sandstorm gold ltd. ( formerly sandstorm resources ) provides financing for precious metal mining companies in the form of a ' gold streaming ' transaction whereby an upfront cash payment is exchanged for a percentage of gold production from the mine .

the finance model has also been called a volumetric production payment transaction and originated in the oil and gas sector .

in april 2017 sandstorm announced it had reached an agreement to acquire mariana resources in a share and cash acquisition valuing mariana at us$ 4.04 per share .

the business combination would create a mid-tier streaming company with 155 streams and royalties .

in q1 2017 sandstorm reported record gold equivalent sales of 15,558 ounces , generating revenue of $ 18.8 million and a net income of $ 7.0 million .

sandstorm gold

“sector volatility and due diligence equal rapid growth at sandstorm gold . ” — erfan kazemi , cfo sandstorm gold
note : compare sandstorm gold stock price history with the index and industry peers .
sandstorm gold ( sand ) looks good : stock adds 5 . 8 % in session
sandstorm gold ltd is a growth focused resource based company that seeks to complete gold purchase agreements with gold mining companies that have advanced stage development projects or operating mines .
sandstorm gold ltd . is a gold streaming and royalty company . sandstorm provides upfront financing to gold mining companies that are looking for capital and in return , receives the right to a percentage of the gold produced from a mine . sandstorm has acquired a portfolio of 155 streams and royalties , of which 20 of the underlying mines are producing . sandstorm plans to grow through accretive acquisitions of additional gold streams and royalties .
sandstorm provides upfront financing for gold mining companies that are looking for capital and in return , receives a gold streaming agreement . this agreement gives sandstorm the right to purchase a percentage of the life of mine gold produced , at a fixed price .
vancouver , june 26 , 2018 / prnewswire / - sandstorm gold ltd . ( dba sandstorm gold royalties ,
sandstorm
or the
company
) ( nyse american : sand , tsx : ssl ) is pleased to provide a summary . . .
sandstorm gold finances gold mining projects through an arrangement called gold streaming . a gold stream involves sandstorm making an upfront payment to a mining partner that is in need of capital to build their mine , refinance their obligations , complete an acquisition or for various other reasons . in exchange for that upfront payment , sandstorm receives a contract which stipulates the . . .
sandstorm gold ltd provides financing to companies engaged in gold mining through gold stream and royalty . the company has various mines that are generating revenues located in canada , mexico , brazil and united states .
sandstorm’s second - quarter cash cost per ounce of gold was super low , at $ 261 per ounce .
sandstorm gold ltd . is a gold streaming and royalty company . sandstorm provides upfront financing to gold mining companies that are looking for capital and in return , receives the right to a percentage of the gold produced from a mine , for the life of the mine . sandstorm has acquired a portfolio of 155 streams and royalties , of which 21 of the underlying mines are producing . sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties .
sandstorm gold ltd . is a gold streaming and royalty company . sandstorm provides upfront financing to gold mining companies that are looking for capital and in return , receives the right to a percentage of the gold produced from a mine , for the life of the mine . sandstorm has acquired a portfolio of 155 streams and royalties , of which 20 of the underlying mines are producing . sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties .
disclosure 16 : a bmo nesbitt burns inc . research analyst has extensively viewed the material operations of sandstorm gold .
sandstorm gold is a resource based company that seeks to acquire gold streams (
gold streams
) from companies that have advanced stage development projects or operating mines . in return for making upfront payments to acquire a gold stream , co . receives the right to purchase , at a fixed price per ounce , a percentage of a mine ' s gold production for the life of the mine . co . is focused on acquiring gold streams from mines with low production costs , signicant exploration potential and strong management teams . according to our sandstorm gold stock split history records , sandstorm gold has had 1 split .
disclosure 1 : bmo capital markets has undertaken an underwriting liability with respect to sandstorm gold within the past 12 months .
disclosure 2 : bmo capital markets has provided investment banking services with respect to sandstorm gold within the past 12 months .
sandstorm gold ( nysemkt : sand ) is a gold streaming company that has been developing in leaps and bounds since listing on the new york stock exchange in august 2012 .
sandstorm ' s revenue was generated by 21 producing assets during the period . of the gold equivalent ounces delivered to sandstorm , approximately 43 % of the ounces were attributable to mines located in
sandstorm gold can be described as a non - operating gold - mining company , or it can be viewed as a venture capital provider for aspiring or producing precious metal miners .
sandstorm gold stock split history | www . stock split history . com | copyright © 2013 - 2018 , all rights reserved
i like that sandstorm’s second - quarter cash cost per ounce of gold was super low , at $ 261 per ounce .
the first quarter results for sandstorm gold are in and the focus for analysts is on the agreement to acquire mariana resources .
cibc world markets inc . has received compensation for investment banking services from sandstorm gold ltd . in the past 12 months .
sandstorm gold finances gold mining projects through an arrangement called gold streaming . a gold stream involves sandstorm making an upfront payment to a mining partner that is in need of capital to build their mine , refinance their obligations , complete an acquisition or for various other reasons . in exchange for that upfront payment , sandstorm receives a contract which stipulates the purchase of a certain percentage of the gold produced from the mine , for the life of the mine , at a fixed per unit cost .
morien resources corp . , sandstorm gold ltd . , alaris royalty corp . , colossus minerals , inc . , enwave corp .
disclosure 4 : bmo capital markets or an affiliate has received compensation for investment banking services from sandstorm gold within the past 12 months .
sandstorm gold ltd . is a client for which a cibc world markets company has performed investment banking services in the past 12 months .
this morning , urltoken draws investors ' attention to gold , which is the most popular precious metal for investors . gold is a commodity , and , as such , the price for gold fluctuates on a daily basis in the commodity markets . lined up for evaluation today are these four equities : royal gold inc . ( nasdaq : rgld ) , sandstorm gold ltd ( nyse amer : sand ) , sibanye gold ltd ( nyse : sbgl ) , and yamana gold inc . ( nyse : auy ) .
vancouver , july 3 , 2018 / cnw / - sandstorm gold ltd . ( dba sandstorm gold royalties ,
sandstorm
or the
company
) ( nyse american : sand , tsx : ssl ) is pleased to report that the company has sold approximately 14 , 450 attributable gold equivalent ounces1 during the second quarter of 2018 . approximately 85 % of the ounces came from operations run by major and mid - tier mining companies . sandstorm is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return , receives the right to a percentage of the gold produced from a mine , for the life of the mine .
vancouver , july 3 , 2018 / prnewswire / - sandstorm gold ltd . ( dba sandstorm gold royalties ,
sandstorm
or the
company
) ( nyse american : sand , tsx : ssl ) is pleased to report that the company has sold approximately 14 , 450 attributable gold equivalent ounces1 during the second quarter of 2018 . approximately 85 % of the ounces came from operations run by major and mid - tier mining companies . sandstorm is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return , receives the right to a percentage of the gold produced from a mine , for the life of the mine .
the 10 year data of sandstorm gold stock price history can be viewed and downloaded here . our historical data has the open , high , low , close , and volume numbers along with sandstorm gold p / e ratio , and ps ratio . the sandstorm gold stock price history chart shows that the stock price was at a low of $ 2 . 02 on jan 20 , 2016 over the last five years .
cibc world markets inc . has managed or co - managed a public offering of securities for sandstorm gold ltd . in the past 12 months .
sandstorm ' s investor centre provides you with all of the most recent updates on sandstorm ' s current assets and recent acquisitions . you can also see the latest presentations from our management team , including sandstorm ' s ceo , nolan watson .
“there are significant opportunities out there for streaming royalty companies . it’s exciting to be in the mining industry now . ” –erfan kazemi , cfo sandstorm gold
disclosure 3 : bmo capital markets has managed or co - managed a public offering of securities with respect to sandstorm gold within the past 12 months .
cibc world markets inc . expects to receive or intends to seek compensation for investment banking services from sandstorm gold ltd . in the next 3 months .
the mining industry has proven itself to be a bearer of outsized returns but it does not come without risk . with our royalty financing model , sandstorm mitigates many of these common risks to investors . in fact , when compared with investments in gold producers and in physical gold , sandstorm has outperformed on a total return basis over the past 3 years . this is largely due to the fact that the nature of our business allows sandstorm to continue to grow our asset base when commodity markets are out of favour , and then become a cash flow machine when the price of gold is trending up . click below to learn more about why sandstorm gold royalties is the smart gold investment .
disclosure 5 : bmo capital markets or an affiliate received compensation for products or services other than investment banking services within the past 12 months from sandstorm gold .
disclosure 8a : bmo capital markets or an affiliate has a financial interest in 1 % or more of any class of the equity securities of sandstorm gold .
disclosure 8c : bmo capital markets or an affiliate has a financial interest in 0 . 5 % or more in the issued share capital of sandstorm gold .
over 30 contracts to acquire new streams and royalties for fixed terms at sandstorm’s discretion .
sandstorm gold is a resource based company that seeks to acquire gold streams (
gold streams
) from companies that have advanced stage development projects or operating mines . in return for making upfront payments to acquire a gold stream , co . receives the right to purchase , at a fixed price per ounce , a percentage of a mine ' s gold production for the life of the mine . co . is focused on acquiring gold streams from mines with low production costs , signicant exploration potential and strong management teams .
the combination is subject to uk takeover regulation and , as sandstorm shares are being offered as consideration , there are certain public disclosure requirements imposed on sandstorm shareholders who have positions or deal in sandstorm shares and / or mariana shares which are described in detail below .
sandstorm gold has displayed a very aggressive approach to the business in recent months acquiring a controlling interest in a potential future competitor and also closing their biggest deal to date . their focus is almost exclusively on gold streams from development companies .
sandstorm gold share price history helps an investor analyze a firm ' s historical performance when viewed along with it ' s financial statements . this helps in sandstorm gold stock analysis . sandstorm gold stock price history captures the daily price movement for 1 year , 5 year , and 10 years . an abnormally high daily 1 , 025 , 728 typically implies breaking news or earnings release . sand stock saw a high of $ 4 . 67 , and a low of $ 4 . 56 on last trading day . looking at sandstorm gold stock history data , the p / s ratio was at a low of 4 . 32 on jan 20 , 2016 .
under the terms of the arrangement agreement , shareholders of gold mountain will receive 1 . 032 pre - consolidated common shares of lowell copper for each common share of gold mountain held ( the
gold mountain exchange ratio
) . holders of each outstanding gold mountain convertible security will be entitled to acquire that number of common shares of lowell copper based on the gold mountain exchange ratio .
