SANDSTORM GOLD -- ehemals --Sandstorm Resources - Älteste Beiträge zuerst (Seite 70)

[KMST]

Sandstorm Gold Announces Agreement to Acquire Gold Royalties

Vancouver, British Columbia | February 18, 2015
Sandstorm Gold Ltd. (“Sandstorm”) (NYSE MKT:SAND, TSX:SSL) is pleased to announce that it has entered into an arrangement agreement (the “Arrangement Agreement”) with Gold Royalties Corporation (“Gold Royalties”) (TSX-V:GRO) pursuant to which Sandstorm will acquire 100% of the outstanding common shares in the capital of Gold Royalties (the “Gold Royalties Shares”) by way of a statutory plan of arrangement (the “Arrangement”).

Gold Royalties has approximately C$2 million in cash and a portfolio of 18 royalties on 13 mining projects located in Canada, including one royalty that is generating cash flow from gold production. Upon the closing of the Arrangement, Sandstorm will have a portfolio of 10 streams and 59 royalties.

— SUMMARY OF THE ARRANGEMENT

Gold Royalties shareholders will receive common shares of Sandstorm (the “Sandstorm Shares”) on the basis of 0.045 of a Sandstorm Share for each one Gold Royalties Share held. The Arrangement values the Gold Royalties Shares at approximately C$0.20 per Gold Royalties Share, which represents a premium of 70% to the 20-day volume weighted average trading price of the Gold Royalties Shares on the TSX Venture Exchange of approximately C$0.118. Based on Sandstorm’s closing share price on February 17, 2015, the total value of this transaction would be approximately C$5.7 million.

In accordance with the terms of the outstanding warrants to acquire Gold Royalties Shares (each, a “Gold Royalties Warrant”), each holder of a Gold Royalties Warrant outstanding immediately prior to the effective time of the Arrangement will receive on subsequent exercise of such holder’s Gold Royalties Warrant, in accordance with its terms, for the same aggregate consideration payable for such warrant, 0.045 of a Sandstorm Share.

In addition, in accordance with the terms of the outstanding options to acquire Gold Royalties Shares (each, a “Gold Royalties Option”), each holder of a Gold Royalties Option outstanding immediately prior to the effective time of the Arrangement will receive on subsequent exercise of such holder’s Gold Royalties Option, in accordance with its terms, for the same aggregate consideration payable for such option, 0.045 of a Sandstorm Share. As at the date of the completion of the Arrangement, all Gold Royalties Options held by directors and officers will be extended to the original expiry dates thereof, notwithstanding that any such directors and officers may cease to be eligible optionees under the Gold Royalties stock option plan.

The Arrangement is subject to the approval of at least two-thirds of the votes cast by Gold Royalties shareholders at a special meeting of Gold Royalties shareholders, which is expected to be held in April 2015 and, if applicable under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, the approval of a majority of the minority shareholders by reason of collateral benefits received by optionees as a result of the amendment to the terms of their options. Prior to executing the Arrangement Agreement, the Board of Directors of Gold Royalties obtained a fairness opinion from Evans & Evans Inc. The fairness opinion will be included in the management information circular to be mailed to shareholders of Gold Royalties. Completion of the Arrangement is also subject to the approval of the Court of Queen’s Bench of Alberta, the Toronto Stock Exchange, the NYSE MKT, the TSX Venture Exchange, the receipt of all other necessary regulatory and third party approvals, and other customary conditions. In the event that the Arrangement is not completed under certain circumstances, Gold Royalties has agreed to pay Sandstorm a termination fee of C$200,000. In addition, the Arrangement Agreement includes standard non-solicitation and superior proposal provisions and Gold Royalties has provided Sandstorm with certain other customary rights, including a right to match competing offers. Full details of the transaction will be included in the management information circular of Gold Royalties to be mailed to Gold Royalties shareholders in due course.

A copy of the Arrangement Agreement will be filed under each of Sandstorm’s and Gold Royalties’ profiles on SEDAR at www.sedar.com.

— VOTING SUPPORT AND BOARD APPROVAL

Prior to entering into the Arrangement Agreement, Sandstorm entered into support and voting agreements with the management and certain members of the Board of Directors of Gold Royalties (together, the “Locked-Up Shareholders”), collectively holding approximately 5.53% of the issued and outstanding shares of Gold Royalties, whereby the Locked-Up Shareholders have agreed to vote their Gold Royalties Shares in favour of the Arrangement at the special meeting of Gold Royalties shareholders.

The Board of Directors of Gold Royalties has unanimously approved the transaction and will unanimously recommend that Gold Royalties shareholders vote in favour of the Arrangement. Each director and senior officer of Gold Royalties has indicated that they intend to vote in favour of the Arrangement.

