Latest news with #Sandstorm
Cision Canada
4 days ago
- Business
- Cision Canada
Sandstorm Gold Royalties Announces Voting Results from 2025 Annual Shareholder Meeting
VANCOUVER, BC, May 30, 2025 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to provide the voting results from the Company's Annual General and Special Meeting of Shareholders (the "Meeting"). The Meeting was held today, May 30 th in Vancouver, British Columbia at which 70% of the issued common shares, as of the record date for the Meeting, were represented. Shareholders voted in favour of all resolutions presented, including the re-election of all director nominees, namely Nolan Watson, David Awram, David E. De Witt, Andrew T. Swarthout, John P.A. Budreski, Mary L. Little, Vera Kobalia, and Elif Levesque. Detailed results of the vote for directors are set out below: Detailed voting results for all matters considered at the Meeting will be available on SEDAR+ at and on EDGAR at ABOUT SANDSTORM GOLD ROYALTIES Sandstorm is a precious metals-focused royalty company that provides upfront financing to mining companies and receives the right to a percentage of production from a mine, for the life of the mine. Sandstorm holds a portfolio of approximately 230 royalties, of which 40 of the underlying mines are producing. Sandstorm plans to grow and diversify its low-cost production profile through the acquisition of additional gold royalties. For more information visit: SOURCE Sandstorm Gold Ltd.
Yahoo
4 days ago
- Business
- Yahoo
Sandstorm Gold Royalties Announces Voting Results from 2025 Annual Shareholder Meeting
VANCOUVER, BC, May 30, 2025 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to provide the voting results from the Company's Annual General and Special Meeting of Shareholders (the "Meeting"). The Meeting was held today, May 30th in Vancouver, British Columbia at which 70% of the issued common shares, as of the record date for the Meeting, were represented. Shareholders voted in favour of all resolutions presented, including the re-election of all director nominees, namely Nolan Watson, David Awram, David E. De Witt, Andrew T. Swarthout, John P.A. Budreski, Mary L. Little, Vera Kobalia, and Elif Levesque. Detailed results of the vote for directors are set out below: Election of Directors Votes For % For Votes Withheld % Withheld Nolan Watson 174,714,604 99.26 % 1,297,328 0.74 % David Awram 173,247,072 98.43 % 2,764,861 1.57 % David E. De Witt 168,801,580 95.90 % 7,210,352 4.10 % Andrew T. Swarthout 168,949,013 95.99 % 7,062,919 4.01 % John P.A. Budreski 154,624,590 87.85 % 21,387,342 12.15 % Mary L. Little 139,978,560 79.53 % 36,033,373 20.47 % Vera Kobalia 172,613,405 98.07 % 3,398,528 1.93 % Elif Levesque 145,709,384 82.78 % 30,302,549 17.22 % Detailed voting results for all matters considered at the Meeting will be available on SEDAR+ at and on EDGAR at Contact Information For more information about Sandstorm Gold Royalties, please visit our website at or email us at info@ ABOUT SANDSTORM GOLD ROYALTIES Sandstorm is a precious metals-focused royalty company that provides upfront financing to mining companies and receives the right to a percentage of production from a mine, for the life of the mine. Sandstorm holds a portfolio of approximately 230 royalties, of which 40 of the underlying mines are producing. Sandstorm plans to grow and diversify its low-cost production profile through the acquisition of additional gold royalties. For more information visit: View original content to download multimedia: SOURCE Sandstorm Gold Ltd. View original content to download multimedia: Sign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
Bear Creek Mining Reports Q1 2025 Financial and Operating Results
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) ("Bear Creek" or the "Company") reports its interim consolidated financial results for the three months ended March 31, 2025 ("Q1 2025"). This news release should be read in conjunction with the Company's interim consolidated financial statements and management discussion and analysis ("MD&A") for the three months ended March 31, 2025, which are available on SEDAR+ ( and the Company's website ( Monetary amounts in this news release are in United States dollars unless otherwise stated and all capitalized terms herein have the same meaning as defined in the Q1 2025 financial statements. Highlights During Q1 2025 and to the date of this release include, the Company: Produced 8,262 oz of gold and 36,466 oz of silver from its Mercedes mine in Q1 2025. Issued updated Mineral Resources and Mineral Reserves for the Mercedes Mine and filed a related Technical Report (as defined in NI 43-101). Completed a brokered private placement on a bought deal basis of 64,445,000 common shares of the Company at a price of C$0.225 per share wherein aggregate gross proceeds totaling $10 million (C$14.5 million) were raised (the "Offering"). Amended agreements with each of Sandstorm Gold Ltd. ("Sandstorm") and Equinox Gold Corp. ("Equinox") to temporarily defer, to December 2025, the payment of interest under certain outstanding debt arrangements otherwise due between February and November 2025. These debt amendments were approved by the TSX Venture Exchange ("TSX-V") on April 10, 2025. Initiated a strategic review process ("Strategic Review") to explore and evaluate the strategic and financial options available to the Company with the ultimate view of enhancing value. Mr. Christian Milau was engaged as a strategic advisor to the Board to assist with oversight of the Strategic Review. At the date of this MD&A an estimate of the financial effect of such Strategic