Sandstorm Gold's Sandvik Bags SEK 460M Mining Equipment Order in Australia
Portfolio Pulse from Benzinga Newsdesk
Sandvik, a subsidiary of Sandstorm Gold, has received a major order from an Australian customer for the supply of underground mining equipment. The order, valued at around SEK 460 million, was booked in Q2 2023, with delivery planned to begin in Q3 2023 and continue into Q2 2025.
July 07, 2023 | 9:32 am
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POSITIVE IMPACT
Sandstorm Gold's subsidiary Sandvik has secured a significant order for mining equipment in Australia. This could potentially boost Sandstorm's revenues in the coming years.
The news of Sandvik, a subsidiary of Sandstorm Gold, securing a major order for mining equipment is directly relevant to Sandstorm Gold's business. This could potentially increase the company's revenues in the coming years, hence the positive score. The importance is high as it directly impacts the company's future revenues. The confidence level is high as the news is clear and direct.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100