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Stock Market & Financial Investment News

News Breaks
January 15, 2014
05:38 EDTSANDSandstorm Gold announces recommencement of mine operations at Aurizona
Sandstorm Gold (SAND) announced that Luna Gold Corp. (LGCUF) has resumed mine operations at the Aurizona Gold Mine in Maranhao, Brazil. Production at Aurizona recommenced overnight after a resolution was reached during a meeting between the local government and the representatives of the community who were engaged in demonstrations concerning the progress of government-sponsored infrastructure projects. The demonstrations have ceased, thereby allowing normal operations to resume at Aurizona.
News For SAND From The Last 14 Days
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July 2, 2015
16:13 EDTSANDSandstorm Gold provides asset update
Sandstorm Gold provided an update at various projects. Luna Gold has closed the previously announced $30M financing with Pacific Road Resources Funds, as part of which Luna's gold steam and debt facility with Sandstorm were restructured. Sandstorm has a sliding scale net smelter returns royalty on Luna's Aurizona project in Brazil based on the price of gold. Sandstorm also holds a 2% NSR on Luna's 200K hectares of greenfields exploration ground. Metanor Resources has released positive drill results from its exploration activities at the Bachelor Lake Mine in Quebec, Canada. Sandstorm has a gold stream agreement with Metanor to purchase 20% of the gold produced from Bachelor Lake at a per ounce price of $500 per ounce. Canadian Zinc recently provided assay results from five diamond drill holes at the Prairie Creek Mine in the Northwest Territories, Canada. Canadian Zinc has completed over 5K meters of exploration drilling since the beginning of 2015. The drilling program was completed at the end of June and the data will be incorporated into the future resource and reserve calculations and a revised mine plan. Sandstorm holds a 1.2% NSR royalty on the Prairie Creek project.

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