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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
Comment by denisonodon Oct 25, 2012 5:46pm
400 Views
Post# 20525047

RE: RE: RE: earnings

RE: RE: RE: earnings

The decrease on all but revenues were expected.  In Q2, we had a one time (for now) benefit of 2,574 oz from the Ming mine (vs 410 oz in Q3).  The Ming gold ounces are at zero additional cost.  This was fully expected and pre-announced on the Q2 conference call. What is good is that the gold produced was down only 193 oz and net income nicely be Q1 ($4.9M vs $4.416M).  It may ytake anthother 5-6 quarters, but the numbers should be about double current levels.  I can wait and will buy more on any significant pullbacks.  

Bullboard Posts