Attributable Gold Equivalent ounces sold, for the three months ended March 31, 2016 were 11,381 ounces compared with 12,460 ounces for the comparable
period in 2015.
Revenue for the three months ended March 31, 2016 was $13.4 million compared with $15.3 million for the comparable period in 2015.
Operating cash flows for the three months ended March 31, 2016 were $9.7 million compared with $8.1 million for the comparable period in 2015.
Average cash costs for the three months ended March 31, 2016 of $2671 per Attributable Gold Equivalent ounce compared with $3231 per Attributable Gold
Equivalent ounce for the comparable period in 2015.

1 Refer to section on non-IFRS measures of this MD&A

SIGNIFICANT ACQUISITIONS
During the three months ended March 31, 2016, the Company acquired a royalty portfolio consisting of 52 royalties from Teck Resources Limited and its
affiliates for consideration of $16.8 million, of which $1.4 million was paid in cash and $15.4 million in common shares of the Company. The transaction
provides asset diversification; immediate cash flow and significant cash flow growth potential with estimated cash flow in 2016 of over $1.0 million with
estimated growth to over $10 million in cash flow per year over the long term; and strong counterparties including Barrick Gold Corporation, Glencore plc,
KGHM Polska Miedz SA, Newmont Mining Corporation and Kinross Gold Corporation.

Overview
Sandstorm is a growth-focused company that seeks to acquire gold and other precious metal purchase agreements (“Gold Streams” or “Silver Streams”) and royalties from companies that have advanced stage development projects
or operating mines. In return for making upfront payments to acquire a Gold Stream, Sandstorm receives the right to purchase, at a fixed price per ounce, a percentage of a mine’s gold, silver, or other commodity ("Gold
Equivalent") production for the life of the mine. Sandstorm helps other companies in the resource industry grow their businesses, while
acquiring attractive assets in the process. The Company is focused on acquiring Gold Streams and royalties from mines with low production
costs, significant exploration potential and strong management teams. The Company currently has 131 Gold Streams and net smelter returns royalties (“NSR”s), of which 20 of the underlying mines are producing.

OUTLOOK
Based on the Company’s existing Gold Streams and NSRs, attributable Gold Equivalent production (individually and collectively referred to as “Attributable Gold Equivalent”) for 2016 is forecasted to be between 40,000 – 50,000 Attributable Gold Equivalent ounces. The Company is forecasting Attributable Gold Equivalent production of approximately 65,000 ounces per annum by 2020.

read more on
http://www.sandstormgold.com/_resources/financials/2016/SSL-Q1-2016.pdf

Sandstorm Gold Yesterday (5/5)Vol. 316.90
Time X Price Chg Vol Buyer Seller Markers
16:00:00 T 5.01 +0.08 30 36 Latimer 72 Credit Suisse Q
16:00:00 T 5.01 +0.08 32 80 National Bank 36 Latimer Q
16:00:00 T 5.01 +0.08 100 53 Morgan Stanley 79 CIBC KQ

6 mei
Sandstorm Gold Today Vol. 44.000
Time X Price Chg Vol Buyer Seller Markers
09:44:14 T 5.18 +0.17 800 1 Anonymous 79 CIBC
09:44:14 T 5.18 +0.17 700 53 Morgan Stanley 79 CIBC
09:44:14 T 5.18 +0.17 100 79 CIBC 79 CIBC W

tijd 16.09
Sandstorm Gold beginstand per 1/1/2016 C$ 3,60 en nu C$5,32 = + 51,75%

tijd 17.17
Sandstorm Gold Today Vol. 438.800
Time X Price Chg Vol Buyer Seller Markers
11:02:19 T 5.58 +0.57 100 15 UBS 79 CIBC
11:02:04 T 5.58 +0.57 100 53 Morgan Stanley 2 RBC
11:02:04 T 5.58 +0.57 500 79 CIBC 79 CIBC