Denver Gold Group > Member Company Profile > Sandspring Resources Ltd


Address

8000 S. Chester Street, Ste 375
Centennial, CO 80112
United States


Value Drivers

  • 6 Million oz. Au M&I resource, 4 Million oz. Au inferred
  • $560 Million post tax/royalty NPV(5%) 18% post tax/royalty IRR at $1255/oz Gold
  • $487 Million pre-production capex
  • Expected payback period-4 years
  • 275,000 oz/year production forecasted in recent PEA starting in 2015

Management

Chairman: John R. Adams
CEO/President/MD:  Rich A. Munson
CFO: Scott Issel
Other Key Staff: P. Greg Barnes B.Sc., M.Sc. Executive VP
Wes Adams Investor Relations
Dennis Kerstiens Technical Coordinator
L. Werner Claessens B.Sc., P. Geo VP Exploration
Pascal van Osta B.Sc., P. Geo Exploration Manager

IR Contact

Wes Adams
720-854-0104

www.sandspringresources.com


Cautionary Information

© Copyright 2012, Denver Gold Group & Sandspring Resources Ltd.

Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use. Certain information contained in this profile, including any information as to strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue", "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in the worldwide price of commodities and energy inputs; fluctuations in currency markets; changes in global and national interest rates; risks arising from holding derivative instruments; the ability of the Company to complete or successfully integrate an announced acquisition proposal; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; availability and costs associated with mining inputs and the construction of capital projects; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; changes in costs and estimates associated with the Company’s projects; adverse changes in the Company's credit rating, level of indebtedness and liquidity, contests over title to properties, particularly title to undeveloped properties; the risks involved in the exploration, development and mining business, including, without limitation, environmental hazards. Certain of these factors are discussed in greater detail in the Company's most recent regulatory filings with various national securities and other authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

 

Sandspring Resources Ltd

Toronto Venture Exchange : SSP

Last Updated: March 28, 2012


Status: Explorer
Primary Mineral: Gold
Secondary Mineral: Copper
Primary Country of Operation: Guyana

Sandspring Resources Ltd. is engaged in the exploration and development of mineral properties in the Republic of Guyana, South America. The Company is currently advancing the multi-million ounce Toroparu Gold-Copper Deposit toward potential large-scale gold and copper production in 2015. The Toroparu Gold-Copper Deposit was discovered in 2007 on Sandspring’s 100% controlled Upper Puruni Property, a highly prospective area of contiguous mining claims located in the Upper Puruni River area of western Guyana. Sandspring continues to explore its properties for additional multi-million ounce gold deposits. Sandspring is led by a highly successful board of directors, experienced management team with more than a decade of mining experience in Guyana, and a world-class exploration team based in its capital city of Georgetown.


Other Markets Traded On

SSPXF:US OTC


Top Shareholders

  • Crescent Global Gold Ltd. (Insiders)
  • Mercedario Ltd. (Local Partner)
  • RBC Global Assets Managements Inc
  • AGF Investments Inc.
  • Alphonso (Local Partner)

Capital Structure

Common Shares Outstanding: 108,749,772
Float (%): 62
Warrants Outstanding: 5,486,517
Options Outstanding: 7,011,434
Fully Diluted Shares: 121,247,723

Stock as of April 24, 2012

  Local: CAD USD
Stock Price: 0.70 0.71
52-Week Range: 0.6500 - 3.0000 0.66 - 3.03
Market Cap: 76 MM 77 MM
Fully Diluted Market Cap: 85 MM 86 MM
1-Year Return: -74.45%