SANDSTORM GOLD -- ehemals --Sandstorm Resources - Älteste Beiträge zuerst (Seite 92)

[MONSIEURCB]

Na, du tapferer Alleinunterhalter?
Glaubst du wirklich immer noch an diesen "Wert"?
Ich hatte ihn schon 3 x - und hab ihn 3 x mit Velust wieder verkauft.
OK, falsches Timing & my fault ... aber warum nicht Wheaton oder Franco Nevada????

[KMST]

SANDSTORM GOLD INCREASES CREDIT FACILITY TO US$150 MILLION

Vancouver, British Columbia | December 20, 2017
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSEAMERICAN: SAND, TSX: SSL) is pleased to announce that it has amended its revolving credit agreement (the “Revolving Loan”), allowing the Company to borrow up to US$150 million for general corporate purposes, including paying dividends.

The syndicate of banks include The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce, and Royal Bank of Canada. The Revolving Loan has a term of four years, maturing on December 20, 2021.

[KMST]

Antwort auf Beitrag Nr.: 56.511.125 von MONSIEURCB am 20.12.17 23:47:49

ja bin ich und bin auch erst 35% vorne, da ging einiges besser...

Einfaches Einfügen von wallstreetONLINE Charts: So funktionierts.

chart sieht auch bis 3 jahre ähnlich aus. sandstorm beginnt besser zu laufen als der rest.
franco ist natürlich der goldstandart der royalties und ging langfristig auch gut durch den bärenmarkt plus dividende

Einfaches Einfügen von wallstreetONLINE Charts: So funktionierts.

[KMST]

[KMST]

Sandstorm Gold Announces Record Production, Completes Sale of US$18 Million of Equinox Securities and Provides Asset Updates


VANCOUVER, Jan. 3, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSEAMERICAN: SAND, TSX: SSL) is pleased to announce record gold equivalent production in 2017, the sale of US$18 million of securities of Equinox Gold Corp. ("Equinox"), as well as recent updates from the Company's royalty properties.

— Sandstorm Sells Record Number of Gold Equivalent Ounces in 2017

During the 2017 year, Sandstorm sold approximately 54,600 attributable gold equivalent ounces1 (FY 2016 – 49,731 ounces), the highest yearly total in Company history. The attributable gold equivalent ounces were generated from 20 streams and royalties, with approximately 80% of the ounces coming from operations run by major and mid-tier mining companies.

— Sandstorm Sells Securities of Equinox for Proceeds of US$18 Million; Business Combination to form Equinox Gold Completed

Sandstorm has completed the sale of US$15 million worth of Equinox convertible debentures and US$3.2 million of Equinox common shares to Ross Beaty. The sale was previously announced on October 25, 2017 and was subject to the closing of the business combination between Trek Mining, NewCastle Gold Ltd. (CTMQF) and Anfield Gold Corp., which was completed on December 22, 2017. The new entity, Equinox, has approximately C$98 million in cash and marketable securities and a US$85 million credit facility. With the available capital, the Aurizona project in Brazil is fully funded to production.

The final key permit for restarting construction and mining at Aurizona was received in November, allowing Equinox to complete construction activities and expand the mill throughput to 8,000 tonnes per day. Early works construction is underway and Equinox is on track to pour gold at Aurizona in late 2018. The operation is expected to produce an average of 136,000 ounces of gold per year.

For more information, visit the Equinox website at www.equinoxgold.com and see the press releases dated November 16, 2017 and December 22, 2017.

Sandstorm has a 3% - 5% sliding scale net smelter returns ("NSR") royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR royalty on the Aurizona Greenfields property, a 190,073 hectare package of exploration ground adjacent to the Aurizona project. An exploration agreement with AngloGold Ashanti Limited ("AngloGold") was announced in 2016, whereby AngloGold may invest US$14 million in exploration to earn a 70% interest in Aurizona Greenfields.

— Development Continues at Hot Maden

Lidya Madencilik San. ve Tic. A.Ŕ. ("Lidya Madencilik") is continuing to advance the Hot Maden project located in northeast Turkey. Recent work has included mine design, metallurgical test work, geotechnical analysis, environmental studies and exploration drilling. This work is culminating in a Pre-Feasibility study which is on track to be released in the first half of 2018.

Approximately 25,000 metres of infill and exploration drilling has been completed at Hot Maden during 2017. Recent drill highlights include:

HTD-157: 28.0 metres of 47.5 g/t gold and 1.65% copper from 287.0 metres including,
7.0 metres of 97.6 g/t gold and 3.86% copper from 308.0 metres;
HTD-159: 3.5 metres of 32.3 g/t gold and 0.87% copper from 165.5 metres and 4.0 metres of 7.4 g/t gold and 1.74% copper from 210.0 metres.

