Sandstorm Gold Ltd (SAND)

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Sandstorm Gold: This Gold Miner Is About To Get Much Bigger
May 27, 2020 3:15 PM ET

(In depth article with charts)

https://seekingalpha.com/article/4350365-sandstorm-gold-this-gold-miner-is-to-get-much-bigger

Excerpt:

Bridging the Gap With $400+ Million Of Current Liquidity
Sandstorm's balance sheet continues to remain exceptional. While there was US$50 million of debt last quarter, the recent early warrant exercise incentive program raised US$50.25 million, which SAND used to repay the full amount borrowed on its credit facility. The company currently has no bank debt, and the entire US$225 million revolving credit facility is available. There is also an additional US$75 million accordion feature on this credit facility, which can be used for future acquisitions. Plus, they just initiated an at-the-market equity program that would allow them to issue up to US$140 million of stock. The company is also generating free cash flow each quarter. In total, the company has well over US$400 million of available liquidity.