Sandstorm Gold
| Public | |
| Traded as |
NYSE MKT: SAND TSX: SSL |
| Industry | Mining |
| Founder | Nolan Watson, David Awram |
| Headquarters | Vancouver, British Columbia, Canada |
| Services | Financial |
Number of employees | 12 |
| Website |
www |
Sandstorm Gold Ltd. (formerly Sandstorm Resources)[1] 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.[2] The finance model has also been called a volumetric production payment transaction and originated in the oil and gas sector.[3]
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. [4]
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. [5]
History
Sandstorm Resources (now Sandstorm Gold)[1] was founded in 2008, when Nolan Watson and David Awram decided to create a metal streaming company that would be focused on gold acquisitions.[6] Both Watson and Awram were former employees of Silver Wheaton, the first organization to apply this financial model to the mining industry.[7] Sandstorm Gold is a publicly traded company, listed on the Toronto Venture Exchange under the symbol, SSL.[8]
Sandstorm plans to grow and diversify through the acquisition of additional gold streams.[9]
Royalties & Streams
In Q1 2017 Sandstorm acquired 22 new net smelter return royalties for US$1.9 million. The Company completed transactions with multiple junior mining companies including Kivalliq Energy, Evrim Resources, Tower Resources, Copper Fox Metals, Millrock Resources and Condor Resources. [10]
Management and directors
- Nolan Watson, Chairman, President & Chief Executive Officer
- David Awram, Senior Executive Vice President and Director
- Erfan Kazemi, Chief Financial Officer
- Ron Ho, Vice President of Finance
- Andrew T. Swarthout, Director; President and Director of Bear Creek Mining
- John P. A. Budreski, Director; President, Chief Executive Officer and Director of Morien Resources Corp.
- David E. DeWitt, Director; Chairman of Pathway Capital Ltd.[11]
References
- 1 2 "Sandstorm Resources Announces Name Change to Sandstorm Gold". marketwire.com. February 17, 2011.
- ↑ "Commodity Flow-Nolan Watson is streaming a lot of business for two companies named Sandstorm". Financial Post Magazine. September 13, 2011.
- ↑ "What Does Volumetric Production Payment - VPP Mean?". investopedia.com. April 2008.
- ↑ "Sandstorm Gold and Mariana Resources Announce Combination to Create Leading Mid-Tier Streaming Company". www.juniorminingnetwork.com. Retrieved 2017-04-26.
- ↑ "Sandstorm Gold Announces Q1 2017 Results". www.juniorminingnetwork.com. Retrieved 2017-05-09.
- ↑ "Sandstorm Resources and the Gold Royalty Model". The Midas Letter. June 2009.
- ↑ "The Silver Wheaton Success Story". The Northern Miner. February 1–7, 2010.
- ↑ "A Metal Stream Company 100% Exposed to the Gold Price". Paradigm Capital Market Report. August 26, 2009.
- ↑ "Welcome to Sandstorm". Sandstormltd.com. April 2014.
- ↑ "Sandstorm Gold Acquires 22 Royalties During Q1 2017". www.juniorminingnetwork.com. Retrieved 2017-03-24.
- ↑ "Sandstorm Management & Directors". sandstormltd.com/. March 2014.
Articles
- Case, John (August 26, 2009). "A Metal Stream Company 100% Exposed to the Gold Price". Paradigm Capital Initiation Report.
- Curic, Anthona D. (March 11, 2010). "Precious Metals: Gold". Versant Partners - Sector Report.
- Korstrom, Glen (January 2–8, 2007). "2006 BiV Forty under 40 Winners - B.C.'s brightest young business stars totally exposed". Business In Vancouver.
- McRae, Michelle (January 2003). "The 2002 UFE Medallists". Beyond Numbers.
- McRae, Michelle (June 2009). "Early Achievement Award Winners". Beyond Numbers.
- Moritsugu, John (April 14, 2010). "Sandstorm Targets More Than Precious Metals". Dow Jones News Service.
- O'Keefe, Matthew (April 1, 2010). "Full Stream Ahead". Cormark Securities Inc.
- Roulston, Lawrence (December 2009). "Year End Quarterly Review". Lawrence Roulston's Resource Opportunities.
- West, James (June 25, 2009). "Sandstorm Resources and the Gold Royalty Model". Midas Letter.
- Nagle, Shane (February 24, 2011). "Taking The Royalty Space By Storm". National Bank Financial Equity Research.