For QA/QC information see the appendix of this news release. Sandstorm has a 30% profits interest and a 2% NSR royalty on the Hot Maden project.

— Columbus Gold and Nordgold Announce Decision to Proceed with Construction on Montagne d'Or

Columbus Gold Corp. ("Columbus Gold") and Nord Gold SE ("Nordgold") announced the decision to proceed with construction of the Montagne d'Or gold mine in French Guiana. Commencement of construction is subject to additional requirements including a public consultation and the receipt of required permits and authorizations. The Environmental and Social Impact Study is expected to be submitted during the first quarter of 2018 and the mine permit application is expected to be completed in the third quarter of 2018.

For more information, visit the Columbus Gold website at www.columbusgoldcorp.com and see the press release dated December 18, 2017.

Sandstorm has a 1.0% NSR royalty on the Montagne d'Or project.

— Antofagasta Earning into Ball Creek Property

Evrim Resources Corp. ("Evrim") announced that they have signed a definitive agreement with Antofagasta plc ("Antofagasta") to earn into the Ball Creek property in northwestern British Columbia. Under the terms of the agreement, Antofagasta can earn an initial 51% by spending US$6 million over a six year period. Antofagasta has committed to spending US$300,000 as a firm commitment, during the first year of the agreement. If Antofagasta chooses to earn their initial interest, they may elect to earn an additional 19% interest by spending either US$25 million or completing a Pre-Feasibility study.

For more information, visit the Evrim website at www.evrimresources.com and see the press release dated May 15, 2017.

Sandstorm holds a 2% NSR royalty on the Ball Creek property.

— Sandstorm Completes Disposition of Cote d'Ivoire Assets and Files Early Warning Report

Awalé Resources Limited ("Awalé") has completed the acquisition of several Cote d'Ivoire assets that were previously controlled by Mariana Resources Ltd. (MRLDF), which was acquired by Sandstorm in July 2017. As consideration for the transaction, Sandstorm received a 2% NSR royalty over the Bondoukou, Abengourou and Odienné projects areas and will receive C$400,000 in cash or shares of Awalé on each anniversary of the acquisition until commercial production is achieved.

The land package Awalé holds is currently 1,589 km2, with application for an additional 2,393 km2. In 2018, the planned work at Bondoukou includes geochemistry followed up by 5,000 to 7,500 metres of RC drilling to test targets. A regional survey is expected to commence at Odienné and reconnaissance mapping and sampling is planned at Abengourou.

Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm is announcing the acquisition of an aggregate of 3,137,200 common shares ("Awalé Shares") and 500,000 share purchase warrants ("Awalé Warrants") of Awalé. Sandstorm acquired 1,000,000 shares and 500,000 warrants pursuant to a private placement conducted by Awalé. The remaining 2,137,200 shares were acquired by Sandstorm upon the conversion of certain debt owed by Awalé to Sandstorm in connection with the Cote d'Ivoire transaction.

With the acquisition of Awalé Shares, Sandstorm now holds an approximately 10.9% of the outstanding common shares. If Sandstorm exercises the Awalé Warrants, it would then hold 12.4% of the then issued and outstanding Awalé shares (on a partially diluted basis).

The acquisition of the Awalé Shares by Sandstorm was effected for investment purposes. Sandstorm may from time to time acquire additional securities of Awalé, 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 the Company on Awalé's SEDAR profile at www.sedar.com.

For more information, visit the Awalé website at www.awaleresources.com and see the press releases dated November 15, 2017 and December 29, 2017.

— McEwen Announces Timmins Exploration Program

McEwen Mining Inc. ("McEwen") announced a strategic financing of US$10 million to accelerate exploration at their properties near Timmins, Ontario, with a focus on the Black Fox property. Deep exploration drilling below the bottom of the known mineralization at Black Fox is a high priority and a program of deep directional exploration drilling from surface is underway. Black Fox currently hosts resources to a depth of 880 metres.

Another important target on the Black Fox property is the area around the Froome deposit, located 800 metres to the west of the Black Fox mine. An additional exploration program has been proposed to test the geologic structure to the northwest and southeast of the mine.

For more information, visit the McEwen website at www.mcewenmining.com and see the press release dated December 1, 2017.

Sandstorm has a gold stream agreement to purchase 8% of the gold produced from Black Fox at an ongoing cost of US$531 per ounce.

