Sandstorm Gold Arrives In Mongolia - Seeking Alpha: "Sandstorm Gold (SAND) is a precious metal streaming company. They provide financing for gold mining companies in exchange for a long-term gold stream. As stipulated on their website 'A gold stream involves Sandstorm making an upfront payment to a mining partner that is in need of capital to build their mine, refinance their obligations, complete an acquisition or for various other reasons. In exchange for that upfront payment, Sandstorm receives a contract which stipulates the purchase of a certain percentage of the gold produced from the mine, for the life of the mine, at a fixed per unit cost.' The fixed cost per ounce of gold is typically heavily discounted in comparison with the prevailing spot price. We provided more information on Sandstorm Gold in a recent article."
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