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Sandstorm Gold Ltd. (TSX:SSL,NYSEMKT:SAND) announced yesterday its results for the fourth quarter of 2013, as well as for the year as a whole, commenting that for the full year, it achieved record gold sales of 36,146 ounces, “excluding Premier Royalty’s attributable ounces.”
Sandstorm Gold Ltd. (TSX:SSL,NYSEMKT:SAND) announced yesterday its results for the fourth quarter of 2013, as well as for the year as a whole, commenting that for the full year, it achieved record gold sales of 36,146 ounces, “excluding Premier Royalty’s attributable ounces.”
The company also brought in record revenue of $59.8 million.
Other 2013 highlights include:
- Operating cash flow of $32.2 million.
- Average cash cost per ounce of $420 resulting in cash operating margins1 of $981.
- Net loss of $74.6 million.
- Acquired all of the outstanding common shares of Premier Royalty.
- Completed a $10 million loan to Luna Gold Corp. (‘Luna’) in accordance with a previously announced commitment to issue a non-revolving loan facility to Luna.
- Acquired a 1.0% net smelter returns royalty (‘NSR’) on the Paul Isnard gold project located in French Guiana and owned by Columbus Gold Corporation.
- Acquired a 1.2% precious metal NSR on the Prairie Creek project located in the Northwest Territories, Canada from Canadian Zinc Corporation.
- Amended the previously announced gold stream with Mutiny Gold Ltd. to a 2.6% gold stream on the Deflector mine.
- Entered into a streaming agreement with Entrée Gold Inc. to purchase 25.7% and 33.8% of Entrée’s 20% share of the gold and silver produced from the Heruga and Hugo North Extension deposits in Mongolia.
Click here to read the full Sandstorm Gold Ltd. (TSX:SSL,NYSEMKT:SAND) press release.