— Metanor Hits Multiple Gold-Bearing Shear Zones at Barry and Begins Underground Drilling Moroy Veins at Bachelor Lake

Metanor Resources Inc. ("Metanor") has announced that their ongoing exploration program at the Barry gold deposit has successfully identified multiple gold bearing shear zones. The results from this drilling campaign continue to expand the size and confirm the continuity of these structures. Metanor has identified the presence of mineralization along a strike length of 900 metres and to a depth of 550 metres. Highlighted drill intercepts in the quartz-pyrite veins associated with the shear zones include:

MB-17-113: 2.6 metres of 7.8 g/t gold from 165.0 metres;
MB-17-118: 4.0 metres of 5.2 g/t gold from 230.0 metres;
MB-17-120: 4.3 metres of 5.8 g/t gold from 422.0 metres; and
MB-17-122: 2.0 metres of 14.5 g/t gold from 308.0 metres.

A drilling program is also underway at the Bachelor Lake mine. Metanor began the development of an exploration drift to test the extension of the Moroy veins at depth. The exploration drift development is expected to reach the Moroy veins in January 2018, after which the development team will verify the lateral extension and the continuity of the veins. Assay results from the first two holes are shown below:

MY17-001: 2.0 metres of 4.6 g/t gold from 302.1 metres;
MY17-002: 0.6 metres of 20.4 g/t gold from 327.6 metres and 1.2 metres of 41.6 g/t gold from 375.3 metres.

During Metanor's annual general meeting, they provided a list of goals for 2018. These goals included accessing and developing the Moroy deposit, exploring Bachelor and Moroy at depth, obtaining all environmental authorizations to increase the mill capacity to 2,400 tonnes per day and increasing annual production at Bachelor Lake to 50,000 ounces.

The goals related to the Barry deposit include completing an underground bulk sample and exploring the Urban-Barry Camp. By 2020, Metanor has set a goal to reach a production rate of 100,000 ounces of gold per year.

Sandstorm amended the Bachelor Lake gold stream with Metanor on October 1, 2017. Sandstorm will receive a minimum of 1,500 ounces of gold per quarter until 12,000 ounces of gold have been delivered and then the gold stream will then convert to a 3.9% NSR royalty. In addition to this, Sandstorm holds an additional 1.0% NSR royalty on Bachelor Lake. At Barry, Sandstorm has a NSR royalty of 4.4%-4.9%.

True widths are estimated to range between 70%-95% of core lengths at Barry and 65%-85% of core lengths at Bachelor Lake. Grades were uncapped at both Barry and Bachelor Lake. For more information and full drill results, visit the Metanor website at www.metanor.ca and see the press releases dated November 2, 2017 and November 15, 2017.

— Alexandria Continues to Expand Shallow Gold Mineralization at Orenada Zone 4

Alexandria Minerals Corporation ("Alexandria") announced the assay results from 10 drill holes completed in its summer exploration program at Orenada Zone 4. The Zone 4 project is located at the western end of Alexandria's 35 kilometre-long Cadillac Break property package. The reported results confirm gold mineralization east of the Zone 4 open pit over a 250 metre strike length and expand the limits of the 2009 resource estimate. Highlights of the reported drill intercepts include:

OAX-17-168: 17.5 metres of 8.6 g/t gold from 24.8 metres and 35.7 metres of 4.3 g/t gold from 223.3 metres;
OAX-17-156: 131.5 metres of 1.7 g/t gold from 104.9 metres including 47.2 metres of 2.7 g/t gold from 189.2 metres; and
OAX-17-160: 127.8 metres of 1.0 g/t gold from 125.0 metres including 33.5 metres of 1.5 g/t gold from 125.0 metres.

Eric Owens, President and CEO of Alexandria stated "These exciting results emphasize potential for both growth and grade at Zone 4. We are finding a very robust core area that extends 1,100 metres along strike, down to 300 metres at depth and continues to be open in all directions. Our ongoing geologic and resource modelling efforts are being confirmed and strengthened as results come in. With assay results pending for 70 holes, we expect further great results for the rest of the year."

Lengths are reported as drill core lengths but are considered to be close to true vertical thickness; vertical depth is estimated at 97% of core length. Assay intersections are reported using a 0.5 g/t Au cut-off for bulk runs, and a 2.0 g/t Au cut-off for the higher-grade veins. For more information and complete drill results, visit the Alexandria website at www.azx.ca and see the press release dated October 26, 2017.

Sandstorm holds a 1% NSR royalty and NSR buy-back rights on the Cadillac Break property group in the Val d'Or area.

