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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 unlimited_awon Jan 17, 2013 7:05am
270 Views
Post# 20849268

RE: RE: production numbers streaming partners

RE: RE: production numbers streaming partners

@bodo

Your numbers appear to be wrong.

Luna produced during the third quarter 19,391 ounces. Our share (17%) would be 3,296. We however got delivered 3,888 ounces, which includes deliveries from the second quarter production at Aurizona. This is the timing differences Kewl and I were talking about. Therefore it will be impossible to achieve an increase here for the fourth quarter.

For Metanor your initial calculations are correct. They produced 4,692 ounces for the quarter, of which Sandstorm receives 20%. That is 938 ounces. However, Sandstorm also received 512 ounces in the third quarter which you appear to have missed. Therefore a surplus from Bachelor is much lower than your expectations.

Just like we had with Luna and Brigus in the past, when production starts rising, the gap between Sandstorms share and the actual deliveries per quarter is increasing. Therefore I expect a further negative discrepancy in the numbers from Brigus, Metanor and Rambler, who all boosted their production numbers in the fourth quarter. But who cares about this discrepancy, as long as the underlying production continues rising.

Bullboard Posts