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Wednesday, 03/21/2012 9:08:32 PM

Wednesday, March 21, 2012 9:08:32 PM

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Sandstorm Gold Limited (SSL.V) has climbed 8 cents to currently trade at $1.99. The shares have touched a record high of $2.02. More than 2.8 million shares have changed hands. Last week, Sandstorm reported record gold sales in the fourth quarter.

SSL yesterday cited an operational update on Brigus Gold Corp.'s (BRD.TO) Black Fox Mine. Brigus management is focused on increasing gold production at Black Fox and has targeted 25,000 ounces per quarter by the end of 2012. Brigus is unchanged at a year low 78 cents.

Sandstorm is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed gold purchase agreements with a host of companies, including Brigus Gold
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