A leader in Precious Metal News Commentary

Friday, December 16, 2011

Sandstorm Gold Announces That Rambler's Ming Mine is Now in Production

Sandstorm Gold led by former CFO of Silver Wheaton, Nolan Watson, continues to increase shareholders earnings per share with this being the latest mine coming into production. Sandstorm Gold is a gold metal streaming business operated much to the same way as Silver Wheaton. For more information on Sandstorm Gold check out this article on seeking alpha
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15, 2011) - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (TSX VENTURE:SSL) announces that Rambler Metals and Mining plc (TSX VENTURE:RAB)(AIM:RMM) ('Rambler') is now mining and processing ore from its flagship project, the Ming Copper-Gold Mine (the "Ming Mine"), located on Newfoundland and Labrador's Baie Verte Peninsula, Canada. In accordance with Sandstorm's gold purchase agreement with Rambler, Sandstorm is entitled to receive 25%-32% (depending on the metallurgical recovery rate of gold) of the first 175,000 ounces of payable gold, and 12% of the payable gold produced thereafter from the Ming Mine. There is no ongoing cost per ounce for the gold delivered from the Ming Mine.
Read More>>

1 comment: