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Sandstorm Gold Ltd. closes Vatukoula Gold stream

On Dec. 23, 2021, Sandstorm Gold Ltd. (Sandstorm) (NYSE: SAND, TSX: SSL) closed the first tranche of its US$30 million Vatukoula stream and royalty transaction on the producing Vatukoula Mine in Fiji.

Sandstorm has funded US$27 million in accordance with the terms of the stream agreement. The remaining US$3 million is currently expected to be disbursed in the first quarter of 2022.

BLG represented Sandstorm with a team led by Erik Goldsilver (Capital Markets and Mining) that included Ryan Laity and MaryGrace Johnstone (Banking & Financial Services).