sandstorm gold
“sector volatility and due diligence equal rapid growth at sandstorm gold. ” — erfan kazemi, cfo sandstorm gold
note: compare sandstorm gold stock price history with the index and industry peers .
sandstorm gold (sand) looks good: stock adds 5. 8% in session
sandstorm gold ltd is a growth focused resource based company that seeks to complete gold purchase agreements with gold mining companies that have advanced stage development projects or operating mines .
sandstorm gold ltd. is a gold streaming and royalty company. sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine. sandstorm has acquired a portfolio of 155 streams and royalties, of which 20 of the underlying mines are producing. sandstorm plans to grow through accretive acquisitions of additional gold streams and royalties .
sandstorm provides upfront financing for gold mining companies that are looking for capital and in return, receives a gold streaming agreement. this agreement gives sandstorm the right to purchase a percentage of the life of mine gold produced, at a fixed price .
vancouver, june 26, 2018 / prnewswire / - sandstorm gold ltd. (dba sandstorm gold royalties ,
sandstorm
or the
company
) (nyse american: sand, tsx: ssl) is pleased to provide a summary ...
sandstorm gold finances gold mining projects through an arrangement called gold streaming. a gold stream involves sandstorm making an upfront payment to a mining partner that is in need of capital to build their mine, refinance their obligations, complete an acquisition or for various other reasons. in exchange for that upfront payment, sandstorm receives a contract which stipulates the ...
sandstorm gold ltd provides financing to companies engaged in gold mining through gold stream and royalty. the company has various mines that are generating revenues located in canada, mexico, brazil and united states .
sandstorm’s second - quarter cash cost per ounce of gold was super low, at $ 261 per ounce .
sandstorm gold ltd. is a gold streaming and royalty company. sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. sandstorm has acquired a portfolio of 155 streams and royalties, of which 21 of the underlying mines are producing. sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties .
sandstorm gold ltd. is a gold streaming and royalty company. sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. sandstorm has acquired a portfolio of 155 streams and royalties, of which 20 of the underlying mines are producing. sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties .
disclosure 16: a bmo nesbitt burns inc. research analyst has extensively viewed the material operations of sandstorm gold .
sandstorm gold is a resource based company that seeks to acquire gold streams (
gold streams
) from companies that have advanced stage development projects or operating mines. in return for making upfront payments to acquire a gold stream, co. receives the right to purchase, at a fixed price per ounce, a percentage of a mine' s gold production for the life of the mine. co. is focused on acquiring gold streams from mines with low production costs, signicant exploration potential and strong management teams. according to our sandstorm gold stock split history records, sandstorm gold has had 1 split .
disclosure 1: bmo capital markets has undertaken an underwriting liability with respect to sandstorm gold within the past 12 months .
disclosure 2: bmo capital markets has provided investment banking services with respect to sandstorm gold within the past 12 months .
sandstorm gold (nysemkt: sand) is a gold streaming company that has been developing in leaps and bounds since listing on the new york stock exchange in august 2012 .
sandstorm' s revenue was generated by 21 producing assets during the period. of the gold equivalent ounces delivered to sandstorm, approximately 43% of the ounces were attributable to mines located in
sandstorm gold can be described as a non - operating gold - mining company, or it can be viewed as a venture capital provider for aspiring or producing precious metal miners .
sandstorm gold stock split history | www. stock split history. com | copyright © 2013 - 2018, all rights reserved
i like that sandstorm’s second - quarter cash cost per ounce of gold was super low, at $ 261 per ounce .
the first quarter results for sandstorm gold are in and the focus for analysts is on the agreement to acquire mariana resources .
cibc world markets inc. has received compensation for investment banking services from sandstorm gold ltd. in the past 12 months .
sandstorm gold finances gold mining projects through an arrangement called gold streaming. a gold stream involves sandstorm making an upfront payment to a mining partner that is in need of capital to build their mine, refinance their obligations, complete an acquisition or for various other reasons. in exchange for that upfront payment, sandstorm receives a contract which stipulates the purchase of a certain percentage of the gold produced from the mine, for the life of the mine, at a fixed per unit cost .
morien resources corp. , sandstorm gold ltd. , alaris royalty corp. , colossus minerals, inc. , enwave corp .
disclosure 4: bmo capital markets or an affiliate has received compensation for investment banking services from sandstorm gold within the past 12 months .
sandstorm gold ltd. is a client for which a cibc world markets company has performed investment banking services in the past 12 months .
this morning, urltoken draws investors' attention to gold, which is the most popular precious metal for investors. gold is a commodity, and, as such, the price for gold fluctuates on a daily basis in the commodity markets. lined up for evaluation today are these four equities: royal gold inc. (nasdaq: rgld), sandstorm gold ltd (nyse amer: sand), sibanye gold ltd (nyse: sbgl), and yamana gold inc. (nyse: auy) .