The Sandstorm Board of Directors has unanimously approved the transaction and Sandstorm does not require, and the transaction is not subject to, approval by the shareholders of Sandstorm. The issuance of the Sandstorm Shares, including those issuable on exercise of the Gold Royalties Warrants (and warrants into which some of these warrants may be exercisable) and the Gold Royalties Options on a post-closing basis, is subject to approval by the Toronto Stock Exchange.

Sandstorm’s legal counsel is Cassels Brock & Blackwell LLP. Gold Royalties’ legal counsel is Beadle Raven LLP and ProVenture Law LLP.

None of the securities to be issued pursuant to the Arrangement Agreement have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and any securities issued pursuant to the Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

[KMST]

Sandstorm Gold to Release Fourth Quarter and Annual Results on March 18
Vancouver, British Columbia | March 13, 2015

Sandstorm Gold Ltd. (“Sandstorm”) (NYSE MKT: SAND, TSX: SSL) will release its 2014 fourth quarter and annual results on Wednesday, March 18, 2015, after markets close.

A conference call will be held on Thursday, March 19, 2015 starting at 8:30am PST to further discuss the results. To participate in the conference call, use the following dial-in numbers:

Local/International: 647-788-4916
North American Toll-Free: 877-214-4966

It is recommended that participants dial in five minutes prior to the commencement of the conference call. An audio webcast of the conference call can be accessed via the following link, http://ow .ly/Kj3Os, and will also be available on the Sandstorm website.

[KMST]

Sandstorm Gold Announces Fourth Quarter and Annual Results
Vancouver, British Columbia | March 18, 2015

Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has released its results for the fourth quarter and year ended December 31, 2014 (all figures in U.S. dollars).

— FOURTH QUARTER HIGHLIGHTS (3 MONTHS)

Strong balance sheet with over $90 million in cash at December 31, 2014;
Attributable Gold Equivalent ounces sold1 of 10,424 ounces;
Revenue of $12.5 million;
Average cash cost per Attributable Gold Equivalent ounce1 of $308 resulting in cash operating margins1 of $890 per ounce;
Operating cash flow of $8.9 million; and,
Net income of $2.6 million.

— 2014 HIGHLIGHTS (12 MONTHS)

Attributable Gold Equivalent ounces sold1 of 44,821 ounces;
Revenue of $56.5 million;
Average cash cost per Attributable Gold Equivalent ounce1 of $321 resulting in cash operating margins1 of $939 per ounce;
Operating cash flow of $35.2 million;
Net income of $11.5 million;
Exercised option to purchase an amount equal to 20% of the gold produced from the Santa Elena underground mine in Mexico (“Santa Elena”) for US$10 million;
Acquired 100% of the issued and outstanding shares of Sandstorm Metals & Energy Ltd. (“Sandstorm Metals”), allowing Sandstorm management to focus on gold transactions going forward;
Amended the revolving credit agreement, extending the term to five years. The revolving loan allows the Company to borrow up to $100 million for acquisition purposes;
Participated in a Luna Gold Corp. (“Luna”) non-brokered private placement to align the interests of Luna and Sandstorm and to allow the facilitation of an orderly resolution of Luna’s current challenges;
Partnered with Franco-Nevada Corp. (“Franco-Nevada”) in entering into a $120 million gold stream with True Gold Mining Inc. with respect to its Karma Project in Burkina Faso, West Africa. The gold stream is syndicated between Franco-Nevada and Sandstorm with Franco-Nevada providing 75% of the funding and Sandstorm providing the remaining 25% of the funding. The transaction was the first syndicated gold stream between two royalty and streaming companies; and,
Initiated a normal course issuer bid allowing the Company to purchase up to 5,882,879 common shares. The normal course issuer bid provides the Company with the option to purchase its common shares when management believes those shares are undervalued.

Sandstorm President & CEO Nolan Watson commented, “During 2014, our team was able to grow our asset base with the addition of 11 new streams and royalties, we generated significant free cash flow from our existing portfolio and worked through a number of challenges that arose due to the volatile gold price environment.” Watson continued, “I believe that 2015 will be a strong year for Sandstorm as we use our available capital to aggressively pursue new transactions and grow our future production and cash flow.”




http://www.sandstormgold.com/_resources/news/2015/2015-03-18…

[tntxrxwelle]

Antwort auf Beitrag Nr.: 49.369.145 von KMST am 19.03.15 08:38:40

Liest sich ja schön, aber es gibt ein Problem:

Shareholders Equity in Q4 ist down von rund 435 Mio. auf 421 Mio., also rund 14 Mio. verbrannt. Shareholders Equity ist jetzt niedriger, als März 2013.

