Sandstorm Gold Announces Recommencement of Mine Operations at Aurizona
VANCOUVER, Jan. 15, 2014
VANCOUVER, Jan. 15, 2014 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm")
(NYSE MKT: SAND) (TSX: SSL) is pleased to announce that Luna Gold Corp.
("Luna") has resumed mine operations at the Aurizona Gold Mine in Maranhao,
Production at Aurizona recommenced overnight after a resolution was reached
during a meeting between the local government and the representatives of the
community who were engaged in demonstrations concerning the progress of
government-sponsored infrastructure projects. The demonstrations have ceased,
thereby allowing normal operations to resume at Aurizona.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming company. Sandstorm provides upfront
financing to gold mining companies that are looking for capital and in return,
receives a gold streaming agreement. This agreement gives Sandstorm the right
to purchase a percentage of the gold produced from a mine, for the life of the
mine, at a fixed price per ounce. Sandstorm has acquired a portfolio of eight
gold streams and twenty-seven gold royalties, of which thirteen of the
underlying mines are producing gold. Sandstorm plans to grow and diversify its
low cost production profile through the acquisition of additional gold
Sandstorm is focused on low cost operations with excellent exploration
potential and strong management teams. Sandstorm has completed gold stream
agreements with Brigus Gold Corp., Entrée Gold Inc., Luna Gold Corp., Metanor
Resources Inc., Mutiny Gold Ltd., Rambler Metals and Mining plc., Santa Fe
Gold Corp., and SilverCrest Mines Inc.
For more information visit: www.sandstormgold.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements", within the meaning
of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934,
the Private Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation, concerning the business, operations and financial
performance and condition of Sandstorm Gold Ltd. ("Sandstorm").
Forward-looking statements include, but are not limited to, statements with
respect to the future price of gold, the estimation of mineral reserves and
resources, realization of mineral reserve estimates, and the timing and amount
of estimated future production. 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 statements are made based upon certain assumptions and other
important factors that, if untrue, could cause the actual results,
performances or achievements of Sandstorm to be materially different from
future results, performances or achievements expressed or implied by such
statements. Such statements and information are based on numerous assumptions
regarding present and future business strategies and the environment in which
Sandstorm will operate in the future, including the price of gold and
anticipated costs. Certain important factors that could cause actual results,
performances or achievements to differ materially from those in the
forward-looking statements include, amongst others, gold price volatility,
discrepancies between actual and estimated production, mineral reserves and
resources and metallurgical recoveries, mining operational and development
risks relating to the parties which produce the gold Sandstorm will purchase,
regulatory restrictions, activities by governmental authorities (including
changes in taxation), currency fluctuations, the global economic climate,
dilution, share price volatility and competition.
Forward-looking statements are subject to known and unknown risks,
uncertainties and other important 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 such forward-looking statements,
including but not limited to: the impact of general business and economic
conditions, the absence of control over mining operations from which
Sandstorm will purchase gold and risks related to those mining 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, risks in the marketability of minerals, fluctuations
in the price of gold, fluctuation in foreign exchange rates and interest
rates, stock market volatility, 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 available at www.sedar.com. Although
Sandstorm has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. Sandstorm does not undertake to update any forward looking
statements that are contained or incorporated by reference, except in
accordance with applicable securities laws.
SOURCE Sandstorm Gold Ltd.
Sandstorm Gold Ltd.
Nolan Watson, Chief Executive Officer
Denver Harris, Investor Relations Contact
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