Review on the Company's interim Q1 2025 financial statements cannot be determined. Announced the retirements of Mr. Andrew Swarthout and Ms. Sandra Daycock from the Company's board of directors (the "Board") and appointed Peter C. Mitchell and Ian Grundy to the Board. Announced the issuance of a secured promissory note to a wholly owned subsidiary of Sandstorm (the "2025 Sandstorm Note") in the principal amount of up to US$6.5 million, with Sandstorm committing up to US$600,000 per month of credit to the Company for working capital purposes. The 2025 Sandstorm Note was approved by TSX-V on May 8, 2025. Subsequent to the end of the quarter, funds in the amount of US$1.2 million were drawn down by the Company pursuant to the 2025 Sandstorm Note. Appointed Mr. Eduardo Flores in the position of Senior Vice President, Business Development. Selected Q1 2025 Financial and Production Results Mercedes Operating Highlights Three Months Ended March 31, 2025 Gold ounces produced 8,262 Silver ounces produced 36,466 Cash costs per gold ounce sold (1) $2,066 AISC per gold ounce sold (1) $2,646 Tonnes mined (thousands) 102,886 Tonnes processed (thousands) 105,611 Average gold grade mined (g/t) 3.00 Average gold grade processed (g/t) 2.56 Recovery rate gold 95% Gold ounces sold 7,870 Average realized gold price (2) $2,877 Development (meters) 2,469 Financial Results (thousands of dollars, except share and per share amounts) Three Months EndedMarch 31, 2025 Revenue $23,685 Comprehensive earnings (loss) after taxes $(13,355) Comprehensive earnings (loss) per share (3) $(0.06) Cash generated from (used in) operating activities $(3,172) Cash generated from (used in) investing activities $(5,888) Cash generated from (used in) financing activities $9,037 Weighted average shares during period 242,051,896 Shares issued and outstanding at end of period 292,175,785 (1) Non-GAAP Measure. Please see "Non-GAAP Measures" below for further information.(2) Inclusive of final settlement adjustments on sales for non-streamed ounces(3) Per share amounts are based on weighted average shares during the period Eric Caba, President & CEO, states, "Q1 2025 was focused on managing the transition to narrow vein mining at Mercedes, completing the Technical Report associated with the update to the Mineral Resources and Reserves at Mercedes, and launching the Strategic Review. We expect the transition at Mercedes to continue through the second quarter of 2025 as we work to resolve contractor issues and bring Marianas production in line with expectations to fully capitalize on the current robust gold markets. We are very pleased to have recently welcomed Eduardo Flores to the Bear Creek team as SVP, Business Development, and look forward to his contributions to our management team." Mercedes Mine, Mexico The Mercedes mine is a fully mechanized, ramp-access operation that produces gold and silver. Eleven individual deposits have been mined or are in production. Seven additional deposits have been identified and are in the early exploration or drill definition stage. Additional mineralized zones proximal to existing workings have been identified and are at the exploration or drill definition stage. Exploration During Q1 2025, the Company continued with its Mineral Resource delineation and infill drilling program with a particular focus on the Marianas deposit, as well as ongoing work at Diluvio West, San Martin, and Neo. This drilling is intended to provide increased confidence in the Mineral Resource classification categories, ultimately reducing risk during Mineral Resource to Reserve conversion and subsequent mine planning stages. Through the first quarter the 2025 brownfields Mineral Resource surface exploration and extension drilling program commenced on Diluvio Northwest. In parallel, underground Mineral Resource delineation and/or conversion drilling began at the Marianas, Diluvio West, San Martin, and Neo deposits. Mineral Resource delineation and/or conversion drilling expenditures were $0.4 million during the quarter. Mineral Resource and Mineral Reserve Updates Updated and improved geological and block models prepared by the Company in 2024 formed the basis of updated Mercedes Mineral Resource and Mineral Reserve estimates (the "2024 Estimates") announced by the Company on January 29, 2025 and supported by the Technical Report entitled "NI 43-101 Technical Report, Mercedes Gold - Silver Mine, Sonora State, Mexico", dated effective September 30, 2024 and filed on March 14, 2025, both of which are available on the Company's website and on SEDAR+. Development During Q1 2025, 2,469 meters of development were achieved at the Mercedes Mine. The management team has finalized ventilation designs for the Marianas deposit and the installation of a ventilation raise is expected to be completed during the third quarter of 2025. Production Mercedes' production during Q1 2025 was primarily garnered from the San Martin deposit, with lesser contributions from Marianas, Diluvio, Rey de Oro Alta and Barrancas. The reduced ore throughput in Q1 2025, as compared with previous periods, is primarily a result of significant underperformance by a contractor engaged in late 2024 to provide specialized narrow vein mining equipment (to reduce dilution) and personnel. This contractor underperformance delayed advancement of the Marianas and Rey de Oro deposits planned for the Q1 2025, which negatively impacted the grade and tonnes mined during the quarter. The lower than planned Q1 2025 ore production from Marianas was partially offset by accelerated pillar recovery at the San Martin deposit. The Mercedes Mine had no fatalities, no