Sandstorm Gold Celebrates Listing on NYSE MKT

On Monday, August 20 executives and guests from Vancouver-based Sandstorm Gold Ltd. visited the New York Stock Exchange (NYSE) to celebrate the company’s listing.  Sandstorm Gold Ltd. began trading on NYSE MKT today under the ticker symbol “SAND”.   

To mark the occasion, President and Chief Executive Officer Nolan Watson rang the NYSE Opening Bell. Prior to Sandstorm, Mr. Watson was the CFO of Silver Wheaton, where he helped raise over $1 billion in debt and equity to fund Silver Wheaton’s growth to a $5 billion market capitalization in less than 5 years.

About Sandstorm Gold Ltd. (NYSE MKT: SAND)

Sandstorm Gold Ltd. is a gold streaming company. Sandstorm provides upfront financing for gold mining companies that are looking for capital. In return, Sandstorm 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. Sandstorm is a non-operating gold mining company with a portfolio of seven gold streams, five of which are producing gold, and three royalties. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams. 

Below are a few highlights of the company’s development:

  • Have completed 7 gold streaming agreements and 3 NSR royalty agreements
  • $11.3 million in operating cash flow, cash costs of $298 per ounce in Q2, 201
  • Well capitalized with over $25 million in cash and a $50 million undrawn revolving line of credit
  • Stock price has increased over 250% since the company was launched in 2009

For more information visit: www.sandstormgold.com.  (Source: Sandstorm Gold Ltd.)