, representing a 20 % premium to the original upfront payment . sandstorm retains a right of first refusal on any future stream or royalty financings related to the bomboré gold project .
marcel de groot : mr . de groot is the co - founder and president of pathway capital ltd . and is also a director of asanko gold . pathway capital ltd . has been involved with numerous successful mining ventures including sandstorm gold and peru copper .
probe metals continues to intersect significant gold mineralization in expansion drilling at val - d’or east , including 4 . 1 g / t gold over 15 . 4 metres
chip samples revealed gold at grades up to 39 . 2 grams per ton .
as mariana is listed in london the combination is subject to uk takeover regulation and , as sandstorm shares are being offered as consideration , there are certain public disclosure requirements imposed on sandstorm shareholders who have positions or deal in sandstorm shares and / or mariana shares which are described in detail below .
sandstorm owns shares in various junior gold miners , including a 7 . 5 % stake in mariana resources , in which it also acquired a royalty on mariana’s hot maden project in the teck royalty portfolio acquisition . it also owns shares and debt in luna gold .
inferred ( southern zone ) : 1 . 3 mt grading 7 . 2 g / t gold and 0 . 7 % copper for contained metal of 0 . 31 moz of gold and 10 kt of copper ( 0 . 35 moz gold equivalent )
wherein sandstorm holds a 3 % to 5 % sliding scale nsr royalty . concurrent with the closing of the transaction , the term debt facility that was owed by luna to sandstorm , in the amount of
unlike silver wheaton , which is solely involved in silver , the sandstorm firms are diversified commodity streamers that complete purchase agreements with miners and energy producers with advanced - stage development projects . as part of these agreements , sandstorm makes an upfront cash payment to its partners and , in exchange , receives the right to purchase a percentage of the asset produced for the life of the mine at a fixed price . sandstorm gold is one of only three companies in the world to stream gold , alongside franco - nevada and royal gold . it has seven streaming agreements with gold mines located in canada , the u . s . , mexico and brazil .
inferred ( main zone ) : 0 . 7 mt grading 2 . 7 g / t gold and 0 . 9 % copper for contained metal of 0 . 06 moz of gold and 7 kt of copper ( 0 . 09 moz of gold equivalent )
sandstorm gold ltd provides financing to companies engaged in gold mining through gold stream and royalty . the company provides capital to firms that are involved in gold mining and in return , reserves the right to a percentage of the gold produced from a mine or a portion of the revenues generated from the mine . it has acquired over 100 streams and royalties , out of which nearly 18 mines are generating revenues . most of the projects in which the company has interests are located across canada and united states . some of the operational projects are also present in brazil , mexico , peru , chile , sweden , turkey and australia . sandstorm generates the majority of its revenues through the royalty it receives from the sale of gold in canada .
sandstorm has a 1 . 5 % nsr on gold and silver and a 1 % nsr on all other metals produced from los cuarantas . for more information visit the millrock website at urltoken .
sandstorm ' s attributable gold equivalent production and revenue showed significant growth when compared to the first quarter of 2016 . specifically , gold equivalent production was 37 % higher ( a record for the company ) and revenue was 41 % higher . the increase is largely due to additional gold equivalent ounces coming from the diavik royalty , yamana silver stream , chapada copper stream and the karma gold stream . the increases were partially offset by a decrease in ounces from the
attributable gold equivalent ounces from south america and the rest of the world was consistent with the ounces sold during q2 2015 , and made up approximately 26 % of sandstorm’s total gold equivalent production during the quarter . the addition of copper and silver from the streams on yamana gold inc . ’s chapada and minera florida mines ( “yamana streams” ) during the quarter more than offset the loss of gold ounces due to the temporary closure of the aurizona mine in brazil .
per sandstorm share on the nyse mkt and a currency exchange rate of £0 . 7788 per usd , on
based on the company ' s existing gold streams and royalties , attributable gold equivalent production for 2017 is forecast to be between 45 , 000 and 55 , 000 ounces . the company is forecasting attributable gold equivalent production of over 65 , 000 ounces per annum by 2020 .
enjoy my annual breakdown of the most exciting investment vehicles for gold in the year ahead .
vancouver , british columbia | sandstorm gold ltd . ( “sandstorm” ) ( nyse mkt : sand , tsx : ssl ) and mariana resources ltd . ( “mariana” ) ( tsx . v : marl , aim : marl ) are pleased to announce that the board of directors of sandstorm and the independent directors of mariana have reached an agreement on the terms of a recommended share and cash acquisition by which the entire issued ordinary share capital of mariana ( that sandstorm does not already own ) will be acquired by sandstorm by means of a court - sanctioned scheme of arrangement under part viii of the companies ( guernsey ) law ( the “combination” ) .
we believe that , by combining mariana and sandstorm and converting the hot maden jv interest into a gold stream , we can unlock the inherent value of hot maden and deliver the optimal outcome for shareholders without incurring further equity dilution to finance the interest in hot maden . we believe that hot maden is a unique asset with a robust cash flow profile and will be an anchor gold stream asset that has the potential to more than double sandstorm ' s attributable gold equivalent production once in full operation .
18 projects not in cash flow forecast representing over 1 . 2 million aueq ounces of resources attributable to sandstorm .
sandstorm is a gold royalty company with a portfolio of over 185 royalties . since 2008 , we’ve been a leader in reshaping the mine investment landscape with our innovative royalty model . but that’s just the beginning .
want to read more about gold ? sign up to receive the free streetwise reports ' newsletter .
streams and royalties on canadian mines contributed 34 % more gold equivalent ounces to sandstorm when compared to the first quarter of 2016 . the change is primarily attributable to an increase in production from the diavik mine in the
watson continued ,
we believe that the mariana transaction announced after quarter - end will transform sandstorm into a leading mid - tier streaming and royalty company . hot maden has the potential to be an anchor asset in the portfolio and is anticipated to more than double sandstorm ' s attributable gold equivalent ounces once the mine reaches production .
indicated ( main zone ) : 7 . 1 million tonnes ( “mt” ) grading 12 . 2 g / t gold and 2 . 3 % copper for contained metal of 2 . 79 moz of gold and 166 thousand tonnes ( “kt” ) of copper ( 3 . 43 moz of gold equivalent )
and is situated on claims immediately adjacent to the northeast of the mercedes mine , a gold mine owned and operated by premier gold mines ltd . prior work by millrock has indicated gold - bearing epithermal quartz veining and the main focus of current exploration is an area showing alteration typical of an epithermal gold - silver mineralized system . under the option agreement , centerra can earn a 70 % interest by completing
the gold streaming company announced it will combine with mariana resources to create a leading midtier streaming company .
the gold streaming company announced it will combine with mariana resources to create a leading m . . .
superior market liquidity for mariana shareholders . over the last 15 months , the daily dollar trading volume of sandstorm has averaged approximately
in cash and 0 . 2573 of a sandstorm share for each one mariana share held . the combination values mariana at approximately
in 2008 , nolan watson and david awram founded sandstorm with a vision to reshape the mine finance landscape through royalty financing .
my goal today is to look for strategic and / or competitive advantages that set sandstorm apart from the other streaming companies .
chiu noted that
the mariana transaction continues to be a focus , with the preproduction hot maden project accounting for ~ 33 % of our nav for the company . we reiterate our initial view of the transaction : success depends on sandstorm gold ' s ability to convert its equity participation in the jv to a gold stream .
