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

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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.