Sandstorm Gold Ltd. (formerly Sandstorm Resources) provides financing for precious metal mining companies in the form of a 'gold streaming' transaction whereby an upfront cash payment is exchanged for a percentage of gold production from the mine. The finance model has also been called a volumetric production payment transaction and originated in the oil and gas sector.
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History
Sandstorm Resources (now Sandstorm Gold) was founded in 2008, when Nolan Watson and David Awram decided to create a metal streaming company that would be focused on gold acquisitions. Both Watson and Awram were former employees of Silver Wheaton, the first organization to apply this financial model to the mining industry. Sandstorm Gold is a publicly traded company, listed on the Toronto Venture Exchange under the symbol, SSL.
Sandstorm plans to grow and diversify through the acquisition of additional gold streams.
Sandstorm Gold Stock Video
Management and directors
- Nolan Watson, Chairman, President & Chief Executive Officer
- David Awram, Senior Executive Vice President and Director
- Erfan Kazemi, Chief Financial Officer
- Ron Ho, Vice President of Finance
- Andrew T. Swarthout, Director; President and Director of Bear Creek Mining
- John P. A. Budreski, Director; President, Chief Executive Officer and Director of Morien Resources Corp.
- David E. DeWitt, Director; Chairman of Pathway Capital Ltd.
Source of the article : Wikipedia
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