trending Market Intelligence /marketintelligence/en/news-insights/trending/la0tVL3weSWG0XIkIUtv9g2 content esgSubNav
In This List

Sandstorm Gold nets US$10M from sale of AuRico Metals stake

Blog

Essential Metals & Mining Insights - October 2021

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Video

Essential Metals & Mining Insights - September 2021

Blog

Lithium and Cobalt CBS September 2021 — Lithium price surges, cobalt range-bound


Sandstorm Gold nets US$10M from sale of AuRico Metals stake

said April 6 that ithas sold its holdings in common shares of AuRicoMetals Inc. for over US$10 million in proceeds.

The shares weresold at 69 cents apiece, representing a 21% return since the company's initial purchaseof AuRico shares in July 2015.

Proceeds fromthe sale will be used to reduce the company's balance on its revolving credit facilityto US$66 million, Sandstorm said.

The asset salerepresents a continuation of the company's strategy to monetize noncore assets toreduce its outstanding debt.