Sandstorm Metals & Energy Reports 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.