SANDSTORM GOLD -- ehemals --Sandstorm Resources (Seite 12)
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Sandstorm Gold Royalties Announces Second Quarter Sales Numbers
VANCOUVER, July 3, 2018 /CNW/ - Sandstorm Gold Ltd. (dba Sandstorm Gold Royalties, "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,450 attributable gold equivalent ounces1 during the second quarter of 2018. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
VANCOUVER, July 3, 2018 /CNW/ - Sandstorm Gold Ltd. (dba Sandstorm Gold Royalties, "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,450 attributable gold equivalent ounces1 during the second quarter of 2018. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
Progress Minerals Announces $10M Equity Financing, Strategic Investment by Sandstorm and 100% Acquisition of Bobosso Project
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia (FSCwire) - Progress Minerals Inc. (“Progress” or the “Company”) is pleased to provide the following updates to its shareholders regarding financing plans and strategic initiatives underway by the Company.
Highlights:
Raising up to C$10,000,000 in a non-brokered private placement;
Strategic equity and royalty investments secured with Sandstorm Gold Royalties and another royalty party totalling C$5,000,000;
100% acquisition of the Bobosso project in Côte d’Ivoire.
Progress has commenced a non-brokered private placement of up to C$10,000,000 in gross proceeds through the sale of up to 40,000,000 common shares of the Company priced at C$0.25 per common share (the “Offering”).
In connection with the Offering, Sandstorm Gold Royalties (“Sandstorm”) has agreed to subscribe for 10,000,000 common shares representing an investment of C$2,500,000. In exchange for this commitment, Sandstorm will receive a 1% NSR covering Progress’ current portfolio of mineral properties in Burkina Faso and Côte d’Ivoire, as well as a right-of-first-refusal on any future royalty and metal stream sales undertaken by the Company. In additional to the Sandstorm commitment, a second royalty company has committed to invest alongside Sandstorm on the same terms (including receiving a 1% NSR), bringing the total strategic investment commitments to C$5,000,000 as part of the Offering.
The net proceeds from the Offering shall be used for exploration activities in Burkina Faso and Côte d’Ivoire, payment of the upfront consideration with respect to the Bobosso acquisition and for general corporate purposes.
The Company reserves the right to adjust the size of the Offering at any time. The common shares issued pursuant to the Offering will be subject to a statutory four month and one day hold period. A finder’s fee equal to 8% may be payable in connection with the Offering to eligible finders for subscriptions from arm’s length purchasers. Progress intends to complete the Offering on or about June 29, 2018.
Progress is also pleased to announce that it has signed a binding memorandum of understanding (the “MOU”) with Predictive Discovery Ltd. (“Predictive”) and West African Venture Investment LLC (“WAVI”) pursuant to which Progress will acquire a 100% interest in the Bobosso project in Côte d’Ivoire. The terms of the MOU provide that Progress will make an upfront payment of C$1,150,000 in cash and potential bonus payments tied primarily to the achievement of production on up to a maximum of three mine developments. Bonus payments will be set at US$10 per ounce of gold within a proven and probable reserve and will accrue no earlier than the point in time when Progress has completed a bankable feasibility study and received a mining license. Progress has the flexibility to satisfy bonus payments through the issuance of common shares, subject to certain conditions. The completion of the Bobosso purchase is subject to a number of conditions and is expected to be completed on or prior to August 31, 2018.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia (FSCwire) - Progress Minerals Inc. (“Progress” or the “Company”) is pleased to provide the following updates to its shareholders regarding financing plans and strategic initiatives underway by the Company.
Highlights:
Raising up to C$10,000,000 in a non-brokered private placement;
Strategic equity and royalty investments secured with Sandstorm Gold Royalties and another royalty party totalling C$5,000,000;
100% acquisition of the Bobosso project in Côte d’Ivoire.
Progress has commenced a non-brokered private placement of up to C$10,000,000 in gross proceeds through the sale of up to 40,000,000 common shares of the Company priced at C$0.25 per common share (the “Offering”).
In connection with the Offering, Sandstorm Gold Royalties (“Sandstorm”) has agreed to subscribe for 10,000,000 common shares representing an investment of C$2,500,000. In exchange for this commitment, Sandstorm will receive a 1% NSR covering Progress’ current portfolio of mineral properties in Burkina Faso and Côte d’Ivoire, as well as a right-of-first-refusal on any future royalty and metal stream sales undertaken by the Company. In additional to the Sandstorm commitment, a second royalty company has committed to invest alongside Sandstorm on the same terms (including receiving a 1% NSR), bringing the total strategic investment commitments to C$5,000,000 as part of the Offering.
The net proceeds from the Offering shall be used for exploration activities in Burkina Faso and Côte d’Ivoire, payment of the upfront consideration with respect to the Bobosso acquisition and for general corporate purposes.
The Company reserves the right to adjust the size of the Offering at any time. The common shares issued pursuant to the Offering will be subject to a statutory four month and one day hold period. A finder’s fee equal to 8% may be payable in connection with the Offering to eligible finders for subscriptions from arm’s length purchasers. Progress intends to complete the Offering on or about June 29, 2018.
