Sandstorm Gold Reports US$56.5 Million in Revenues For 2014

Sandstorm Gold (TSX:SSL) reported that it had met is 2014 production guidance, selling 44,821 gold equivalent ounces over the year. The company expects to release its fourth quarter and full year results for 2014 by March 31 2015.

Revenue and cash flow from operations for 2014 were US$56.5 million and US$35.2 million respectively2. Based on the Company’s existing gold streams and royalties, attributable gold equivalent production for 2015 is forecasted to be between 36,000 and 44,000 ounces, increasing to 45,000 ounces per annum in 2018. The Company’s 2018 guidance excludes any ounces that may come from Luna Gold Corp.’s (“Luna”) Aurizona mine in Brazil (“Aurizona”).

Sandstorm also provided a corporate update:

Upon the closing of the recently announced acquisition of Gold Royalties Corporation (see press release dated February 18, 2015), Sandstorm has a portfolio of 69 streams and royalties with 14 of the underlying mines producing gold. As of December 31, 2014, the Company had $90 million in cash and $170 million in available capital (cash net of commitments plus $100 million undrawn credit facility) which can be deployed into new acquisitions. Sandstorm plans to grow and diversify its future gold production and cash flow through the acquisition of additional streams and royalties.

Finally, the company announced the addition of Keith Laskowski to it’s technical team:

Mr. Laskowski joined Sandstorm from the International Finance Corporation (“IFC”) where he was employed as Staff Engineer/Principal Mining Specialist for the mining division.  In that role he was responsible for technical appraisal and valuation of IFC’s resource investments, and was focused on investment analysis of mining/exploration properties throughout the world. Prior to joining the IFC, Mr. Laskowski  assembled, financed, and directed successful private and publicly listed exploration companies located in Peru, Mongolia, Haiti, Mali, the United States, and Canada. Most recently, he was the President and CEO of Estrella Gold Corp., a Peru-focused prospect generator exploration company from 2009 to 2012 and he also worked at senior levels with Newmont Mining Corporation, spending 17 years in gold production, exploration, resource development and acquisitions.  He earned a Master of Science degree in Geology from the Colorado School of Mines (1987), a B.A. degree from the University of Maine (1979) and is a “Qualified Person” as defined by NI 43-101 of the Canadian Securities Administrators.

Click here to read the Sandstorm Gold (TSX:SSL) press release

About Sandstorm Gold

“Sandstorm Gold Ltd. is a gold streaming and royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 57 streams and royalties, of which fourteen of the underlying mines are producing gold. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional streams and royalties.”