Mr. Nolan Watson reports
SANDSTORM GOLD ANNOUNCES THAT RAMBLER'S MING MINE IS NOW IN PRODUCTION
Sandstorm Gold Ltd.'s partner, Rambler Metals and Mining PLC, is now mining and processing ore from its flagship project, the Ming copper-gold 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 per cent to 32 per cent (depending on the metallurgical recovery rate of gold) of the first 175,000 ounces of payable gold and 12 per cent of the payable gold produced thereafter from the Ming mine. There is no continuing cost per ounce for the gold delivered from the Ming mine.
SANDSTORM GOLD LTD n/a n/a d.d. 15 dec. 2011
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