SANDSTORM GOLD -- ehemals --Sandstorm Resources (Seite 20)

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How good was Sandstorm's (SAND) (SSL.to) Q1?

This good:



Quelle IKN

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Sandstorm Gold Announces Record Gold Production in Q1 2017, Renews NCIB
Mon April 3, 2017 7:00 AM|PR Newswire|About: SAND

VANCOUVER, April 3, 2017 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold approximately 15,500 attributable gold equivalent ounces1 during the first quarter of 2017, a record for the Company. The attributable gold equivalent ounces were generated from 20 streams and royalties.

In addition, the Toronto Stock Exchange ("TSX") has accepted the Company's notice that it intends to proceed with a normal course issuer bid ("NCIB") in accordance with TSX rules. Under the NCIB, Sandstorm may purchase up to 7,597,730 of its common shares, representing 5% of the Company's issued and outstanding common shares of 151,954,615 as of March 22, 2017.

Purchases under the NCIB may commence on April 5, 2017 and will terminate on the earlier of April 4, 2018...

https://seekingalpha.com/pr/16787806-sandstorm-gold-announce…

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Breaking Down Sandstorm Gold's Latest Acquisition

Summary

Sandstorm Gold recently announced it purchased a package of royalties in Q1.

The royalties are on development-stage, advance exploration-stage and exploration-stage projects located in Canada, Mexico and Peru.

While this was a small deal, it gives Sandstorm long-term upside to numerous high-potential projects.

I break down the deal and give my current thoughts on Sandstorm stock.

...

As I pointed out in my last article on Sandstorm, some risks remain for the company, but the upside is huge. I think Sandstorm has some great development assets that will pay off big in the future, and I am expecting an active year from the company on the acquisition front. I think these small royalty acquisitions are a good move, but just the beginning.

https://seekingalpha.com/article/4059457-breaking-sandstorm-…

[Popeye82]

www.sandstormgold.com/_resources/news/2017/2017-03-23.pdf

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Tower Announces Financing Package with Sandstorm Gold and Concurrent Private Placement
15 March 2017

VANCOUVER B.C. – Tower Resources Ltd. (“Tower” or the “Company”) is pleased to announce it has signed a $1 million financing package (“Transaction”) with Sandstorm Gold Ltd. (“Sandstorm”) (NYSE MKT:SAND) including a royalty investment and private placement. The Company has also agreed to a concurrent non-brokered private placement for proceeds of up to $2.7 million. All currency amounts in Canadian dollars.

Transaction and Private Placement Highlights

Provides multi-year funding for exploration of Tower’s Rabbit North, Nechako Gold, and More Creek, properties;
Total of up to $3.2 million in new equity financing of which Sandstorm will subscribe for $500,000;
Sandstorm will pay $500,000 cash consideration for a 2% net smelter returns royalty (“NSR”) on Tower’s Rabbit North Extension, Nechako Gold and More Creek properties;
Tower will have the option to buy-back 50% (total 1%) of each new NSR sold to Sandstorm for $500,000 per property;
Tower will assign Sandstorm the right to purchase 1% of the underlying NSR on Tower’s Rabbit North property.

Mark Vanry, President and CEO noted, “We are extremely happy to have Sandstorm as an investor in Tower and believe that this transaction is an endorsement of both Tower’s people and properties. “The funds provided by the sale of the royalty as well as the private placement will allow Tower to aggressively explore each of our core assets in BC and opportunistically add prospective properties to our pipeline.”

Sandstorm Transaction

As part of the financing package, Tower will receive a $500,000 payment in return for granting Sandstorm a two percent (2%) NSR on Tower’s Rabbit North Extension, Nechako Gold and. More Creek properties. Tower will have the option to buyback one percent (1%) of the NSR on each of the properties from Sandstorm for cash consideration of $500,00 per property. In addition, Tower will assign to Sandstorm the right to purchase one percent (1%) of Tower’s two percent buyback right underlying the Rabbit North property. Concurrent with the NSR investment, Sandstorm will subscribe for 3.44 million units of a private placement at $0.145 per unit for total proceeds of $500,000. Each unit is to consist of one common share and one half of one transferable share purchase warrant. Each whole warrant will be exercisable at $0.22 for a period of five years. Fort Capital Partners acted as an advisor to the company in connection with the Sandstorm financing package and will be issued units in consideration for their services.

Private Placement

Concurrent with the Sandstorm Transaction, Tower has arranged a non-brokered private placement of up to 18.62 million units of the company for gross proceeds of $2,700,000. As with the Sandstorm private placement, each unit is to consist of one common share and one half of one transferable share purchase warrant exercisable at $0.22 for a period of five years. Proceeds from the private placement will be used for exploration of the Company’s mineral property portfolio and general working capital purposes. Tower will pay finder’s fees to qualified finders in amounts permitted by the TSX Venture Exchange. Both the Sandstorm Transaction and concurrent private placement remain subject to regulatory approval.