Progress is also pleased to announce that it has signed a binding memorandum of understanding (the “MOU”) with Predictive Discovery Ltd. (“Predictive”) and West African Venture Investment LLC (“WAVI”) pursuant to which Progress will acquire a 100% interest in the Bobosso project in Côte d’Ivoire. The terms of the MOU provide that Progress will make an upfront payment of C$1,150,000 in cash and potential bonus payments tied primarily to the achievement of production on up to a maximum of three mine developments. Bonus payments will be set at US$10 per ounce of gold within a proven and probable reserve and will accrue no earlier than the point in time when Progress has completed a bankable feasibility study and received a mining license. Progress has the flexibility to satisfy bonus payments through the issuance of common shares, subject to certain conditions. The completion of the Bobosso purchase is subject to a number of conditions and is expected to be completed on or prior to August 31, 2018.
Sandstorm Gold Ltd (TSX: SSL) takes 17.3% ownership stake in Nexus
Vancouver, Canada / TheNewswire / May 24, 2018 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is pleased to announce that it has closed its non-brokered private placement (the "Private Placement") of 20,027,123 units (each, a "Unit"), at a price of $0.15 per Unit, for gross proceeds of $3,004,068. Each Unit consists of one common share of the Company, and one-half-of-one common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant is exercisable to acquire one additional common share of the Company at a price of $0.25 per share for a period of twelve months.
The Private Placement was fully-subscribed, and due to strong demand, the Company intends to complete a further offering (the "Follow-On Private Placement") of up to 6,000,000 units (each, a "Follow-On Unit"), at a price of $0.25 per Follow-On Unit, for gross proceeds of up to $1,500,000. Each Follow-On Unit will consist of one common share of the Company, and one common share purchase warrant (each, a "Follow-On Warrant"). Each Follow-On Warrant will be exercisable to acquire one additional common share of the Company at a price of $0.35 per share for a period of twelve months from the date of issue. Completion of the Follow-On Private Placement remains subject to the approval of the TSX Venture Exchange.
In connection with completion of the Private Placement, the Company has paid cash commissions of $113,954.46, and issued 759,696 share purchase warrants (each, a "Finders' Warrant") to certain persons who have introduced subscribers to the Company. Each Finders' Warrant is exercisable to acquire an additional common share of the Company on the same terms as the Warrants comprising the Units. All securities issued in connection with the Private Placement are subject to a four-month-and-one-day statutory hold period.
Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm Gold Ltd. (TSX: SSL) ("Sandstorm") acquired an aggregate of 6,000,000 common shares of Nexus and 3,000,000 Warrants through the Private Placement.
With the acquisition Sandstorm now holds an approximately 17.3% of the outstanding common shares. Sandstorm is only entitled to exercise, from time to time, such number of Warrants held by it such that, after the applicable exercise, the number of common shares of Nexus then owned by Sandstorm and its affiliates shall not exceed 19.99% of the then issued and outstanding shares.
The acquisition by Sandstorm was effected for investment purposes. Sandstorm may from time to time acquire additional securities of Nexus, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position. The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by Sandstorm on Nexus' SEDAR profile at www.sedar.com. In connection with completion of the Private Placement, the Company has agreed to grant to Sandstorm a 1.0% net smelter returns royalty on production from the Company's Bouboulou, Niangouela and Rakounga concessions.
Vancouver, Canada / TheNewswire / May 24, 2018 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is pleased to announce that it has closed its non-brokered private placement (the "Private Placement") of 20,027,123 units (each, a "Unit"), at a price of $0.15 per Unit, for gross proceeds of $3,004,068. Each Unit consists of one common share of the Company, and one-half-of-one common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant is exercisable to acquire one additional common share of the Company at a price of $0.25 per share for a period of twelve months.
The Private Placement was fully-subscribed, and due to strong demand, the Company intends to complete a further offering (the "Follow-On Private Placement") of up to 6,000,000 units (each, a "Follow-On Unit"), at a price of $0.25 per Follow-On Unit, for gross proceeds of up to $1,500,000. Each Follow-On Unit will consist of one common share of the Company, and one common share purchase warrant (each, a "Follow-On Warrant"). Each Follow-On Warrant will be exercisable to acquire one additional common share of the Company at a price of $0.35 per share for a period of twelve months from the date of issue. Completion of the Follow-On Private Placement remains subject to the approval of the TSX Venture Exchange.
In connection with completion of the Private Placement, the Company has paid cash commissions of $113,954.46, and issued 759,696 share purchase warrants (each, a "Finders' Warrant") to certain persons who have introduced subscribers to the Company. Each Finders' Warrant is exercisable to acquire an additional common share of the Company on the same terms as the Warrants comprising the Units. All securities issued in connection with the Private Placement are subject to a four-month-and-one-day statutory hold period.
Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm Gold Ltd. (TSX: SSL) ("Sandstorm") acquired an aggregate of 6,000,000 common shares of Nexus and 3,000,000 Warrants through the Private Placement.
With the acquisition Sandstorm now holds an approximately 17.3% of the outstanding common shares. Sandstorm is only entitled to exercise, from time to time, such number of Warrants held by it such that, after the applicable exercise, the number of common shares of Nexus then owned by Sandstorm and its affiliates shall not exceed 19.99% of the then issued and outstanding shares.
