RE:longs here"has sand ever lost a 60 million dollar deal before?"
Are you joking?...No offense, but you need to do a little DD of your own before you start posting stuff like that if you don't want to be seen as a basher, regardless of what you claim.
But to answer your question: No, this would indeed be a first. The Gold side of the business has been nearly impeccable so far, despite management's indisputably abysmal record on the M&E side. Much of it can be chalked up to bad luck with the water issues at CSI, but the criticisms of some posters re over-reaching and premature dealmaking certainly have merit.
I continue to believe SAND will be very profitable in the long run, and wish I had the funds to a average down more than I already have. Aurizona, Black Fox and Bachelor Lake are all very profitable streams, and Serra Pelada - although a flagship property - was expected to make up only 15% of production in 2016. By that time I expect it will be more than made up for with new deals, provided management continues with the caution it seems to be exhibiting of late.