GREY:STTYF - Post by User
Post by
thasison Nov 05, 2013 6:03pm
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Post# 21879001
2013 Q3 Report from Sandstorms site
2013 Q3 Report from Sandstorms site Third Quarter Summary
- Converted the copper stream on the Bracemac-McLeod Mine into a 2.4% net smelter return royalty (NSR) based on 100% of the production from the mine.
- $0.4 million in royalty revenue was received during the third quarter from the Bracemac-McLeod NSR.
- Net loss of $6.6 million primarily attributable to a non-cash impairment charge of $6.3 million related to the conversion of the Bracemac-McLeod copper stream into a NSR.
https://sandstormmetalsandenergy.com/news/release/index.php?content_id=286