8 www.resourceworld.com
F E B R U A R Y / M A R C H 2 0 1 8
For 2017, Sandstorm Gold Ltd. [SSL-TSX; SAND-
NYSE AMERICAN] made record gold-equivalent
production when they sold approximately 54,600
attributable gold equivalent ounces, up from
49,731 ounces in 2016, making it the highest
yearly total in company history.
Sandstorm is not a mining company per se; the
company finances gold mining companies and in
return receives the right for a percentage for the
gold produced at a mine. The 2017 attributable
gold equivalent ounces were generated from 20
streams and royalties, with approximately 80% of
the ounces coming from operations run by major
and mid-tier mining companies.
Royalty streams are flowing in from well-known
gold producers such as Yamana Gold, Newmont
Mining and Tahoe Resources. Sandstorm also has
royalty agreements with many exploration and
development stage companies. During Q3 2017,
the company posted revenue of $17.9 million with
net income of $4.8 million. The average cash cost
Nolan Watson, President and CEO
of Sandstorm Gold.
SANDSTORM GOLD on the
yellow brick road
Fast-growing royalty streaming company targets mining companies
at all states of exploration, development and production.
by Ellsworth Dickson
