renews NCIB

Vancouver, British Columbia | April 3, 2017

Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold approximately 15,500 attributable gold equivalent ounces1 during the first quarter of 2017, a record for the Company. The attributable gold equivalent ounces were generated from 20 streams and royalties.

In addition, the Toronto Stock Exchange (“TSX”) has accepted the Company’s notice that it intends to proceed with a normal course issuer bid (“NCIB”) in accordance with TSX rules. Under the NCIB, Sandstorm may purchase up to 7,597,730 of its common shares, representing 5% of the Company’s issued and outstanding common shares of 151,954,615 as of March 22, 2017.

Purchases under the NCIB may commence on April 5, 2017 and will terminate on the earlier of April 4, 2018, the date that Sandstorm completes its purchases pursuant to the NCIB as filed with the TSX, or the date of notice by Sandstorm of termination of the NCIB. All purchases under the NCIB will be executed on the open market through the facilities of the TSX or alternative Canadian trading platforms and will be made at the market price of the common shares at the time of acquisition. The purchases will be funded by Sandstorm’s working capital and any common shares acquired by the Company under the NCIB will be cancelled. Sandstorm’s average daily trading volume on the TSX during the last six calendar months was 521,645 commons shares. Daily purchases will not exceed 130,411 common shares, subject to the Company’s ability to make block purchases under the rules of the TSX. The Company has purchased 619,999 common shares pursuant to a NCIB in the last twelve months at a weighted average price of C$4.938 per common share.

The NCIB provides Sandstorm with the option to purchase the Company’s common shares from time to time when Sandstorm’s management believes that the common shares are undervalued by the market.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, no shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

http://www.sandstormgold.com/news/2017/index.php?&content_id=524

[OldtimeramI]

10 New royalties, total of 22 during the 1 Quarter 2017 and a running total of 155 royalty and streams is what Sandstorm Gold has up to this day.

http://www.sandstormgold.com/news/2017/index.php?&content_id=522

Sandstorm Gold Announces the Acquisition of 22 Royalties During Q1, 2017

Vancouver, British Columbia | March 23, 2017

Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has acquired 22 net smelter return (“NSR”) royalties during the first quarter of 2017 for consideration of US$1.9 million. The assets include royalties on development-stage, advance exploration-stage and exploration-stage projects located in Canada, Mexico and Peru. A complete list of the projects is below:




Project

Owner/Partner

Country

Stage

NSR Royalty


Angilak Kivalliq Energy Corporation Canada Adv. Exploration 1.0%
Ball Creek Evrim Resources Corp. Canada Exploration 2.0%
More Creek Tower Resources Ltd. Canada Exploration 2.0%
Nechako Tower Resources Ltd. Canada Exploration 2.0%
Rabbit North Tower Resources Ltd. Canada Exploration 2.0%
Schaft Creek North Teck Resources Limited/Copper Fox Metals Inc. Canada Exploration 2.0%
La Union Millrock Resources Inc. Mexico Exploration 1.5% (Au, Ag)
1.0% (other metals)
Llano del Nogal Millrock Resources Inc. Mexico Exploration
Los Chivos Millrock Resources Inc. Mexico Exploration
Los Cuarentas Millrock Resources Inc./ Centerra Gold Inc. Mexico Exploration
Ramard Millrock Resources Inc. Mexico Exploration
San Javier Millrock Resources Inc. Mexico Exploration
Violeta Millrock Resources Inc. Mexico Exploration
Chavin Condor Resources/ Compañia Minera Casapalca S.A. Peru Exploration 1.5% NSR
Huiñac Punta Condor Resources Inc. Peru Exploration 0.5% NSR
Huiniccasa Volcan Compañía Minera SAA Peru Exploration 1.25% NSR
Humaya Condor Resources Inc. Peru Exploration 0.5% NSR
Lucero Condor Resources Inc./ Compañia Minera Casapalca S.A. Peru Development 1.5% NSR
Pucamayo Condor Resources Inc. Peru Exploration 0.5% NSR
Quilisane Condor Resources Inc. Peru Exploration 0.5% NSR
Quirurqu Condor Resources Inc. Peru Exploration 0.5% NSR
San Martin Condor Resources Inc. Peru Exploration 0.5% NSR

“The collection of royalties that we have acquired so far in 2017 have added exploration potential in stable jurisdictions, increasing the optionality in our portfolio which is now up to 155 streams and royalties,” said Sandstorm President and CEO. Watson added, “We have over $30 million in cash and $110 million available on our revolving line of credit and we are working diligently to continue deploying our capital into accretive acquisitions that will add value to shareholders.”