— Gowest Gold Intersects 66.7 g/t Gold Over 2.5 Metres at Bradshaw

Gowest Gold Ltd. ("Gowest") reported assay results from their recently completed underground infill drilling program at the Bradshaw gold deposit. Results have been received from 17 of the 29 holes drilled in this campaign and assay results from the remaining holes are expected in the coming weeks. Drill result highlights include:

BGM17-045-015: 2.5 metres of 66.7 g/t gold from 73.0 metres including 1.0 metre of 156.0 g/t gold;
BGM17-045-004: 1.75 metres of 11.0 g/t gold from 84.8 metres including 0.5 metres of 26.5 g/t gold; and
BGM17-045-014: 1.1 metres of 16.4 g/t gold from 95.1 metres including 0.5 metres of 32.2 g/t gold.

Underground development is advancing at Bradshaw in preparation for a 30,000-tonne bulk sample. The bulk sample is being taken from an area of the deposit closest to the portal opening and ore will be sorted to increase the head grade before being trucked to the Liberty Mill where a saleable concentrate will be produced.

The above intervals reflect approximate true widths of the mineralization. Reported gold values are uncapped. For more information and complete drill results, visit the Gowest website at www.gowestgold.com and see the press release dated November 29, 2017.

Sandstorm holds a 1% gross smelter returns royalty on Bradshaw.

— Appendix

All assay data from the Hot Maden project was provided to Sandstorm by Lidya Madencilik. Most samples are 1.0 or 2.0 metres in width. Drill hole intercepts are approximately 75-85% of true thickness. The previously mentioned drill intercepts were calculated using a 1.0 g/t Au low grade cut-off and assays were not capped. The minimum reported interval is 2.0 meters @ 1.0 g/t Au; intercepts may include one sample interval of internal dilution and one interval of adjacent dilution.

Main Zone: HTD-157 (TD: 462m)
Drill hole HTD 157 was drilled to the east (090) on section 2075N within the southern end of the known resource. The hole was inclined at an angle of -54°. (Technical Report - PEA dated March 1, 2017). The hole intercepted the west dipping gold and copper mineralized zone hosted in the andesite unit.

South Zone: HTD-159 (TD: 369)
Drill hole HTD 159 was drilled to the east within the north end of the South Zone at an angle of -56. The hole contains multiple zone of gold mineralization hosted within the dacite breccia unit.

Hot Maden mineralized intervals presented in this press release are drill intersection widths and may not represent true widths of mineralisation. Drill core obtained from the diamond drill program was dominantly HQ-sized core with the remainder being PQ-sized core. All drill core was photographed and quick logged prior to sampling. Standard sampling protocol involved the halving of all drill core and sampling over generally 1 metre intervals in clearly mineralized sections or 2.0 metre intervals elsewhere, with one half of the core being placed in a sealed sample bag and dispatched to the analytical laboratory for analysis. Samples have been analysed at ALS Laboratories' facility in Izmir, western Turkey. All samples have been analysed for gold using a 30 gram Fire Assay with AAS finish (or Screen Fire Assay for higher grade samples), in addition to a 32 element ICP-AES analysis of an aqua regia digest. Samples in which ICP analyses returned greater than the maximum detection limit for the elements Ag (10 ppm), Cu (10,000 ppm), Fe (15%), Pb (10,000 ppm), and Zn (10,000 ppm) were reanalysed using the AAS analytical technique. Standards and blanks were inserted in to the analytical sequence on the basis of one standard for every 20 samples, 2 blanks in every batch, and one duplicate every 40 samples.

Reference: NI-43-101 Technical Report: PEA Hot Maden Gold Copper Project, Artvin Province, Turkey; March 1, 2017; McDiarmid, J. et al., RungePincockMinarco.

— Qualified Person

Keith Laskowski (MSc), Sandstorm's Vice President, Technical Services is a Qualified Professional (#01221QP) of the Mining and Metallurgical Society of America and a Qualified Person as defined by Canadian National Instrument 43-101. He has reviewed and approved the technical information in this press release.

[KMST]

Shell Summary for Jan. 2, 2018
2018-01-02 21:12 ET - Market Summary
by Stockwatch Business Reporter


The TSX Venture Exchange climbed 20.35 points to 871.07 Tuesday. Ron Ho's first capital pool shell, the halted Spada Gold Ltd. (SPL), has completed its qualifying transaction, acquiring three gold properties in the Ivory Coast (see Shell Summary for Nov. 17, 2017). In connection with the QT, Spada raised $3.49-million at 25 cents. It will change its name to Awale Resources Ltd. and expects to resume trading on Jan. 8 under the new ticker symbol ARIC.

