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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 royalties and gold and other metals. The Company holds a portfolio of over 230 royalties, of which 41 of the underlying mines are producing. Its segments include Antamina, Aurizona, Blyvoor, Bonikro, Caserones, Cerro Moro, Chapada, Fruta del Norte, Hounde, Mercedes, Vale Royalties, and others. Antamina open-pit copper mine located in the Andes Mountain range of Peru, approximately 270 kilometers (km) north of Lima. 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. Chapada mine is located 270 km northwest of Brasilia in Goias State, Brazil. Mercedes gold-silver mine in Sonora, Mexico. Black Fox mine and Froome mine are located in Ontario, Canada.


TSX:SSL - Post by User

Bullboard Posts
Comment by KevinF2848on Sep 10, 2012 2:08pm
187 Views
Post# 20343255

RE: RE: RE: like a completely New Gold Stream

RE: RE: RE: like a completely New Gold Stream

Although Sandstorm has an agreement to purchase 20% of the gold production on the underground portion of Santa Elena, this does not mean it is a forgone conclusion.  The underground portion of the mine does not have as much gold in it as the open pit.  I am sure that if Sandstorm makes the decision to participate in the underground mine, that they have done their homework.  Silvercrest has a new website and on their presentation, they noted that the capex might not be the $84 million that was orginally thought for the mine expansion, it could come down to $65 million.  So if Sandstorm does participate, they are talking about spending only $13 million vs. the original amount of $16.8 million.

Bullboard Posts

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