The acquisition by Sandstorm was effected for investment purposes. Sandstorm may from time to time acquire additional securities of Nexus, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position. The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by Sandstorm on Nexus' SEDAR profile at www.sedar.com. In connection with completion of the Private Placement, the Company has agreed to grant to Sandstorm a 1.0% net smelter returns royalty on production from the Company's Bouboulou, Niangouela and Rakounga concessions.
ATON ANNOUNCES $2.1 MILLION FINANCING PACKAGE WITH SANDSTORM GOLD LTD AND CONCURRENT PRIVATE PLACEMENT FOR PROCEEDS UP TO $3.0 MILLION
Aton Resources Inc. it has signed a $2.1-million financing package with Sandstorm Gold Ltd., which includes the purchase of a royalty by Sandstorm and significant participation by Sandstorm in a $3-million private placement being undertaken by Aton.
The net proceeds from the royalty sale and the private placement will be used to finance continued exploration and development activities at Aton's Abu Marawat concession in Egypt.
Private placement highlights:
Non-brokered Private Placement Financing of up to 66,700,000 units (the "Units") at $0.045 per unit for total proceeds of up to $3,001,500.
Each Unit will consist of one common share in the capital of the Corporation and one half of one common share purchase warrant.
Each whole warrant will entitle the holder to acquire one additional common share for five years from the closing of the Private Placement at a price of $ 0.08 per common share.
The Private Placement will close on May 15, 2018, or such other date or dates as the Corporation may decide.
Securities issued pursuant to the Private Placement shall be subject to a restricted resale period of four months from closing.
Sandstorm Transaction
Sandstorm has agreed to subscribe for 40,000,000 Units for total proceeds of $1.8 million and to pay Aton $300,000 in consideration for it granting Sandstorm a 1% Net Smelter Royalty over the Abu Marawat Concession Area. Sandstorm has also agreed not to dispose of any Units for a minimum of twelve (12) months from the date of closing.
"We are extremely pleased to have attracted the interest of Sandstorm," said Mark Campbell, CEO of Aton. "Sandstorm is one of world's preeminent resource-focused royalty firms and I believe their involvement and partnership with Aton speaks to the quality of our team and our assets. These funds will help us to advance and unlock the value of the Abu Marawat concession. Right now, we are working toward preparing everything at Rodruin, which will be the focus at the start of the next drilling campaign. We have signed a drilling contract with Capital Drilling Ltd, to carry out our drilling program at Rodruin, along with some other areas within our concession area and they will mobilize their multi purpose rig into Rodruin after the Ramadan holiday."
Sandstorm's President and CEO Nolan Watson commented, "We are glad to be contributing to the next phase of exploration at Aton's Abu Marawat project. There are a number of high quality gold targets on the extensive land package and the Aton team is putting together a story that has district-scale potential."
All dollar amounts in this news release are in Canadian dollars. The Private Placement and the transaction with Sandstorm are subject to the final approval of the TSX Venture Exchange.
Activity update:
Access road construction is continuing at Rodruin, and it is estimated that the road will reach the main western workings before the Hamama Camp shuts down for the Ramadan break.
Preparation is underway to begin the drilling campaign at Rodruin and other selected areas at Abu Marawat. The Corporation has secured a rig from Capital Drilling and this has now been mobilized into Egypt. The drilling program will begin after the Ramadan holiday.
Laboratory testwork has been completed at the Soil Mechanics and Geotechnical Engineering Research Institute (Housing and Building National Research Centre) in Cairo on the geotechnical samples collected from the trial pits in the Wadi Um Salamat area for the Hamama West heap leach facility design work, and the final report received.
A short programme of excavator trenching has been completed at Hamama East to test for possible surface zones of Au and Zn oxide mineralisation. Samples have been dispatched to ALS Minerals in Romania, and results are expected soon.
A preliminary programme of surface sampling has been undertaken over the Zeno prospect area. Numerous significant ancient workings have been identified at the Zeno area, and visible gold has been identified from several samples. Samples have been dispatched to ALS Minerals in Romania, and results are expected soon.
Aton is working with Wardell Armstrong to complete its study in support of its declaration of commerciality at its Hamama project and expects this to be completed by the end of May as planned.
Aton Resources Inc. it has signed a $2.1-million financing package with Sandstorm Gold Ltd., which includes the purchase of a royalty by Sandstorm and significant participation by Sandstorm in a $3-million private placement being undertaken by Aton.
The net proceeds from the royalty sale and the private placement will be used to finance continued exploration and development activities at Aton's Abu Marawat concession in Egypt.
Private placement highlights:
Non-brokered Private Placement Financing of up to 66,700,000 units (the "Units") at $0.045 per unit for total proceeds of up to $3,001,500.
Each Unit will consist of one common share in the capital of the Corporation and one half of one common share purchase warrant.
Each whole warrant will entitle the holder to acquire one additional common share for five years from the closing of the Private Placement at a price of $ 0.08 per common share.
The Private Placement will close on May 15, 2018, or such other date or dates as the Corporation may decide.
Securities issued pursuant to the Private Placement shall be subject to a restricted resale period of four months from closing.
