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Sandstorm Gold Announces 12,500 Gold Equivalent Ounces in Q3, 2016
Sandstorm Gold Announces 12,500 Gold Equivalent Ounces in Q3, 2016 Sandstorm Gold ...
About this update from Silver Sands Resources Corp.
[{"type":"text","content":"\n\n\n\nSandstorm Gold Announces 12,500 Gold Equivalent Ounces in Q3, 2016\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSandstorm Gold Announces 12,500 Gold Equivalent Ounces in Q3, 2016\nCanada NewsWire\nVANCOUVER, Oct. 3, 2016\n\n\n\nVANCOUVER, Oct. 3, 2016 /CNW/ - Sandstorm Gold Ltd. (\"Sandstorm\" or the \"Company\") (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold approximately 12,500 attributable gold equivalent ounces1 during the third quarter of 2016. The attributable gold equivalent ounces were generated from 20 streams and royalties, with approximately 75% of the ounces coming from operations run by major and mid-tier mining companies. \n\nIt is expected that the Company will release its detailed financial results for the third quarter in early November 2016. \n\nABOUT SANDSTORM GOLD\n\nSandstorm 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. \n\nFor more information visit: www.sandstormgold.com \n\nNote 1\n\nSandstorm has included attributable gold equivalent ounces as a performance measure in this press release which does not have any standardized meaning prescribed by International Financial Reporting Standards (IFRS). The Company's royalty income is converted to an attributable gold equivalent ounce basis by dividing the royalty income for that period by the average realized gold price per ounce from the Company's gold streams for the same respective period. These attributable gold equivalent ounces when combined with the gold ounces sold from the Company's gold streams equal total attributable gold equivalent ounces sold and may be subject to change. The presentation of this non...