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Stock Market & Financial Investment News

News For SAND;BRD From The Last 14 Days
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February 23, 2015
09:14 EDTSANDSandstorm Gold reports 44.821 attributle gold equivalent ounces sold during 2014
Sandstorm Gold announced that the company has met its 2014 production guidance, with 44,821 attributable gold equivalent ounces sold during the year. Revenue and cash flow from operations for 2014 were US$56.5 million and US$35.2 million respectively. Based on the company's existing gold streams and royalties, attributable gold equivalent production for 2015 is forecasted to be between 36,000 and 44,000 ounces, increasing to 45,000 ounces per annum in 2018. The company's 2018 guidance excludes any ounces that may come from Luna Gold Corp.'s Aurizona mine in Brazil.
February 18, 2015
09:30 EDTSANDSandstorm Gold agrees to acquire Gold Royalties for C$5.7M
Sandstorm Gold announced that it has entered into an arrangement agreement with Gold Royalties Corporation pursuant to which Sandstorm will acquire 100% of the outstanding common shares in the capital of Gold Royalties by way of a statutory plan of arrangement. Gold Royalties has approximately C$2M in cash and a portfolio of 18 royalties on 13 mining projects located in Canada, including one royalty that is generating cash flow from gold production. Upon the closing of the Arrangement, Sandstorm will have a portfolio of 10 streams and 59 royalties. Gold Royalties shareholders will receive common shares of Sandstorm on the basis of 0.045 of a Sandstorm Share for each one Gold Royalties Share held. The Arrangement values the Gold Royalties Shares at approximately C$0.20 per Gold Royalties Share, which represents a premium of 70% to the 20-day volume weighted average trading price of the Gold Royalties Shares on the TSX Venture Exchange of approximately C$0.118. Based on Sandstorm's closing share price on February 17, 2015, the total value of this transaction would be approximately C$5.7 million.

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