Sandstorm Gold Ltd. (TSX VENTURE:SSL) is pleased to announce its unaudited results for the second quarter ended June 30, 2012 (all figures in U.S. dollars).
Second Quarter Highlights
- Record gold sales of 9,259 ounces.
- Record operating cash flow of $11.3 million.
- Average cash cost per ounce1 of $298 resulting in cash operating margins of $1,317 per ounce.
- Net income of $5.3 million.
…Outlook
Based on existing gold stream agreements, the forecasted attributable production for 2012 is 28,000 to 33,000 ounces of gold, increasing to over 50,000 ounces of gold per annum by 2015.
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