Sandstorm Gold Ltd. has learned that gold production at the Aurizona mine, operated by Luna Gold Corp., amounted to 13,473 ounces for the quarter ending Sept. 30, 2011.
Q3 2011 PRODUCTION TABLE
Q3 2011
Processed ore -- tonnes 393,157
Average grade processed -- g/t 1.27
Average recovery rate % 84
Gold produced (ounces) 13,473
These production statistics are unaudited and may be subject to
change.
In accordance with Sandstorm's gold purchase agreement with Luna, Sandstorm is entitled to purchase 17 per cent of the life-of-mine gold produced from the Aurizona mine at a per ounce price equal to the lesser of $400 (U.S.) and the then prevailing market price.
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