Sandstorm Gold

Sandstorm Gold Ltd.
Public
Traded as AMEX: SAND
TSX: SSL
Industry Mining
Founder Nolan Watson, David Awram
Headquarters Vancouver, British Columbia, Canada
Services Financial
Number of employees
 12
Website www.sandstormgold.com

Sandstorm Gold Ltd. (formerly Sandstorm Resources)[1] provides financing for precious metal mining companies in the form of a 'gold streaming' transaction whereby an upfront cash payment is exchanged for a percentage of gold production from the mine.[2] The finance model has also been called a volumetric production payment transaction and originated in the oil and gas sector.[3]

In April 2017 Sandstorm announced it had reached an agreement to acquire Mariana Resources in a share and cash acquisition valuing Mariana at US$4.04 per share. The business combination would create a mid-tier streaming company with 155 streams and royalties. [4]

In Q1 2017 Sandstorm reported record gold equivalent sales of 15,558 ounces, generating revenue of $18.8 million and a net income of $7.0 million. [5]

History

Sandstorm Resources (now Sandstorm Gold)[1] was founded in 2008, when Nolan Watson and David Awram decided to create a metal streaming company that would be focused on gold acquisitions.[6] Both Watson and Awram were former employees of Silver Wheaton, the first organization to apply this financial model to the mining industry.[7] Sandstorm Gold is a publicly traded company, listed on the Toronto Venture Exchange under the symbol, SSL.[8]

Sandstorm plans to grow and diversify through the acquisition of additional gold streams.[9]

Royalties & Streams

In Q1 2017 Sandstorm acquired 22 new net smelter return royalties for US$1.9 million. The Company completed transactions with multiple junior mining companies including Kivalliq Energy, Evrim Resources, Tower Resources, Copper Fox Metals, Millrock Resources and Condor Resources. [10]

Management and directors

  • Nolan Watson, Chairman, President & Chief Executive Officer
  • David Awram, Senior Executive Vice President and Director
  • Erfan Kazemi, Chief Financial Officer
  • Ron Ho, Vice President of Finance
  • Andrew T. Swarthout, Director; President and Director of Bear Creek Mining
  • John P. A. Budreski, Director; President, Chief Executive Officer and Director of Morien Resources Corp.
  • David E. DeWitt, Director; Chairman of Pathway Capital Ltd.[11]

References

  1. 1 2 "Sandstorm Resources Announces Name Change to Sandstorm Gold". marketwire.com. February 17, 2011.
  2. ↑ "Commodity Flow-Nolan Watson is streaming a lot of business for two companies named Sandstorm". Financial Post Magazine. September 13, 2011.
  3. ↑ "What Does Volumetric Production Payment - VPP Mean?". investopedia.com. April 2008.
  4. ↑ "Sandstorm Gold and Mariana Resources Announce Combination to Create Leading Mid-Tier Streaming Company". www.juniorminingnetwork.com. Retrieved 2017-04-26.
  5. ↑ "Sandstorm Gold Announces Q1 2017 Results". www.juniorminingnetwork.com. Retrieved 2017-05-09.
  6. ↑ "Sandstorm Resources and the Gold Royalty Model". The Midas Letter. June 2009. Archived from the original on 2010-03-30.
  7. ↑ "The Silver Wheaton Success Story". The Northern Miner. February 1–7, 2010.
  8. ↑ "A Metal Stream Company 100% Exposed to the Gold Price". Paradigm Capital Market Report. August 26, 2009.
  9. ↑ "Welcome to Sandstorm". Sandstormltd.com. April 2014.
  10. ↑ "Sandstorm Gold Acquires 22 Royalties During Q1 2017". www.juniorminingnetwork.com. Retrieved 2017-03-24.
  11. ↑ "Sandstorm Management & Directors". sandstormltd.com/. March 2014.

Articles

  • Case, John (August 26, 2009). "A Metal Stream Company 100% Exposed to the Gold Price". Paradigm Capital Initiation Report.
  • Curic, Anthona D. (March 11, 2010). "Precious Metals: Gold". Versant Partners - Sector Report.
  • Korstrom, Glen (January 2–8, 2007). "2006 BiV Forty under 40 Winners - B.C.'s brightest young business stars totally exposed". Business In Vancouver. Archived from the original on 2011-07-18.
  • McRae, Michelle (January 2003). "The 2002 UFE Medallists". Beyond Numbers.
  • McRae, Michelle (June 2009). "Early Achievement Award Winners". Beyond Numbers.
  • Moritsugu, John (April 14, 2010). "Sandstorm Targets More Than Precious Metals". Dow Jones News Service.
  • O'Keefe, Matthew (April 1, 2010). "Full Stream Ahead". Cormark Securities Inc.
  • Roulston, Lawrence (December 2009). "Year End Quarterly Review". Lawrence Roulston's Resource Opportunities.
  • West, James (June 25, 2009). "Sandstorm Resources and the Gold Royalty Model". Midas Letter. Archived from the original on March 30, 2010.
  • Nagle, Shane (February 24, 2011). "Taking The Royalty Space By Storm". National Bank Financial Equity Research.
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