Sandstorm Gold, the Canadian gold streaming company, gained almost 7% of its share price.
This comes after the company released its 2013 results which also highlighted the company’s record sales for the year. Revenue reached $59.8million, despite the difficulties that the precious metals mining sector has received in the past year.
Sandstorm operates through purchase agreements with advanced stage development projects or operating mines. The company offers upfront payments in return for the right to purchase a percentage of the mine's product at a fixed price per ounce.
The company purchased gold at an average of $420 per ounce last year.