written by reader Gold Miners and Financial Challenges

by valentinoamoro | August 21, 2012 3:08 pm

Thought I’d share this with the community – especially given the focus here on SandStorm Gold (they’ve also been in the news lately).

http://business.financialpost.com/2012/07/24/miners-forced-to-get-creative-as-traditional-financing-sources-dry-up/[1]

While all of this seems to be to be great news for SandStorm over the long term (especially with gold[2] prices holding steady – unlike coal[3] and gas!), it does provide an insight into why Sandstorm is not signing as many deals as I thought they would – seems like alternative financing (assuming Sandstorm is one of many firms providing financing to a miner) is falling apart.

Endnotes:
  1. http://business.financialpost.com/2012/07/24/miners-forced-to-get-creative-as-traditional-financing-sources-dry-up/: http://business.financialpost.com/2012/07/24/miners-forced-to-get-creative-as-traditional-financing-sources-dry-up/
  2. gold: https://www.stockgumshoe.com/tag/gold/
  3. coal: https://www.stockgumshoe.com/tag/coal/

Source URL: https://www.stockgumshoe.com/2012/08/microblog-gold-miners-and-financial-challenges/


5 responses to “written by reader Gold Miners and Financial Challenges”

  1. Interesting, thanks — good perspective from Watson.

  2. john arnold says:

    Travis, now that SAND is NYSE listed, has run up considerably in price, and has arranged alternative financing, what’s your thinking on purchasing stock vis a vis warrants and call options. Thanks so much.

  3. JB McMunn says:

    Did everyone enjoy getting hosed by the “bought deal” financing?

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