[KMST]

ja, sieht man alles sehr schön im chart und im bewertungsgap zu anderen royalty playern.

ich halte hier eine kernposition und trade mittlerweile ganz erfolgreich die einzelnen schwünge. mit den gewinnen habe ich vor im sommer und nach erfolgter luna-abschreibung und streamanpassung hier nochmals aufzustocken.

mit der eingeschlagenen royaltyschiene sehe ich schon etwas licht am ende des tunnels. ich hoffe nur mein plan mit dem weiteren verlauf beim goldpreis geht auch langfristig auf.

[KMST]

habe mir jetzt das playback vom conference call angehört. ist auf jeden fall hörenswert

-es werden derzeit 21 projekte näher untersucht.
-4 davon in der sehr nahen auswahl, ein base metal, 3 gold und alle sollen schon cashflow generieren.
-luna deal sollte shortly fertig werden. da ist man jetzt sehr weit gekommen. royalty auf aurizona, auf 120000 hektar weiteres land und eine beteiligung an der neuen firma wird es geben
-true gold hat sich die lage auch verbessert, man ist dem abschluss näher. dort könnte es ebenfalls shortly weitergehen. allerdings wird wohl die erste lieferung gold an sandstorm auf 2017 verschoben werden
-230000 shares konnten nur zurückgekauft werden. an allen anderen tagen hatte sandstorm blackout period von der tmx auferlegt bekommen
-sollte der sharepreis nicht viel weiter fallen will sandstorm jetzt allerdings das geld lieber für neue royalties nutzen, da ist was in der pipeline
-nolan glaubt das das tief in gold noch nicht erreicht ist aber jetzt über die nächsten quartale die zeit zum shopen gekommen ist. er will die firma für den nächsten upcycle positionieren. ich denke da wird jetzt nicht mehr viel cash übrig bleiben. auch deshalb der deal mit gold royalties in shares und nicht in cash. man wird vermutlich erstmals den kredit mit anreißen


bin gespannt...mfg

[KMST]

so, ging schneller als gedacht. hätte mir aber einen besseren deal gewünscht. luna dicker gewinner, sandstorm sieht nach vielen jahren dann hoffentlich mal das geld wieder



Luna Gold Announces Restructuring of Sandstorm Stream Agreement
V.LGC, T.SSL | 6 hours ago

VANCOUVER, BC--(Marketwired - March 20, 2015) - Luna Gold Corp. (TSX: LGC) (LMA: LGC) (OTCQX: LGCUF), "Luna" or the "Company") announced today that the Company has signed a Letter of Intent with Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT: SAND) (TSX: SSL) outlining restructuring of its gold stream and debt facility agreement (the "Proposed Restructuring"). Sandstorm currently holds a 17% gold stream (the "Gold Stream") on Luna's Aurizona project in Brazil (the "Aurizona Project") and has a debt facility outstanding to Luna with a principal amount of US$20 million (the "Debt Facility").

The Proposed Restructuring is subject to a number of conditions, including (i) a concurrent equity raise with gross proceeds to Luna of at least CA$20 million, (ii) regulatory approvals such as the approval of the Toronto Stock Exchange, (iii) the approval of Luna's shareholders, and (iv) the negotiation and execution of definitive agreements for the Proposed Restructuring. Until the conditions are satisfied there can be no assurances that the Proposed Restructuring will be completed. The Company is seeking equity investors as part of its ongoing review of strategic alternatives, but as of this date has no agreement with any investor for an equity investment that meets Sandstorm's terms. Subject to the execution of definitive agreements, the Company anticipates completion of the Proposed Restructuring on or around June 30, 2015, assuming the conditions can be met.

Restructuring Terms

Gold Stream Restructuring

Under the terms of the Proposed Restructuring, the Gold Stream would be terminated and replaced by two net smelter return royalties ("NSR") (the "Aurizona Project NSR" and the "Greenfields NSR") and a convertible debenture. The Aurizona Project NSR would cover the entire Aurizona project, including the current 43-101 compliant Resources, and all adjacent exploration upside that would be processed through the Aurizona mill net of third party refining costs. The Aurizona Project NSR would be a sliding scale royalty based on the price of gold as follows:

3% if the price of gold is less than or equal to US$1,500 per ounce;
4% if the price of gold is between US$1,500 per ounce and US$2,000 per ounce; and
5% if the price of gold is greater than US$2,000 per ounce.

The Greenfields NSR would cover the 190,073 hectares of exploration ground held by Luna and would be a 2% NSR. Luna would have the right to purchase one-half of the Greenfields NSR for US$10 million at any time prior to commercial production.

Sandstorm would hold a right of first refusal on any future streams or royalties on the Aurizona Project and Greenfields.