All securities issued in connection with the private placement (including securities issued to Sandstorm, Fort Capital and any finders) will be subject to a statutory hold period of four months. This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933 or any state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act of 1933 and all applicable state securities laws, or an applicable exemption from registration requirements.

About Tower Resources

Tower Resources Ltd. (TWR.V) is a Vancouver-based junior mineral exploration company focused on the discovery and advancement of economic mineral properties, primarily in British Columbia. The company's key exploration assets are Rabbit North, Nechako Gold and More Creek.

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Antwort auf Beitrag Nr.: 54.425.599 von Popeye82 am 28.02.17 02:10:23

Zitat von Popeye82: www.kitco.com/news/video/show/GSA-Investor-Day-2017/1496/201…

Nolan Watson: "...we've build up a technical team, we spend a lot of time going digging into the guts of drill databases and understanding metallurgy and all these types of things and I think one of the things that has to be addressed is that when we actually get in there and see behind the scenes a lot of the times, things are not as advertised. There are a lot of assets out there that are fundamentally wrong and broken, and CEOS are lying to their shareholders about it and I think something needs to be addressed. 43-101 attempts to do it, but it's still not working."

Daniela Cambone: "So, too much promotion?"

Nolan Watson: "Promotion is a very nice way of saying what some of these people are doing with their assets. It's lying, really.

[Popeye82]

www.kitco.com/news/video/show/GSA-Investor-Day-2017/1496/201…

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Sandstorm Gold - All You Need To Know About Q4 2016 Results
Feb. 23, 2017

http://seekingalpha.com/article/4049018-sandstorm-gold-need-…

Guidance for 2017:

The company is forecasting 45,000 to 55,000 attributable gold equivalent ounces during 2017 and is estimating that it will grow to over 65k per annum by 2020.

Conclusion:

A good potential long-term here. Good management and a working business model.



The chart for SAND is characteristic of a falling wedge pattern. It is generally a bullish pattern and we should expect a break out on the plus side (70%~). If the stock breaks out the upper line described in the chart above, we may re-test the resistance at 6.50.

However, the price of gold is paramount here and any weakness due to a strong dollar or the Fed raising rates will affect directly SAND.

However, in the medium-term I expect some weakness potentials at $4 or lower, at which point I recommend to buy and accumulate.

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Aus dem CC
...
So, starting with the quickest and easiest question relating to Primero, candidly, as we have already made a good profit from the stream and since our internal models prior to the recent reserve decrease show that the Black Box mine only represented 3% of our corporate NAV, we're not at all concerned about the situation because of its general lack of materiality to us. This morning they announced a reserve decrease of approximately 50,000 ounces after adjusting for depletion, which when multiplied by Sandstorm 8% is about 4,000 ounces and therefore should only impact our view of NAV by less than 1% and our shares swing more than that on an hourly basis. So this is a non-event for us.

In addition, it's worth noting that the proven zone, which appears to be economic, has not yet been put into the reserves and I expect that it will be in the future. And not to mention the fact that the asset has significant exploration potential, which is simply not being realized because of the capital constraint to Primero. It's also worth noting that adjusted for depletion the M&I actually went up in the suggested resource statement... .

It’s again worth noting that at the beginning of 2016, there were almost no drill programs that were planned because it wasn't until after Brexit that the gold price went up and our partner started raising money, so most of those ounces were found in the last half of 2016. When we move forward to 2017 and when we sit here at the beginning of the year, we can already identify 33 specifically planned and funded drill programs on our asset bases. And we know that more drill programs will be created and funded throughout the year than what is on this list. Therefore, we expect this effect to continue into 2017.

And it's important to remember that unlike a mining company, we don't have to pay for any of these costs, it's free upside... .


Trek Mining: Most analysts and investors had written a majority of these investments off for Sandstorm and we are encouraged that not only will we have a material royalty for which we could cash flow approximately $6 million per year on an asset that appears to be imminently going back into production, but because of the restructuring we undertook a year ago, we will now have equity and debt investments that will be worth over US$60 million.




Aussichten:

Royalty from Aurizona.......currently guiding end of 2018....

One of the more material royalties that will be coming online will be Hot Maden, which we anticipate coming on 4 years, 5 years from now. But based on the PEA that was just recently released, the cash flow is expected to be $8 million a year at today’s commodity prices. So that will be a very material one for us when that comes on.

And obviously the most material one coming online over the next couple years is Cerro Moro, which Yamana is currently in the middle of constructing. It's supposed to begin operations in 2018...

...and couple of others worth noting would be Coringa, which is currently being developed by Anfield Gold and we expect that to be online over the next couple years.