, sandstorm announced that it had entered into an agreement to acquire all the issued and ordinary share capital of mariana resources ltd . (
mariana
) that sandstorm does not already own . under the terms of the arrangement , mariana shareholders will receive
, luna gold corp . (
luna
) completed its previously announced merger with jdl gold corp creating trek mining inc . (
trek
) , a new multi - asset mining company with over
vancouver , june 15 , 2018 / prnewswire / - the annual general and special meeting of shareholders of sandstorm gold ltd . ( the
meeting
) was held today , june 15 in vancouver , british columbia at . . .
with that in mind it is likely that we will continue to see these companies choose streaming over royalty agreements , and i also suspect that new companies will follow the leads of input capital and sandstorm gold and choose the streaming route .
research reports have been issued by urltoken on sandstorm gold ltd ( nyse amer : sand ) , sibanye gold ltd ( nyse : sbgl ) , ssr mining inc . ( nasdaq : ssrm ) , and yamana gold inc . ( nyse : auy ) . according to an article on kitco , in a report on july 03rd , 2018 , georgette boele , coordinator of foreign exchange and precious metals strategy at abn amro , said that gold prices could continue to fall , and the market is weighed down in part by surging momentum in the us dollar .
per ounce gold - equivalent , which if achieved would lead to significant cash flow generation from the project .
indicated ( main zone ) : 7 . 1 million tonnes (
mt
) grading 12 . 2 g / t gold and 2 . 3 % copper for contained metal of 2 . 79 moz of gold and 166 thousand tonnes (
kt
) of copper ( 3 . 43 moz of gold equivalent )
sandstorm’s financial advisor is kpmg llp . norton rose fulbright llp ( england ) , carey olsen ( guernsey ) , cassels brock & blackwell llp ( canada ) , and neal , gerber & eisenberg llp ( united states ) are acting as legal counsel to sandstorm .
the combination will create a leading midtier stream and royalty company with a diversified portfolio of 155 streams and royalties . in addition to that , the entity would hold a 30 % interest in the hot maden gold - copper project in turkey , though sandstorm plans to convert that equity stake into a gold stream at a later date . finally , the company would initially hold several exploration properties around the globe that sandstorm plans to spin - off into a separate entity in the future .
disclosure 6a : sandstorm gold is a client ( or was a client ) of bmo nesbitt burns inc . , bmo capital markets corp . , bmo capital markets limited or an affiliate within the past 12 months : a ) investment banking services
, and côte d ' ivoire . mariana ' s most advanced asset is the hot maden gold‐copper project in northeast
(
cerro moro
) . cerro moro is a high - grade gold and silver deposit currently in construction and development by yamana gold inc . (
yamana
) . yamana is forecasting commissioning in early 2018 .
there are plenty of reasons to be optimistic about the gold mining industry for both the short and long term .
a number of gold and silver miners logged double - digit percentage spikes on monday . here ' s why .
disclosure 6c : sandstorm gold is a client ( or was a client ) of bmo nesbitt burns inc . , bmo capital markets corp . , bmo capital markets limited or an affiliate within the past 12 months : c ) non - securities related services .
upon completion of the transaction , gold mountain and anthem will become wholly - owned subsidiaries of lowell , and gold mountain ' s shares and anthem ' s shares will be de - listed from the tsx venture exchange . it is expected that lowell copper will apply to cause gold mountain and anthem to cease being reporting issuers under applicable canadian securities laws .
mr . greg smith , president and ceo of anthem , commented :
we are extremely pleased to team with lowell copper and gold mountain in the creation of a new gold - copper company . we will have the portfolio , scale and leadership team to execute on our long - term strategy to build a significant and profitable producing gold - copper company .
we believe that , by combining mariana and sandstorm and converting the hot maden jv interest into a gold stream , we can unlock the inherent value of hot maden and deliver the optimal outcome for shareholders without incurring further equity dilution to finance the interest in hot maden . we believe that hot maden is a unique asset with a robust cash flow profile and will be an anchor gold stream asset that has the potential to more than double sandstorm’s attributable gold equivalent production once in full operation . we are confident in lidya as the operating partner at hot maden and we look forward to watching the project advance towards production and the mineralization expand through continued exploration .
in a may 8 announcement , sandstorm gold ltd . ( ssl : tsx ; sand : nyse . mkt ) released its first quarter results with
record attributable gold equivalent ounces sold of 15 , 558 ,
which is up from 11 , 381 ounces sold in q1 / 16 . sandstorm also acquired 22 royalties for $ 1 . 9 million during the first quarter , which , according to the company ,
adds exploration potential in stable jurisdictions while increasing the optionality with the company ' s stream and royalty portfolio .
sandstorm also highlighted the april 26 agreement to acquire all the
issued and ordinary share capital of mariana resources ltd . ( marl : lse ) .
we believe that , by combining mariana and sandstorm and converting the hot maden jv interest into a gold stream , we can unlock the inherent value of hot maden and deliver the optimal outcome for shareholders without incurring further equity dilution to finance the interest in hot maden . we believe that hot maden is a unique asset with a robust cash flow profile and will be an anchor gold stream asset that has the potential to more than double sandstorm ' s attributable gold equivalent production once in full operation . we are confident in lidya as the operating partner at hot maden and we look forward to watching the project advance towards production and the mineralization expand through continued exploration .
sandstorm gold ltd . engages in the acquisition of gold and other metals purchase agreements and royalties . it operates through the following segments : bachelor lake , black fox , bracemac - mcleod , chapada , diavik , hounde , karma , ming , santa elena , and yamana silver stream . the company was founded by nolan watson and david i . awram on march 23 , 2007 and is headquartered in vancouver , canada .
nolan watson isn’t getting much rest these days . when he’s not flying across north america and europe to meet investors and prospective business partners , chances are he’s hunkered down in his vancouver office for up to 18 hours a day trying to get “things out the door . ” it’s a grind for sure , but watson , the 32 - year - old ceo of sandstorm gold ltd . and sandstorm metals & energy ltd . , isn’t complaining .
chiu stated that
q1 / 17 attributable production has provided sandstorm gold with a good start towards meeting its 2017 attributable production guidance of 45 , 000 - 55 , 000 geo
and that
management indicated it expects to be debt - free after close of the mariana transaction .
sandstorm has included certain performance measures in this press release that do not have any standardized meaning prescribed by international financial reporting standards ( ifrs ) including average cash cost per ounce of gold and cash operating margin . average cash cost per ounce of gold is calculated by dividing the total cost of sales , less depletion , by the ounces sold . in the precious metals mining industry , this is a common performance measure but does not have any standardized meaning . the company believes that , in addition to conventional measures prepared in accordance with ifrs , certain investors use this information to evaluate the company ' s performance and ability to generate cash flow . cash operating margin is calculated by subtracting the average cash cost per ounce of gold from the average realized selling price per ounce of gold . the company presents cash operating margin as it believes that certain investors use this information to evaluate the company ' s performance in comparison to other companies in the precious metals mining industry who present results on a similar basis . the company ' s royalty income is converted to an attributable gold equivalent ounce basis by dividing the royalty income for that period by the average realized gold price per ounce from the company ' s gold streams for the same respective period . these attributable gold equivalent ounces when combined with the gold ounces sold from the company ' s gold streams equal total attributable gold equivalent ounces sold . the presentation of these non - ifrs measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with ifrs . other companies may calculate these non - ifrs measures differently .
a royalty is when a mining company agrees to pay a certain part of its revenue , or a certain part of a subset of its revenue to the royalty ' s owner . so if a mine produces 100 , 000 ounces of gold and 10 million pounds of copper a 2 % nsr royalty on the gold means that the royalty ' s owner receives the proceeds from the sale of 2 , 000 ounces of gold ( about $ 2 . 5 million ) minus smelting costs . the royalty company never actually sees the gold .
the proceeds from the concurrent financing will be used first to increase gold production from the koricancha mill in peru , then toward advancing the elk gold project in bc and the warintza project in ecuador , to take advantage of potential acquisition opportunities and for general corporate purposes .
when a company such as sandstorm gold conducts a reverse share split , it is usually because shares have fallen to a lower per - share pricepoint than the company would like . this can be important because , for example , certain types of mutual funds might have a limit governing which stocks they may buy , based upon per - share price . the $ 5 and $ 10 pricepoints tend to be important in this regard . stock exchanges also tend to look at per - share price , setting a lower limit for listing eligibility . so when a company does a reverse split , it is looking mathematically at the market capitalization before and after the reverse split takes place , and concluding that if the market capitilization remains stable , the reduced share count should result in a higher price per share . looking at the sandstorm gold stock split history from start to finish , an original position size of 1000 shares would have turned into 200 today . below , we examine the compound annual growth rate — cagr for short — of an investment into sandstorm gold shares , starting with a $ 10 , 000 purchase of sand , presented on a split - history - adjusted basis factoring in the complete sandstorm gold stock split history .
analyst andrew mikitchook with bmo capital markets reported his findings from a recent site visit to the yukon ' s likely next operating gold mine .
jack chan ' s updated charts for the precious metals markets include a look at how the canadian dollar relates to gold and silver prices .
sandstorm is taking a significant risk by acquiring the rest of mariana to facilitate the development of hot maden . while it believes this bet will pay off in the long run , there ' s ample uncertainty in the short term , which is something the market doesn ' t like . that said , for investors who are looking for a long - term gold stock with lots of upside , sandstorm is worth a closer look , especially after today ' s sell - off .
sandstorm is a company built on experience . our award - winning executive team has completed more than $ 3 billion in royalty transactions . all together our in - house technical team has worked on projects in over 100 countries , and the average person has over 40 years of industry experience . and on top of all that , we have the largest corporate development team of any gold royalty company in the industry . so investors of sandstorm can rest assured that they’re in good company .
a stream is when the mining company actually sells physical metal to the holder of the streaming agreement . so a 2 % stream on the gold in the same deal means that the mining company is actually making delivery of 2 , 000 ounces of gold for an agreed upon price .
a 30 % incorporated joint venture interest ( “jv” ) in the high - grade , gold - copper , development - stage hot maden project in northeast turkey ( “hot maden” ) . sandstorm intends to move from the current position of equity participation in the jv to converting the combined group’s interest into a gold stream , providing the potential to more than double attributable gold equivalent production once in full operation . at present the combined group has not begun soliciting interest in a conversion transaction and intends to conduct such solicitation in the future after hot maden has undergone several de - risking and value creating milestones .