Sandstorm Transaction
Sandstorm has agreed to subscribe for 40,000,000 Units for total proceeds of $1.8 million and to pay Aton $300,000 in consideration for it granting Sandstorm a 1% Net Smelter Royalty over the Abu Marawat Concession Area. Sandstorm has also agreed not to dispose of any Units for a minimum of twelve (12) months from the date of closing.
"We are extremely pleased to have attracted the interest of Sandstorm," said Mark Campbell, CEO of Aton. "Sandstorm is one of world's preeminent resource-focused royalty firms and I believe their involvement and partnership with Aton speaks to the quality of our team and our assets. These funds will help us to advance and unlock the value of the Abu Marawat concession. Right now, we are working toward preparing everything at Rodruin, which will be the focus at the start of the next drilling campaign. We have signed a drilling contract with Capital Drilling Ltd, to carry out our drilling program at Rodruin, along with some other areas within our concession area and they will mobilize their multi purpose rig into Rodruin after the Ramadan holiday."
Sandstorm's President and CEO Nolan Watson commented, "We are glad to be contributing to the next phase of exploration at Aton's Abu Marawat project. There are a number of high quality gold targets on the extensive land package and the Aton team is putting together a story that has district-scale potential."
All dollar amounts in this news release are in Canadian dollars. The Private Placement and the transaction with Sandstorm are subject to the final approval of the TSX Venture Exchange.
Activity update:
Access road construction is continuing at Rodruin, and it is estimated that the road will reach the main western workings before the Hamama Camp shuts down for the Ramadan break.
Preparation is underway to begin the drilling campaign at Rodruin and other selected areas at Abu Marawat. The Corporation has secured a rig from Capital Drilling and this has now been mobilized into Egypt. The drilling program will begin after the Ramadan holiday.
Laboratory testwork has been completed at the Soil Mechanics and Geotechnical Engineering Research Institute (Housing and Building National Research Centre) in Cairo on the geotechnical samples collected from the trial pits in the Wadi Um Salamat area for the Hamama West heap leach facility design work, and the final report received.
A short programme of excavator trenching has been completed at Hamama East to test for possible surface zones of Au and Zn oxide mineralisation. Samples have been dispatched to ALS Minerals in Romania, and results are expected soon.
A preliminary programme of surface sampling has been undertaken over the Zeno prospect area. Numerous significant ancient workings have been identified at the Zeno area, and visible gold has been identified from several samples. Samples have been dispatched to ALS Minerals in Romania, and results are expected soon.
Aton is working with Wardell Armstrong to complete its study in support of its declaration of commerciality at its Hamama project and expects this to be completed by the end of May as planned.
VANCOUVER, May 9, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE American: SAND, TSX: SSL) has released its results for the first quarter ended March 31, 2018 (all figures in U.S. dollars).
— FIRST QUARTER HIGHLIGHTS
Record revenue of $19.5 million (Q1 2017 - $18.8 million);
Attributable gold equivalent ounces sold1 of 14,685 ounces (Q1 2017 – 15,558 ounces);
Average cash cost per attributable gold equivalent ounce of $276 resulting in cash operating margins1 of $1,050 per ounce (Q1 2017 - $258 per ounce and $952 per ounce respectively);
Cash flows from operating activities, excluding changes in non-cash working capital1, of $13.4 million (Q1 2017 – $13.2 million);
Net income of $0.4 million (Q1 2017 – $7.0 million);
On January 17, 2018, the Company completed its previously announced transaction to acquire a 2.0% NSR on the producing Houndé gold mine in Burkina Faso which is owned and operated by Endeavour Mining Corporation.
In January 2018, the Company completed its previously announced arrangement to sell $18.3 million in debt and equity securities of Equinox Gold Corp. The monetization of a significant portion of Sandstorm's debt and equity investments is a part of the Company's strategy of selling non-core assets and using the capital raised to continue growing the stream and royalty portfolio.
Sandstorm acquired 4 royalties on exploration-stage projects in Canada and Mexico. The Company now has 180 royalties in its portfolio.
— OUTLOOK
Based on the Company's existing royalties, attributable gold equivalent production for 2018 is forecasted to be between 53,000 – 60,000 ounces. The Company is forecasting attributable gold equivalent production of 125,000 ounces per annum by 2022.
— FINANCIAL RESULTS
Sandstorm's revenue during the first quarter of 2018 was a record for the company. Revenue was $0.6 million higher than in the first quarter of 2017, driven by a 10% increase in the average realized selling price of gold. The revenue increase was partially offset by a 6% decrease in the number of attributable gold equivalent ounces sold, largely due to the timing of sales.
Net income was lower when compared to the same period in 2017 due to a number of factors including a $4.5 million non-cash impairment charge related to the Gualcamayo royalty and a decrease in the gains recognized on the revaluation of the Company's investments. The decrease in net income was partially offset by a decrease in the Company's income tax expense, whereby a recovery of $1.4 million was recognized largely related to the Gualcamayo royalty impairment.
— STREAMS & ROYALTIES: Q1 UPDATES
Of the gold equivalent ounces sold by Sandstorm, approximately 38% were attributable to mines located in Canada, 16% from the rest of North America and 46% from South America and other countries.