The New Royalties

A selection of the 22 royalties that were acquired during the first quarter are discussed below:

Angilak

The Angilak property is located in Nunavut, Canada ("Angilak") and is owned by Kivalliq Energy Corporation ("Kivalliq"). Angilak is over 898 square kilometres in size and hosts numerous high priority zones including the high-grade Lac 50 Trend uranium deposit and the Dipole-RIB trend discovery. Since acquiring the Angilak Property in 2008, Kivalliq has invested more than $55 million conducting systematic exploration including ground and airborne geophysics, geological mapping, prospecting, and over 90,500 metres of diamond and reverse circulation drilling.

Kivalliq’s exploration activities during 2016 included trenching, soil sampling and a soil geochemistry program at Yat and Dipole. A trenching program at Yat collected rock samples from both bedrock and frost heaved boulders with results confirming that high grade polymetallic uranium, copper, silver and gold mineralization identified in boulders are derived from localized bedrock sources. The highlight channel sample assay results included:
•2.5% U3O8, 16.2% Cu, 417 g/t Ag & 1.3 g/t Au across 0.5 metres in Trench Kiv-16-T03
•0.32% U3O8, 373 g/t Ag, 2.9 g/t Au & 6.4 g/t Pd across 0.65 metres in Trench Kiv-PO-T05

Results from the soil samples collected in 2016 have further outlined multiple anomalous uranium in soil trends at Yat and Dipole. At Yat, a pronounced uranium in soil anomaly has been defined along a strike length of 1.6 kilometres coincident to the Yat electromagnetic conductor. A corroborating enzyme leach silver in soil anomaly occurs along the same trend. At Dipole, a strong uranium in soil anomaly has been defined along a strike length of 0.6 kilometres over a conductive trend parallel to the Dipole structure and 1.5 kilometres to 2.1 kilometres northeast of the high grade uranium values drilled in 2015.

The Lac 50 Trend hosts two deposits with a combined NI 43-101 Inferred Resource of 2,831,000 tonnes grading 0.69% U3O8, totaling 43.3 million pounds U3O8 (0.2% U3O8 cut-off). The complete resource table is below:

Inferred Mineral Resources Estimate for the Lac 50 Trend Deposit (January 2013)




Deposit

Tonnes
(‘000)

U3O8
(%)

Ag
(g/t)

Mo
(%)

Cu
(%)

U3O8
(Mlbs)

Ag
(‘000)

Mo
(Mlbs)

Cu
(Mlbs)


Lac Cinquante 1,906 0.67 16.0 0.15 0.25 28.0 983 6.3 10.4
J4/Ray 925 0.75 30.1 0.20 0.26 15.3 895 4.1 5.2
Total 2,831 0.69 20.6 0.17 0.25 43.3 1,878 10.4 15.6

Sandstorm has a 1% NSR royalty on the Angilak property and a right of first refusal on any future streams or royalties. For more information, visit the Kivalliq website at www.kivalliqenergy.com.

Lucero

The Lucero property is located in the Chila Range of southern Peru, approximately 130 kilometres northwest of the city of Arequipa and 22 kilometres southeast of Buenaventura's Orcopampa mine. A private Peruvian company, Compañia Minera Casapalca- S.A., leased the property from Condor Resources Inc. (“Condor”) in late 2015 and are working towards the completion of a long term exploration and exploitation agreement with the local community.

The Lucero property covers the Shila Mining Camp which contains several historic high grade gold-silver mines that were operated by Buenaventura from the late 1980s to 2005. The extracted ore was processed at a small plant east of the concessions and during the last five years the reported production averaged approximately 20,000 ounces of gold and 470,000 of silver per year at grades of 15 g/t gold and 450 g/t silver. Historical mining was focused on low sulphidation vein deposits and there are also large epithermal alteration zones and gossans that have been identified on the property.