lost time incidents, and no reportable environmental incidents during the quarter ended March 31, 2025. As of the date of this news release, Bear Creek has not provided production guidance for the Mercedes Mine for 2025. Corani Project Activities at the Corani Property during Q1 2025 focused primarily on assessment of the Oxides opportunity, continuation of a geometallurgical test program, and ongoing community support initiatives. Oxides Opportunity The Company believes the Oxides - near-surface, silver-rich oxidized material that occurs within the Este, Main and Minas deposits at Corani as outlined in the 2019 Corani Report - provide an exciting opportunity to add silver resources to the Corani mineral inventory, and potentially extend the anticipated Corani mine life, but that additional work is required to fully develop the scope of this opportunity. Subsequent to the quarter-end, the Company announced that as it is engaged in its Strategic Review process, such additional work will not be undertaken at this time, and hence it will not proceed with completion of an economic study related to the Oxides. Additional details regarding the Oxides opportunity are provided in the Company's news release dated September 9, 2024. Social and Environmental Initiatives During Q1 2025 the Company continued environmental monitoring of the area around the Corani camp and the within the Corani Property. New and Restructured Debt On April 10, 2025, Sandstorm, Equinox and the Company executed agreements to defer the monthly interest payments on the certain existing debt agreements, whereby monthly interest payments payable from and including February 2025 to November 2025, are deferred until December 31, 2025 (the "Deferred Interest"). Interest automatically accrues on the Deferred Interest at the same rate applicable to the principal under the debt agreements, such rate being 7% per annum, compounded monthly, and the Deferred Interest and any accrued and unpaid interest thereon is payable in full on December 31, 2025. All other terms of the debt agreements remain unchanged and in full force and effect. After receiving TSX-V approval on May 8, 2025, the Company issued a secured promissory note to a wholly owned subsidiary of Sandstorm (the "2025 Sandstorm Note") in the principal amount of up to US$6.5 million (the "Credit Extension"), with Sandstorm committing up to US$600,000 per month of credit to the Company for working capital purposes. The 2025 Sandstorm Note contains substantially similar terms to the Sandstorm Promissory Note, including a maturity date of September 22, 2028, an interest rate of 7% per annum and a conversion price of C$0.73 per common share (or such greater price as may be required by the TSX-V). Additional details regarding the terms of the 2025 Sandstorm Note are available in the Company's news release dated May 8, 2025. Overview of Results of Operations, Liquidity and Capital Resources For the three months ended March 31, 2025, the Company recorded revenue of $23.7 million from the sale of gold and silver. The cost of goods sold was $16.3 million and depletion, amortization and depreciation amounted to $9.3 million. During Q1 2025 the Company had a gross loss of $1.9 million and an operating loss of $5.5 million. After operating expenses, other income and expenses, changes in the fair value of the financial instruments (principally due to higher gold prices), and tax expenses and recoveries, the Company recorded a comprehensive net loss of $13.3 million ($0.06 per share) for Q1 2025 During the three months ending on March 31, 2025, with the focus to improve liquidity, the Company completed the Offering - a bought deal private placement of 64,445,000 common shares at a price of C$0.225 per share for aggregate gross proceeds of $10 million (C$14.5 million). At March 31, 2025 the Company held cash and cash equivalents and short terms investments totaling $6.7 million. During Q1 2025, operating activities used $3.2 million, investing activities used $5.9 million and financing activities generated $9.0 million in cash. At March 31, 2025, the Company's net working capital deficiency (current assets less current liabilities) was $88.2 million (compared to $97.0 million at December 31, 2024). Significant amounts contributing to the March 31, 2025 net working capital deficiency are $30.0 million in accounts payable, $22.1 million in current portion of Note payable, $8.8 million in current portion of stream arrangements, and $48.8 million in convertible debentures and notes. The Company's interim consolidated financial statements for the three months ended March 31, 2025 were prepared following accounting principles applicable to a going concern, which assumes the Company will be able to continue in operation for at least twelve months from March 31, 2025 and will be able to realize its assets and discharge its liabilities in the ordinary course of operations. Despite completing the Offering and taking other measures to improve liquidity, material uncertainty remains in relation to the ability of the Company to achieve the operating results and cash flow generation from the Mercedes mine necessary to avoid seeking additional financing, which gives rise to significant doubt about the Company's ability to continue as a going concern. There can be no assurance that the steps management is taking to improve the Company's liquidity will be successful. The Company's interim condensed consolidated financial statements for the three months ended March 31, 2025 do not include adjustments to the carrying values of the assets and liabilities, the reported revenues and expenses, and