(
mariana
) ( tsx . v : marl , aim : marl ) are pleased to announce that the board of directors of sandstorm and the independent directors of mariana have reached an agreement on the terms of a recommended share and cash acquisition by which the entire issued ordinary share capital of mariana ( that sandstorm does not already own ) will be acquired by sandstorm by means of a court - sanctioned scheme of arrangement under part viii of the companies ( guernsey ) law ( the
combination
) .
which included an investment by kirkland lake gold ltd . metanor continues to release positive drill results from its exploration activities at the bachelor lake mine .
(
hot maden
) . sandstorm intends to move from the current position of equity participation in the jv to converting the combined group ' s interest into a gold stream , providing the potential to more than double attributable gold equivalent production once in full operation . at present the combined group has not begun soliciting interest in a conversion transaction and intends to conduct such solicitation in the future after hot maden has undergone several de - risking and value creating milestones .
kaip points out that sandstorm
has embarked upon an ambitious plan to build a core gold stream on the hot maden project through the acquisition of mariana resources . we see the transaction as accretive , but recognize it will take time for investors to understand the opportunity given the uncertain time frame to realize the opportunity .
this does not include any potential new streams or royalties between now and 2020 , and it’s highly likely sandstorm does at least another 1 - 2 deals in this year alone . just don’t be too surprised if sandstorm does another equity financing this year instead of tapping into its credit facility , as the company does not have much cash on hand currently .
gold accounted for 88 % of revenue in q2 ( i don’t want heavy diversification into energy and oil like some of the other streaming companies ) .
the transaction creates a financially strong , emerging gold - copper production and development company . upon completion of the transaction , the combined company will have :
superior market liquidity for mariana shareholders . over the last 15 months , the daily dollar trading volume of sandstorm has averaged approximately us $ 10 million between the nyse mkt and tsx .
forward - looking statements are made based upon certain assumptions and other important factors that , if untrue , could cause the actual results , performances or achievements of sandstorm to be materially different from future results , performances or achievements expressed or implied by such statements . such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which sandstorm will operate in the future , including the price of gold and anticipated costs . certain important factors that could cause actual results , performances or achievements to differ materially from those in the forward - looking statements include , amongst others , the ability to successfully integrate operations and realize the anticipated benefits , gold price volatility , discrepancies between actual and estimated production , mineral reserves and resources and metallurgical recoveries , mining operational and development risks relating to the parties which produce the gold sandstorm will purchase , regulatory restrictions , activities by governmental authorities ( including changes in taxation ) , currency fluctuations , the global economic climate , dilution , share price volatility and competition .
the independent directors recommend that mariana shareholders approve this combination . the combination with a company such as sandstorm not only de - risks mariana ' s exposure as a single development / production asset company but provides a stronger diverse platform and ability to finance the development of the 30 % owned high grade gold - copper discovery at hot maden in
sandstorm has a 1 % nsr royalty on the angilak property and a right of first refusal on any future streams or royalties . for more information , visit the kivalliq website at urltoken .
certain shareholders of gold mountain and anthem have entered into lock - up agreements with lowell copper pursuant to which each has agreed to vote in favour of the transaction , which together represent approximately 49 % of the issued and outstanding common shares of gold mountain and 44 % of the issued an outstanding common shares of anthem .
the combination is expected to create a leading mid - tier stream and royalty company ( the “combined group” ) , delivering significant benefits to shareholders of mariana and sandstorm . the combined group will have :
i like that gold accounted for 88 % of revenue in q2 ( i don’t want heavy diversification into energy and oil like some of the other streaming companies ) .
in cash and 0 . 2573 of a sandstorm common share for each one mariana share held . mariana holds a joint venture interest in the hot maden project , which sandstorm intends on converting into a gold stream . the hot maden project is a unique asset with a robust cash flow profile that has the potential to more than double sandstorm ' s attributable gold equivalent production once in full operation . upon completion , the arrangement is expected to create a leading mid - tier streaming and royalty company . it is presently anticipated that mariana will send its scheme document to mariana shareholders around mid - may . the transaction will then go to a vote by mariana shareholders , requiring a majority in number , representing 75 % in value of scheme shareholders present and voting , to approve the scheme . that vote is expected to occur around mid - june and with a successful vote , the transaction would then go back to the u . k . court for final approval in late june . sandstorm ' s cash and shares would then be issued to shareholders of mariana . for more information , refer to the uk rule 2 . 7 announcement at
gold equivalent ounces attributable to canadian mines made up 40 % of the company’s total ounces in q2 2016 and was 18 % lower when compared to the second quarter of 2015 . the decline was due to timing of shipments that affected gold ounces sold from the ming mine in newfoundland , the bachelor lake mine in quebec and the black fox mine in ontario ( “black fox” ) . specifically , 1 , 400 gold ounces were received as at june 30 , 2016 but were sold subsequent to quarter end .
in a may 9 report cibc analyst cosmos chiu rated sandstorm as an
outperformer ,
with a target price of $ 6 . 00 . the shares are currently trading around $ 4 . 85 .
the combination is expected to create a leading mid - tier stream and royalty company ( the
combined group
) , delivering significant benefits to shareholders of mariana and sandstorm . the combined group will have :
sandstorm holds 8 , 980 , 243 mariana shares , representing approximately 7 . 0 % of the issued ordinary share capital of mariana , and mariana warrants over a further 4 , 490 , 122 mariana shares .
under the terms of the combination , mariana shareholders will receive 28 . 75 pence in cash and 0 . 2573 of a sandstorm share for each one mariana share held . the combination values mariana at approximately 110 pence per mariana share based on the closing price of us $ 4 . 04 per sandstorm share on the nyse mkt and a currency exchange rate of £0 . 7788 per usd , on april 25 , 2017 .
now at first glance the appeal would be leverage . as an example a gold stream will give the holder the right to buy 2 % of a mine ' s gold production at , say , $ 500 / oz . , which means that if the gold price rises from $ 1 , 230 / oz . to $ 1 , 300 / oz the stream ' s cash - flow increases at a greater rate than the actual gold price . this isn ' t true for a royalty . and furthermore , what ' s stopping a company from creating a royalty that generates such leverage ? for instance , if franco nevada wanted leverage and wanted a royalty it could create , say , a 2 % nsr royalty on the gold produced at the mine minus $ 500 / oz . , and from a quantitative standpoint this would be identical to the streaming example just given .
gold streaming companies are a great way to invest in the precious metal . here are some of the key benefits you need to know about and the top stocks to consider .
mr . chris mcleod , president and ceo of gold mountain , said :
we are pleased to include our elk gold project as part of the foundation for the new company . the proposed leadership have a track record of building high valued mining companies and we look forward to participating in what we expect to be substantial value creation going forward .
, a qualified person under ni 43 - 101 , has reviewed the hot maden pea on behalf of sandstorm . to the best of sandstorm ' s knowledge , information and belief , there is no new material scientific or technical information that would make disclosure of the mineral resource or hot maden pea inaccurate or misleading . the technical and scientific information contained in this press release has also been reviewed and approved by mr . roth .
golden queen mining is producing gold and silver at the soledad mountain project near mojave , california . the deposit contains an n . i . 43 - 101 compliant mineral resource totaling 1 . 54 million ounces of gold and 25 . 6 million ounces of silver . the project is utilizing conventional open pit methods with cyanide heap leach and merrill - crowe processes . production is projected to average approximately 74 , 000 ounces of gold and 781 , 000 ounces of silver annually over an estimated 11 - year mine life . . . view profile
an interest in the remaining exploration properties of mariana with a focus on gold , silver and associated metals in côte d’ivoire , turkey , and argentina ( the “exploration properties” ) . following completion of the combination , sandstorm intends to spin - out the exploration properties into a separate company ( the “spinco” ) , with the combined group retaining royalty interests over the exploration properties and equity in the spinco .
forward - looking statements are subject to known and unknown risks , uncertainties and other important factors that may cause the actual results , level of activity , performance or achievements of sandstorm to be materially different from those expressed or implied by such forward - looking statements , including but not limited to : delays or failure to complete the transactions described herein , failure to obtain shareholder or regulatory approvals , the impact of general business and economic conditions , the absence of control over mining operations from which sandstorm will purchase gold and risks related to those mining operations , including risks related to international operations , government and environmental regulation , actual results of current exploration activities , conclusions of economic evaluations and changes in project parameters as plans continue to be refined , risks in the marketability of minerals , fluctuations in the price of gold , fluctuation in foreign exchange rates and interest rates , stock market volatility , as well as those factors discussed in the section entitled “risks to sandstorm” in sandstorm’s annual report for the financial year ended december 31 , 2016 available at www . sedar . com . although sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward - looking statements , there may be other factors that cause results not to be as anticipated , estimated or intended . there can be no assurance that such statements will prove to be accurate , as actual results and future events could differ materially from those anticipated in such statements . accordingly , readers should not place undue reliance on forward - looking statements . sandstorm does not undertake to update any forward looking statements that are contained or incorporated by reference , except in accordance with applicable securities laws .
gold mountain is a public resource company managed by an experienced team of professionals with a solid track record of exploration , development and operational success . the company owns 100 % of the 16 , 700 hectare elk gold property , which it intends to develop into a precious metal producer , and is also seeking additional near term production assets to further build shareholder value .
the issuance of the sandstorm shares , including those issuable on exercise of any mariana warrants and the mariana options on a post - closing basis , is subject to approval by the toronto stock exchange and the nyse mkt .
mr . eric roth , a qualified person under ni 43 - 101 , has reviewed the hot maden pea on behalf of sandstorm . to the best of sandstorm’s knowledge , information and belief , there is no new material scientific or technical information that would make disclosure of the mineral resource or hot maden pea inaccurate or misleading . the technical and scientific information contained in this press release has also been reviewed and approved by mr . roth .


