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Sandstorm Metals & Energy Reports its Fourth Quarter Results for 2011
Mar. 15, 2012 06:56PM PST
Resource Investing News Sandstorm Metals & Energy Ltd. (TSXV:SND) reported its fourth quarter results for 2011.
Sandstorm Metals & Energy Ltd. (TSXV:SND) reported its fourth quarter results for 2011.
As quoted in the press release:
Fourth Quarter Summary (3 Months)
Sandstorm recorded a $13.1 million net loss for the three months ended December 31, 2011, attributable to a number of factors including:
- A non-cash impairment charge of $14.6 million relating to the assets of Royal Coal Inc. (“Royal Coal”).
- An increase of $0.5 million in administration expenses primarily driven by an increase in the Company’s professional fees and corporate expenses.
Click here to read the Sandstorm Metals & Energy Ltd. (TSXV:SND) press release.
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