Sandstorm Gold

Published : January 27th, 2015

Announces 10 Royalty Agreements

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment



 

Sandstorm Gold Ltd.
 
   
 

Vancouver, British Columbia � January 12, 2014 Sandstorm Gold Ltd. (�Sandstorm� or the �Company�) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has entered into 10 royalty agreements on properties in Africa and the USA. A summary of the royalties is listed below:

Project Name
Location
Royalty Terms
Bombor�
Burkina Faso, Africa
0.45%-1.2% NSR
Akorade
Ghana, Africa
1.0% NSR
Bellview
Nevada, USA
0.5% NSR
East Walker
Nevada, USA
1.0% NSR
Hot Pot
Nevada, USA
0.5% NSR
Horsethief
Nevada, USA
1.0% NSR
Fri Gold
Nevada, USA
0.5% NSR
Kobeh
Nevada, USA
0.5% NSR
Ashby
Nevada, USA
1.0% NSR
Columbia
Nevada, USA
1.0% NSR

�The additional royalties provide Sandstorm with long-term exposure to a number of high quality assets with a relatively small capital outlay,� said Sandstorm�s President and CEO, Nolan Watson. �We now have a total of 56 streams and royalties and we are focused on deploying our available capital of over US$165 million into additional transactions that will grow our future production and cash flow.�

� BOMBOR� ROYALTY

Sandstorm has completed a royalty agreement with Orezone Gold Corp. (�Orezone�) (TSX: ORE) to provide up to US$8.0 million in financing to advance its Bombor� Project in Burkina Faso, West Africa (�Bombor�). Sandstorm will deliver US$3.0 million upfront to acquire a 0.45% net smelter returns (�NSR�) royalty on Bombor� (the �Upfront Royalty�) and has committed to an additional US$5.0 million in royalty financing, available to Orezone on a drawdown basis for a period of two years (the �Standby Royalty�). Orezone can access the Standby Royalty in the following three tranches:

  • US$1 million for a 0.15% NSR;
  • US$1 million for a 0.15% NSR; and
  • US$3 million in cash or shares for a 0.45% NSR.

Sandstorm has a right of first refusal (�ROFR�) on any future stream or royalty financings related to the Bombor� Project until 36 months following the achievement of commercial production at the mine.

Orezone has the option to repurchase the Upfront Royalty from Sandstorm for a period of 36 months, at a premium of 10% per year up to a maximum of 30%. The Standby Royalty can also be repurchased at a premium of 10% per year if Orezone completes a gold stream financing and Sandstorm participates for no less than US$30 million.

Orezone's 168 km2 Bombor� project is the largest undeveloped oxide gold deposit in Burkina Faso, containing 4.6 million ounces of measured and indicated gold resources (2.0 million ounces of oxide resources and 2.6 million ounces of sulfide resources). Gold resources occur at surface in several zones along an 11 kilometre strike length. Resources are open at depth and the average drilling depth to date is about 120 metres below surface.

The gold mineralization occurs within the main Bombor� shear zone and is associated with silica, sulphide and carbonate-albite-tourmaline-biotite alteration as well as arrays of quartz veins and veinlets. Gold is free and mainly associated with minor pyrite, chalcopyrite and arsenopyrite disseminations and stringers.

The Bombor� project is located 85 kilometres east of the capital city of Ouagadougou and is adjacent to the national paved highway. The available infrastructure includes a high voltage power line nearby, access to sufficient water and a local labor force. Orezone is currently working towards the completion of a Feasibility Study and intends to apply for a mining permit during the first half of 2015.

Mineral Resource Statement*

Category
Cut-off
Measured
Indicated
Inferred
Quantity
Grade
Contained
Quantity
Grade
Contained
Quantity
Grade
Contained
Au
(gpt)
(000'
tonnes)
Au
(gpt)
Au
(000'oz)
(000'
tonnes)
Au
(gpt)
Au
(000'oz)
(000'
tonnes)
Au
(gpt)
Au
(000'oz)
North
 
 
 
 
 
 
 
 
 
 
Laterite/Oxide
0.45
13,572
0.95
417
14,202
0.82
375
2,042
0.88
57
Transitional
0.45
9,221
0.93
275
5,837
0.92
173
788
1.00
25
Fresh
0.50
22,036
1.00
711
11,977
1.29
497
4,418
1.63
232
Sub-total
 
44,829
0.97
1,402
32,016
1.02
1,046
7,247
1.35
315
South
 
 
 
 
 
 
 
 
 