All three of the gold properties, Boudoukou, Abengourou and Odienne, came from Sandstorm Gold Ltd. (SSL: $6.32), where Mr. Ho is vice-president of finance. He has been with Sandstorm for the past nine years. Spada paid nothing up front. Instead, it arranged to pay Sandstorm $400,000 a year in cash or shares until the properties reach production. It must also pay fees of up to $3.5-million once it establishes a mineral resource and then $800,000 (U.S.) once it obtains a mining licence.

Sandstorm acquired the properties this past summer, when it bought Mariana Resources Ltd. for $175-million (U.S.) in cash and shares. Sandstorm was mainly interested in Mariana's Hot Maden gold project in Turkey. Both Glen Parsons, Mariana's chief executive officer, and Eric Roth, Mariana's chief operating officer, have agreed to join Awale. They are already planning a drill program for the first quarter. Mariana had spent $1.4-million at the three properties, almost all of which was at Boudoukou.

As for Spada Gold, it listed in April, 2016, with a $200,000 initial public offering at 10 cents. Mr. Ho owns 1.93 million shares or 8.7 per cent of Spada. He will stay on as a director. He is also on the board of GrowMax Resources Corp. (GRO: $0.105), which is exploring for potash in Peru.

[freddy1989]

Naja in kürze kommen Geschäftszahlen dann wissen wir mehr

[KMST]

Sandstorm Gold Announces 2017 Fourth Quarter and Annual Results

Thu February 15, 2018 5:40 PM|PR Newswire|About: SAND
Q4: 02-15-18 Earnings Summary
News
VANCOUVER, Feb. 15, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSEAMERICAN: SAND, TSX: SSL) has released its results for the fourth quarter and year ended December 31, 2017 (all figures in U.S. dollars).

— Fourth Quarter Highlights

Attributable gold equivalent ounces sold1 of 12,032 ounces (Q4 2016 – 13,245 ounces);
Revenue of $15.4 million (Q4 2016 - $16.5 million);
Operating cash flow of $9.9 million (Q4 2016 – $10.1 million);
Net income of $0.7 million (Q4 2016 – net loss of $0.02 million);
Credit Facility Amendment: The Company's revolving credit facility was increased to $150 million and amended such that the facility can be used for general corporate purposes. The tenure of the facility is four years.
Royalty Acquisition: Agreed to acquire a 2% net smelter return ("NSR") royalty on the Houndé gold mine in Burkina Faso, operated by Endeavour Mining Corporation ("Endeavour"). The royalty was acquired from Acacia Mining plc for $45 million in cash and covers the Kari North and Kari South tenements, representing approximately 500 square kilometres of the Houndé property package.
— Full Year Highlights

Record attributable gold equivalent ounces sold1 of 54,633 ounces (FY 2016 – 49,731 ounces);
Record revenue of $68.3 million (FY 2016 - $62.4 million);
Average cash cost per attributable gold equivalent ounce of $280 resulting in cash operating margins1 of $970 per ounce (FY 2016 - $258 per ounce and $996 per ounce respectively);
Record operating cash flow of $44.8 million (FY 2016 – $39.0 million);
Net income of $10.5 million (FY 2016 –$25.3 million);
Royalty Acquisitions: During 2017, the Company acquired 39 NSR royalties on properties located in Canada, Mexico, Peru, Botswana, Burkina Faso, Côte d'Ivoire and South Africa. The acquisitions added NSR royalties on operating mines, development-stage assets and exploration-stage projects.
Hot Maden Anchor Asset: Sandstorm added a 30% net profits interest on the Hot Maden project in Turkey by acquiring Mariana Resources Ltd. (MRLDF) ("Mariana Resources"). The addition of Hot Maden to the Company's portfolio of royalties provides for:
approximately 100% increase in estimated future production for only 19% dilution;
an anchor asset that is high-grade and low-cost with significant exploration upside;
a strong local partner with experience in exploring, developing, permitting and operating projects in Turkey; and
exploration properties in Côte d'Ivoire, Turkey, and Argentina which Sandstorm intends on selling and retaining NSR royalties. Sandstorm has sold a number of these assets and continues to make progress in divesting of the remaining properties.
Monetization of Securities: More than $14 million of non-core assets were monetized and reinvested into royalty acquisitions during 2017 and an additional $18.3 million in securities was sold subsequent to quarter end.
Gold Stream Amendment: The Bachelor Lake gold stream with Metanor Resources Inc. ("Metanor") was amended such that Sandstorm will purchase 20% of the gold produced from the Bachelor Lake mine until 12,000 ounces of gold have been purchased by the Company at which time the gold stream will convert into a 3.9% NSR royalty. In consideration for the amendment, Sandstorm also received a 3.9% NSR royalty on Metanor's Barry project and $2.0 million in the common shares of Metanor. The amendment allows Sandstorm to maintain meaningful exposure to production from the Bachelor Lake mine while adding a royalty on the Barry project, an advanced exploration-stage asset located in the emerging Urban-Barry camp.
Normal Course Issuer Bid: Under Sandstorm's normal course issuer bid, the Company is able to purchase approximately 7.6 million common shares until April 4, 2018. During the year ended December 31, 2017, the Company purchased approximately 4.1 million common shares.
Sandstorm's President & CEO, Nolan Watson reflected, "When looking back on the 2017 year, I'm glad to say that we accomplished our objectives and exceeded our goals. As we move forward the Company has a strong cash flow base and a number of exciting projects advancing towards production that will bring substantial growth in the coming years. We've seen another very active period on the exploration side of things with more than 500,000 metres drilled on Sandstorm properties. This represents a huge amount of potential upside for our shareholders. In 2018 our continued focus will be to make royalty acquisitions in order to grow and diversify our portfolio."

