Follow the Young, Smart Money in Mining
Nolan Watson, CEO of the Sandstorm Companies (SAND), is only 33 years old and he's now managing a $1 billion company.
Here is an interview with the youngest mining CEO in the world.
Watson formerly worked to chief financial officer at 26. He helped raise more than $1 billion in debt and equity to fund Silver Wheaton (NYSE:SLW)'s acquisition needs. In 2009, Watson led Sandstorm in raising C$47 million along with a Silver Wheaton alumnus.
Sandstorm provides an upfront cash payment to a company that is building a mine, in exchange for the right to purchase a percentage of its future production at a set price.
“There are things and absolutes that should guide conduct, and one of those things is integrity… [it] makes a difference in business. People view you as different than other[s] if you’re willing to not make money [by] doing the wrong thing,” and by adhering to that philosophy he added, “I think the mining industry is one of those industries where you can make a lot of money.” When discussing the mechanics of finding quality streaming deals, and building a successful company, he said, “[We] try to find assets that have really good exploration upside… with a company that hasn’t had the ability to fully exploit [it] yet, either due to the geologic nature of the deposit, or just due to lack of funds… [if] we can do a deal to finance [mine] production — that’s what we’re really looking for.”