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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 zentrarianNZon Jul 11, 2014 4:02am
408 Views
Post# 22735620

RE:Actively pursuing new deals now for last 6-10 weeks

RE:Actively pursuing new deals now for last 6-10 weeksWe'd all like to see a new deal tomorrow, but you're reading too much into Denver's statement. 4-6 weeks is the typical closing time. "Actively pursuing new deals" only means they have serious prospects in the pipeline, it doesn't necessarily mean they will be closing any in the immediate future.

Personally, I think Watson showed good business sense by waiting until conditions (for lenders) improved. I suspect that prospective partners are beginning to begrudgingly accept that they must move forward with their projects now if they want to take advantage of the rising gold price, and not wait any longer for the (dubious) prospect of getting better terms. In other words, they are getting real.

We could all do the same, by appreciating the enormous amount of work that goes into deal-making and building a company like Sandstorm. I'm feeling as impatient as everyone else, because a streaming company must continually grow. But it isn't the number of deals that matter, it's the quality.

Remember, Sandstorm's first deal - Luna - is still by far its most profitable. A couple more deluges like that and I think we would all forgive any interim droughts.




Bullboard Posts