Sandstorm Gold Ltd T.SSL

25 Million!!

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Great news!

• Record attributable gold equivalent ounces sold of 49,731 ounces (FY 2015 - 45,146 ounces); 
• -- Revenue of $62.4 million (FY 2015 - $52.7 million); 
• -- Average cash cost per attributable gold equivalent ounce of $258 resulting in cash operating margins of $996 per ounce (FY 2015 - $300 per ounce and $867 per ounce respectively); -- Operating cash flow of $39.0 million (FY 2015 - $30.8 million); 
• -- Net income of $25.3 million (FY 2015 - $43.1 million loss); and 
• -- The Company acquired a royalty portfolio consisting of 52 royalties from Teck Resources Limited and its affiliates (the "Teck Royalty Package") for consideration of $16.8 million, of which $1.4 million was paid in cash and $15.4 million in common shares of the Company. The transaction provides asset diversification; immediate cash flow and significant cash flow growth potential with estimated cash flow of over $10 million per year over the long term.

 

- SUBSEQUENT EVENTS

 

• On February 1, 2017, Luna Gold Corp. ("Luna Gold" or "Luna") announced a merger with JDL Gold Corp. ("JDL Gold"), which if completed will create a multi-asset mining company with more than $70 million in cash. This would place the newly merged company in a position to advance the Aurizona gold project wherein Sandstorm holds a 3% to 5% sliding scale NSR royalty. Concurrent with the closing of the transaction, the term debt facility that is owed by Luna to Sandstorm, in the amount of $20 million plus accrued interest, is expected to be settled in equity, or a combination of cash and equity of the newly combined entity.