Sandstorm Gold May Be Preparing For An Acquisition

About: Sandstorm Gold Ltd. (SAND), Includes: AUY, FTMNF, KGC, LUNMF, MMX, NEM, USAS
by: Gold Mining Bull
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Gold Mining Bull
Long only, gold & precious metals, oil & gas, contrarian

Sandstorm Gold recently amended its revolving credit facility to include an accordion feature to increase it $75 million to $300 million.

Sandstorm has been somewhat quiet since buying a gold stream from Americas Silver back in April, and its rival Maverix Metals just bought a large royalty portfolio.

I break down this recent news and give my thoughts on the stock.

Sandstorm Gold December Update

Data by YCharts

Sandstorm Gold (SAND) recently announced that it has amended its existing $225 million revolving credit facility, to include an accordion of up to $75 million, which