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Sandstorm meldet Zahlen für Q3/17
Third Quarter Highlights- Attributable gold equivalent ounces sold1 of 14,293 ounces (Q3 2016 – 12,588 ounces);
- Revenue of $17.9 million (Q3 2016 - $16.8 million);
- Average cash cost per attributable gold equivalent ounce of $246 resulting in cash operating margins1 of $1,009 per ounce (Q3 2016 - $255 per ounce and $1,081 per ounce respectively);
- Operating cash flow of $11.9 million (Q3 2016 – $10.3 million);
- Net income of $4.8 million (Q3 2016 – net income of $6.9 million);
- New Anchor Asset: Sandstorm completed its previously announced arrangement to acquire all the issued and ordinary share capital of Mariana Resources Ltd. (“Mariana”). Under the terms of the arrangement and as consideration for the acquisition, the Company issued 32.7 million common shares and paid an additional $47.3 million in cash. The transaction and the addition of the 30% Hot Maden profit interest 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. Sandstorm has begun the process to sell the exploration properties and expects to retain net smelter returns (“NSR”) royalties as well as equity in the spin-out.
- Newly Acquired Royalties: Since September 2017, the Company has acquired 10 separate NSR royalties on properties located in Peru, Botswana and South Africa. These royalties, which were purchased for an aggregate of $2.3 million, cover more than 1,000,000 hectares of property.
- Amended the Bachelor Lake gold stream with Metanor Resources Inc. Beginning October 1, 2017, Sandstorm will purchase 20% of the gold produced from the Bachelor Lake mine at an ongoing cost of $500 per ounce, 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. As part of the amendment, Metanor has agreed it will sell a minimum of 1,500 ounces of gold to Sandstorm on a quarterly basis until the 12,000 ounce threshold has been reached. 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. In consideration for the amendment, Sandstorm received
- a 3.9% NSR royalty on Metanor’s Barry project; and
- $2.0 million in the common shares of Metanor.
- 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 nine months ended September 30, 2017, the Company purchased approximately 3.3 million common shares.
http://www.sandstormgold.com/news/2017/index.php?content_id=553
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