Sandstorm Gold says ‘no information’ on rationale for index deletion

Sandstorm Gold is issuing a clarifying statement in response to the ICE Data Indices, LLC’s recent rebalancing announcement for the NYSE Arca Gold Miners Index. On Friday June 9, 2023, the Index Manager announced that Sandstorm would be deleted from the Index effective for the rebalancing period ending June 20, 2023. “Sandstorm has no information on the rationale for the deletion and understands that the Index Manager does not release details on how its assessments are made. Based on the Index Manager’s published Index criteria below, it is unclear to the Company why it would not meet the inclusion requirements, but can provide no assurance if the Index Manager will reconsider their decision and retain the company to the index”.