Third Quarter Highlights
•Record revenue of $15.1 million.
•Gold sales of 9,066 ounces.
•Operating cash flow of $10.6 million.
•Average cash cost per ounce1 of $408 resulting in cash operating margins2 of $1,258 per ounce.
•Net income of $4.9 million.
•The Company''s common shares began trading on the NYSE MKT LLC under the symbol SAND.
•The Company agreed to contribute up to $10.0 million towards the Phase 1 Expansion at Luna Gold Corp.''s Aurizona Mine. In conjunction with Sandstorm''s capital contribution, Luna has provided the Company with a contractual guarantee that the Aurizona Mine will complete its Phase 1 Expansion by the end of 2013.
•The Company entered into a precious metals purchase agreement with Colossus Minerals Inc. to purchase an amount equal to 1.5% of the gold and 35% of the platinum produced from the Serra Pelada Mine located in Para, Brazil.
President & CEO Nolan Watson commented, "Q3 was another strong quarter for Sandstorm in terms of revenue and cash flow and we were able to increase our growth profile with the addition of the Colossus Minerals precious metals stream and the expansion commitment by Luna Gold. We are focused on acquiring additional gold streams and with over $150 million in available capital, we are well capitalized to do it."