Sandstorm Gold Ltd (SAND)

[flemsnopes]

Sandstorm Gold Announces First Quarter Results

FIRST QUARTER HIGHLIGHTS

Record Attributable Gold Equivalent ounces sold1 of 12,460;
Revenue of $15.3 million;
Average cash cost per Attributable Gold Equivalent ounce1 of $323 resulting in cash operating margins1 of $904 per ounce;
Operating cash flow of $8.1 million;
Net income of $0.8 million;
Entered into 10 royalty agreements on properties located in Africa and the USA, which include a 0.45% net smelter return royalty on Orezone Gold Corp.'s Bomboré gold project located in Burkina Faso;
Announced an agreement to restructure its Aurizona Gold Stream and its outstanding loan with Luna Gold Corp. ("Luna");
Acquired a 1% gross proceeds royalty over property in Lac de Gras in the Northwest Territories, Canada, including property constituting the Diavik Diamond Mine ("Diavik") operated by Rio Tinto plc. ("Rio Tinto"); and,
Subsequent to quarter end, acquired 100% of the outstanding common shares of Gold Royalties Corporation ("Gold Royalties"). Gold Royalties had approximately C$2 million in cash and a portfolio of royalties on 12 mining projects located in Canada, including one royalty that is generating cash flow from gold production.

http://seekingalpha.com/pr/13399466-sandstorm-gold-announces-first-quarter-results