During the preliminary prospecting work by Condor, a high-sulphidation, epithermal alteration zone containing low-sulphidation structures was identified on the property and returned peak sample values of 33.4 g/t Au and 3,500 g/t Ag. This alteration zone, measuring approximately 1,300 metres by 1,400 metres in size, exhibits no evidence of prior sampling or drilling and is believed to host potential for a bulk tonnage disseminated gold-silver deposit.

Sandstorm’s royalty on Lucero is a sliding scale royalty based on the price of gold as follows:




Gold Price

Sandstorm NSR


< US$1,000/oz 0.75%
US$1,000 to US$2,000/oz 1.5%
> US$2,000/oz 2.25%

For more information visit the Condor website at www.condorresources.com.

Millrock/Centerra Strategic Alliance

Millrock Resources Inc. ("Millrock") is an active explorer in Sonora, Mexico and has recently entered a strategic alliance with Centerra Gold Inc. ("Centerra"). Centerra is currently funding exploration work on the Los Cuarentas property, which is located 160 kilometers northeast of Hermosillo and is situated on claims immediately adjacent to the northeast of the Mercedes Mine, a gold mine owned and operated by Premier Gold Mines Ltd. Prior work by Millrock has indicated gold-bearing epithermal quartz veining and the main focus of current exploration is an area showing alteration typical of an epithermal gold - silver mineralized system. Under the option agreement, Centerra can earn a 70% interest by completing US$2.0 million in exploration expenditures over a five-year period.

Sandstorm has a 1.5% NSR on gold and silver and a 1% NSR on all other metals produced from Los Cuarantas. For more information visit the Millrock website at www.millrockresources.com.



QUALIFIED PERSON

Keith Laskowski (MSc), Sandstorm’s Vice President, Technical Services is a Qualified Professional (#01221QP) of the Mining and Metallurgical Society of America and a Qualified Person as defined by Canadian National Instrument 43-101. Mr. Laskowski has not independently verified the resource estimates contained in this disclosure. He has reviewed and approved the technical information in this press release.

[OldtimeramI]

Columbus Gold announced today positive bankable feasibility on the Montagne d'Or Gold Project, French Guiana ( Paul Isnard Project ).

http://www.columbusgoldcorp.com/s/NewsReleases.asp?ReportID=783271&_Type=News-Releases&_Title=Columbus-Gold-Announces-Positive-Bankable-Feasibility-Study-for-Montagne-dO...

Sandstorm Gold holds a 1% NSR on this property. Based on the corporate presentation they expect this royalty to contribute $3 m in annual cash flow. Life of mine is expected to be 12 years.

Sandstorm Gold bought this royalty back in 2013 for $5 m USD.

[OldtimeramI]

No idea.

[Dmunz]

The question is why do they conceal the info?

[OldtimeramI]

New Corporate Presentation March 16, 2017

http://www.sandstormgold.com/_resources/SSL-Presentation.pdf

[OldtimeramI]

You really have to dig for information on this company Sandstorm didn't even issue a press release in regards to them acquiring these 3 royalties.

Although, they did update the amount of streams and royalties immediately. They went from 142 to 145 with this last transaction.

[OldtimeramI]

Tower Resources Announces Financing Package with Sandstorm Gold and Concurrent Private Placement

VANCOUVER B.C. / TheNewswire / March 15 2017 - Tower Resources Ltd. ("Tower" or the "Company") is pleased to announce it has signed a $1 million financing package ("Transaction") with Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT:SAND) including a royalty investment and private placement. The Company has also agreed to a concurrent non-brokered private placement for proceeds of up to $2.7 million. All currency amounts in Canadian dollars.

Transaction and Private Placement Highlights
•Provides multi-year funding for exploration of Tower's Rabbit North, Nechako Gold, and More Creek, properties;
•Total of up to $3.2 million in new equity financing of which Sandstorm will subscribe for $500,000;
•Sandstorm will pay $500,000 cash consideration for a 2% net smelter returns royalty ("NSR") on Tower's Rabbit North Extension, Nechako Gold and More Creek properties;
•Tower will have the option to buy-back 50% (total 1%) of each new NSR sold to Sandstorm for $500,000 per property;
•Tower will assign Sandstorm the right to purchase 1% of the underlying NSR on Tower's Rabbit North property.

