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speedybure (< 20)

September 2012



Sandstorm Gold Update:As good as a new acquisition

September 10, 2012 – Comments (2)

Sandstorm gold (SAND), this morning, announced it will remit $10m to Luna gold (LGCUF.PK) for the phase 1 expansion. This expansion, initially estimated to up production to 100,000 (oz.), will now have a run rate of 125,000/year. Luna has guaranteed Sandstorm Luna will reach 125,000/year (annualized, by the end of 2013). This further increases Sandstorm production growth profile by 4,250 (oz.)/year. However, it is worth noting, the fabulous deal Sandstorm struck with Luna initially has more upside as Luna looks at initiating Phase 2 of its expansion.  [more]

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