Sandstorm Gold Announces 2016 THIRD Quarter Results

Click to access 2016-11-09.pdf

Vancouver, British Columbia—November 9, 2016 Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has released its results for the third quarter ended September 30, 2016 (all figures in U.S. dollars). — THIRD QUARTER HIGHLIGHTS • Attributable gold equivalent ounces sold1 of 12,588 ounces (Q3 2015 – 10,834 ounces); • Revenue of $16.8 million (Q3 2015 – $12.1 million); • Average cash cost per attributable gold equivalent ounce of $255 resulting in cash operating margins1 of $1,081 per ounce (Q3 2015 – $307 per ounce and $809 per ounce respectively); • Operating cash flow of $10.3 million (Q3 2015 – $8.2 million); • Net income of $6.9 million (Q3 2015 – $5.5 million loss); and • The Company completed an equity financing for aggregate gross proceeds of $57.5 million. The majority of the net proceeds were used to reduce the balance of the Company’s revolving credit facility. As a result, the Company currently has no bank debt and the entire $110 million revolving credit facility remains available for acquisition purposes.

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