from Kitco NEWS
Nolan Watson, co-founder and CEO of Sandstorm Gold, joins Kitco News at GSA Investor Day to discuss the company’s plans for 2016. Nolan Watson said his focus last year was to make more deals, adding that the company spent about $200 million of capital to up its royalties nd streams to about 130 projects. ‘For 2016, it’s a different story,’ he told Daniela Cambone, adding that he will be focused on paying down debts. According to Watson, debt should only be used as a temporary tool by mining companies to make strategic acquisitions. ‘Our goal is to pay that off immediately, we don’t plan on having debt as a permanent part of our capital structure.’