— Outlook

Based on the Company's existing royalties, attributable gold equivalent production for 2018 is forecast to be between 50,000 and 60,000 ounces. The Company is forecasting attributable gold equivalent production of approximately 125,000 ounces per annum in 2022.

[KMST]

http://incakolanews.blogspot.de/2018/02/sandstorm-files-its-…

[KMST]

Sandstorm Gold Provides Asset Updates

Mon February 26, 2018 4:09 PM|PR Newswire|About: SAND
VANCOUVER, Feb. 26, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSEAMERICAN: SAND, TSX: SSL) is pleased to provide recent development and exploration updates from the Company's royalty properties.

—McEwen Announces 100,000 Metre Exploration Program at the Black Fox Complex

McEwen Mining Inc. ("McEwen") announced details on a US$10 million exploration program at the Black Fox property. The program will include approximately 100,000 metres of drilling to test for extensions of existing resources, to follow-up on significant drill results, and to investigate new exploration targets. Of the total drilling program, 60,000 metres will be surface drilling and 40,000 metres will be underground exploration and delineation drilling. Targets for the 2018 program include Black Fox Deep, Tamarack, Froome, and Grey Fox.

In 2017, underground exploration was focused on extensions of existing resources proximal to the Black Fox mine infrastructure, as well as areas below and along strike of the deposits. Through this exploration program, several advanced development targets were brought into a conceptual mine plan, including the High Quartz zone, extensions of the Deep Central zone, and the Far East zone. The 2017 drill program at the Deep Central zone included definition drilling and tested down plunge and down dip. Highlights of the assay results include:

740-L275-71: 1.8 metres of 41.0 grams per tonne ("g/t") gold from 6.3 metres and 6.1 metres of 36.9 g/t gold from 26.1 metres (from 740 metre elevation);
680-F115-09: 4.0 metres of 77.3 g/t gold from 73.6 metres (at 840 metre elevation);
520-EX346-35: 1.7 metres of 29.5 g/t gold from 385.6 metres (at 675 metre elevation);
520-EX346-23: 5.1 metres of 39.6 g/t gold from 357.2 metres (at 830 metre elevation); and
520-EX346-17: 3.9 metres of 7.2 g/t gold from 474.1 metres (at 910 metre elevation).
There is no top cut or cap of assays and intervals are not true width. For more information and complete drill results, visit the McEwen website at www.mcewenmining.com and see the press release dated January 17, 2018.

Sandstorm has a gold stream agreement to purchase 8% of the gold produced from Black Fox at an ongoing cost of US$540 per ounce.

—Equinox Gold Announces Full-Scale Construction at Aurizona

Equinox Gold Corp. ("Equinox Gold") has announced full-scale construction at the Aurizona Gold mine in Brazil. Equinox Gold's board of directors has approved a total project budget of US$146 million, which includes all working capital and a 12% contingency. The project remains on schedule and on budget as they advance toward the target of pouring gold in late 2018. Construction of the mine is fully funded by Equinox Gold's existing treasury and a US$85 million secured project credit facility.