 
Laterite/Oxide
0.45
8,106
0.94
246
4,532
0.86
125
1,657
0.89
48
Transitional
0.45
7,488
0.89
214
2,967
0.96
92
1,345
0.96
41
Fresh
0.50
20,577
1.02
674
15,258
1.19
584
5,457
1.26
222
Sub-total
 
36,170
0.98
1,134
22,756
1.10
801
8,460
1.14
311
Southeast
 
 
 
 
 
 
 
 
 
 
Laterite/Oxide
0.45
244
1.33
10
365
1.05
12
301
0.97
9
Transitional
0.45
254
1.53
12
337
0.97
11
235
0.97
7
Fresh
0.50
1,529
1.44
71
1,316
1.43
61
2,177
1.15
81
Sub-total
 
2,027
1.44
94
2,018
1.28
83
2,713
1.12
97
Combined
 
 
 
 
 
 
 
 
 
 
Laterite/Oxide
0.45
21,921
0.95
673
19,099
0.84
513
4,000
0.89
115
Transitional
0.45
16,962
0.92
502
9,141
0.94
275
2,368
0.97
74
Fresh
0.50
44,142
1.03
1,456
28,551
1.24
1,142
12,053
1.38
534
Total
 
83,026
0.99
2,631
56,791
1.06
1,930
18,421
1.22
723

*Mineral resources are not mineral reserves and do not have a demonstrated economic viability. All figures have been rounded to reflect the relative accuracy of the estimates.

Pascal Marquis, Ph.D., P. Geo, is Orezone�s Senior Vice President and a Qualified Person as defined by National Instrument 43-101 (�NI 43-101�). Dr. Marquis has reviewed and approved the technical information related to Bombor� in this press release.

� AKORADE ROYALTY

Sandstorm has completed a royalty agreement with Castle Peak Mining Ltd. (�Castle Peak�) (TSX-V:CAP) on its Akorade Project in Ghana, West Africa (�Akorade�). Sandstorm delivered CAD$1.15 million upfront to acquire a 1% NSR royalty on Akorade, excluding the Bonsaso license. The Company has a ROFR on any future stream or royalty financings related to Akorade.

The Akorade project consists of nine concessions in the Ashanti gold belt covering approximately 225 km2 near the regional mining centre of Tarkwa. A main road runs through the property and Castle Peak has access to grid power from all concessions. Castle Peak recently published an inferred mineral resource based on a single shoot on the Apankrah structure and plans to continue exploration along this structure and on parallel structures in order to increase the resource. Recent drill result highlights included intersections of 4 metres of 22.8 gpt gold and 7 metres of 7.0 gpt gold. Initial metallurgical testwork on assay samples has resulted in greater than 97% recovery using gravity and carbon-in-leach processes with 85% recovery in a gravity concentrate. Castle Peak will use the resource estimation and metallurgical testing as a basis for a Preliminary Economic Assessment.

Darren Lindsay, P. Geo, is Castle Peak�s President and CEO and a Qualified Person as defined by NI 43-101. Mr. Lindsay has reviewed and approved the technical information related to Akorade in this press release.

� NEVADA ROYALTIES

Sandstorm has acquired 8 royalties on early-staged projects in Nevada, USA in a transaction with Tarsis Resources Ltd.. (TSXV:TCC). The Company also has a ROFR on any future stream or royalty agreements related to the Nevada properties. A brief description and location of the projects is listed below:

  • Bellview � Carlin Style gold in White Pine County
  • East Walker � High-sulphidation epithermal gold in Lyon County
  • Hot Pot � Carlin style gold in Lander County
  • Horsethief � Carlin Style gold in Lincoln County
  • Fri Gold � Gold bearing porphyry/epithermal system in Nye County
  • Kobeh � Carlin style gold in Eureka County
  • Ashby � Mesothermal gold in Mineral County
  • Columbia � Quartz veins with gold and arsenopyrite in Humboldt County
 
 

ABOUT SANDSTORM GOLD

Sandstorm Gold Ltd. is a gold streaming company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives a gold streaming agreement. A gold stream gives Sandstorm the right to purchase a percentage of the gold produced from a mine, for the life of the mine, at a fixed price per ounce. Sandstorm has acquired a portfolio of ten streams and forty-six royalties, of which fourteen of the underlying mines are producing gold. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional streams and royalties.

