Shares of Sandstorm Gold (NYSEMKT:SAND) have been under pressure lately, mainly due to the price of gold (NYSEARCA:GLD) dropping to $1,220 an ounce, but also due to a negative news release from one of Sandstorm's streaming partners, which I will discuss later on.
First, for investors unfamiliar with the business model of Sandstorm Gold, I will go over it here briefly and touch upon some of the advantages of this business model.
Sandstorm is a gold streaming company - the company finances mines by giving capital to a company looking to build that mine, and in return, Sandstorm receives a gold stream contract which gives them the right to purchase gold at the mine for a...
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