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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 SN3165on Dec 19, 2013 3:13pm
451 Views
Post# 22023988

RE:RE:Wonder what Sandstorm's "concession" will be

RE:RE:Wonder what Sandstorm's "concession" will beHello,

The info. is provided on Colossus website. Basically it is a reduction in the stream percentage until mid- 2015, based on how much capital Colossus has.  I agree that this is good news but the deferral  of the payment on the notes until 2015 NEEDS to pass at the January meeting.
---

"In connection with the Financing, the Company and other stakeholders have been negotiating 
with Sandstorm in respect of certain concessions, the exact terms of which will be reflected in the terms  of an agreement to amend the Sandstorm Agreement (the “Sandstorm Amendment Agreement”).

The  Sandstorm Amendment Agreement is expected to provide that the stream payments (i.e. the respective percentages of gold, platinum and palladium derived from production from the Serra Pelada Mine) deliverable to Sandstorm under the Sandstorm Agreement will be reduced from time to time by amounts that correspond to the amounts added from time to time to the Company’s stated capital account between  December 31, 2013 and June 30, 2015."

"For example, for the first US$30 million added to Colossus’ stated capital account between 
December 31, 2013 and June 30, 2015, stream payments to Sandstorm will be reduced by US$0.75 for 
each dollar added to the stated capital account, to a maximum aggregate reduction of US$22.5 million. ""

https://www.colossusminerals.com/files/doc_downloads/doc_circular/Colossus%20Noteholder%20Circular.pdf
Bullboard Posts