Type
|
Public |
---|---|
Traded as | AMEX: SAND TSX: SSL |
Industry | Mining |
Founder | Nolan Watson, David Awram |
Headquarters | Vancouver, British Columbia, Canada |
Services | Financial |
Number of employees
|
12 |
Website | www |
Sandstorm Gold Ltd. (formerly Sandstorm Resources) provides financing for precious metal mining companies in the form of a 'gold streaming' transaction whereby an upfront cash payment is exchanged for a percentage of gold production from the mine. The finance model has also been called a volumetric production payment transaction and originated in the oil and gas sector.
In April 2017 Sandstorm announced it had reached an agreement to acquire Mariana Resources in a share and cash acquisition valuing Mariana at US$4.04 per share. The business combination would create a mid-tier streaming company with 155 streams and royalties.
In Q1 2017 Sandstorm reported record gold equivalent sales of 15,558 ounces, generating revenue of $18.8 million and a net income of $7.0 million.
Sandstorm Resources (now Sandstorm Gold) was founded in 2008, when Nolan Watson and David Awram decided to create a metal streaming company that would be focused on gold acquisitions. Both Watson and Awram were former employees of Silver Wheaton, the first organization to apply this financial model to the mining industry. Sandstorm Gold is a publicly traded company, listed on the Toronto Venture Exchange under the symbol, SSL.
Sandstorm plans to grow and diversify through the acquisition of additional gold streams.
In Q1 2017 Sandstorm acquired 22 new net smelter return royalties for US$1.9 million. The Company completed transactions with multiple junior mining companies including Kivalliq Energy, Evrim Resources, Tower Resources, Copper Fox Metals, Millrock Resources and Condor Resources.
2016-07-11 | Upgrade | TD Securities | Hold to Buy | |
2016-07-11 | Upgrade | CIBC | Sector Perform to Sector Outperform | |
2016-07-07 | Reiterated Rating | BMO Capital Markets | Market Perform | $5.00 to $5.50 |
2016-04-20 | Downgrade | RBC Capital | Outperform to Sector Perform | $5.00 to $5.50 |
2015-11-14 | Reiterated Rating | Canaccord Genuity | Buy | $5.00 to $5.25 |
2015-11-14 | Reiterated Rating | Scotiabank | Outperform | $5.30 |
2015-11-12 | Reiterated Rating | Scotiabank | Sector Outperform | |
2015-11-04 | Upgrade | Raymond James | Market Perform to Outperform | |
2015-10-09 | Upgrade | Jefferies Group | Underperform to Hold | |
2015-05-09 | Upgrade | National Bank Financial | Sector Perform to Outperform | |
2015-05-06 | Upgrade | Canaccord Genuity | Hold to Buy | |
1970-01-01 |
2016-07-11 | Upgrade | TD Securities | Hold to Buy | |
2016-07-11 | Upgrade | CIBC | Sector Perform to Sector Outperform | |
2016-07-07 | Reiterated Rating | BMO Capital Markets | Market Perform | $5.00 to $5.50 |
2016-04-20 | Downgrade | RBC Capital | Outperform to Sector Perform | $5.00 to $5.50 |
2015-11-14 | Reiterated Rating | Canaccord Genuity | Buy | $5.00 to $5.25 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In SAND 141 funds of 2213 total. Show all
Fund name | Ticker shares |
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VAN ECK ASSOCIATES CORP | 28.74M |
ONTARIO TEACHERS PENSION PLAN BOARD | 6.75M |
HORIZON ASSET MANAGEMENT LLC | 6.47M |
GREAT WEST LIFE ASSURANCE CO /CAN/ | 6.22M |
SCOTIA CAPITAL INC. | 5.05M |
Invesco Ltd. | 4.58M |
Sentry Select Capital Corp. | 3.25M |
BRITISH COLUMBIA INVESTMENT MANAGEMENT CORP | 3.09M |
RENAISSANCE TECHNOLOGIES LLC | 2.85M |
SPROTT INC. | 2.75M |
Marshall Wace LLP | 2.65M |
CITADEL ADVISORS LLC | 2.46M |
Horizon Kinetics LLC | 2.19M |
TWO SIGMA INVESTMENTS LLC | 1.54M |
JPMORGAN CHASE & CO | 1.38M |