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. sandstorm is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine .
vancouver, july 3, 2018 / prnewswire / - 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. sandstorm is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine .
the 10 year data of sandstorm gold stock price history can be viewed and downloaded here. our historical data has the open, high, low, close, and volume numbers along with sandstorm gold p / e ratio, and ps ratio. the sandstorm gold stock price history chart shows that the stock price was at a low of $ 2. 02 on jan 20, 2016 over the last five years .
cibc world markets inc. has managed or co - managed a public offering of securities for sandstorm gold ltd. in the past 12 months .
sandstorm' s investor centre provides you with all of the most recent updates on sandstorm' s current assets and recent acquisitions. you can also see the latest presentations from our management team, including sandstorm' s ceo, nolan watson .
“there are significant opportunities out there for streaming royalty companies. it’s exciting to be in the mining industry now. ” –erfan kazemi, cfo sandstorm gold
disclosure 3: bmo capital markets has managed or co - managed a public offering of securities with respect to sandstorm gold within the past 12 months .
cibc world markets inc. expects to receive or intends to seek compensation for investment banking services from sandstorm gold ltd. in the next 3 months .
the mining industry has proven itself to be a bearer of outsized returns but it does not come without risk. with our royalty financing model, sandstorm mitigates many of these common risks to investors. in fact, when compared with investments in gold producers and in physical gold, sandstorm has outperformed on a total return basis over the past 3 years. this is largely due to the fact that the nature of our business allows sandstorm to continue to grow our asset base when commodity markets are out of favour, and then become a cash flow machine when the price of gold is trending up. click below to learn more about why sandstorm gold royalties is the smart gold investment .
disclosure 5: bmo capital markets or an affiliate received compensation for products or services other than investment banking services within the past 12 months from sandstorm gold .
disclosure 8a: bmo capital markets or an affiliate has a financial interest in 1% or more of any class of the equity securities of sandstorm gold .
disclosure 8c: bmo capital markets or an affiliate has a financial interest in 0. 5% or more in the issued share capital of sandstorm gold .
over 30 contracts to acquire new streams and royalties for fixed terms at sandstorm’s discretion .
sandstorm gold is a resource based company that seeks to acquire gold streams (
gold streams
) from companies that have advanced stage development projects or operating mines. in return for making upfront payments to acquire a gold stream, co. receives the right to purchase, at a fixed price per ounce, a percentage of a mine' s gold production for the life of the mine. co. is focused on acquiring gold streams from mines with low production costs, signicant exploration potential and strong management teams .
the combination is subject to uk takeover regulation and, as sandstorm shares are being offered as consideration, there are certain public disclosure requirements imposed on sandstorm shareholders who have positions or deal in sandstorm shares and / or mariana shares which are described in detail below .
sandstorm gold has displayed a very aggressive approach to the business in recent months acquiring a controlling interest in a potential future competitor and also closing their biggest deal to date. their focus is almost exclusively on gold streams from development companies .
sandstorm gold share price history helps an investor analyze a firm' s historical performance when viewed along with it' s financial statements. this helps in sandstorm gold stock analysis. sandstorm gold stock price history captures the daily price movement for 1 year, 5 year, and 10 years. an abnormally high daily 1, 025, 728 typically implies breaking news or earnings release. sand stock saw a high of $ 4. 67, and a low of $ 4. 56 on last trading day. looking at sandstorm gold stock history data, the p / s ratio was at a low of 4. 32 on jan 20, 2016 .
under the terms of the arrangement agreement, shareholders of gold mountain will receive 1. 032 pre - consolidated common shares of lowell copper for each common share of gold mountain held (the
gold mountain exchange ratio
). holders of each outstanding gold mountain convertible security will be entitled to acquire that number of common shares of lowell copper based on the gold mountain exchange ratio .