For more information visit: www.sandstormgold.com
 
 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

 
 

This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm Gold Ltd. (�Sandstorm�). Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, realization of mineral reserve estimates, and the timing and amount of estimated future production. Forward-looking statements can generally be identified by the use of forward-looking terminology such as �may�, �will�, �expect�, �intend�, �estimate�, �anticipate�, �believe�, �continue�, �plans�, or similar terminology.

Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm will operate in the future, including the price of gold and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold Sandstorm will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.

Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled �Risks to Sandstorm� in Sandstorm�s annual report for the financial year ended December 31, 2013 available at www.sedar.com. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Sandstorm does not undertake to update any forward looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.

 
 

CONTACT INFORMATION

 
 
Nolan Watson
Chief Executive Officer
604-689-0234


Denver Harris
Investor Relations
604-628-1178


 



Data and Statistics for these countries : Burkina Faso | Ghana | All
Gold and Silver Prices for these countries : Burkina Faso | Ghana | All

Sandstorm Gold

PRODUCER
CODE : SSL.TO
CUSIP : 800132 10 2
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Sandstorm Gold is a gold royalty company based in Canada.

Its main asset in production is BLACK FOX in Canada, its main asset in development is AURIZONA in Brazil and its main exploration properties are ELSIAR (LCR) and BACHELOR LAKE / HEWFRAN in Canada.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Sandstorm Gold
6/28/2016Announces Bought Deal Financing
10/27/2015Announces Bought Deal Financing
2/21/2014Provides Warrant Exercise Instructions
Nominations of Sandstorm Gold
8/16/2011Announces the Appointment of Erfan Kazemi as Chief Financial...
Financials of Sandstorm Gold
5/5/2016Announces First Quarter Results
3/30/2016Announces Fourth Quarter and Annual Results
11/12/2015Announces Third Quarter Results
8/1/2013Announces Second Quarter Results
2/19/2013Announces Fourth Quarter and Annual Results
7/26/2012Reports Record Gold Sales and Operating Cash Flow in Q2, 201...
5/3/2012Recognizes Record Gold Sales and Operating Cash Flow of US$9...
3/16/2012Recognizes Record Gold Sales in the Fourth Quarter
Project news of Sandstorm Gold
2/25/2014Exercises Underground Mine Option at Santa Elena
1/15/2014(Aurizona)Announces Recommencement of Mine Operations at Aurizona
4/9/2013(Aurizona)Announces Increase toAurizona?sProven and Probable Mineral R...
1/29/2013Announces the Acquisition of Common Shares and Warrants of P...
2/22/2012Provides Operations Update For the Ming Mine and the Bachelo...
3/30/2011(Black Fox)Announces the Completion of Underground Construction at Brig...
3/14/2011Announces Final Construction Approval for the Ming Mine has ...
2/9/2011(Aurizona)Announces Commercial Production At Luna Gold'S Aurizona Gold...
Corporate news of Sandstorm Gold
7/26/2017Provides Development and Exploration Updates on Royalty Asse...
7/29/2016Sandstorm Gold To Release Second Quarter Results On August 3
7/7/2016Sandstorm Gold Announces 12,500 Gold Equivalent Ounces In Q2...
7/6/2016Sandstorm Gold Announces Closing Of Bought Deal Financing
6/27/2016Sandstorm Gold Announces Bought Deal Financing
6/8/2016Sandstorm Gold Provides Corporate Update
5/5/2016Sandstorm Gold Announces First Quarter Results
4/6/2016Sandstorm Gold Sells Stake in Aurico Metals for Proceeds of ...
3/31/2016Sandstorm Gold Announces 11,000 Gold Equivalent Ounces in Q1...
3/30/2016Sandstorm Gold Announces Fourth Quarter and Annual Results
1/19/2016Sandstorm Gold Announces Agreement to Acquire 56 Royalties f...
11/3/2015Sandstorm Gold Announces Closing Of Bought Deal Financing
10/27/2015Yamana Gold raises $152 mln to pay off credit facility
10/27/2015Sandstorm Gold Announces Bought Deal Financing
10/27/2015Sandstorm Gold Announces Multi-Asset Stream Transaction With...
