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Sandstorm Gold (SAND)

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Last Post: 10/8/2019 9:02:53 PM - Followers: 81 - 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) 04:16 PM
SAND News: Report of Foreign Issuer (6-k) 10/02/2019 04:40:34 PM
SAND News: Report of Foreign Issuer (6-k) 08/12/2019 04:54:14 PM
SAND News: Report of Foreign Issuer (6-k) 08/12/2019 04:24:25 PM
SAND News: Report of Foreign Issuer (6-k) 08/06/2019 04:13:12 PM
News News Alert: Report of Foreign Issuer (6-k) 10/23/2019 04:16:47 PM
#1477   The Fed is increasing its balance sheet again Aitkenresearch 10/08/19 09:02:53 PM
#1476   Selling Puts on Sand? This is an interesting topic Aitkenresearch 09/22/19 11:08:09 AM
#1475   Gotta Boatload here.... LocalComstocker 06/25/19 05:20:37 PM
#1474   Forecast looks sunny! dockzef 05/08/19 01:21:32 PM
#1473   Sandstorm Gold Streaming and Royalty Company's Target Price starboy 02/27/19 11:02:30 AM
#1472   Another loss report! I thought by now that losing money here 08/18/18 11:36:36 AM
#1471   Sandstorm Gold buys back 1.4 million shares eik 07/17/18 07:03:30 AM
#1470   Trade Wars, Gold and a Once-in-a-Lifetime Opportunity starboy 07/11/18 09:41:47 AM
#1469   is SAND worst off than it was 2 kraticka 06/26/18 06:10:15 PM
#1468   Seeking Alpha article... https://seekingalpha.com/article/4142777-sandstorm-gold Bluetick 02/04/18 12:04:31 AM
#1467   Canaccord Genuity raises price target for Sandstorm....https://www.americanbanki Bluetick 01/19/18 08:02:44 PM
#1466   Next week the fireworks start! I've been accumulating Bountiful_Harvest 12/29/17 07:14:04 PM
#1465   https://www.juniorminingnetwork.com/junior-miner-news/press-releases/823-tsx/ssl starboy 10/04/17 11:29:02 AM
#1464   You could be right, I just wanted to Dough Theory 08/28/17 03:26:32 PM
#1463   Congrats. I've been riding it up as dark knight 08/28/17 02:25:32 PM
#1462   Took profits today on SAND, was a very Dough Theory 08/28/17 01:14:25 PM
#1461   Nolan Watson Interview on Wall Street for Main Street. OldtimeramI 08/02/17 02:12:48 AM
#1460   Sandstorm CEO sets the record straight on Mariana deal Dough Theory 07/23/17 07:42:48 PM
#1459   Sandstorm CEO sets the record straight on Mariana deal OldtimeramI 07/23/17 04:54:22 PM
#1458   Try and post the whole text if you can xrymd 07/23/17 01:22:10 PM
#1457   Sandstorm CEO sets the record straight on Mariana deal OldtimeramI 07/21/17 01:42:21 PM
#1456   Ceo and Vice President buying shares of Sandstorm OldtimeramI 07/12/17 01:10:24 PM
#1455   CEO just said yesterday - they were buying OldtimeramI 07/07/17 10:10:30 AM
#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   https://finance.yahoo.com/news/sandstorm-gold-announces-2017-first-203400952.htm Dough Theory 05/08/17 08:12:45 PM
#1450   Looks like a good buy here now at Dough Theory 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 Yodasfart 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 Yodasfart 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