- Sandstorm Gold (NYSE:SAND -0.2%) agrees to acquire Acacia Mining's (OTCPK:ABGLF, OTC:ABGLY) 2% royalty stake in the Houndé gold mine in Burkina Faso for $45M.
- SAND expects the mine to produce 235K oz./year of gold on average over the first four years of operations; the mine has an initial 10-year mine life based on the current mineral reserves.
- Jefferies analysts say the sale will help Acacia's balance sheet as a concentrate export ban in Tanzania enters its second year.