Sandstorm Metals & Energy Releases Third Quarter Results

CNW Group

VANCOUVER , Nov. 5, 2013 /CNW/ - Sandstorm Metals & Energy Ltd. ("Sandstorm" or the "Company") (SND.V) has released its unaudited results for the third quarter ended September 30, 2013 (all figures in U.S. dollars).

Third Quarter Summary

  • Converted the copper stream on the Bracemac-McLeod Mine into a 2.4% net smelter return royalty (NSR) based on 100% of the production from the mine.
  • $0.4 million in royalty revenue was received during the third quarter from the Bracemac-McLeod NSR.
  • Net loss of $6.6 million primarily attributable to a non-cash impairment charge of $6.3 million related to the conversion of the Bracemac-McLeod copper stream into a NSR.

Sandstorm President & CEO Nolan Watson commented, "During the quarter, our time and energy was focused on restructuring some of the Company's existing commodity stream agreements. The process is nearing completion and our efforts are reorienting towards the next steps to grow the Company."

Sandstorm's third quarter results for the period ended September 30, 2013 are available on SEDAR at www.sedar.com and on the Company website at www.sandstormmetalsandenergy.com. A conference call will be held on Wednesday, November 6, 2013 starting at 10:30am PST to discuss the third quarter and provide a corporate update. To participate in the conference call use the dial-in numbers below. It is recommended that participants dial in five minutes prior to the commencement of the conference call. To access an audio webcast of the conference call, click here. The webcast will also be available on the Sandstorm website.

Local/International: 647-788-4916

North American Toll-Free: 877-214-4966

ABOUT SANDSTORM METALS & ENERGY

Sandstorm Metals & Energy Ltd. is the world's first diversified streaming company. Sandstorm provides upfront financing to resource companies that are looking for capital and in return, receives a commodity streaming agreement. This agreement gives Sandstorm the right to purchase a percentage of the commodity produced at a mine, for the life of the mine, at a fixed price. Sandstorm has acquired a portfolio of three commodity streams and two net smelter return royalties in copper, lead, natural gas, palladium and zinc. Sandstorm plans to grow and diversify its production base through the acquisition of additional commodity streams.

Sandstorm Metals & Energy is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed commodity stream and royalty agreements with Canadian Zinc Corp., Colossus Minerals Inc., Donner Metals Ltd., Entrée Gold Inc. and Gordon Creek Energy Inc.

For more information visit: www.sandstormmetalsandenergy.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", or similar terminology. Forward-looking information is based on reasonable assumptions that have been made by Sandstorm as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by the forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over operations from which Sandstorm will purchase commodities and risks related to those operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; problems inherent to the marketability of commodities; industry conditions, including fluctuations in the price of commodities, fluctuations in foreign exchange rates and fluctuations in interest rates; stock market volatility; competition; as well as those factors discussed in the section entitled "Risks to Sandstorm" in Sandstorm's annual report for the financial year ended December 31, 2012 . Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Sandstorm does not undertake to update any forward-looking information that is contained or incorporated by reference herein, except in accordance with applicable securities laws. Sandstorm does not provide any representation as to its comparability with other companies in its industry including, but not limited to, Franco-Nevada Corporation, BHP Billiton and Rio Tinto.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Sandstorm Metals & Energy Ltd.

Contact:

Sandstorm Metals & Energy Ltd.
Erfan Kazemi, Chief Financial Officer
(604) 689-0234

Denver Harris, Investor Relations Contact
(604) 628-1178

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