A 22,000 metre drilling program completed at Aurizona during 2017 has confirmed the extension of mineralization 350 metres along strike to the west of the Piaba deposit and at depth below the shallow western end of the reserve pit. Highlights from recent drill results include:

BRAZD566: 9.0 metres of 4.6 g/t gold from 127.0 metres;
BRAZD567: 19.0 metres of 2.0 g/t gold from 81.0 metres;
BRAZD571: 6.0 metres of 6.6 g/t gold from 50.0 metres;
BRAZD579: 8.0 metres of 3.4 g/t gold from 73.0 metres;
BRAZD585: 34.0 metres of 1.7 g/t gold from 58.0 metres; and
BRAZD586: 34.0 metres of 1.0 g/t gold from 45.0 metres.
Equinox Gold has planned a 34,000 metre drill program in 2018 that will focus on resource growth, target development and discovery.

True widths of the mineralized intervals are interpreted to be 60% - 90% of the reported lengths. For more information and complete drill results, visit the Equinox Gold website at www.equinoxgold.com and see the press releases dated January 8, 2018, January 10, 2018 and February 12, 2018.

Sandstorm has a 3% - 5% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR royalty on the Aurizona Greenfields property, a 190,073 hectare package of exploration ground adjacent to the Aurizona project. An exploration agreement with AngloGold Ashanti Limited ("AngloGold") was announced in 2016, whereby AngloGold may invest US$14 million in exploration to earn a 70% interest in Aurizona Greenfields.

—Kirkland Lake Announces New Shaft Project for the Macassa Mine

Kirkland Lake Gold Ltd. ("Kirkland Lake") has announced a planned investment to build a new shaft at the Macassa mine in Ontario, Canada. The new shaft will offer a number of important benefits to the Macassa mine, including: de-risking the operation, enabling more effective underground exploration to the east of the South Mine Complex, improving general working conditions in the mine, and supporting higher levels of production. The planned 2018 budget for the shaft is approximately US$40 million.

For more information visit the Kirkland Lake website at www.klgold.com and see the press release dated January 17, 2018.

Sandstorm holds a 2% NSR royalty on the HM Claim, which is located east of the South Mine Complex at the Macassa Mine.

Figure 1: Location Map of Sandstorm's Royalty on the HM Claim

—Sandstorm Announces Disposition of Argentinian Assets

New Dimension Resources Ltd. ("New Dimension") has agreed to acquire three Argentinian assets from Sandstorm that were previously controlled by Mariana Resources Ltd. (MRLDF) ("Mariana"). Sandstorm acquired Mariana in July 2017. As consideration for the transaction, Sandstorm receives a 2% NSR royalty over the Las Calandrias, Los Cisnes and Sierra Blanca properties and will receive C$400,000 in cash or shares of New Dimension on each anniversary of the acquisition until December 31, 2032, or earlier if certain events occur, including the commencement of commercial production.

Approximately C$25 million has been spent exploring these Argentinian properties. The Las Calandrias property hosts an Indicated Mineral Resource of 491,000 ounces gold equivalent ("AuEq") ounces at a grade of 1.3 g/t AuEq and an Inferred Mineral Resource of 28,000 AuEq ounces at a grade of 1.0 g/t AuEq (based on 0.3 g/t cut-off grade for oxide and mixed material and 0.7 g/t for sulfides). In addition, there are several drill-ready targets within the Las Calandrias concession and immediate district that have been identified. At the Los Cisnes property, previous drilling at the project identified two main target zones: El Brio and El Solar. Los Cisnes is located 75 kilometres southwest of Yamana Gold's Cerro Moro mine. The Sierra Blanca property is located 40 kilometres NW of Anglogold Ashanti's Cerro Vanguardia mine. Four targets have been identified along strike at Sierra Blanca, through channel sampling completed by Mariana.

New Dimension plans to complete a non-brokered private placement to raise gross proceeds of up to C$3 million. Proceeds will be used for exploration and business development activities focused on advancing the Argentinian assets. Completion of the private placement is a condition to the closing of the property acquisitions from Sandstorm. Closing of the financing is scheduled to occur on or about March 29, 2018.

For more information, visit the New Dimension website at www.newdimensionresources.com and see the press release dated February 20, 2018.

—Metanor Extends Moroy Vein System at Bachelor Lake and Moves Towards Underground Bulk Sample at Barry

Metanor Resources Inc. ("Metanor") has announced that underground exploration drilling at the Bachelor Lake mine site has successfully extended the new Moroy veins to depth by more than 100 vertical metres. The drilling at Moroy will continue moving forward from the existing drill bay with a focus to define the extension at depth and along strike. A second drill bay has been excavated and drilling has commenced with two drill rigs to accelerate the exploration program. Highlighted drill results in the Moroy sector include:

MY-17-002: 1.8 metres of 27.9 g/t gold from 375.3 metres;
MY-17-005: 2.1 metres of 7.5 g/t gold from 299.7 metres;
MY-17-006: 0.6 metres of 11.2 g/t gold from 302.6 metres; and
MY-17-007: 2.7 metres of 7.4 g/t gold from 409.5 metres.
In 2017, Metanor drilled 49,000 metres at the Barry project, located about 65 kilometres south of the Bachelor Lake mine site. The drill results continue to expand the size and further confirm the continuity of the shear structures. Metanor is planning to initiate an underground bulk sample program in early March to verify the continuity and grade distribution of the multiple shear zones. The plan for the bulk sample program is to send 10,000 tonnes of ore to the Bachelor Lake mill in order to reconcile the mill head grade with the mining grade in a defined sector. Highlighted drill results at Barry include:

MB-17-37 Extension: 4.6 metres of 14.3 g/t gold from 498.0 metres;
MY-17-129: 1.0 metres of 20.3 g/t gold from 334.6 metres; and
MY-17-137: 4.5 metres of 10.4 g/t gold from 367.5 metres.
True widths are estimated to range between 85% - 90% of core lengths at Bachelor Lake and 70% - 95% of core lengths at Barry. Grades were uncapped at both Bachelor Lake and Barry. For more information and complete drill results, visit the Metanor website at www.metanor.ca and see the press releases dated January 17, 2018 and January 19, 2018.

Sandstorm amended the Bachelor Lake gold stream with Metanor on October 1, 2017. Sandstorm will receive a minimum of 1,500 ounces of gold per quarter until 12,000 ounces of gold have been delivered and then the gold stream will convert to a 3.9% NSR royalty. In addition to this, Sandstorm holds an additional 1.0% NSR royalty on Bachelor Lake. At Barry, Sandstorm has a NSR royalty of 3.9% - 4.9%.

—Erdene Releases Highest Grade Result to Date with 2,200 g/t Gold over 1.0 metre at Bayan Khundii

Erdene Resource Development Corp. ("Erdene") announced the highest grade gold intersection encountered to date at the Bayan Khundii Gold project in southwest Mongolia. The exploration program at Bayan Khundii was developed to identify high priority structural targets. This included testing the recently discovered North Midfield Zone with closer-spaced drilling and testing new structural targets and extensions at depth. Other mineralized zones were tested in the North Midfield target area and the extension of the Striker Zone. Highlights from the recent exploration program at Bayan Khundii include:

BKD-230: 127.5 metres of 1.8 g/t gold from 31.0 metres including 25.0 metres of 5.8 g/t gold;
BKD-231: 14.0 metres of 158.3 g/t gold from 193.0 metres including 1.0 metres of 2,200.0 g/t gold; and
BKD-232: 36.5 metres of 5.6 g/t gold from 90.5 metres including 22.0 metres of 8.3 g/t gold.
During the first quarter of 2018, Erdene's technical team is assessing the results of the 2017 exploration program to determine what additional drilling may be required prior to preparing an independent resource evaluation.

Reported intervals are not true widths. For more information and for complete drill results visit Erdene's website at www.erdene.com and see the press release dated January 10, 2018.

Sandstorm has a 2% NSR royalty on Erdene's Bayan Khundii and Altan Nar properties.

—Alexandria Minerals Extends Gold Mineralization by 900 Metres to the West at Orenada Zone 4

Alexandria Minerals Corporation ("Alexandria") has completed 43,500 metres of drilling in 170 drill holes during the last 14 months. The focus has been on the Orenada Zone 4 property. An updated resource estimate, based on the stacked vein sets at Zone 4 and nearby Zone 2, is expected to be completed in early March of this year. Assay results from nine step-out drill holes west of Zone 4 showed that the gold system extends for at least 900 metres west of the Zone 4 area. These step-out drill holes to the west will not be included in the resource update, but will be used as a starting point for Alexandria's 2018 drill program.

Recent step-out drill results include:

OAX-17-191: 14.3 metres of 2.3 g/t gold from 79.1 metres including 6.4 metres of 3.9 g/t gold;
OAX-17-200: 8.6 metres of 2.4 g/t gold from 11.0 metres including 3.3 metres of 4.3 g/t gold;
OAX-17-218: 11.8 metres of 4.0 g/t gold from 14.5 metres including 4.6 metres of 6.7 g/t gold; and
OAX-17-231: 3.5 metres of 5.9 g/t gold from 158.9 metres.
For more information and for complete drill results, visit the Alexandria website at www.azx.ca and see the press release dated February 22, 2018.

Sandstorm holds a 1% NSR royalty and NSR buy-back rights on the Cadillac Break property group in the Val d'Or area.