Three months ended Mar. 31, 2018
Revenue (in $000s)
Gold Equivalent Ounces
Canada
$ 7,423
5,591
North America excl. Canada
$ 3,035
2,293
South America & Other
$ 9,012
6,801
Total
$19,470
14,685
Canada
Streams and royalties on Canadian mines contributed 18% less gold equivalent ounces sold to Sandstorm when compared to the first quarter of 2017. The change is primarily attributable to a decrease in gold equivalent ounces sold attributable to the Diavik mine in the Northwest Territories and the Black Fox mine in Ontario, offset by an increase in ounces from the Ming mine in Newfoundland.
North America Excluding Canada
When compared to the first quarter of 2017, gold equivalent ounces coming from North America, excluding Canada, decreased by 36%. The change was driven by a decrease in royalty revenue from the Emigrant Springs mine in Nevada.
South America & Other
Operations in South America and other countries contributed an additional 1,621 gold equivalent ounces sold when compared to the first quarter of 2017, representing a 31% increase. The newly acquired Houndé royalty contributed approximately 1,304 of those ounces.
Yamana Silver Streams
Sandstorm has a silver stream with Yamana Gold Inc. ("Yamana") whereby it will purchase silver from the Cerro Moro mine in Argentina beginning in 2019. Up until 2019, Sandstorm is purchasing silver from Yamana's Minera Florida and Chapada mines.
At Cerro Moro, Yamana recently reported that open pit operations have commenced and development activities are underway at the high grade Escondida central pit. First ore was fed to the ball mill on April 25, 2018 and first doré production is expected in May 2018. The start-up is progressing well with milling rates and feed grades expected to ramp up through the second quarter. The project remains on budget and is on track to reach 2018 production guidance of 3.75 million ounces of silver.
For more information refer to www.yamana.com and see the press release dated May 2, 2018.
Chapada Copper Stream
Yamana recently announced that they have completed studies to evaluate several development opportunities at Chapada. These opportunities range in scope from plant optimization initiatives to enhance copper and gold recoveries, to a plant expansion to bring forward cash flows, and pit wall pushbacks to expose higher grade ore zones. Based on the results from the studies, Yamana is progressing the opportunities to the next stage of evaluation and development.
The studies on expanding the Chapada processing plant capacity up to 32 million tonnes per annum have concluded that higher throughput can be achieved with the installation of new equipment. A feasibility study has been initiated for the plant expansion and is expected to be completed in early 2019.
For more information refer to www.yamana.com and see the press release dated May 2, 2018.
Aurizona Royalty
Equinox Gold Corp. ("Equinox Gold") announced that mining activities commenced in mid-April at the Aurizona gold mine in Brazil. They are currently working on removing waste from two locations in the Piaba pit and developing access roads in preparation for ore mining in the third quarter of 2018. Construction is proceeding on schedule to pour gold by the end of 2018.
Equinox Gold's exploration team is focused on mine life extension and district-scale opportunities. During the first quarter of 2018, they announced positive drilling results from six targets east and north east of the reserve pit. These discoveries will be tested in upcoming exploration programs and a study is underway examining opportunities to develop the underground potential of the Aurizona gold deposit. In addition, drill results from more than 11,000 metres of drilling in 2017 at the Piaba and Piaba West targets are being incorporated into a resource update that is targeted for completion in mid-2018.
For more information refer to www.equinoxgold.com and see the press release dated May 3, 2018.
— FIRST QUARTER HIGHLIGHTS
Record revenue of $19.5 million (Q1 2017 - $18.8 million);
Attributable gold equivalent ounces sold1 of 14,685 ounces (Q1 2017 – 15,558 ounces);
Average cash cost per attributable gold equivalent ounce of $276 resulting in cash operating margins1 of $1,050 per ounce (Q1 2017 - $258 per ounce and $952 per ounce respectively);
Cash flows from operating activities, excluding changes in non-cash working capital1, of $13.4 million (Q1 2017 – $13.2 million);
Net income of $0.4 million (Q1 2017 – $7.0 million);
On January 17, 2018, the Company completed its previously announced transaction to acquire a 2.0% NSR on the producing Houndé gold mine in Burkina Faso which is owned and operated by Endeavour Mining Corporation.
In January 2018, the Company completed its previously announced arrangement to sell $18.3 million in debt and equity securities of Equinox Gold Corp. The monetization of a significant portion of Sandstorm's debt and equity investments is a part of the Company's strategy of selling non-core assets and using the capital raised to continue growing the stream and royalty portfolio.
Sandstorm acquired 4 royalties on exploration-stage projects in Canada and Mexico. The Company now has 180 royalties in its portfolio.
— OUTLOOK
Based on the Company's existing royalties, attributable gold equivalent production for 2018 is forecasted to be between 53,000 – 60,000 ounces. The Company is forecasting attributable gold equivalent production of 125,000 ounces per annum by 2022.
— FINANCIAL RESULTS
Sandstorm's revenue during the first quarter of 2018 was a record for the company. Revenue was $0.6 million higher than in the first quarter of 2017, driven by a 10% increase in the average realized selling price of gold. The revenue increase was partially offset by a 6% decrease in the number of attributable gold equivalent ounces sold, largely due to the timing of sales.
