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Sandstorm Gold Royalties announces asset and corporate update

Mining News - Published on Thu, 25 Apr 2019

Image Source: Market Beat
Sandstorm Gold Ltd announced recent updates related to the Company's royalty properties and share buyback program.

Sandstorm Receives First Silver Delivery from the Cerro Moro Stream

In early April, Sandstorm received its first silver delivery under the Cerro Moro stream agreement. This delivery, which amounted to 300,000 silver ounces, represented the maximum quarterly amount under the stream agreement. Cerro Moro is expected to produce 6.0 million silver ounces in 2019.

Cerro Moro Increases 2019 Exploration Budget by 33% over 2018

Yamana Gold Inc announced a USD 15 million exploration budget in 2019 at the Cerro Moro mine, representing a 33% increase over the 2018 exploration expenditures. The budget will be used for an aggressive drill program designed to test major structures that have the potential to host new mineralized zones, and to generate new targets through multi-disciplinary fieldwork.

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Posted By : Sanju Moirangthem on Thu, 25 Apr 2019
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