the interurban transit partnership operates a public transit system called the rapid , which provides bus service to the grand rapids , michigan metropolitan area and beyond .

the rapid was recognized in 2004 by receipt from the american public transportation association of an " outstanding public transportation system award " .

formed by the city of grand rapids in 1963 as the grand rapids transit authority , the system became a regional authority in july 1978 and was renamed the grand rapids area transit authority , or grata .

in january 2000 , the itp was formed , which soon adopted the moniker , the rapid , as its branding .

interurban transit partnership

glassdoor gives you an inside look at what it ' s like to work at interurban transit partnership , including salaries , reviews , office photos , and more . this is the interurban transit partnership company profile . all content is posted anonymously by employees working at interurban transit partnership .
ask a question about working or interviewing at interurban transit partnership . our community is ready to answer .
nearly an hour of chanting and singing broke out at an interurban transit partnership public meeting on wednesday .
the rapid interurban transit partnership approved their end of the silver line pilot program on wednesday by near - unanimous vote .
rapid central station ( also known as the transit center ) is an intermodal transit station in downtown grand rapids , michigan . it is operated by the interurban transit partnership and serves as grand r
interurban transit partnership officials descended on the campus of grand valley state university to solicit ideas for a new bus rapid transit line between the school and downtown grand rapids .
» the interurban transit partnership ( the rapid ) , grand rapids , mi , is looking for a deputy ceo - finance and administration . [ more ]
for the interurban transit partnership ( the rapid ) in grand rapids , michigan , the need to make a change in service was spotted more than a decade ago .
the interurban transit partnership board announced it has reached agreement on a new three - year contract with the labor union representing the public transportation system’s bus operators and maintenance workers .
the interurban transit partnership ( the rapid ) , in cooperation with the federal transit administration ( fta ) , proposes to operate a bus rapid transit system ( silver line brt ) in the cities of grand rapids , wyoming , and kentwood , michigan .
tags : grand rapids grand rapids green roof market development symposium interurban transit partnership liveroof mi surface transportation center the international greenroof & greenwall projects database the rapid central station u . s . transportation facility
the silver line is included in a 20 - year master plan meant to provide a framework for the interurban transit partnership , or itp , which operates the rapid in grand rapids and five surrounding communities .
interurban transit partnership , the local transit authority that operates the rapid system , began studying the m - 45 / lake michigan drive corridor in october 2011 . it concluded existing service on routes 50 and 51 are overcrowded during peak times and inconsistent with schedules .
the rapid ( interurban transit partnership ) is the authority that provides a variety of public transportation services for the grand rapids metro area and beyond . it is organized and operates under michigan public act 196 of 1986 .
an awful lot of what we do is the result of wanting to make sure people can get to jobs ,
said peter varga , executive director of the six - city interurban transit partnership that operates the rapid .
the interurban transit partnership ( the rapid ) board voted unanimously wednesday to ask voters in grand rapids , east grand rapids , grandville , kentwood , walker , and wyoming to put a millage renewal proposal on the nov . 7 , 2017
a 12 - mile
laker line
between grand valley state university and downtown grand rapids on lake michigan drive has been studied by interurban transit partnership leaders for years , aiming to introduce a more efficient system along the existing route .
students can also utilize public transportation through the interurban transit partnership ( itp ) or
the rapid
including the use of go - bus rapid ' s special lift equipped transportation vehicle , which offers door - to - door service .
the interurban transit partnership on wednesday green - lit what is expected to be a 15 - month study into the feasibility of a 12 - mile
laker line
between grand valley state university and downtown grand rapids on lake michigan drive .
interurban is a demand response public bus system providing transportation for saugatuck , douglas and saugatuck township .
despite having announced the route between downtown grand rapids and grand valley state university ’s allendale campus more than three years ago , officials with the interurban transit partnership known as the rapid say plans for the proposed laker line are stuck in a holding pattern .
year : 2008 owner : interurban transit partnership location : grand rapids , mi , usa building type : municipal / government type : extensive system : single source provider size : 16 , 000 sq . ft . grade : 1 % access : inaccessible , private
the interurban transit partnership ( the rapid ) and the city of grand rapids unveiled a plan monday to roll out what will become michigan ' s largest fleet of environmentally friendly buses which will soon be cruising along the streets of downtown and greater grand rapids .
with previous transit projects underway , the align transit improvement study will build upon the silver line and laker line bus rapid transit ( brt ) systems to identify opportunities to advance and potentially expand transit service within the urbanized area .
grand rapids’ interurban transit partnership ( the rapid ) needed an innovative transit solution to inspire growth and modernize its transit system . division avenue stood out as a prime area to invest in , based on its population and employment density . more than a decade after the project was conceived , grand rapids is now home to michigan’s first bus rapid transit ( brt ) system and reaping the benefits of reduced commute times and increased economic development .
monoyios , the long - range planner for the interurban transit partnership ( the rapid ) and the project manager for the laker line , said the necessary funds for the project could potentially be split up into different years but depends on how the federal appropriations process proceeds .
amtrak apta brt chicago transit authority fta high speed rail light rail mbta mci motorcoach new flyer nj transit paratransit rail rail safety safety sustainability u . s . dot university transit vehicle purchase
in 2010 the interurban transit partnership , known to its passengers as the rapid , launched an industry - wide search for a technologically advanced mobile video surveillance solution . the agency’s requirements : a proven , reliable system for high - quality recordings and an easy - to - use fleetwide management platform .
all routes on the rapid are free for gvsu students , faculty , and staff , including routes to and from the allendale campus , pew grand rapids campus , and cook - devos center for health sciences . our partnership has helped the interurban transit partnership ( itp ) achieve its top national ranking for its size among other urban transit systems with more than two million bus rides per year . for more information on grand valley ' s bus routes and schedules , click here .
the interurban transit partnership was formed in 2000 to operate a public transport system they named the rapid to provide services for the grand rapids metro area and beyond . it is organized and operates under michigan public act 196 of 1986 with a 15 - member board of directors representing the six municipalities in the service area .
we talk interurban transportation : mobile gr and the new park once downtown district . our guests are joshua naramore and mike nowlin .
and the interurban transit partnership — the transit authority that operates the regional public bus system known as the rapid — is not stopping with the silver line . it’s in the design and engineering stages of a 13 . 3 - mile , $ 64 . 2 million bus rapid transit ( brt ) route connecting downtown with grand valley state university ’s allendale campus . officials hope that route , known as the laker line , will be operational by late 2017 or early 2018 .
these organizations , along with silver and bronze recipients , will be honored on july 29 at the sustainability and public transportation workshop , which is being held at the westin st . francis hotel in san francisco . cdm smith will receive silver level recognition at its headquarters . the three bronze level recipients are amtrak , interurban transit partnership ( grand rapids , mich . ) and the dallas area rapid transit .
glacier community media © copyright 2013 - 2018 tc publication limited partnership . all rights reserved . unauthorized distribution , transmission or republication strictly prohibited .
grand rapids — political pressures in washington , d . c . have created uncertainty for transit officials looking to fund west michigan’s second bus rapid transit line .
nick monoyios , a long - term planner for the interurban transit partnership and project manager for the laker line , said the rapid took a deliberate approach to make brt stations look appealing . other amenities like precision docking , wi - fi on the buses and multiple doors for entering and exiting the bus contribute to brt’s appeal compared to traditional routes , he said .
the interurban transit partnership ( itp ) provides citizens with regular bus routes , parking lot shuttles , and dial - a - ride service . gerald r . ford international airport , the state ' s 2nd largest airport , handles over 170 flights a day and provides service to over 5 , 000 passengers each day . three freight carriers and amtrak provide rail service .
a rendering of the silver line , a bus rapid transit project in development .
welcome to the only conference to address the special transportation needs of university communities created for you ! apta’s 2016 public transportation and universities conference , hosted by the interurban transit partnership ( the rapid ) is a great opportunity to visit one of the country ' s premier public transportation providers serving grand valley state university , listed among the
top 100 universities
in the united states .
the city of walker collects property taxes on behalf of the following taxing authorities : comstock park public schools , grandville public schools , kenowa hills public schools , state of michigan state education tax ( set ) , kent intermediate school district ( kisd ) , grand rapids community college ( grcc ) , interurban transit partnership , kent county , kent district library and the city of walker .
the rapid is home to michigan’s first bus rapid transit line , the silver line .
the silver line is the first bus rapid transit line in the state of michigan .
mefford - miller appointed interim exec . dir . of st . louis ' metro transit
grand rapids , mi — transit officials kickstarted a roughly $ 600 , 000 study this week that could result in a second bus rapid transit line in greater grand rapids .
