Peru’s small miners block highways, camp outside Congress demanding registry extension
Analyst says that there are strong competing interests between Congress and small-scale miners that could escalate.
Sandstorm Gold Royalties (TSX: SSL) shares jumped 5 % today, after the company announced the board of directors approved the purchase of up to 18.3 million of its common shares between now and the end of 2019, subject to TSX approval.
The 18.3 million shares represent approximately 10% of Sandstorm’s current shares outstanding, and the company stated its current intention is to complete the entire buyback of 18.3 million shares.
Under the Company’s current NCIB, Sandstorm has the option to purchase up to 9.2 million common shares until April 4, 2019.
As of November 14, 2018, the Company had purchased 2.5 million Common Shares, leaving 6.7 million common shares still available to purchase under the current NCIB.
