Sandstorm Gold Hits Sales and Revenue Records in 2013

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.