the balance sheet classifications used, should the Company be unable to continue as a going concern. These adjustments could be material. Non-GAAP Measures This news release includes disclosure of certain financial measures or ratios, as such terms are used in National Instrument 52-112 - Non-GAAP and Other Financial Measures Disclosure, including Cash Costs and AISC. These Non-GAAP financial measures are not standardized financial measures under IFRS Accounting Standards, as issued by the International Accounting Standards Board ("IFRS Accounting Standards"), and might not be comparable to similar measures presented by other companies. The Company believes that these measures and ratios provide investors with an improved ability to evaluate the prospects of the Company as they provide additional information related to operating performance and are widely used in the mining industry. The Company has adopted the practice of calculating a performance measure consisting of the net cost of producing an ounce of gold after deducting revenues gained from silver by-product production. Cash Cost and AISC are calculated per ounce of gold sold net of credits for realized silver revenues. The Company adds the governmental royalty of 1% for special mining law (0.5% in 2024), third-party net smelter royalties and adjustments for finished goods related to the increase or decrease in remaining inventory to the cost of production. Other adjustments may be made as required. For further information regarding these Non-GAAP financial measures including reconciliations of these measures to the applicable costs items as reported in the consolidated financial statements for the respective periods, please see the information under the heading "Cash Cost and All-in-Sustaining Cost ("AISC") for Mercedes" in the Company's MD&A for the three months ended March 31, 2025 (available on the Company's website and on SEDAR+). On behalf of the Board of Directors, Eric CabaPresident and CEO For further information contact:Barbara Henderson - VP Corporate CommunicationsDirect: 604-628-1111E-mail: barb@ to Bear Creek Mining news NI 43-101 Disclosure Unless otherwise indicated, scientific and technical information in this news release is based on work programs and initiatives conducted under the supervision of, and has been reviewed and approved by, Donald Mc Iver, Fellow SEG and Fellow Aus-IMM. Mr. Mc Iver is Vice President, Exploration and Geology of Bear Creek Mining Corporation and is a qualified person ("Qualified Person" or "QP") as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Additional information related to the Mercedes Mine and the Corani Project, including the Quality Assurance and Quality Control measures applied to the Company's sampling and assaying practices, is available in its Annual Information Form for the year ended December 31, 2024, available on its website and on SEDAR+. Cautionary Statement Regarding Forward-Looking Information This news release contains forward-looking statements regarding: the deferral of interest payments under the 2025 Debt Arrangements until December 31, 2025; the payment of the Deferred Interest on December 31, 2025; the Credit Extension and the 2025 Sandstorm Note; the Strategic Review process; the purpose and potential outcomes of Mercedes exploration drilling programs; plans for Mercedes; anticipated 2025 Mercedes mining plans and sources of production; Mercedes' 2025 development and capital investment plans; potential benefits and impacts of the Oxides material on the Corani project resources and reserves, forecasted production and mine life; the requirement for additional analysis to fully understand the potential benefits of the Oxides on the Corani project; future resolution and/or recourse related to the contractor underperformance and delays in procurement of equipment and personnel and the delivery of mining services at the Marianas deposit; the Strategic Review; and the Company's ability to remain a going concern. These forward-looking statements are provided as of the date of this news release and reflect predictions, expectations or beliefs regarding future events based on the Company's beliefs at the time the statements were made, as well as various assumptions made by and information currently available to them. In making the forward-looking statements included in this news release, the Company has applied several material assumptions, including, but not limited to, assumptions related to the Company's operating results, business objectives, goals and capabilities. Although management considers the assumptions underlying its forward-looking statement to be reasonable based on information available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and the risk exists that estimates, forecasts, projections, and other forward-looking statements will not be achieved or that assumptions on which they are based do not reflect future experience. We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the expectations expressed in them. These risk factors may be generally stated as the risk that the assumptions expressed above do not occur, but may include additional risks as described in the Company's latest Annual Information Form, and other disclosure documents filed by the Company on SEDAR+. The foregoing list of factors that may affect future results is not exhaustive. Investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on behalf of the Company, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit
The Star
23-05-2025
- Entertainment
- The Star
QuickCheck: Was a dance track played on air and in malls on its 25th anniversary?
