Sandstorm Gold
| 180px | |
| Public | |
| Traded as | NYSE MKT: SAND TSX: SSL |
| Industry | Mining |
| Founder | Nolan Watson, David Awram |
| Headquarters | Vancouver, British Columbia, Canada |
| Services | Financial |
|
Number of employees
|
12 |
| Website | www |
Sandstorm Gold Ltd. (formerly Sandstorm Resources)[1] 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.[2] The finance model has also been called a volumetric production payment transaction and originated in the oil and gas sector.[3]
History
Sandstorm Resources (now Sandstorm Gold)[1] was founded in 2008, when Nolan Watson and David Awram decided to create a metal streaming company that would be focused on gold acquisitions.[4] Both Watson and Awram were former employees of Silver Wheaton, the first organization to apply this financial model to the mining industry.[5] Sandstorm Gold is a publicly traded company, listed on the Toronto Venture Exchange under the symbol, SSL.[6]
Sandstorm plans to grow and diversify through the acquisition of additional gold streams.[7]
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.[8]
References
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Articles
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