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Sandstorm buys 0.9% FDN royalty for US$33M

Sandstorm Gold (TSX:SSL) acquired a 0.9% net smelter returns royalty on precious metals produced from the Fruta del Norte gold project in Ecuador that is under construction by Lundin Gold (TSX:LUG).

Sandstorm buys 0.9% FDN royalty for US$33M Sandstorm buys 0.9% FDN royalty for US$33M Sandstorm buys 0.9% FDN royalty for US$33M Sandstorm buys 0.9% FDN royalty for US$33M Sandstorm buys 0.9% FDN royalty for US$33M

The discovers of Fruta del Norte have made serious cash out of selling on their royalty

The NSR Royalty was acquired for US$32.75 million from Keith Barron, co-founder of Aurelian Resources, the company that established FDN in 2006.