Net income was lower when compared to the same period in 2017 due to a number of factors including a $4.5 million non-cash impairment charge related to the Gualcamayo royalty and a decrease in the gains recognized on the revaluation of the Company's investments. The decrease in net income was partially offset by a decrease in the Company's income tax expense, whereby a recovery of $1.4 million was recognized largely related to the Gualcamayo royalty impairment.
— STREAMS & ROYALTIES: Q1 UPDATES
Of the gold equivalent ounces sold by Sandstorm, approximately 38% were attributable to mines located in Canada, 16% from the rest of North America and 46% from South America and other countries.
Three months ended Mar. 31, 2018
Revenue (in $000s)
Gold Equivalent Ounces
Canada
$ 7,423
5,591
North America excl. Canada
$ 3,035
2,293
South America & Other
$ 9,012
6,801
Total
$19,470
14,685
Canada
Streams and royalties on Canadian mines contributed 18% less gold equivalent ounces sold to Sandstorm when compared to the first quarter of 2017. The change is primarily attributable to a decrease in gold equivalent ounces sold attributable to the Diavik mine in the Northwest Territories and the Black Fox mine in Ontario, offset by an increase in ounces from the Ming mine in Newfoundland.
North America Excluding Canada
When compared to the first quarter of 2017, gold equivalent ounces coming from North America, excluding Canada, decreased by 36%. The change was driven by a decrease in royalty revenue from the Emigrant Springs mine in Nevada.
South America & Other
Operations in South America and other countries contributed an additional 1,621 gold equivalent ounces sold when compared to the first quarter of 2017, representing a 31% increase. The newly acquired Houndé royalty contributed approximately 1,304 of those ounces.
Yamana Silver Streams
Sandstorm has a silver stream with Yamana Gold Inc. ("Yamana") whereby it will purchase silver from the Cerro Moro mine in Argentina beginning in 2019. Up until 2019, Sandstorm is purchasing silver from Yamana's Minera Florida and Chapada mines.
At Cerro Moro, Yamana recently reported that open pit operations have commenced and development activities are underway at the high grade Escondida central pit. First ore was fed to the ball mill on April 25, 2018 and first doré production is expected in May 2018. The start-up is progressing well with milling rates and feed grades expected to ramp up through the second quarter. The project remains on budget and is on track to reach 2018 production guidance of 3.75 million ounces of silver.
For more information refer to www.yamana.com and see the press release dated May 2, 2018.
Chapada Copper Stream
Yamana recently announced that they have completed studies to evaluate several development opportunities at Chapada. These opportunities range in scope from plant optimization initiatives to enhance copper and gold recoveries, to a plant expansion to bring forward cash flows, and pit wall pushbacks to expose higher grade ore zones. Based on the results from the studies, Yamana is progressing the opportunities to the next stage of evaluation and development.
The studies on expanding the Chapada processing plant capacity up to 32 million tonnes per annum have concluded that higher throughput can be achieved with the installation of new equipment. A feasibility study has been initiated for the plant expansion and is expected to be completed in early 2019.
For more information refer to www.yamana.com and see the press release dated May 2, 2018.
Aurizona Royalty
Equinox Gold Corp. ("Equinox Gold") announced that mining activities commenced in mid-April at the Aurizona gold mine in Brazil. They are currently working on removing waste from two locations in the Piaba pit and developing access roads in preparation for ore mining in the third quarter of 2018. Construction is proceeding on schedule to pour gold by the end of 2018.
Equinox Gold's exploration team is focused on mine life extension and district-scale opportunities. During the first quarter of 2018, they announced positive drilling results from six targets east and north east of the reserve pit. These discoveries will be tested in upcoming exploration programs and a study is underway examining opportunities to develop the underground potential of the Aurizona gold deposit. In addition, drill results from more than 11,000 metres of drilling in 2017 at the Piaba and Piaba West targets are being incorporated into a resource update that is targeted for completion in mid-2018.
For more information refer to www.equinoxgold.com and see the press release dated May 3, 2018.
Trading Spotlight
Antwort auf Beitrag Nr.: 57.485.621 von Fantomas96 am 06.04.18 21:48:32Mark @ IKN hat ja schon eine nette Kalkulation aufgestellt (s.o.).
Ich bin aber immer noch völlig überrascht, wie wenig Notiz von derartigen Zahlen genommen wird.
Hod Maden ist ja längst noch nicht „ausexploriert“ und man kann jetzt schon 4,49 Mio. Unzen (Measured & Indicated) @ 12,1 g/t Au nachweisen.
Sandstorm hält 30% an dem Projekt und ich denke, die Fehlentscheidungen von Nolan Watson in der Vergangenheit (Colossus, Luna) sollten mal so langsam abgehakt werden, denn hier hat er m.A.n. einen echten Voll-Treffer gelandet.
Wenn der Markt mal wieder in Richtung Pro Gold Miner dreht, sehe ich hier noch einiges an Kurspotenzial.
Ich bin aber immer noch völlig überrascht, wie wenig Notiz von derartigen Zahlen genommen wird.