, representing a 20% premium to the original upfront payment. sandstorm retains a right of first refusal on any future stream or royalty financings related to the bomboré gold project .
marcel de groot: mr. de groot is the co - founder and president of pathway capital ltd. and is also a director of asanko gold. pathway capital ltd. has been involved with numerous successful mining ventures including sandstorm gold and peru copper .
probe metals continues to intersect significant gold mineralization in expansion drilling at val - d’or east, including 4. 1 g / t gold over 15. 4 metres
chip samples revealed gold at grades up to 39. 2 grams per ton .
as mariana is listed in london the combination is subject to uk takeover regulation and, as sandstorm shares are being offered as consideration, there are certain public disclosure requirements imposed on sandstorm shareholders who have positions or deal in sandstorm shares and / or mariana shares which are described in detail below .
sandstorm owns shares in various junior gold miners, including a 7. 5% stake in mariana resources, in which it also acquired a royalty on mariana’s hot maden project in the teck royalty portfolio acquisition. it also owns shares and debt in luna gold .
inferred (southern zone): 1. 3 mt grading 7. 2 g / t gold and 0. 7% copper for contained metal of 0. 31 moz of gold and 10 kt of copper (0. 35 moz gold equivalent )
wherein sandstorm holds a 3% to 5% sliding scale nsr royalty. concurrent with the closing of the transaction, the term debt facility that was owed by luna to sandstorm, in the amount of
unlike silver wheaton, which is solely involved in silver, the sandstorm firms are diversified commodity streamers that complete purchase agreements with miners and energy producers with advanced - stage development projects. as part of these agreements, sandstorm makes an upfront cash payment to its partners and, in exchange, receives the right to purchase a percentage of the asset produced for the life of the mine at a fixed price. sandstorm gold is one of only three companies in the world to stream gold, alongside franco - nevada and royal gold. it has seven streaming agreements with gold mines located in canada, the u. s. , mexico and brazil .
inferred (main zone): 0. 7 mt grading 2. 7 g / t gold and 0. 9% copper for contained metal of 0. 06 moz of gold and 7 kt of copper (0. 09 moz of gold equivalent )
sandstorm gold ltd provides financing to companies engaged in gold mining through gold stream and royalty. the company provides capital to firms that are involved in gold mining and in return, reserves the right to a percentage of the gold produced from a mine or a portion of the revenues generated from the mine. it has acquired over 100 streams and royalties, out of which nearly 18 mines are generating revenues. most of the projects in which the company has interests are located across canada and united states. some of the operational projects are also present in brazil, mexico, peru, chile, sweden, turkey and australia. sandstorm generates the majority of its revenues through the royalty it receives from the sale of gold in canada .
sandstorm has a 1. 5% nsr on gold and silver and a 1% nsr on all other metals produced from los cuarantas. for more information visit the millrock website at urltoken .
sandstorm' s attributable gold equivalent production and revenue showed significant growth when compared to the first quarter of 2016. specifically, gold equivalent production was 37% higher (a record for the company) and revenue was 41% higher. the increase is largely due to additional gold equivalent ounces coming from the diavik royalty, yamana silver stream, chapada copper stream and the karma gold stream. the increases were partially offset by a decrease in ounces from the
attributable gold equivalent ounces from south america and the rest of the world was consistent with the ounces sold during q2 2015, and made up approximately 26% of sandstorm’s total gold equivalent production during the quarter. the addition of copper and silver from the streams on yamana gold inc. ’s chapada and minera florida mines (“yamana streams”) during the quarter more than offset the loss of gold ounces due to the temporary closure of the aurizona mine in brazil .
per sandstorm share on the nyse mkt and a currency exchange rate of £0. 7788 per usd, on
based on the company' s existing gold streams and royalties, attributable gold equivalent production for 2017 is forecast to be between 45, 000 and 55, 000 ounces. the company is forecasting attributable gold equivalent production of over 65, 000 ounces per annum by 2020 .
enjoy my annual breakdown of the most exciting investment vehicles for gold in the year ahead .
vancouver, british columbia | sandstorm gold ltd. (“sandstorm”) (nyse mkt: sand, tsx: ssl) and mariana resources ltd. (“mariana”) (tsx. v: marl, aim: marl) are pleased to announce that the board of directors of sandstorm and the independent directors of mariana have reached an agreement on the terms of a recommended share and cash acquisition by which the entire issued ordinary share capital of mariana (that sandstorm does not already own) will be acquired by sandstorm by means of a court - sanctioned scheme of arrangement under part viii of the companies (guernsey) law (the “combination”) .
we believe that, by combining mariana and sandstorm and converting the hot maden jv interest into a gold stream, we can unlock the inherent value of hot maden and deliver the optimal outcome for shareholders without incurring further equity dilution to finance the interest in hot maden. we believe that hot maden is a unique asset with a robust cash flow profile and will be an anchor gold stream asset that has the potential to more than double sandstorm' s attributable gold equivalent production once in full operation .
