Sandstorm Gold Releases Great 1Q Results

Another great quarter for this gold streaming company. I've been in since .65 cents and have no intentions of selling anytime soon!
----

Sandstorm Gold Recognizes Record Gold Sales and Operating Cash Flow of US$9.3 Million

 Vancouver, British Columbia, May 3, 2012 - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (TSX-V:SSL) is pleased to announce its unaudited results for the first quarter ended March 31, 2012 (all figures in U.S. dollars).

First Quarter Highlights

• Record operating cash flow of $9.3 million.
• Record gold sales of 7,946 ounces.
• Average cash cost per ounce¹ of $314 resulting in cash operating margins of $1,380 per ounce.
• Sandstorm entered into a revolving credit agreement to borrow up to $50 million, which remains undrawn.

"The first quarter proved to be another record quarter in terms of gold sales and cash flow," said President & CEO Nolan Watson. "As our cash balance continues to grow, we are better positioned to complete additional gold streams..."

Read more - www.sandstormgold.com