About
Mr. Watson co-founded Sandstorm in 2008, prior to which he served as the Chief Financial Officer of Silver Wheaton Corp. In that role, Mr. Watson developed the silver streaming business model and helped raise over US$1 billion in debt and equity to fund Silver Wheaton's growth. Mr. Watson is a Chartered Accountant (Valedictorian), holds the designation of Chartered Financial Analyst charter holder and received a Bachelor of Commerce degree, with honours, from the University of British Columbia. He has won numerous awards for his professional and charitable achievements including the Early Achievement Award by the Institute of Chartered Accountants of British Columbia, Canada's Top 40 Under 40 award, CEO of the Year by Business In Vancouver and the Queen's Diamond Jubilee Medal. Mr. Watson also serves as the Chairman of the Audit Committee of the board of Bear Creek Mining Corp. and as a director of TrueGold Mining Inc.
About
Mr. Awram is a co-founder of Sandstorm and has overseen the corporate due diligence process during the company's dramatic growth since 2008. Mr. Awram has evaluated hundreds of projects and has completed on-site due diligence on dozens of mines all over the world. Prior to Sandstorm, Mr. Awram was the Director of Investor Relations for Silver Wheaton Corp., where he was responsible for investor relations and corporate development. Mr. Awram graduated from the University of British Columbia with a Bachelor of Science degree in Geology.
About
Mr. Kazemi is a former Senior Manager with PricewaterhouseCoopers. In that role, he worked primarily in the mining and forestry sectors where he assisted clients in areas such as public financings, mergers and acquisitions, US/SEC securities filings, and various other areas. He has managed the audits of billion dollar multinational entities and also co-authored several publications including the annual BC Mining Industry Survey. Mr. Kazemi articled with PricewaterhouseCoopers where he obtained the Chartered Accountant designation and is a graduate of the University of British Columbia where he received a Bachelor of Science (Mathematics).
In the Community, Mr. Kazemi serves as Vice-Chair of the Vancouver Public Library Board, is an officer of the Vancouver Branch of the Canadian Institute of Mining, Metallurgy and Petroleum and is a former member of the University Of British Columbia Board of Governors. He has received numerous awards including the Institute of Chartered Accountants of British Columbia's Community Service Award and the University of British Columbia Alumni Association's Outstanding Future Alumnus Award.
About
Mr. Bruington joined Sandstorm after more than twelve years at the International Finance Corporation ("IFC") where he was employed as Chief Engineer/Industry Specialist for the mining division of the oil, gas, mining and chemicals department. In that role, Mr. Bruington was responsible for business development, technical appraisal, and operational supervision of the IFC's resource investments, completing more than 100 project appraisals in over 60 countries. Mr Bruington also helped start IFC's Early Mining Equity fund, which has grown to over US$350 million in value. Prior to the IFC, Mr. Bruington spent 20 years with a number of resource companies and was involved in mine design, construction and operations at precious metal, base metal, and energy projects in Australia, South Africa, South America and the U.S.A. Mr. Bruington is a Registered Professional Engineer and holds a Bachelor of Science in Mining Engineering, a Bachelor of Science in Petroleum Engineering, and a Master of Science in Mineral Economics, all from the Colorado School of Mines.
About
Mr. Cochrane is a former Vice President at National Bank Financial where he spent nine years working in the investment banking group. As Vice President, Mr. Cochrane handled primary coverage of BC based clients in the power and utilities, resource, cleantech and other sectors. Mr. Cochrane specialized in providing advice to clients on merger and acquisition transactions and equity and debt financing opportunities. Mr. Cochrane holds the designation of Chartered Financial Analyst charter holder and received a Bachelor of Commerce degree, with honours, from the University of British Columbia. Mr. Cochrane is also a director of Glass Earth Gold Ltd.
About
Prior to joining Sandstorm, Mrs. Tornquist was employed with Rio Tinto for over eight years in various roles in business development and business evaluation. In her most recent position as General Manager Business Evaluation, Mrs. Tornquist was responsible for advising Rio Tinto's Investment Committee on mergers and acquisitions and major investments. Prior to her involvement in mining, Mrs. Tornquist worked in the UK venture capital industry and as a consultant for Accenture. Mrs. Tornquist holds an MBA from INSEAD and a Masters of Engineering from Technische Universität München in Germany.
About
Mr. Ho joined Sandstorm after serving as the Chief Financial Officer for SNS Silver Corporation, where he contributed to equity capital raises and project evaluation and development. Prior to that, Mr. Ho was an Equity Analyst at Raymond James Ltd. where he was responsible for sector institutional research. Mr. Ho began his career at Deloitte & Touche, focusing on public company financial reporting in both the U.S. and Canada. Mr. Ho is a Chartered Accountant, holds the designation of Chartered Financial Analyst charter holder and received a Bachelor of Commerce from the University of British Columbia. Mr. Ho is also a director with Americas Petrogas Inc.
About
Mr. Swarthout is CEO and Director of Bear Creek Mining Corp. a multi-asset silver company based in Peru. Prior to Bear Creek, Mr. Swarthout was an officer and member of the management committee of Southern Peru Copper Corporation where he participated in decision making during a dynamic period of corporate expansions, financing and project development. As Vice-President of Exploration from 1995 to 2000, he was directly responsible for two major discoveries, as well as reserve expansions on the order of 200 per cent on the Southern Peru Copper's two porphyry copper deposits.