18 projects not in cash flow forecast representing over 1. 2 million aueq ounces of resources attributable to sandstorm .
sandstorm is a gold royalty company with a portfolio of over 185 royalties. since 2008, we’ve been a leader in reshaping the mine investment landscape with our innovative royalty model. but that’s just the beginning .
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streams and royalties on canadian mines contributed 34% more gold equivalent ounces to sandstorm when compared to the first quarter of 2016. the change is primarily attributable to an increase in production from the diavik mine in the
watson continued ,
we believe that the mariana transaction announced after quarter - end will transform sandstorm into a leading mid - tier streaming and royalty company. hot maden has the potential to be an anchor asset in the portfolio and is anticipated to more than double sandstorm' s attributable gold equivalent ounces once the mine reaches production .
indicated (main zone): 7. 1 million tonnes (“mt”) grading 12. 2 g / t gold and 2. 3% copper for contained metal of 2. 79 moz of gold and 166 thousand tonnes (“kt”) of copper (3. 43 moz of gold equivalent )
and is situated on claims immediately adjacent to the northeast of the mercedes mine, a gold mine owned and operated by premier gold mines ltd. prior work by millrock has indicated gold - bearing epithermal quartz veining and the main focus of current exploration is an area showing alteration typical of an epithermal gold - silver mineralized system. under the option agreement, centerra can earn a 70% interest by completing
the gold streaming company announced it will combine with mariana resources to create a leading midtier streaming company .
the gold streaming company announced it will combine with mariana resources to create a leading m ...
superior market liquidity for mariana shareholders. over the last 15 months, the daily dollar trading volume of sandstorm has averaged approximately
in cash and 0. 2573 of a sandstorm share for each one mariana share held. the combination values mariana at approximately
in 2008, nolan watson and david awram founded sandstorm with a vision to reshape the mine finance landscape through royalty financing .
my goal today is to look for strategic and / or competitive advantages that set sandstorm apart from the other streaming companies .
chiu noted that
the mariana transaction continues to be a focus, with the preproduction hot maden project accounting for ~ 33% of our nav for the company. we reiterate our initial view of the transaction: success depends on sandstorm gold' s ability to convert its equity participation in the jv to a gold stream .
, sandstorm announced that it had entered into an agreement to acquire all the issued and ordinary share capital of mariana resources ltd. (
mariana
) that sandstorm does not already own. under the terms of the arrangement, mariana shareholders will receive
, luna gold corp. (
luna
) completed its previously announced merger with jdl gold corp creating trek mining inc. (
trek
), a new multi - asset mining company with over
vancouver, june 15, 2018 / prnewswire / - the annual general and special meeting of shareholders of sandstorm gold ltd. (the
meeting
) was held today, june 15 in vancouver, british columbia at ...
with that in mind it is likely that we will continue to see these companies choose streaming over royalty agreements, and i also suspect that new companies will follow the leads of input capital and sandstorm gold and choose the streaming route .
research reports have been issued by urltoken on sandstorm gold ltd (nyse amer: sand), sibanye gold ltd (nyse: sbgl), ssr mining inc. (nasdaq: ssrm), and yamana gold inc. (nyse: auy). according to an article on kitco, in a report on july 03rd, 2018, georgette boele, coordinator of foreign exchange and precious metals strategy at abn amro, said that gold prices could continue to fall, and the market is weighed down in part by surging momentum in the us dollar .
per ounce gold - equivalent, which if achieved would lead to significant cash flow generation from the project .
indicated (main zone): 7. 1 million tonnes (
mt
) grading 12. 2 g / t gold and 2. 3% copper for contained metal of 2. 79 moz of gold and 166 thousand tonnes (
kt
) of copper (3. 43 moz of gold equivalent )
sandstorm’s financial advisor is kpmg llp. norton rose fulbright llp (england), carey olsen (guernsey), cassels brock & blackwell llp (canada), and neal, gerber & eisenberg llp (united states) are acting as legal counsel to sandstorm .
the combination will create a leading midtier stream and royalty company with a diversified portfolio of 155 streams and royalties. in addition to that, the entity would hold a 30% interest in the hot maden gold - copper project in turkey, though sandstorm plans to convert that equity stake into a gold stream at a later date. finally, the company would initially hold several exploration properties around the globe that sandstorm plans to spin - off into a separate entity in the future .
disclosure 6a: sandstorm gold is a client (or was a client) of bmo nesbitt burns inc. , bmo capital markets corp. , bmo capital markets limited or an affiliate within the past 12 months: a) investment banking services
, and côte d' ivoire. mariana' s most advanced asset is the hot maden gold‐copper project in northeast
(
cerro moro
). cerro moro is a high - grade gold and silver deposit currently in construction and development by yamana gold inc. (
yamana
). yamana is forecasting commissioning in early 2018 .
