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SANDSTORM GOLD ROYALTIES ANNOUNCES CASH-FLOWING GOLD STREAM, INCREASES SHORT-TERM PRODUCTION GUIDANCE
SANDSTORM GOLD ROYALTIES ANNOUNCES CASH-FLOWING GOLD STREAM, INCREASES SHORT-TERM PRODUCT...
About this update from Silver Sands Resources Corp.
[{"type":"text","content":"\n \n \n \n SANDSTORM GOLD ROYALTIES ANNOUNCES CASH-FLOWING GOLD STREAM, INCREASES SHORT-TERM PRODUCTION GUIDANCE\n \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-TOP-COLOR:; VERTICAL-ALIGN: BOTTOM; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; TEXT-ALIGN: LEFT; PADDING-LEFT:1.17em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP-COLOR:; BORDER-COLLAPSE: COLLAPSE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; BORDER-RIGHT-COLOR:\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n DESIGNATED NEWS RELEASE\n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 17, 2021\n \n /CNW/ - Sandstorm Gold Ltd. (\"Sandstorm Gold Royalties\", \"Sandstorm\" or the \"Company\") (NYSE: SAND) (TSX: SSL) is pleased to announce that the Company has entered into a\n \n US$60 million\n \n financing package (the \"Transaction\") with Bear Creek Mining (\"Bear Creek\") to facilitate Bear Creek's acquisition of the producing Mercedes gold-silver mine in\n \n Mexico\n \n (\"Mercedes\" or the \"Mine\") from Equinox Gold Corp (\"Equinox\"). The financing package includes a\n \n US$37.5 million\n \n gold stream (the \"Stream\"), together with a\n \n US$22.5 million\n \n convertible debenture. Bear Creek announced today that it has agreed to acquire 100% of Mercedes from Equinox. The Transaction is expected to close by\n \n March 31, 2021\n \n and gold deliveries to Sandstorm will commence immediately thereafter.\n \n \n \n \n \n \n \n \n \n \n ACQUISITION HIGHLIGHTS\n \n \n \n \n \n Immediately Accretive to Cash Flow:\n \n Sandstorm expects gold deliveries of 5,400 ounces in 2022 and 7,200 ounces per annum in the first three years post-closing. Sandstorm expects the Mercedes Stream to be 13% accretive to 2022­–24 average cash flow per share\n \n 1\n \n .\n \n \n \n Gold Stream with Fixed Deliveries:\n \n Sandstorm will receive 25,200 ounces of gold over the initial 3.5 years and a 4.4% gold stream thereafter. This is expected to increase the Company's attributable gold equivalent ounces\n \n 2\n \n by 8% in 2022 and 11% in 2023/2024.\n \n \n \n Increased Production Guidance...