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Sandstorm Gold Ltd. T.SSL

Alternate Symbol(s):  SAND

Sandstorm Gold Ltd. is a Canada-based precious metals-focused streaming and royalty company. The Company is focused on acquiring streams and royalties from mines. It holds a portfolio of approximately 250 royalties, of which 40 of the underlying mines are producing. The Company’s segments include Aurizona, Blyvoor, Bonikro, Caserones, Cerro Moro, Chapada, Diavik, Fruta del Norte, Hounde, Mercedes, Vale Royalties, Vatukoula and Other. Aurizona mine is in Brazil. The Blyvoor gold mine is located on the Witwatersrand gold belt, South Africa. The Bonikro gold mine is located in Cote d’Ivoire. Caserones open pit mine is in the Atacama region of Chile. Cerro Moro mine is situated in Santa Cruz, Argentina. Chapada mine is located 270 km northwest of Brasilia in Goias State, Brazil. Diavik mine is located in Lac de Gras, Northwest Territories, Canada. The Fruta del Norte gold mine is located in Ecuador.


TSX:SSL - Post by User

Bullboard Posts
Post by ipanemaon May 05, 2012 11:58am
456 Views
Post# 19875227

First Quarter Results

First Quarter Results

Got to tip the hat to Unlimited_aw who nailed the sales. Interesting how the mix will change in Q2 with Ming stopping gold production in early May for as yet an undetermined period. However management seem confident that Black Fox and Santa Elena will pick up the slack. Nice one to hold back the 633ozs in inventory, and of course about $820k of unrealized profit, which had they sold would have put Q1 sales up to 8,578ozs. This also gives them a cushion to ensure that Q2 will become the ninth month of incerased sales in a row. Management and we will want to see that stat stay for as long as possible. Looking for 8,700ozs for Q2. Lets hope the macro picture doesn't effect the advance of our SP too much. GLTA.

Bullboard Posts