there are plenty of reasons to be optimistic about the gold mining industry for both the short and long term .
a number of gold and silver miners logged double - digit percentage spikes on monday. here' s why .
disclosure 6c: sandstorm gold is a client (or was a client) of bmo nesbitt burns inc. , bmo capital markets corp. , bmo capital markets limited or an affiliate within the past 12 months: c) non - securities related services .
upon completion of the transaction, gold mountain and anthem will become wholly - owned subsidiaries of lowell, and gold mountain' s shares and anthem' s shares will be de - listed from the tsx venture exchange. it is expected that lowell copper will apply to cause gold mountain and anthem to cease being reporting issuers under applicable canadian securities laws .
mr. greg smith, president and ceo of anthem, commented :
we are extremely pleased to team with lowell copper and gold mountain in the creation of a new gold - copper company. we will have the portfolio, scale and leadership team to execute on our long - term strategy to build a significant and profitable producing gold - copper company .
we believe that, by combining mariana and sandstorm and converting the hot maden jv interest into a gold stream, we can unlock the inherent value of hot maden and deliver the optimal outcome for shareholders without incurring further equity dilution to finance the interest in hot maden. we believe that hot maden is a unique asset with a robust cash flow profile and will be an anchor gold stream asset that has the potential to more than double sandstorm’s attributable gold equivalent production once in full operation. we are confident in lidya as the operating partner at hot maden and we look forward to watching the project advance towards production and the mineralization expand through continued exploration .
in a may 8 announcement, sandstorm gold ltd. (ssl: tsx; sand: nyse. mkt) released its first quarter results with
record attributable gold equivalent ounces sold of 15, 558 ,
which is up from 11, 381 ounces sold in q1 / 16. sandstorm also acquired 22 royalties for $ 1. 9 million during the first quarter, which, according to the company ,
adds exploration potential in stable jurisdictions while increasing the optionality with the company' s stream and royalty portfolio .
sandstorm also highlighted the april 26 agreement to acquire all the
issued and ordinary share capital of mariana resources ltd. (marl: lse) .
we believe that, by combining mariana and sandstorm and converting the hot maden jv interest into a gold stream, we can unlock the inherent value of hot maden and deliver the optimal outcome for shareholders without incurring further equity dilution to finance the interest in hot maden. we believe that hot maden is a unique asset with a robust cash flow profile and will be an anchor gold stream asset that has the potential to more than double sandstorm' s attributable gold equivalent production once in full operation. we are confident in lidya as the operating partner at hot maden and we look forward to watching the project advance towards production and the mineralization expand through continued exploration .
sandstorm gold ltd. engages in the acquisition of gold and other metals purchase agreements and royalties. it operates through the following segments: bachelor lake, black fox, bracemac - mcleod, chapada, diavik, hounde, karma, ming, santa elena, and yamana silver stream. the company was founded by nolan watson and david i. awram on march 23, 2007 and is headquartered in vancouver, canada .
nolan watson isn’t getting much rest these days. when he’s not flying across north america and europe to meet investors and prospective business partners, chances are he’s hunkered down in his vancouver office for up to 18 hours a day trying to get “things out the door. ” it’s a grind for sure, but watson, the 32 - year - old ceo of sandstorm gold ltd. and sandstorm metals & energy ltd. , isn’t complaining .
chiu stated that
q1 / 17 attributable production has provided sandstorm gold with a good start towards meeting its 2017 attributable production guidance of 45, 000 - 55, 000 geo
and that
management indicated it expects to be debt - free after close of the mariana transaction .
sandstorm has included certain performance measures in this press release that do not have any standardized meaning prescribed by international financial reporting standards (ifrs) including average cash cost per ounce of gold and cash operating margin. average cash cost per ounce of gold is calculated by dividing the total cost of sales, less depletion, by the ounces sold. in the precious metals mining industry, this is a common performance measure but does not have any standardized meaning. the company believes that, in addition to conventional measures prepared in accordance with ifrs, certain investors use this information to evaluate the company' s performance and ability to generate cash flow. cash operating margin is calculated by subtracting the average cash cost per ounce of gold from the average realized selling price per ounce of gold. the company presents cash operating margin as it believes that certain investors use this information to evaluate the company' s performance in comparison to other companies in the precious metals mining industry who present results on a similar basis. the company' s royalty income is converted to an attributable gold equivalent ounce basis by dividing the royalty income for that period by the average realized gold price per ounce from the company' s gold streams for the same respective period. these attributable gold equivalent ounces when combined with the gold ounces sold from the company' s gold streams equal total attributable gold equivalent ounces sold. the presentation of these non - ifrs measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with ifrs. other companies may calculate these non - ifrs measures differently .
