Business
Sandstorm Gold Announces Fourth Quarter and Annual Results
Sandstorm Gold Announces Fourth Quarter and Annual Results Sandstorm Gold Announce...
About this update from Silver Sands Resources Corp.
[{"type":"text","content":"\n\n\n\nSandstorm Gold Announces Fourth Quarter and Annual Results\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.prngen4{\nBORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prngen3{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prnsbts{\nBORDER-TOP:black 1pt solid\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbls{\nBORDER-LEFT:black 1pt solid\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n\n\n\n\n\n\nSandstorm Gold Announces Fourth Quarter and Annual Results\nCanada NewsWire\nVANCOUVER, March 30, 2016\n\n\n\nVANCOUVER, March 30, 2016 /CNW/ - Sandstorm Gold Ltd. (\"Sandstorm\" or the \"Company\") (NYSE MKT: SAND, TSX: SSL) has released its results for the fourth quarter and year ended December 31, 2015 (all figures in U.S. dollars).   \n\n— FOURTH QUARTER HIGHLIGHTS \n\n\nAttributable gold equivalent ounces sold1 of 8,951 ounces (Q4 2014 – 10,424 ounces); \nRevenue of $9.9 million (Q4 2014 - $12.5 million); \nAverage cash cost per attributable gold equivalent ounce of $258 resulting in cash operating margins1 of $844 per ounce (Q4 2014 - $308 per ounce and $890 per ounce respectively); \nOperating cash flow of $5.0 million (Q4 2014 – $8.9 million); \nNet loss of $25.0 million (Q4 2014 – Net income of $2.6 million); \nEntered into three agreements with Yamana Gold Inc. (\"Yamana\") that included a silver stream on the Cerro Moro project in Argentina (\"Cerro Moro\"), a copper stream on the Chapada mine in Brazil (\"Chapada\") and an early deposit gold stream on the Agua Rica project in Argentina; and \nCompleted a $28.8 million equity financing and drew down $110 million on the available credit fac...