Mark Vanry, President and CEO noted, "We are extremely happy to have Sandstorm as an investor in Tower and believe that this transaction is an endorsement of both Tower's people and properties. "The funds provided by the sale of the royalty as well as the private placement will allow Tower to aggressively explore each of our core assets in BC and opportunistically add prospective properties to our pipeline."

Sandstorm Transaction

As part of the financing package, Tower will receive a $500,000 payment in return for granting Sandstorm a two percent (2%) NSR on Tower's Rabbit North Extension, Nechako Gold and. More Creek properties. Tower will have the option to buyback one percent (1%) of the NSR on each of the properties from Sandstorm for cash consideration of $500,00 per property. In addition, Tower will assign to Sandstorm the right to purchase one percent (1%) of Tower's two percent buyback right underlying the Rabbit North property. Concurrent with the NSR investment, Sandstorm will subscribe for 3.44 million units of a private placement at $0.145 per unit for total proceeds of $500,000. Each unit is to consist of one common share and one half of one transferable share purchase warrant. Each whole warrant will be exercisable at $0.22 for a period of five years. Fort Capital Partners acted as an advisor to the company in connection with the Sandstorm financing package and will be issued units in consideration for their services.

Private Placement

Concurrent with the Sandstorm Transaction, Tower has arranged a non-brokered private placement of up to 18.62 million units of the company for gross proceeds of $2,700,000. As with the Sandstorm private placement, each unit is to consist of one common share and one half of one transferable share purchase warrant exercisable at $0.22 for a period of five years. Proceeds from the private placement will be used for exploration of the Company's mineral property portfolio and general working capital purposes. Tower will pay finder's fees to qualified finders in amounts permitted by the TSX Venture Exchange. Both the Sandstorm Transaction and concurrent private placement remain subject to regulatory approval.

All securities issued in connection with the private placement (including securities issued to Sandstorm, Fort Capital and any finders) will be subject to a statutory hold period of four months. This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933 or any state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act of 1933 and all applicable state securities laws, or an applicable exemption from registration requirements.

About Tower Resources

Tower Resources Ltd. (TWR.V) is a Vancouver-based junior mineral exploration company focused on the discovery and advancement of economic mineral properties, primarily in British Columbia. The company's key exploration assets are Rabbit North, Nechako Gold and More Creek.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1260-tsx-venture/twr/30277-tower-resources-announces-financing-package-with-sandstorm-gold-and-concurrent-private-placement.html

[OldtimeramI]

In @ $4.03 for 7,000 shares on March 09, 2017.

Posting this as a bookmark. Posting my position ahead of the FED meeting.

[Kiwi3]

Oops,2017 low that is,still awesome opportunity,great company,great management,with a straight talking CEO.

[Kiwi3]

All aboard the $SAND money train,choo..choo..

[Kiwi3]

Honesty is truly refreshing in a CEO,thanks Nolan.You said some mining assets are broken,and are misrepresented by a number of companies,you can tell after you complete your DD,basically lying to shareholders through false promotion.( the emperior has no clothes)

[Kiwi3]

Stock at 52 week low,awesome buying opportunity,this company continues to grow profits,through increasing number of royalty & streaming agreements,& no debt.

[Yodasfart]

But how else will they pump and dump worthless land ??? Lol

[goforthebet]

Mining CEOs Need To Stop Lying To Shareholders - Sandstorm’s CEO

Feb 26, 2017

http://www.kitco.com/news/video/show/GSA-Investor-Day-2017/1496/2017-02-26/Mining-CEOs-Need-To-Stop-Lying-To-Shareholders---Sandstorms-CEO

[nowwhat2]

Bullion - Two Key Levels :

[starboy]

We'll be walking the gold-silver manipulation blues with SAND for a while longer it seems, but one day...it must end... Otis Spann 'Walking The Blues'

[nowwhat2]

Nice. Thanks. reckon I'll be be savin' and playin' w this (of yours') :
Harp and acoustic
Shufflin' along.....

[starboy]

While we wait, and wait, and wait to breach the walls of El Dorado, Sands in the Desert. Classic old movie theme.
Kathryn Grayson, Gordon MacRae - Desert Song

[nowwhat2]

Sand Time...............

Sandstorm Gold to Release Fourth Quarter and Annual Results on February 21


......