a royalty is when a mining company agrees to pay a certain part of its revenue, or a certain part of a subset of its revenue to the royalty' s owner. so if a mine produces 100, 000 ounces of gold and 10 million pounds of copper a 2% nsr royalty on the gold means that the royalty' s owner receives the proceeds from the sale of 2, 000 ounces of gold (about $ 2. 5 million) minus smelting costs. the royalty company never actually sees the gold .
the proceeds from the concurrent financing will be used first to increase gold production from the koricancha mill in peru, then toward advancing the elk gold project in bc and the warintza project in ecuador, to take advantage of potential acquisition opportunities and for general corporate purposes .
when a company such as sandstorm gold conducts a reverse share split, it is usually because shares have fallen to a lower per - share pricepoint than the company would like. this can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per - share price. the $ 5 and $ 10 pricepoints tend to be important in this regard. stock exchanges also tend to look at per - share price, setting a lower limit for listing eligibility. so when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share. looking at the sandstorm gold stock split history from start to finish, an original position size of 1000 shares would have turned into 200 today. below, we examine the compound annual growth rate — cagr for short — of an investment into sandstorm gold shares, starting with a $ 10, 000 purchase of sand, presented on a split - history - adjusted basis factoring in the complete sandstorm gold stock split history .
analyst andrew mikitchook with bmo capital markets reported his findings from a recent site visit to the yukon' s likely next operating gold mine .
jack chan' s updated charts for the precious metals markets include a look at how the canadian dollar relates to gold and silver prices .
sandstorm is taking a significant risk by acquiring the rest of mariana to facilitate the development of hot maden. while it believes this bet will pay off in the long run, there' s ample uncertainty in the short term, which is something the market doesn' t like. that said, for investors who are looking for a long - term gold stock with lots of upside, sandstorm is worth a closer look, especially after today' s sell - off .
sandstorm is a company built on experience. our award - winning executive team has completed more than $ 3 billion in royalty transactions. all together our in - house technical team has worked on projects in over 100 countries, and the average person has over 40 years of industry experience. and on top of all that, we have the largest corporate development team of any gold royalty company in the industry. so investors of sandstorm can rest assured that they’re in good company .
a stream is when the mining company actually sells physical metal to the holder of the streaming agreement. so a 2% stream on the gold in the same deal means that the mining company is actually making delivery of 2, 000 ounces of gold for an agreed upon price .
a 30% incorporated joint venture interest (“jv”) in the high - grade, gold - copper, development - stage hot maden project in northeast turkey (“hot maden”). sandstorm intends to move from the current position of equity participation in the jv to converting the combined group’s interest into a gold stream, providing the potential to more than double attributable gold equivalent production once in full operation. at present the combined group has not begun soliciting interest in a conversion transaction and intends to conduct such solicitation in the future after hot maden has undergone several de - risking and value creating milestones .
(
mariana
) (tsx. v: marl, aim: marl) are pleased to announce that the board of directors of sandstorm and the independent directors of mariana have reached an agreement on the terms of a recommended share and cash acquisition by which the entire issued ordinary share capital of mariana (that sandstorm does not already own) will be acquired by sandstorm by means of a court - sanctioned scheme of arrangement under part viii of the companies (guernsey) law (the
combination
) .
which included an investment by kirkland lake gold ltd. metanor continues to release positive drill results from its exploration activities at the bachelor lake mine .
(
hot maden
). sandstorm intends to move from the current position of equity participation in the jv to converting the combined group' s interest into a gold stream, providing the potential to more than double attributable gold equivalent production once in full operation. at present the combined group has not begun soliciting interest in a conversion transaction and intends to conduct such solicitation in the future after hot maden has undergone several de - risking and value creating milestones .
kaip points out that sandstorm
has embarked upon an ambitious plan to build a core gold stream on the hot maden project through the acquisition of mariana resources. we see the transaction as accretive, but recognize it will take time for investors to understand the opportunity given the uncertain time frame to realize the opportunity .
this does not include any potential new streams or royalties between now and 2020, and it’s highly likely sandstorm does at least another 1 - 2 deals in this year alone. just don’t be too surprised if sandstorm does another equity financing this year instead of tapping into its credit facility, as the company does not have much cash on hand currently .
gold accounted for 88% of revenue in q2 (i don’t want heavy diversification into energy and oil like some of the other streaming companies) .
