Sandstorm Gold Announces Record Gold Production in Q4/FY 2016
VANCOUVER, Jan. 11, 2017 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold over 13,200 attributable gold equivalent ounces1 during the fourth quarter of 2016 and over 49,500 gold equivalent ounces for the full 2016 year. Both the fourth quarter and annual production results are records for the Company. The attributable gold equivalent ounces were generated from 21 streams and royalties, with over 70% of the ounces coming from operations run by major and mid-tier mining companies.
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 133 streams and royalties, of which 21 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties.
For more information visit: www.sandstormgold.com