U.S. Markets open in 8 hrs 44 mins

Sandstorm Gold and Primero Mining close acquisition of Brigus Gold

Sandstorm Gold (SAND) announced the succesful completion of the previously announced plan of arrangement whereby Primero Mining (PPP) has acquired all of the outstanding shares of Brigus Gold (BRD). Brigus' principal asset is the Black Fox mine and mill in Ontario, Canada. Sandstorm has a gold stream agreement to purchase 8% of the life of mine gold from Black Fox and 6.3% of the life of mine gold produced from the Black Fox Extension, at $500 per ounce.