the transaction creates a financially strong, emerging gold - copper production and development company. upon completion of the transaction, the combined company will have :
superior market liquidity for mariana shareholders. over the last 15 months, the daily dollar trading volume of sandstorm has averaged approximately us $ 10 million between the nyse mkt and tsx .
forward - looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of sandstorm to be materially different from future results, performances or achievements expressed or implied by such statements. such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which sandstorm will operate in the future, including the price of gold and anticipated costs. certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward - looking statements include, amongst others, the ability to successfully integrate operations and realize the anticipated benefits, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold sandstorm will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition .
the independent directors recommend that mariana shareholders approve this combination. the combination with a company such as sandstorm not only de - risks mariana' s exposure as a single development / production asset company but provides a stronger diverse platform and ability to finance the development of the 30% owned high grade gold - copper discovery at hot maden in
sandstorm has a 1% nsr royalty on the angilak property and a right of first refusal on any future streams or royalties. for more information, visit the kivalliq website at urltoken .
certain shareholders of gold mountain and anthem have entered into lock - up agreements with lowell copper pursuant to which each has agreed to vote in favour of the transaction, which together represent approximately 49% of the issued and outstanding common shares of gold mountain and 44% of the issued an outstanding common shares of anthem .
the combination is expected to create a leading mid - tier stream and royalty company (the “combined group”), delivering significant benefits to shareholders of mariana and sandstorm. the combined group will have :
i like that gold accounted for 88% of revenue in q2 (i don’t want heavy diversification into energy and oil like some of the other streaming companies) .
in cash and 0. 2573 of a sandstorm common share for each one mariana share held. mariana holds a joint venture interest in the hot maden project, which sandstorm intends on converting into a gold stream. the hot maden project is a unique asset with a robust cash flow profile that has the potential to more than double sandstorm' s attributable gold equivalent production once in full operation. upon completion, the arrangement is expected to create a leading mid - tier streaming and royalty company. it is presently anticipated that mariana will send its scheme document to mariana shareholders around mid - may. the transaction will then go to a vote by mariana shareholders, requiring a majority in number, representing 75% in value of scheme shareholders present and voting, to approve the scheme. that vote is expected to occur around mid - june and with a successful vote, the transaction would then go back to the u. k. court for final approval in late june. sandstorm' s cash and shares would then be issued to shareholders of mariana. for more information, refer to the uk rule 2. 7 announcement at
gold equivalent ounces attributable to canadian mines made up 40% of the company’s total ounces in q2 2016 and was 18% lower when compared to the second quarter of 2015. the decline was due to timing of shipments that affected gold ounces sold from the ming mine in newfoundland, the bachelor lake mine in quebec and the black fox mine in ontario (“black fox”). specifically, 1, 400 gold ounces were received as at june 30, 2016 but were sold subsequent to quarter end .
in a may 9 report cibc analyst cosmos chiu rated sandstorm as an
outperformer ,
with a target price of $ 6. 00. the shares are currently trading around $ 4. 85 .
the combination is expected to create a leading mid - tier stream and royalty company (the
combined group
), delivering significant benefits to shareholders of mariana and sandstorm. the combined group will have :
sandstorm holds 8, 980, 243 mariana shares, representing approximately 7. 0% of the issued ordinary share capital of mariana, and mariana warrants over a further 4, 490, 122 mariana shares .
under the terms of the combination, mariana shareholders will receive 28. 75 pence in cash and 0. 2573 of a sandstorm share for each one mariana share held. the combination values mariana at approximately 110 pence per mariana share based on the closing price of us $ 4. 04 per sandstorm share on the nyse mkt and a currency exchange rate of £0. 7788 per usd, on april 25, 2017 .
now at first glance the appeal would be leverage. as an example a gold stream will give the holder the right to buy 2% of a mine' s gold production at, say, $ 500 / oz. , which means that if the gold price rises from $ 1, 230 / oz. to $ 1, 300 / oz the stream' s cash - flow increases at a greater rate than the actual gold price. this isn' t true for a royalty. and furthermore, what' s stopping a company from creating a royalty that generates such leverage? for instance, if franco nevada wanted leverage and wanted a royalty it could create, say, a 2% nsr royalty on the gold produced at the mine minus $ 500 / oz. , and from a quantitative standpoint this would be identical to the streaming example just given .
gold streaming companies are a great way to invest in the precious metal. here are some of the key benefits you need to know about and the top stocks to consider .
mr. chris mcleod, president and ceo of gold mountain, said :
we are pleased to include our elk gold project as part of the foundation for the new company. the proposed leadership have a track record of building high valued mining companies and we look forward to participating in what we expect to be substantial value creation going forward .