Hod Maden ist ja längst noch nicht „ausexploriert“ und man kann jetzt schon 4,49 Mio. Unzen (Measured & Indicated) @ 12,1 g/t Au nachweisen.
Sandstorm hält 30% an dem Projekt und ich denke, die Fehlentscheidungen von Nolan Watson in der Vergangenheit (Colossus, Luna) sollten mal so langsam abgehakt werden, denn hier hat er m.A.n. einen echten Voll-Treffer gelandet.
Wenn der Markt mal wieder in Richtung Pro Gold Miner dreht, sehe ich hier noch einiges an Kurspotenzial.
Antwort auf Beitrag Nr.: 57.451.304 von Fantomas96 am 03.04.18 17:29:17
How can a 43-101 compliant resource like this one for Hod Maden...
...as revealed on Friday evening by 30% owner Sandstorm Gold (SAND) (SSL.to), be all-but forgotten by the market in just three days? Seriously, what's a miner gotta do these days, announce they've found a lost cache of a hundred thousand Bitcoin on one of its old hard-drives?
And not just forgotten and back to neutral, SAND is actually negative for the week. This is gnat's memory-span stuff, I mean look at that table it's 12g AuEq at a two gram cut-off! Or in the words used to describe the numbers in The IKN Weekly on Sunday...
Using metals prices of U$1,250/oz gold and U$3.00/lb copper, the 43-101 ignores other credit metals (assumes them non-payable) and gets us to a global M+I resource of 11.545m tonnes at 12.1 g/t AuEq and if you do the math, that’s just shy of 4.5m oz AuEq.
This is certain to form the basis of the upcoming Pre-Feasibility Study (no inferred allowed in a PFS) and with a 12.1g average using a 2g/t gold cut-off, even though we don’t know what the economic study is going to give us we do know that SAND (30%) and its partner, the Turkish mining company Lidya Madencilik (70%) is going to have one humdinger of an underground mine project on their hands. I’m going to wait with the rest of you for the PFS to come out before committing but for sure I’ve been playing with numbers so here are a couple of simple lines to get us in the mood:
On just this M+I resource (not forgetting there is masses of exploration upside potential at Hot Maden, a 2,500 tonne per day underground mine operation would have enough rock for 13 years of operation.
At 12.1g/t AuEq and 85% recoveries, that would represent production of nearly 300,000 oz AuEq per year.
As the 43-101 technical report gives us a 2g/t AuEq cut off and U$1,300/oz gold price, we can assume they’re working on a per-tonne cut-off of U$83.60. As I like rounding up and being conservative, let’s call that a $90/tonne cost cut-off.
- 300,000 oz gold at U$1,300/oz is U$390m.
- $90/tonne X 360 days X 2,500 tonnes per day is a cost of U$81m
Now that’s what I call margin.
Of course there are a whole bunch of other things to take into account and gross margin is not bottom line profits. But needless to say, I’m looking forward to the PFS now.
Otto @ IKN versteht die Welt nicht mehr
https://incakolanews.blogspot.de/2018/04/i-am-having-serious…How can a 43-101 compliant resource like this one for Hod Maden...
...as revealed on Friday evening by 30% owner Sandstorm Gold (SAND) (SSL.to), be all-but forgotten by the market in just three days? Seriously, what's a miner gotta do these days, announce they've found a lost cache of a hundred thousand Bitcoin on one of its old hard-drives?
And not just forgotten and back to neutral, SAND is actually negative for the week. This is gnat's memory-span stuff, I mean look at that table it's 12g AuEq at a two gram cut-off! Or in the words used to describe the numbers in The IKN Weekly on Sunday...
Using metals prices of U$1,250/oz gold and U$3.00/lb copper, the 43-101 ignores other credit metals (assumes them non-payable) and gets us to a global M+I resource of 11.545m tonnes at 12.1 g/t AuEq and if you do the math, that’s just shy of 4.5m oz AuEq.
This is certain to form the basis of the upcoming Pre-Feasibility Study (no inferred allowed in a PFS) and with a 12.1g average using a 2g/t gold cut-off, even though we don’t know what the economic study is going to give us we do know that SAND (30%) and its partner, the Turkish mining company Lidya Madencilik (70%) is going to have one humdinger of an underground mine project on their hands. I’m going to wait with the rest of you for the PFS to come out before committing but for sure I’ve been playing with numbers so here are a couple of simple lines to get us in the mood:
On just this M+I resource (not forgetting there is masses of exploration upside potential at Hot Maden, a 2,500 tonne per day underground mine operation would have enough rock for 13 years of operation.
At 12.1g/t AuEq and 85% recoveries, that would represent production of nearly 300,000 oz AuEq per year.
As the 43-101 technical report gives us a 2g/t AuEq cut off and U$1,300/oz gold price, we can assume they’re working on a per-tonne cut-off of U$83.60. As I like rounding up and being conservative, let’s call that a $90/tonne cost cut-off.
- 300,000 oz gold at U$1,300/oz is U$390m.
- $90/tonne X 360 days X 2,500 tonnes per day is a cost of U$81m
Now that’s what I call margin.
Of course there are a whole bunch of other things to take into account and gross margin is not bottom line profits. But needless to say, I’m looking forward to the PFS now.
