08:32:00 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Sandstorm Gold Ltd (2)
Symbol SSL
Shares Issued 117,657,587
Close 2014-12-18 C$ 3.71
Market Cap C$ 436,509,648
Recent Sedar Documents

Lundin refreshes buy of Sandstorm Gold

2014-12-18 21:05 ET - In the News

Brien Lundin, in the December, 2014/January, 2015, edition of the Gold Newsletter, refreshes his buy of Sandstorm Gold Ltd., recently $3.68. Mr. Lundin said buy three times between September, 2011 (the stock rolled back 1:5 in May, 2012), and September, 2014, at prices ranging from $1.44 to $9.75. Assuming a $1,000 investment for each of the three buys, the $3,000 position is now worth $1,541. Sandstorm earned $2.1-million (U.S.) on revenue of $15.6-million (U.S.) in Q3 2014. It sold 12,282 ounces of gold equivalent and generated $10-million (U.S.) in operating cash flow. Mr. Lundin says it is easy to see where those solid numbers came from considering Sandstorm is only paying $308 in cash costs per ounce of gold. He says the company has done an excellent job lining up gold streaming deals on mines owned by Metanor Resources Inc., Rambler Metals and Mining PLC, Silvercrest Mines Inc., Luna Gold Corp. and Primero Mining Corp. Its recently completed deal with True Gold Mining Inc. also has the potential to pay off well in the future, adds the editor. With $90-million in cash at the end of Q3, Sandstorm has ample resources to make additional acquisitions and "burnish its reputation as a marquee gold stream company."

© 2024 Canjex Publishing Ltd. All rights reserved.