Sandstorm Gold Arrives In Mongolia

Feb 20 • Business, Mining, News • 801 Views • No Comments on Sandstorm Gold Arrives In Mongolia

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According to the company`s website, Sandstorm Metals & Energy Ltd. is pleased to announce that it has entered into a US$5 million production based metal credit purchase agreement with Entrée Gold Inc. which has entered into a funding agreement related to precious metals and copper with Entrée to purchase metal equivalent to 2.5% of Entrée’s 20% share of the copper produced from the Heruga and Hugo North Extension deposits. The deposits are on the Entrée – Oyu Tolgoi LLC joint venture property in Mongolia which forms part of the world-class Oyu Tolgoi copper mining complex.

On February 15 Sandstorm Gold announced to the market that they have just closed another deal.

In trading on Tuesday, shares of Sandstorm Gold Ltd. (Toronto: SSL) entered into oversold territory, hitting an RSI reading of 22.9, after changing hands as low as $9.78.

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