» blacksburg transit , blacksburg , va , requests proposals for bus graphics . [ more ]
the interurban transit partnership ( itp ) or “the rapid” is the public transportation system serving the six municipalities in the greater grand rapids metro area . init ' s execution of an account - based smart card and mobile ticketing solution on the rapid ' s fixed - route lines is expected to improve the service offerings . the rapid provides over 12 million rides annually and was twice named the outstanding public transportation system in north america .
will be the first public transportation system in north america to receive platinum recognition level in the apta sustainability commitment program . three public transit systems attaining gold recognition level are va . - based hampton roads transit , seattle’s king county metro transit and the san francisco municipal transportation agency .
the interurban transit partnership ( itp ) is establishing an overall disadvantaged business enterprise ( dbe ) participation goal of 0 . 840 % for the fiscal years 2019 through 2021 . the itp dbe plan and goal methodology are available for review during business days between the hours of 8 : 00 am & 4 : 00 pm in the offices of the itp , 300 ellsworth avenue sw , grand rapids , mi 49503 . ( 616 ) 456 - 7514
the project was one of 10 similarly sized transit proposals from around the country to recently get recommendation from the federal transit administration ( fta ) for inclusion in president obama’s 2017 fiscal year budget .
a further two buses and 3 , 600 hours will expand service connecting langford exchange and town centre with camosun college’s interurban campus , the royal oak exchange and the university of victoria .
the rapid has to educate grand rapids residents on what bus rapid transit is before it went online .
johnson currently serves as the chief operating officer at the champaign - urbana mass transit district in illinois .
two proposed pilot programs would make rapid transit tickets more cost - effective for certain agencies and students .
the increase applies to all fares in the rapid transit system , and takes effect on october 1 .
the position oversees all three metro transit operations : metrolink , metrobus and metro call - a - ride .
that’s the board that oversees rapid operations . its members include mayors and other local leadership from transit boundaries .
a total of 20 , 000 new service hours have been added to the transit system for the fall .
the new silver line is operated by interurban transit partnership , known as the rapid . the 9 . 6 - mile route operates primarily along division avenue , serving residential areas along the corridor and major employers such as st . mary’s medical campus , the michigan state university college of human medicine , and the cook - devos school of nursing . compared to non - brt service , the silver line is faster because it eliminates the need for transfers between stops and uses dedicated bus lanes for much of the route .
a master’s degree or equivalent preferred , as is 5 - 10 years of senior management experience in a transit environment .
the grand rapids press reports that federal transit administration acting administrator therese mcmillan promoted the project wednesday in a conference call .
michigan ' s first - ever bus rapid transit system , the silver line , is providing superior travel for commuters .
however , they remain optimistic that the silver line bus rapid transit route has made public busing attractive to new riders .
init has worked closely with york region transit to develop , test and roll out the mobile - eco2 driver support system .
grand rapids , mi - - the wheels are beginning to turn for the area ' s second bus rapid transit system .
at one point , participants were asked to construct their own system using elements of a bus rapid transit system at varying costs .
a judge says bus drivers in the grand rapids area can ' t be punished for protesting near the homes of transit officials .
while the proposed grant was submitted in the summer of 2015 and approved this february by the federal transit administration ( fta ) to cover the proposed $ 71 million transit line , the plans remain on hold until congress passes a budget and appropriates the funds .
project name : the rapid central station year : 2008 owner : interurban transit partnership location : grand rapids , mi , usa building type : municipal / government type : extensive system : single source provider size : 16000 sq . ft . slope : 1 % access : inaccessible , private submitted by : liveroof & urltoken designers / manufacturers of record : architect : progressive ae landscape architect : progressive ae modular greenroof system : liveroof waterproofing system : epdm by firestone slip sheet product : epdm by firestone installation : katerberg verhage landscaping grower : hortech / liveroof llc construction management : the christman company engineer : wendel duchscherer
the rapid ( interurban transit partnership ) is the authority that provides a variety of public transportation services for the grand rapids metro area and beyond . after extensive remediation in 2004 , the $ 22 . 7 million rapid central station is the first u . s . transportation facility to receive leed® certification . constructed on a reclaimed brownfield site , the 51 , 000 sf station was inspired by the grand river rapids and features a white undulating fiberglass roof structure over the 17 - bus platform . a green roof covers the majority of the adjacent surface transportation center building , located on two separate sections of the roof .
a bus rapid transit ( brt ) system , connecting grand rapids , kentwood , and wyoming , mainly serving the division avenue corridor .
organizers say a $ 57 million federal grant should cover a big chunk of a rapid transit bus system in the grand rapids area .
steve goodreau is a leading bus rapid transit practitioner and provided essential visioning , design and construction support services for the silver line project .
lahood gave a nod to the silver line , which , once complete , will be the city ' s first bus rapid transit line , as part of $ 2 . 2 billion in federal funding recommendations for new or continuing transit projects across the nation during the 2013 fiscal year .
the addition of eight new buses and two new routes in greater victoria are part of the fall service changes at b . c . transit .
the interurban transit partnership ( the rapid ) proposes to build a bus rapid transit ( brt ) line between downtown grand rapids and the grand valley state university ( gvsu ) campus in allendale via fulton street and lake michigan drive . the project will serve 11 new laker line stations plus three existing stations on an existing silver line brt route in the downtown . the project will include short segments of dedicated lane on the gvsu campus and in downtown grand rapids , transit signal priority , the purchase of 16 high - capacity , articulated compressed natural gas buses , level platform boarding with precision docking of vehicles , off - board fare collection , and construction of a light maintenance facility . service will operate every six to 15 minutes during weekday peak periods , every ten to 40 minutes during weekday off - peak and evening periods , and every 30 to 60 minutes on weekends , with the longer headways in effect when gvsu is not in session and on weekend evenings .
the bus rapid transit line , which would ferry passengers north and south along a stretch division avenue , is meant to cut down on crosstown travel .
grand rapids officials are laying the groundwork for a larger , multi - modal transportation future . part of that work involves extending available mass transit options .
“this route will have students moving from kirkhof to downtown five minutes faster than the current routes , ” he said . “we are also working closely with grand valley to reconstruct the circle drive outside of kirkhof into a transit hub to maximize accessibility for transit and create a more comfortable experience for students . ”
don ' t miss the opportunity to explore the rapid ' s system and programs , including the first bus rapid transit line in the state of michigan .
for years , the standale master plan has guided the build - out of properties along the section of lake michigan drive in the city of walker , where officials believe better transit options would allow for better development patterns . in particular , a bus rapid transit system like the laker line could help shift development away from the commonplace strip malls in favor of denser , “transit - oriented development , ” according to frank wash , walker’s assistant city manager and community development director .
during this conference , meet others facing the same opportunities and challenges as you . explore partnerships and networking opportunities with university , transportation professionals , students and leading experts on university community transportation issues . the conference agenda provides multi – track sessions on innovative financing for transit services ; marketing and communicating your transit services to students ; technology ; planning ; sustainability ; student engagement ; safety and security - late night shuttle services ; university - operated transit services ; providing transit services for multi - university and college campuses ; successful mitigation / intervention in university parking policies ; effective policies to curb adverse interactions with bicylists ; bike share programs ; on - demand ridership models ; strategies for when the money
dries
up ; and building the next generation of transit ' s workforce , among others . there are also interactive sessions specifically geared to universities and their transit partners interested in initiating new university transportation services , and those with new programs already underway .
completed on time and $ 5 million under budget , the silver line is inspiring cities near and far to consider how brt can provide convenient transit and rejuvenate communities . in fact , michigan is looking at its second brt—the laker line—to serve transit between grand valley state university and downtown grand rapids on lake michigan drive .
ben williams , president of unifor local 333 , which represents transit drivers , expressed relief at the funding . “it’s badly needed . we haven’t seen expansion of hours in victoria for years . any expansion of transit is obviously a good thing and this will definitely start to address some of the running time issues . ”
the align transit improvement study is a new year - long project ( beginning in june 2017 ) to identify , analyze and prioritize a set of transit improvements that can be made to the existing bus system to improve the overall transit experiences in grand rapids and the surrounding communities . this study will look for ways to add to and improve the network , recommend land use and other policies to help grow ridership and determine the improvements the public would like to see for the system .
“overall , our plan is to improve automobile traffic , while integrating the goals of the city to improve conditions for pedestrians , bicycles and transit , ” naramore said .
there are different levels of recognition — bronze , silver , gold and platinum — that are determined by specific measured achievements . only four other organizations have received gold level recognition : olympia , wash . - based intercity transit ; sound transit , the southeastern pennsylvania transportation authority ; and vancouver , b . c . - based translink .
he also said adding the laker line as a transit route will allow gvsu to invest less money in creating additional parking spaces on the expanding allendale and pew campuses .
to wash , enhanced transit options , the infrastructure that goes along with it and the zoning allowed in the area could prove attractive to potential commercial real estate developers .