Mr. Swarthout has participated in several deposit discoveries and reserve expansions in North and South America which are in production, or which will be in production in the future. Mr. Swarthout has participated in project permitting and financing, has managed several prefeasibility and financial scoping studies and has evaluated reserves on numerous precious and base metals deposits.
About
Mr. De Witt is a founder and the Chairman of Pathway Capital Ltd., a Vancouver based private venture capital company. Mr. De Witt has extensive experience in the areas of corporate and securities law, as well as mergers and acquisitions. Mr. De Witt graduated with a BComm/LLB from the University of British Columbia and practiced corporate, securities and mining law until his retirement from the practice of law in January 1997. He currently holds directorships in a number of public companies involved in the natural resource field and has experience in resource projects located in Latin America, North America and Asia.
About
Mr. Budreski is the President and CEO of Morien Resources Corp., a company focused on the development of a coal asset in Eastern Canada. Mr. Budreski has over 25 years of experience in the resource and resource financing industries, most recently as a Vice Chairman of Cormark Securities Inc. and prior to that, President and CEO of Orion Securities Inc. Mr. Budreski holds a Bachelor of Engineering from Dalhousie / TUNS University and an MBA from the University of Calgary. Mr. Budreski is also a director of Sandstorm Metals & Energy Ltd. and Alaris Royalty Corp.
Board of Directors:
Nolan Watson
President, CEO, and Director
David Awram
Executive Vice President and Director
David De Witt
Director
Andrew Swarthout
Director
John P. A. Budreski
Director
Stock Exchange Listings:
TSX Venture - Symbol SSL
NYSE MKT - Symbol SAND
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Corporate Secretary:
Christine Gregory
Registered & Principal Office:
Sandstorm Gold Ltd.
Suite 1400 - 400 Burrard Street
Vancouver, BC V6C 3A6
Tel: 604.689.0234
Toll Free: 866.584.0234
Fax: 604.689.7317
Email: info@sandstormLTD.com
Website: www.sandstormgold.com
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Auditors:
Deloitte & Touche LLP
2800 - 1055 Dunsmuir Street
4 Bentall Centre
Vancouver BC V7X 1P4
Tel: 604.669.4466
Fax: 604.685.0395
Share Registry:
Computershare Investor Services Inc.
2nd Floor - 510 Burrard Street
Vancouver, BC V6C 3B9
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About Sandstorm Gold
Sandstorm Gold finances gold mining projects through an arrangement called gold streaming. A gold stream involves Sandstorm making an upfront payment to a mining partner that is in need of capital to build their mine, refinance their obligations, complete an acquisition or for various other reasons. In exchange for that upfront payment, Sandstorm receives a contract which stipulates the purchase of a certain percentage of the gold produced from the mine, for the life of the mine, at a fixed per unit cost.
To give an example, one of Sandstorm’s gold streaming agreements is with a company called Mutiny Gold (ASX-MYG). Mutiny needed capital for the development of its Deflector project in Western Australia. Sandstorm provided US$38 million to Mutiny as an upfront cash payment and in return, received a gold streaming agreement to purchase 15% of the life of mine gold produced from Deflector at US$500 per ounce.
Sandstorm was founded by Nolan Watson (President & CEO) and David Awram (Executive Vice President) who, prior to Sandstorm, were the first two employees of Silver Wheaton (which was the first metal streaming company and has grown into the largest in the world). Since 2009, Sandstorm has compiled a portfolio of ten gold streams and three NSR gold royalties, grown to ~1 billion dollars in market capitalization and spun out a sister company called Sandstorm Metals & Energy (TSX-V:SND). Management plans to continue growing the company through the acquisition of accretive gold streams.
A Lower Risk Mining Investment
Building and operating gold mines is difficult work. Gold mines, in the best of situations, have countless operational processes to coordinate and perform in synchronization in order to function economically. Capital expenditure overruns, sustaining capital requirements and inflating costs are just a few of the challenges that mining companies face when trying to deliver returns to shareholders.
Sandstorm leaves the job of building and operating the gold mines to its partners while using its expertise to supply them with financial support. This allows Sandstorm to focus on accretive growth while creating an attractive gold investment for the public.
The gold streaming business model minimizes the typical downside risks in mining investment because there is no obligation for Sandstorm to contribute additional capital after the upfront payment is made and Sandstorm’s ongoing cash costs are fixed forever. Sandstorm’s portfolio of eight gold streams and three royalties give investors leverage to the gold price and exposure to production rate and exploration upside.
A Sandstorm investment maximizes upside potential while minimizing downside risks
Before completing a gold stream agreement with a mining partner, Sandstorm undertakes a thoroughdue diligence process. The process begins with a desktop analysis that evaluates the economics of the mine, assuming that all aspects of the project will work out as planned. Most projects fail this stage. The ones that pass are scrutinized from a technical point of view and management runs sensitivity analysis to search for potential fatal flaw areas. After that step Sandstorm hires geological consultants and technical experts that specialize in the deposit type, location and jurisdiction of the project in question. Those projects that make it this far in the corporate due diligence process are subject to a comprehensive site visit, which assesses metallurgical, engineering and geologic resource issues.
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