Under the Proposed Restructuring, Sandstorm would also receive a US$30 million debenture bearing interest at a rate of 5% per annum (the "Debenture"). The Debenture would be payable in three equal annual tranches of US$10 million plus accrued interest beginning January 1, 2018. Luna would have the right to convert principal and interest owing under the Debenture into common shares of Luna, so long as Sandstorm does not own more than 20% of the outstanding common shares of Luna.

Sandstorm US$20 million Debt Facility Agreement

Under the existing Sandstorm Debt Facility amendment, the maturity date of the Debt Facility would be extended from June 30, 2017 to June 30, 2021, the interest rate would be revised to 5% per annum, payable in cash on the maturity date, and Luna would be subject to a default rate of interest equal to 10% per annum.

Luna Gold's President and CEO Marc Leduc commented, "The proposed restructuring of the Sandstorm steaming agreement is a key component to moving Luna toward viability. The Company assets are, and remain, sound and pursuing this restructuring is a first step toward moving in a direction in which all parties can benefit."

Read more at http://www.stockhouse.com/news/press-releases/2015/03/20/lun…

[KMST]

Sandstorm hat angeblich von Iamgold einen Royalty von Rio Tintos Diavik Diamantenmine gekauft, gibts schon näheres?

[KMST]

Sandstorm Gold Acquires Royalty on Diavik Diamond Mine
Vancouver, British Columbia | March 23, 2015

Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has acquired a 1% gross proceeds royalty (“Royalty”) over property in Lac de Gras in the Northwest Territories, Canada, including property constituting the Diavik Diamond Mine (“Diavik Mine”) operated by Rio Tinto plc.

— TRANSACTION TERMS

Sandstorm acquired the Diavik Mine Royalty from IAMGOLD Corporation for US$52.5 million in cash and 3 million warrants of Sandstorm. The warrants have a 5 year term, a strike price of US$4.50 per Sandstorm common share and will be exercisable following initial production from the Diavik Mine’s A21 pipe. The Royalty transaction is a unique opportunity which provides the following benefits to Sandstorm:

contributes long-term stable cash flows from a world-class asset run by one of the world’s premier diversified mining companies;
diamond markets exhibit strong demand with stable growth predicted over the near future;
more than 50% of the Company’s attributable gold equivalent production is generated from mines operated by large, reliable, diversified mining companies;
the Company’s gold-based revenue stream will remain above 80%; and,
Sandstorm’s corporate development efforts remain focused on gold transactions.

“Adding a royalty from the world-class Diavik Mine brings approximately US$7 million to US$8 million per annum in additional long-term, stable cash flows to Sandstorm’s portfolio,” said President and CEO Nolan Watson. Watson added, “With this transaction, over 50% of Sandstorm’s free cash flow will come from mines operated by large, multi-asset mining companies including Glencore, Rio Tinto, Newmont, Primero, AngloGold Ashanti and Yamana. We are committed to growing our portfolio of streams and royalties and we will maintain our focus on gold. At present, over 95% of the potential transactions in our deal pipeline are precious metals opportunities, and with approximately US$140 million of cash and available credit facilities, we are well positioned to take advantage of this deal pipeline.”

With the addition of the Diavik Mine Royalty, Sandstorm’s production for 2015 is now forecasted to be between 40,000 to 50,000 attributable gold equivalent ounces. The Company is forecasting attributable gold equivalent production of approximately 50,000 ounces per annum in 2018, excluding any ounces that may come from Luna Gold Corp.’s Aurizona mine in Brazil.

— ABOUT THE DIAVIK MINE

The Diavik Mine is Canada’s largest diamond mine, located on a 20 square kilometre island at Lac de Gras, Northwest Territories, approximately 300 kilometres from Yellowknife. The mine is 60% owned, and operated, by Rio Tinto plc and is 40% owned by Dominion Diamond Corporation.

Diavik began producing diamonds in January 2003, and has since produced more than 90 million carats (“Mcts”) from three kimberlite pipes (A154 South, A154 North, and A418). Rio Tinto plc has recently approved the development of open pit mining from a fourth pipe (A21). The kimberlite pipes at Diavik are exceptionally high-grade in nature, making it one of the most profitable diamond mines in the world. The current mine plan is expected to take the mine’s production to at least 2023.

For more information on the Diavik Mine, visit the Rio Tinto or Dominion Diamond website:
www.riotinto.com/diamondsandminerals/diavik-2232.aspx
www.ddcorp.ca/operations/diavik-mine

[tntxrxwelle]

Antwort auf Beitrag Nr.: 49.398.905 von KMST am 23.03.15 15:37:10

Haut einen nicht unbedingt vom Stuhl. Zudem ist der Diamantenmarkt recht intransparent. Im Übrigen ist mir nicht ganz klar, wieso das Team von Sandstorm nun plötzlich über eine Expertise im Diamantenbereich verfügen sollte.