10/27/2015IIROC Trade Resumption - SSL
10/27/2015IIROC Trading Halt - SSL
10/24/2015Sandstorm Gold Provides Asset Updates
10/23/2015Sandstorm Gold Provides Asset Updates
9/15/2015Sandstorm Gold Files Early Warning Report
9/9/2015Sandstorm Gold Provides Asset Updates
9/3/2015Edited Transcript of SSL.TO earnings conference call or pres...
8/20/2015Sandstorm Gold Files Preliminary Shelf Prospectus
8/12/2015Sandstorm Gold Files Early Warning Report
7/30/2015Sandstorm Gold Announces Record Production in Second Quarter
7/27/2015Sandstorm Gold Files Early Warning Report
7/27/2015Files Early Warning Report
4/2/2015Sandstorm Gold Provides Corporate Update
3/23/2015Acquires Royalty on Diavik Diamond Mine
3/23/2015Sandstorm Gold Acquires Royalty on Diavik Diamond Mine
3/20/2015Sandstorm Gold Announces Restructuring with Luna Gold
3/20/2015Luna Gold Announces Restructuring of Sandstorm Stream Agreem...
3/19/2015Sandstorm Gold Announces Fourth Quarter and Annual Results
3/13/2015Sandstorm Gold to Release Fourth Quarter and Annual Results ...
2/23/2015Sandstorm Gold Announces 2014 Production, Provides Corporate...
2/18/2015Sandstorm Gold Announces Agreement to Acquire Gold Royalties
11/13/2014Sandstorm Gold posts 3Q profit
1/14/2014Announces Colossus Restructuring
1/14/2014(Aurizona)Announces Temporary Suspension of Mine Operations at Aurizon...
12/6/2013Provides Update on Serra Pelada
11/5/2013Announces Record Gold Sales in Third Quarter 2013
11/1/2013to Release Third Quarter Results on November 5
10/4/2013Announces Closing of Premier Royalty Acquisition
10/1/2013Announces Voting Results From Premier Royalty Special Meetin...
8/14/2013Announces Agreement to Acquire Premier Royalty
7/16/2013Provides Development Update on Serra Pelada
5/10/2013Releases Voting Results from Annual and Special Meeting
5/9/2013Announces Record Revenue in Q1, 2013
3/14/2013(Aurizona)Announces Resource Update at LunaGold?sAurizona Mine
2/15/2013Announces Metal Credit Purchase Agreement with Entr=E9e Gold
2/11/2013Announces Credit Facility Upsize to US$100 Million
1/15/2013Appoints Tom Bruington as Executive Vice President, Project ...
10/31/2012to Receive US$24.4 Million from Brigus Gold
10/25/2012Reports Record Revenue in Q3, 2012
10/23/2012To Release Third Quarter Results On October 25
9/19/2012Agrees to Purchase Precious Metals From Colossus Minerals
9/10/2012(Aurizona)Announces US$10 Million Contribution to LunaGold?sAurizona E...
7/21/2012To Release Second Quarter Results On July 26
7/13/2012Announces Bulk Sample Results from Bachelor Lake
7/7/2012Announces Commercial Permit At Bachelor Lake And Provides Sa...
6/12/2012Acquires NSR Royalty From Solitario and Ely Gold
5/9/2012Announces Effective Date of Share Consolidation
5/4/2012Announces Shareholder Approval of Share Consolidation
5/1/2012To Release First Quarter 2012 Results on May 3
4/5/2012Announces Proposed Share Consolidation
3/21/2012(Black Fox)Provides Operations Update For Black Fox
1/12/2012Announces New US$50 Million Revolving Credit Facility
12/15/2011Announces That Rambler's Ming Mine Is Now In Production
7/14/2011Announces Commercial Production at Silvercrest's Santa Elena...
7/13/2011Acquires a Gold Stream on the Xstrata Operated Bracemac-McLe...
7/5/2011(Aurizona)Provides a Production Update for Luna Gold's Aurizona Mine
6/28/2011(Aurizona)Announces 44 Metres of 4.94 g/t and a Drill Program Extensio...
6/6/2011(Aurizona)Announces 48 Metres of 3.29 g/t at Luna Gold's Aurizona Mine
4/18/2011(Aurizona)Announces 55 Metres of 4.15 g/t at Luna Gold's Aurizona Mine
4/12/2011Adopts Shareholder Rights Plan
2/17/2011Announces Name Change To Sandstorm Gold
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (SSL.TO)NYSE (SAND)
8.17-2.27%6.00-2.44%
TORONTO
CA$ 8.17
09/18 17:00 -0.190
-2.27%
Prev close Open
8.36 8.33
Low High
8.14 8.47
Year l/h YTD var.
5.37 -  8.51 23.98%
52 week l/h 52 week var.
5.37 -  8.51 20.32%
Volume 1 month var.
468,132 8.36%
24hGold TrendPower© : -10
Produces Gold
Develops Gold
Explores for Copper - Gold - Molybdenum
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.08+0.50%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-3.26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.