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Sandstorm Gold Announces Record Production, Completes Sale of US$18 Million of Equinox Securities and Provides Asset Updates
Sandstorm Gold Announces Record Production, Completes Sale of US$18 Million of Equinox Sec...
About this update from Silver Sands Resources Corp.
[{"type":"text","content":"\n\n\n\nSandstorm Gold Announces Record Production, Completes Sale of US$18 Million of Equinox Securities and Provides Asset Updates\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.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Jan. 3, 2018\n\n\n\nVANCOUVER, Jan. 3, 2018 /CNW/ - Sandstorm Gold Ltd. (\"Sandstorm\" or the \"Company\") (NYSEAMERICAN: SAND, TSX: SSL) is pleased to announce record gold equivalent production in 2017, the sale of US$18 million of securities of Equinox Gold Corp. (\"Equinox\"), as well as recent updates from the Company's royalty properties.\n\n— Sandstorm Sells Record Number of Gold Equivalent Ounces in 2017\n\nDuring the 2017 year, Sandstorm sold approximately 54,600 attributable gold equivalent ounces1 (FY 2016 – 49,731 ounces), the highest yearly total in Company history. The 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. \n\n— Sandstorm Sells Securities of Equinox for Proceeds of US$18 Million; Business Combination to form Equinox Gold Completed\n\nSandstorm has completed the sale of US$15 million worth of Equinox convertible debentures and US$3.2 million of Equinox common shares to Ross Beaty. The sale was previously announced on October 25, 2017 and was subject to the closing of the business combination between Trek Mining, NewCastle Gold Ltd. and Anfield Gold Corp., which was completed on December 22, 2017. The new entity, Equinox, has approximately C$98 million in cash and marketable securities and a US$85 million credit facility. With the available capital, the Aurizona project in Brazil is fully funded to production. \n\nThe final key permit for restarting con...