And then – I know I'm past three now, but there is one that’s still going take another 8 years or 9 years, but it is very material for us on a cash flow basis. So it’s anywhere in our cash flow projections just because of the time line, but it’s the Hugo North Extension and Heruga streams from Oyu Tolgoi, which should cash flow to us anywhere from $7 million to $20 million a year depending on the scenario, so a lot of things coming online. The benefit is we’ve already paid for all of it. There is no capital expenditures we have to make and just sort of sitting and waiting for the cash flow to increase.

http://seekingalpha.com/article/4048537-sandstorm-golds-sand…

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Sandstorm Gold: Risks Remain, But The Upside Is Huge

...Before I get into some potential risks, I feel Sandstorm reported a strong Q4 2016 and full-year 2016 financial results and the company deserves some praise for it. Here are some of the highlights:

In Q4, Sandstorm had record attributable gold equivalent ounces sold of 13,245, up from 8,951 ounces a year ago. For the full-year, Sandstorm reported 49,731 ounces sold, a rise from 45,146 ounces in 2015.

In Q4, Sandstorm had revenue of $16.5 million and in 2016, revenue was $62.4 million, compared to $9.9 million and $52.7 million in 2015.

Operating cash flow was strong. For Q4, it came in at $10.1 million, up from $5 million the previous year; for 2016, it was $39 million, up from $30.8 million (Margins were $993 per ounce in Q4 and $996 for the year, compared to $300 per ounce and $867 per ounce in 2015).

Those are the main highlights of the earnings report. Finally, Sandstorm ended the year with $20 million in cash, no debt outstanding and $110 million available under its revolving credit facility, according to its annual report. Therefore, the company has $130 million in capital to invest in new streams/royalties. The company previously had some debt following its deal with Yamana Gold (NYSE:AUY), but wisely paid down this debt in 2016. The balance sheet is pretty strong here in my view.

Now for the negatives. Guidance for 2017 is pretty weak in my opinion. The company says attributable gold equivalent production for 2017 is forecast to be between 45,000 and 55,000 ounces, which is quite a wide guidance range to give. It means production will likely be flat from 2016, but it could come in higher depending on production results from some of Sandstorm's bigger assets.

As I've said before, I think for Sandstorm to outperform its peers in 2017, I think the company needs to complete new deals that will diversify its business. As mentioned in that previous article, I was a little disappointed by Sandstorm's lack of deals in 2016. Outside of the Teck royalty portfolio transaction (which really was a great deal, as the company acquired the Hot Maden royalty and other assets), the company just acquired a few smaller royalties.

There are some other risks I'd like to mention here, and this ties into the above comments. Sandstorm is likely going to face increased competition from its peers in 2017, such as newcomer Osisko Gold Royalties (OTC:OR), which has more than $500 million available to complete new deals, Aurico Metals (OTCPK:ARCTF), and the larger streamers, like Royal Gold (NASDAQ:RGLD), Franco Nevada (NYSE:FNV) and Silver Wheaton (NYSE:SLW). The royalty/streamer sector is a bit crowded in my opinion, and I think finding good deals is becoming harder for the company.

Sandstorm has been trying to diversify its asset-base away from streams/royalties operated by smaller junior mining companies, but I think Sandstorm still has too much counterparty exposure to these companies. In 2016, 21.6% of Sandstorm's operating cash flow came from assets that I view as having high counterparty risk - its Bachelor Lake and Black Fox gold streams. Metanor is a tiny gold miner with limited resources ($33.27 million market cap), while Primero Mining has been having a ton of issues lately and has some bankruptcy risk, as I recently discussed in detail.

Sandstorm's key assets are performing quite well, however, and Sandstorm owns some pretty attractive development assets. The Hot Maden royalty is estimated to produce $5-$8 million in cash flow once in production (according to Sandstorm's corporate presentation). Exploration results at Hot Maden have been fantastic (check out recent high-grade drill results) and likely point towards a larger resource base at the mine. It's important to point out that the deal for Hot Maden cost Sandstorm just $22 million, but also netted the company 55 other royalties, including 3 other producing royalties. Overall, this deal with Teck could net Sandstorm at least $10 million in annual cash flow, a superb return on the company's initial investment.

Meanwhile, Sandstorm's Cerro Moro, Hackett River and Huge North Extension assets could add another $28 million in annual cash flow once in production, according to its presentation. There's also the Aurizona royalty, an asset that was strengthened by a recent merger, which would add $4.5 million in annual cash flow once in production, as well as the 1% royalty on the Paul Isnard gold mine, adding another $3 million in annual cash flow.

Finally, while 2017 guidance is weak, the company is still guiding for production of 65,000 gold equivalent ounces by 2019, which would represent 30% growth from 2016.

To sum up my thoughts: Overall, this was a strong year for Sandstorm. While I think counterparty risk is still an issue for the company, and while Sandstorm faces increased competition from peers, I think the company has really strong development assets and will complete at least a few good deals in 2017. This is definitely a stock worth owning for investors with a long-term horizon, as I see plenty of growth ahead.

http://seekingalpha.com/article/4048116-sandstorm-gold-risks…