Sandstorm Gold Announces First Quarter Sales Numbers
Wed April 4, 2018 4:24 PM|PR Newswire|About: SAND
VANCOUVER, April 4, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,650 attributable gold equivalent ounces during the first quarter of 2018; the second highest quarterly total in Company history. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
Wed April 4, 2018 4:24 PM|PR Newswire|About: SAND
VANCOUVER, April 4, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,650 attributable gold equivalent ounces during the first quarter of 2018; the second highest quarterly total in Company history. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
Antwort auf Beitrag Nr.: 57.430.451 von KMST am 30.03.18 11:33:22Warum wurde der Technische Report zu „Hod Maden“ (Schreibfehler) so versteckt ?
Ist auf jeden Fall sehr lesenswert und interessant für die Zukunft von Sandstorm.
Ist auf jeden Fall sehr lesenswert und interessant für die Zukunft von Sandstorm.
Sandstorm Gold to Unveil “Launch Lab”
Streaming group to launch an internal equity sales desk, says CEO Nolan Watson, turning Sandstorm into a one-stop shop for smaller companies
Vancouver-based streaming group Sandstorm Gold is launching its own in-house equity sales desk to help push the small companies it works with, founder Nolan Watson told Global Mining Observer in an interview.
Internally dubbed the “launch lab”, Sandstorm, which has built a C$1.1bn ($852m) market cap by buying gold royalties and streams, plans to start supporting its partner companies by pooling its internal resources, from its IR department through to its database of investors, turning the group into a one stop shop for smaller mining companies looking to raise capital.
Sandstorm has hired three staff in advertising, design and for brokerage calls and will launch the lab alongside its next streaming deal “over the next few months”, Watson said.
The new sales desk will be “stepping into a gap” created by the rapid rise of passive investing, which has sucked capital out of specialist mining funds, making it harder for mining bosses to pull money into promising new mining stories, Watson says. “I really do see a massive shift. Even with market caps of half a billion, companies cannot attract the capital that they once could.”
“One of the things Sandstorm is trying to do is say, hey, if you do a financing with
Sandstorm and you sell us a royalty and we really like your story, your stock, your management team, we will act as the catalyst to draw attention to your story.”
Nearly $7 trillion globally is now managed by passive funds, which track indices and have low fees, up from under $3 trillion five years ago, according to data group Morningstar. At current rates, more than half of all money is tipped to turn passive in the next five years, replacing hundreds of fund managers with algorithms.
Sandstorm says its own investor base has changed dramatically in recent years, with passive funds gobbling-up a third of its stock since 2014. Watson, who founded the company in 2009, believes its other shareholders, including over 40,000 private investors, can help boost its partner-companies in the sub-$300m bracket.
“We don't want to saddle Sandstorm's shareholders with a bunch of G&A, so the idea is, if we have more and more demand for those services we'll just continue to hire people.”
Sandstorm reported record revenue of $68m in February, up from $52m two years ago, collecting 55,000 ounces of gold, its eighth consecutive annual record. “Hopefully we can keep that going,” Watson said.
Streaming group to launch an internal equity sales desk, says CEO Nolan Watson, turning Sandstorm into a one-stop shop for smaller companies
Vancouver-based streaming group Sandstorm Gold is launching its own in-house equity sales desk to help push the small companies it works with, founder Nolan Watson told Global Mining Observer in an interview.
Internally dubbed the “launch lab”, Sandstorm, which has built a C$1.1bn ($852m) market cap by buying gold royalties and streams, plans to start supporting its partner companies by pooling its internal resources, from its IR department through to its database of investors, turning the group into a one stop shop for smaller mining companies looking to raise capital.
Sandstorm has hired three staff in advertising, design and for brokerage calls and will launch the lab alongside its next streaming deal “over the next few months”, Watson said.
The new sales desk will be “stepping into a gap” created by the rapid rise of passive investing, which has sucked capital out of specialist mining funds, making it harder for mining bosses to pull money into promising new mining stories, Watson says. “I really do see a massive shift. Even with market caps of half a billion, companies cannot attract the capital that they once could.”
“One of the things Sandstorm is trying to do is say, hey, if you do a financing with
Sandstorm and you sell us a royalty and we really like your story, your stock, your management team, we will act as the catalyst to draw attention to your story.”
Nearly $7 trillion globally is now managed by passive funds, which track indices and have low fees, up from under $3 trillion five years ago, according to data group Morningstar. At current rates, more than half of all money is tipped to turn passive in the next five years, replacing hundreds of fund managers with algorithms.
Sandstorm says its own investor base has changed dramatically in recent years, with passive funds gobbling-up a third of its stock since 2014. Watson, who founded the company in 2009, believes its other shareholders, including over 40,000 private investors, can help boost its partner-companies in the sub-$300m bracket.
“We don't want to saddle Sandstorm's shareholders with a bunch of G&A, so the idea is, if we have more and more demand for those services we'll just continue to hire people.”
Sandstorm reported record revenue of $68m in February, up from $52m two years ago, collecting 55,000 ounces of gold, its eighth consecutive annual record. “Hopefully we can keep that going,” Watson said.
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