IN TODAY'S digital age, the success of a song is often seen in how it goes viral on social media, but back in the day, it was all about airplay and charts. Twenty-five years ago, iconic Eurodance track "Sandstorm" by Darude was released internationally and went on to become Finland's most commercially successful single of all time. Is it true that to mark the occasion, radio stations and shopping centres throughout the country played the track simultaneously? VERDICT: TRUE Taking to his official social media channels, Finnish DJ and producer Darude shared the news that the track was played simultaneously throughout his home country on May 8, 2025. "What an honour. At 9.15 this morning, radio stations and shopping centres across Finland came together to play Sandstorm at exactly the same time to celebrate 25 years! "You could hear it in malls, schools, everywhere! Thank you everyone," Darude said in his Instagram post. The DJ and producer also announced that Sept 6 would be the Helsinki date for his #STORM25 tour. Meanwhile, industry magazine DJ Mag reported that Sandstorm was one of Finland's most successful commercial singles of all time, having spent 17 weeks in the upper reaches of the country's dance chart upon release. It added that the track had initially been released in Finland in October 1999, but was re-released globally in 2000. DJ Mag also said the track had since become a viral sensation multiple times over, having gained momentum as an online meme in the past decade or so. It also reported that in 2018, it had even become the alarm sound of an actual sandstorm detector and most recently was featured in the trailer for the new Bandai Namco action RPG Sand Land. What an honour. At 09:15 this morning, radio stations and shopping centers across Finland came together to play Sandstorm at exactly the same time to celebrate 25 years! You could hear it in malls, schools, everywhere! Thank you everyone! > > — Darude (@Darudevil) Darudevil/status/ 1920512285455360329?ref_src= twsrc%5Etfw ">May 8, 2025 SOURCES: - sandstorm-played- simultaneously-finnish-radio- stations-celebrate-25th- anniversary - darude-sandstorm-act-alarm- actual-sandstorm-detector
Yahoo
16-05-2025
- Business
- Yahoo
Sandstorm Gold Royalties Reports Favourable Voting Recommendations from ISS and Glass Lewis Regarding 2025 Shareholder Meeting
VANCOUVER, BC, May 16, 2025 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) today announced that, further to the Company's press release dated May 12, 2025, Institutional Shareholder Services Inc. ("ISS") has updated its voting recommendations regarding proposals relating to amendments to the Company's share-based compensation program to be voted on at the Company's upcoming Annual General and Special Meeting of Shareholders scheduled for May 30, 2025 (the "Meeting"). ISS' updated report now recommends shareholders vote FOR all management proposals to be voted on at the Meeting, including those proposals ISS previously recommended voting against. As previously announced, Glass, Lewis & Co. LLC, a leading independent proxy advisor, has also recommended that the Company's shareholders vote FOR the management proposals relating to the Company's share-based compensation program as outlined in the Company's Management Information Circular dated April 9, 2025 (the "Information Circular"). For further details, please refer to the Company's press release dated May 12, 2025. Shareholders can obtain copies of the Information Circular and other related Meeting materials from SEDAR+ at or by contacting Investor Relations at info@ ABOUT SANDSTORM GOLD ROYALTIES Sandstorm is a precious metals-focused royalty company that provides upfront financing to mining companies and receives the right to a percentage of production from a mine, for the life of the mine. Sandstorm holds a portfolio of approximately 230 royalties, of which 40 of the underlying mines are producing. Sandstorm plans to grow and diversify its low-cost production profile through the acquisition of additional gold royalties. For more information visit: View original content to download multimedia: SOURCE Sandstorm Gold Ltd. View original content to download multimedia: Sign in to access your portfolio