“the rapid realizes that as the community grows , it’s vital for our transit system to adapt to the changing needs of users . the align study will help the rapid achieve its goal of providing safe and equitable service that connects people to jobs , promotes economic development and offer a first - class transit experience , ” venema said .
u . s . transportation secretary anthony foxx announced that president obama’s fiscal year 2017 budget includes $ 57 million for construction of grand rapids’ laker line bus rapid transit project .
the transit authority secured a $ 600 , 000 federal grant last fall to conduct the study , which now is more than halfway complete in its 15 - month life span .
eighty percent of the proposed $ 71 million transit line will be covered by the fta , while the michigan department of transportation ( mdot ) will fund the remaining 20 percent .
another highlight that begins thursday , sept . 1 , will allow downtown travelers to ride the silver line at no cost , all day long , from north of wealthy street and throughout downtown within the no fare zone . the new pilot project is a partnership between the city , downtown grand rapids inc . and the rapid .
situated within a 20 - minute walk from grand rapids amtrak station , amway grand plaza hotel provides guests with a convenient base when visiting grand rapids . it has a fitness centre , as well as outdoor tennis courts , free wi - fi and valet parking . this historic hotel provides a number of amenities , including a hair salon , a limousine service and 24 - hour room service . the spa offers a variety of treatments and a chance to relax . amway grand plaza hotel grand rapids has 682 modern rooms that are equipped with a range of essential facilities to ensure guests have a comfortable stay . amway grand plaza hotel is conveniently situated for sightseeing in grand rapids , with plaza towers and devos place convention center just a short walk away . interurban transit partnership and the gerald r ford presidential museum are within walking a distance .
the study ' s approval comes less than two weeks after an official project groundbreaking for a $ 40 - million bus rapid transit silver line being built between wyoming and grand rapids .
b . c . transit ' s expanded service offerings include the introduction of a route between the belmont park community and royal roads university and another between the westhills and esquimalt dockyard .
gvsu students , facility and staff — some enticed by pizza by the noon hour — spoke with transit officials to express their criticisms and ideas of the overall system and the one proposed .
allendale , mi — the first of many baby steps toward a second bus rapid transit line in greater grand rapids accelerated by leaps and bounds thursday as transportation officials solicited feedback from the community .
the $ 1 . 63 million will cover the next fiscal year , and the transit commission “will continue to work with the province on a long - term funding solution , ” brice said .
grand rapids , mich . – the u . s . department of transportation’s federal transit administration ( fta ) today celebrated the grand opening of the silver line bus rapid transit ( brt ) system . the new system will significantly improve transit options in the greater grand rapids area and offer faster , more convenient access to major downtown employers along one of the city’s busiest commercial corridors . fta acting administrator therese mcmillan joined michigan department of transportation director kirk steudle , the rapid board chair barb holt and chief executive officer peter varga , and other local officials at a ribbon - cutting event .
holiday inn express grand rapids north is located in grand rapids and features complimentary wireless internet . it is ideally positioned for those wishing to sightsee in the area . holiday inn express hotel & suites north walker provides a golf course , laundry facilities and a 24 - hour business centre . a fitness centre is available to those wanting to keep up their exercise regimes while travelling . holiday inn express grand rapids north has 94 spacious rooms offering all the essentials to ensure a comfortable stay . guests of holiday inn express hotel & suites north walker can unwind at the in - house bar , conveniently located for socialising in the evening . there is a range of breakfast options to choose from every morning . the hotel provides easy access to fred meijer white pine trail state park and the gerald r ford presidential museum . interurban transit partnership , grand valley state university and amway world headquarters are easily reached by car .
started in 2009 , 105 public transit agencies and businesses have participated in the apta sustainability commitment program by implementing processes and actions that will lead to continuous improvement on environmental , social and economic sustainability .
the laker line bus route is one of 10 similarly sized transit proposals across the u . s . to receive a grant from the fta as part of president barack obama’s 2017 fiscal year budget .
it first was identified as a potential bus rapid transit corridor during years - long planning that resulted in the silver line , and is included as such in the rapid ' s 20 - year master plan .
four of the buses and 12 , 800 hours are earmarked to “address immediate overcrowding and reliability issues by increasing the frequency and timing of existing scheduled trips , ” a b . c . transit document says .
according to federal documents , the fta plans to fund 80 percent of the proposed $ 71 million transit line , while the michigan department of transportation ( mdot ) is expected to fund the remaining 20 percent .
haley bracken , a senior at gvsu who commutes from the allendale and pew campuses , likes the idea of the new transit line as it will give students a more comfortable experience when shuttling across the different campuses .
as for grand rapids , kamstra said bus routes “can be pretty impactful in development of those neighborhood services that help boost the whole area . … we’re excited about all of these conversations happening with mass transit . ”
this handout from the rapid shows the route the proposed laker line would take between downtown grand rapids and grand valley state university’s allendale campus . federal funding for the bus rapid transit route has yet to be appropriated .
often described as a cheaper alternative to light rail , bus rapid transit ( brt ) generally offers riders enhanced bus stations , dedicated lanes and other amenities intended to provide faster , more reliable service on set routes .
still , conrad venema , the rapid ' s strategic planning manager , told itp members the agency ' s success with the silver line primes it for an easier road to getting a second bus rapid transit system going .
monoyios emphasized how the laker line bus rapid transit ( brt ) – which will travel to and from the allendale to pew campuses , with stops on the medical mile – will be faster than the current route 50 .
passengers line up for a bus heading for the university of victoria , one of the region ' s busiest routes . the province has boosted funding to b . c . transit in an attempt to cut wait times .
the goal not only is to see how transit officials can make commuting more comfortable for riders but to build a case for the federal government in securing funding when it comes time to build the actual system , varga said .
the investment demonstrates an important collaboration of innovative partners within our community , using more sustainable , clean , cost - effective and safe products on the market for transportation solutions , said grand rapids mayor rosalynn bliss .
through a strong partnership between the city and the rapid , we can use these new vehicles to continue our efforts that improve the quality of air we breathe and the environment we enjoy .
before the news conference was over , close to a dozen members of a protest group interrupted the presentation . the group was from the amalgamated transit union , which claims drivers of the rapid buses haven ' t been fairly compensated .
while the funding remains at the whim of national politics during a presidential election year , monoyios remains upbeat about the prospects for the brt route , largely because of the accolades the proposed route has already received from federal transit experts .
analysis of a second bus rapid transit ( brt ) line , the laker line , is underway . this line will enhance connectivity between grand valley state university and downtown grand rapids , mitigate traffic , and encourage development along the route .
“the room for development comes in those areas in between , ” she said . “that’s where that argument is strong . for any kind of rapid transit system to be successful , you have to have a base to start with . ”
greater victoria residents who are forced to stand on crowded buses , missing connections and facing delays due to traffic congestion can breathe easier thanks to a $ 1 . 63 - million injection from the province to the greater victoria transit commission .
officials expect work to begin six or seven years from now at a cost that has yet to be determined . however , officials broke ground this spring on a $ 40 - million bus rapid transit silver line between wyoming and grand rapids .
according to project reports , the division avenue corridor had the highest total population , highest density and transit dependent population compared to other routes studies . the corridor is also abutted by several blighted “renaissance zones , ” designed to lure in development .
people at the grand valley state university downtown grand rapids campus get on a bus headed for the gvsu allendale campus at front street nw . the rapid is considering bus rapid transit service between the campuses . ( mlive . com file photo )
the rapid has been investing in bus rapid transit lines that differ from their traditional buses ( shown here ) in that they use a dedicated station and off - board ticketing , making for a more “dignified” passenger experience , according to officials .
the contract for members of the amalgamated transit union local 836 , which represents rapid union employees , was set to expire a year ago last june . after a two - month extension was granted , it officially expired at the end of august .
given the decade it took the itp to get its first bus rapid transit line going , the laker line is years out , holt said . it could take as many as five or six year to get the laker line up and running .
fares were increased in april 2016 , bringing in an extra $ 2 million by february 2017 . during that period , despite higher fares , there were more riders , with 100 , 000 additional passenger trips recorded , b . c . transit said .
after reduced transit service during the summer , regular schedules will be reinstated on routes serving high schools and post - secondary institutions such as the university of victoria , camosun college and royal roads university . classes resume at most greater victoria schools on sept . 5 .
that
bigger city feel
is the goal of the 21 - month - old silver line bus - rapid transit route , perhaps the biggest transit amenity added with the increased property tax . launched in august 2014 , the $ 40 million , 9 . 6 - mile route shuttles passengers between its southern terminus at 60th street and division avenue , and downtown , with stops as far north as michigan street . part of the vision is to get people in and out of downtown without taking up city space for car parking .
the commission has lobbied to increase the transit portion of the gasoline tax in greater victoria from 3 . 5 cents per litre , which raises $ 11 . 7 million a year . it wants a 5 . 5 - cent tax , raising a further $ 7 million .
“so that could be anything from carpooling , biking , walking , access to transit – riding the bus downtown . or parking in a remote lot a little bit further from downtown and utilizing either the dash , the silver line or any of the other bus services . ”
transit relies on bus fares , property taxes and the gas tax for two thirds of its budget , with the province paying for about one third . the 2017 - 18 budget has $ 128 . 5 million in spending , up from $ 120 . 6 million last year .