, a qualified person under ni 43 - 101, has reviewed the hot maden pea on behalf of sandstorm. to the best of sandstorm' s knowledge, information and belief, there is no new material scientific or technical information that would make disclosure of the mineral resource or hot maden pea inaccurate or misleading. the technical and scientific information contained in this press release has also been reviewed and approved by mr. roth .
golden queen mining is producing gold and silver at the soledad mountain project near mojave, california. the deposit contains an n. i. 43 - 101 compliant mineral resource totaling 1. 54 million ounces of gold and 25. 6 million ounces of silver. the project is utilizing conventional open pit methods with cyanide heap leach and merrill - crowe processes. production is projected to average approximately 74, 000 ounces of gold and 781, 000 ounces of silver annually over an estimated 11 - year mine life... view profile
an interest in the remaining exploration properties of mariana with a focus on gold, silver and associated metals in côte d’ivoire, turkey, and argentina (the “exploration properties”). following completion of the combination, sandstorm intends to spin - out the exploration properties into a separate company (the “spinco”), with the combined group retaining royalty interests over the exploration properties and equity in the spinco .
forward - looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of sandstorm to be materially different from those expressed or implied by such forward - looking statements, including but not limited to: delays or failure to complete the transactions described herein, failure to obtain shareholder or regulatory approvals, the impact of general business and economic conditions, the absence of control over mining operations from which sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled “risks to sandstorm” in sandstorm’s annual report for the financial year ended december 31, 2016 available at www. sedar. com. although sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward - looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. there can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. accordingly, readers should not place undue reliance on forward - looking statements. sandstorm does not undertake to update any forward looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws .
gold mountain is a public resource company managed by an experienced team of professionals with a solid track record of exploration, development and operational success. the company owns 100% of the 16, 700 hectare elk gold property, which it intends to develop into a precious metal producer, and is also seeking additional near term production assets to further build shareholder value .
the issuance of the sandstorm shares, including those issuable on exercise of any mariana warrants and the mariana options on a post - closing basis, is subject to approval by the toronto stock exchange and the nyse mkt .
mr. eric roth, a qualified person under ni 43 - 101, has reviewed the hot maden pea on behalf of sandstorm. to the best of sandstorm’s knowledge, information and belief, there is no new material scientific or technical information that would make disclosure of the mineral resource or hot maden pea inaccurate or misleading. the technical and scientific information contained in this press release has also been reviewed and approved by mr. roth.
sandstorm gold ltd. ( formerly sandstorm resources ) provides financing for precious metal mining companies in the form of a ' gold streaming ' transaction whereby an upfront cash payment is exchanged for a percentage of gold production from the mine . the finance model has also been called a volumetric production payment transaction and originated in the oil and gas sector . in april 2017 sandstorm announced it had reached an agreement to acquire mariana resources in a share and cash acquisition valuing mariana at us$ 4.04 per share . the business combination would create a mid-tier streaming company with 155 streams and royalties . in q1 2017 sandstorm reported record gold equivalent sales of 15,558 ounces , generating revenue of $ 18.8 million and a net income of $ 7.0 million . 
sandstorm gold ltd. (formerly sandstorm resources) provides financing for precious metal mining companies in the form of a' gold streaming' transaction whereby an upfront cash payment is exchanged for a percentage of gold production from the mine. the finance model has also been called a volumetric production payment transaction and originated in the oil and gas sector. in april 2017 sandstorm announced it had reached an agreement to acquire mariana resources in a share and cash acquisition valuing mariana at us$ 4.04 per share. the business combination would create a mid-tier streaming company with 155 streams and royalties. in q1 2017 sandstorm reported record gold equivalent sales of 15,558 ounces, generating revenue of $ 18.8 million and a net income of $ 7.0 million.
sandstorm gold ltd. (formerly sandstorm resources) provides financing for precious metal mining companies in the form of a' gold streaming' transaction whereby an upfront cash payment is exchanged for a percentage of gold production from the mine. the finance model has also been called a volumetric production payment transaction and originated in the oil and gas sector. in april 2017 sandstorm announced it had reached an agreement to acquire mariana resources in a share and cash acquisition valuing mariana at us$ 4.04 per share. the business combination would create a mid-tier streaming company with 155 streams and royalties. in q1 2017 sandstorm reported record gold equivalent sales of 15,558 ounces, generating revenue of $ 18.8 million and a net income of $ 7.0 million.