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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
Post by michanson Apr 17, 2013 10:39pm
395 Views
Post# 21268659

Sand streams stopping production

Sand streams stopping production

As has been mentioned in the past, dealing with Mr. Denver Harris is a pleasure which in my opinion speaks very positively on the company.  My concern was at what price would the Sand streams begin to cease/ slow down production.

 

His Response:

Fortunately for Sandstorm shareholders, one of the key criteria that we look for when evaluating streaming transactions is whether the mine will be a low-cost producer. With the gold price at $1,350 per ounce, none of our streaming partners are in jeopardy of discontinuing production. Having said that, if the price of gold stays at $1,350 per ounce or goes lower, you will see companies revising their spending budgets and postponing expansion programs.  

 

As long as they are producing we shall have Gold to sell.

 

GLTA

I picked up a little today as well.  Still sleeping soundly at night...

Bullboard Posts