“we want that uniformity , ” monoyios said . “we recognize the value of the consistency in design and aesthetic . we want to create a brt network . similar to how people understand highways , that’s the expressway to get places . brt is the expressway for transit users . ”
apids ' main city bus station as well as a station on the silver line bus rapid transit . it is located on grandville avenue between cherry street and wealthy street , and is the brt ' s northern terminus . it is just yards north of the new amtrak station on century avenue .
the rapid has enhanced and added to its video surveillance system since the initial installation in early 2012 . now , with the recent addition of wireless connectivity , pouget , transit supervisors , law enforcement personnel and other first responders to have access to real - time video footage out in the field .
varga said economic development has been a key part of the silver line and while the city didn’t add in tax credits to build around stations , it has put a preference for transit - oriented development . developments have been popping up near some stations , but it’s not directly attributed to the line .
the city of walker made transit - oriented zoning changes a number of years ago for the area along lake michigan drive between kinney and wilson avenues . so far , developers have not brought any concrete plans for projects to the city , but wash said he believes building a brt could facilitate that .
“we did realize there was an existing silver line in boston , but we figured we weren’t really competing in the same transit market . it turns out that the other silver line , that was one of the important things for them too — to give it a special name that says high quality . ”
the deputy ceo will also provide strategic vision , analysis , planning and direction , advising the ceo , board , and other stakeholders using measurable metrics . this person will remain current on emerging industry practices and technologies to maximize the efficiency and service while maintaining the rapid’s position as a leader in the national transit industry .
“there are so many elements to it that are beneficial , ” said debra alexander , manager for lansing’s brt project and assistant executive director of cata . “the overarching goal is : how can we as a region facilitate continued growth of housing , economic development , transit utilization and automobile utilization in a fixed environment ? ”
the rapid , an innovative and award - winning transit system headquartered in michigan’s second largest city , provides over 11 million annual rides with 28 fixed routes , as well as paratransit , vanpool and brt service , to a metro area with over a million residents . ridership , up over 230 % since 2000 , is expected to remain strong .
activity on and around the rapid vehicles is captured through six interior - and two exterior - mounted cameras . if a vehicle is involved in any abnormal event , such as a collision that triggers an on - board accelerometer and a transit supervisor or police vehicle is in range , the wireless technology allows first responders to monitor and download video remotely .
grand rapids , mi - five years ago , residents of grand rapids and five surrounding suburbs passed a tax increase by 136 votes - out of more than 34 , 000 cast . since then , property owners have paid $ 71 million in transit taxes , the silver line has opened for business and margo dean has had an easier time getting to work .
dean is among thousands of riders who have benefited from the 2011 voter approval of a 1 . 47 - mill transit tax , up from a previous 1 . 15 - mill levy . the additional revenue increased weekday frequency with service every half - hour - every 15 minutes on the busiest routes - and extended busing later into the night during the week and on weekends .
public transportation is a vital part of grand rapids and its surrounding communities—whether you ride the rapid daily , once in a while , or have yet to try public transportation . while the rapid has helped connect thousands of people across our community for years , there’s always room for improvement . it’s time to work together and align for better public transit in grand rapids metro region .
this case demonstrates the way many transit agencies are procuring state - of - the - art technology . by extending the technical capabilities onboard the rapid vehicles , the agency is increasing safety , improving efficiency and saving money . as this agency’s fleet continues to mature , the apollo video system will grow with it and continue to provide on - board video surveillance and fleet management tools .
if you own a $ 150 , 000 house in grand rapids , east grand rapids , grandville , kentwood , walker or wyoming , you ' ve paid about $ 120 in additional property tax to the rapid over the past five years - about $ 550 overall . that revenue , along with rider fares , contracted services , state funding and government grants , covers the transit system ' s $ 70 million annual budget .
“i think in terms of a larger scope and brt’s…there has been a shift in looking at brt very positively as a transit investment and the focus for many years has been on the development of light rail , ” varga continued . “now in consideration of brt vs light rail , you’re starting to see it in the large urban areas , the new york cities , the chicago’s , that now look at it instead of a rail option . ”
“the silver line is an excellent example of bus rapid transit that’s done right—offering a convenient and reliable travel option for thousands of residents in the grand rapids area , ” said fta acting administrator mcmillan . “this new service will cut commuting times nearly in half for many workers , students and seniors in kent county who are traveling to jobs , school and medical facilities in downtown grand rapids and the medical mile , while helping to reduce congestion on us 131 . ”
the silver line connects downtown grand rapids , the city’s medical mile with two other municipalities , wyoming and kentwood , as it moves south on division avenue toward 60th street . riders include a mix of both working professionals and students . a vital component of grand rapids’ public transit system , the silver line decreased travel time along the route from 45 minutes to 27 minutes and increased ridership by an estimated 2 , 300 riders per day ( or about 40 percent ) since it opened in august 2014 . dedicated lanes , which separate buses from traffic , ensure a speedy commute even during rush hour times .
the most recent monthly ridership data , available from the federal government’s national transit database , shows that the silver line is attracting fewer than 2 , 300 riders per day , a far cry from the 7 , 200 per day that the rapid promised . but , even more spectacularly , ridership across the entire system has dropped below where it was in 2011 , when the tax issue first passed . so not only has the silver line failed to attract new riders , the entire purpose of the tax hike seems to have failed . indeed , the ridership decline has been steady for the last three years , with no end in sight .
the rapid central station is located at 250 grandville ave sw , grand rapids , mi 49503 ; visit their website and their the rapid & the environment page . watch the 2 : 11 video the rapid central station - project of the week 3 / 24 / 14 from urltoken on the greenroofstv channel on youtube . see the greenroof on google maps and the project profiles from the christman company ; u . s . green building council west michigan chapter and liveroof . read about the original project write up from the november / december 2005 past , present and future converge to ride the rapids at transit facility in dcd . read about liveroof in the greenroof and greenwall directory .
traveling to rapid central station in grand rapids has never been so easy . use moovit to get detailed step by step directions as you travel from your current location or from a top attraction or any major public transit station . view detailed routes on a map , see bus and train schedules , arrival times , and service alerts so you know exactly how to get to rapid central station . when traveling to rapid central station use moovit ' s live directions with get off notifications to know exactly where and how far to walk , how long to wait for your line , and how many stops are left . moovit will alert you when it’s time to get off — no need to constantly re - check whether yours is the next stop .
the proposed silver line brt project is approximately 9 . 6 miles in length . the brt vehicles would be street running along division avenue from the grand rapids central business district ( cbd ) to 60th street ( which is the current boundary of the service area for the rapid ) . in the cbd , the route includes the three highest employment concentrations , the grand rapids community college , and central station ( the downtown hub for existing radial local buses ) . a key goal of the project is providing access for the population surrounding division avenue , an economically distressed corridor with a high percentage of transit dependent population , to job and educational opportunities especially in the grand rapids cbd . this is the prime reason the routing downtown circulates directly to st . mary’s heath campus , grand rapids community college , medical mile , and the core of downtown employment .
the greater cleveland regional transit authority ( rta ) recently rebranded two healthline brt stations as “museum stops” to assist riders looking for nearby museums in the university circle neighborhood . rta chief executive officer and general manager joe calabrese said the branding is intended to make it easier for customers to know which stops to use when they want to visit the museums , gardens and other institutions . “this branding is not only important for our customers who reside in greater cleveland , but will make planning the trip simple , especially for the many tourists that come to cleveland to visit these world - class institutions , ” he said . “every weekday , there are 266 trips on the healthline to and from these museum stops , ” he said . “university circle has become one of the premier destinations in northern ohio … [ with ] the world’s greatest concentration of education , medical , arts and cultural institutions—all located in one city neighborhood . ”
at the end of august , several rapid routes will undergo changes to routing , schedules , and stop locations . the following changes will go into effect on august 31 , 2015 :
route 2 : schedule times will be adjusted along the route in an effort to enhance schedule adherence .
route 8 & 44 stop relocation : the bus stop at rivertown crossings is being relocated to the east end of macy’s on the front side of the mall .
route 28 : the westbound routing will be changing to the following : westbound : 28 th street west to cross over ivanrest , right on wallace to chicago dr . , left on chicago dr . , to wilson , left on wilson to grandville library .
route 44 : route will be changing to the following : westbound : wilson to 44 th , left on 44 th to canal , left on canal to lowes . eastbound : canal to 44 th , right on 44 th to wilson , right on wilson to rivertown crossings .
lafayette to hastings , left on hastings to coit , left on coit to michigan , right on michigan to monroe , left on monroe to fulton , right on fulton to laker michigan to allendale gvsu campus ( kirkhof ) .
campus drive to lake michigan , lake michigan to fulton , right on fulton to monroe , left on monroe to michigan , right on michigan to lafayette , left on lafayette .
westbound stops : center for health sciences , michigan & bostwick , monroe & devos place , monroe & louis , pew campus : fulton & mt . vernon , fulton & garfield , lake michigan & covell , lake michigan & oakleigh , lake michigan & collindale , lake michigan & bayberry apartments , lake michigan & kinney , lake michigan & wilson ( meijer ) , north campus & ravine center , north campus & mackinac hall , kirkhof center
eastbound stops : kirkhof center , north campus & ravine center , lake michigan & wilson ( meijer ) , lake michigan & kinney , lake michigan & collindale , lake michigan & bona vista drive , lake michigan & covell , fulton & garfield , pew campus : fulton & mt vernon , monroe & louis , monroe & devos place , michigan & bostwick , lafayette at chs .
route 51 hill dash : this route will now run from 6 : 30 a . m . – 6 : 00 p . m . on a 15 - minute cycle . hill dash will no longer travel to the chs building . the new routing will include travel on michigan to barclay , turn right on barclay , and continue on current routing back to seward .
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