Sandstorm Gold Ltd - SAND STOCK NEWS

Sandstorm Gold Royalties (NYSE: SAND) has announced key corporate updates. The company has implemented an Automatic Share Purchase Plan (ASPP) to facilitate share repurchases under its Normal Course Issuer Bid (NCIB), allowing purchases of up to 10.0 million common shares. Since May 7, 2024, the company has already purchased 1,578,800 shares at average prices of C$7.58 and US$5.47.

Additionally, Sandstorm has renewed its revolving credit facility of US$625 million with improved terms, including reduced interest rates of SOFR plus 1.75%–2.75% per annum, representing a 75-basis point reduction at the upper end. The facility maintains sustainability-linked incentive pricing and matures in December 2028.

The company's ATM equity program expired on October 22, 2024, with no shares issued, and there are no plans for renewal.

Sandstorm Gold Royalties (NYSE: SAND) has reported significant exploration and development updates across its royalty portfolio. At Fruta del Norte, high-grade drilling results showed 22.67 g/t gold over 41.6 metres, confirming mineralization continuity. The Bonikro gold mine advanced exploration with 231 holes completed at Hire. Minyari Dome project reported a 33% increase in gold resources to 2.3 Moz. The Odienné project revealed impressive results including 14.7 g/t gold over 59 metres. Troilus Gold secured Letters of Intent for up to $1.3 billion in project financing from various export credit agencies.

Sandstorm Gold Royalties (NYSE: SAND) announced several updates across its portfolio. The Robertson mine received final federal permit approval, with production expected in 2027. At Hod Maden, site preparation continues with $10.9 million spent in Q3 2024. Underground development commenced at Hugo North Extension, with high-grade drilling results reported. Aurizona plans to restart mining at Piaba pit in Q4 2024 following remediation. Chapada achieved 46% reduction in mining costs through optimization. Coringa released an updated PEA projecting 36,000 oz annual gold production between 2026-2031.

Sandstorm Gold Royalties (NYSE: SAND) reported Q3 2024 financial results with revenue of $44.7 million, up from $41.3 million in Q3 2023. The company achieved 17,359 attributable gold equivalent ounces, down from 21,123 ounces year-over-year. Cash operating margins reached a record $2,215 per attributable gold equivalent ounce. Net income was $5.8 million compared to $0.01 million in Q3 2023. The company received first gold deliveries from Greenstone following commercial production announcement. For 2024, production guidance is set at 70,000-75,000 attributable gold equivalent ounces, with a five-year target of 125,000 ounces.

Sandstorm Gold Royalties (NYSE: SAND, TSX: SSL) reported its Q3 2024 sales and revenue figures. The company sold approximately 17,350 attributable gold equivalent ounces, generating preliminary revenue of $44.7 million. In comparison, Q3 2023 saw sales of 21,123 ounces and $41.3 million in revenue. The preliminary cost of sales, excluding depletion, was $5.3 million, resulting in cash operating margins of $2,215 per attributable gold equivalent ounce, up from $1,699 in Q3 2023. Full financial results will be released on November 7, 2024, followed by a conference call on November 8, 2024.

Sandstorm Gold Royalties (NYSE: SAND, TSX: SSL) has declared its fourth quarterly cash dividend for 2024. The dividend of C$0.02 per common share will be paid on October 25, 2024, to shareholders of record as of October 15, 2024. This qualifies as an "eligible dividend" under the Canadian Income Tax Act. The company's Board of Directors will review the dividend program regularly and may make changes based on various factors, including financial position and profitability.

Sandstorm is a precious metals-focused royalty company with a portfolio of over 230 royalties, 41 of which are from producing mines. The company aims to grow and diversify its production profile through acquiring additional gold royalties.

Sandstorm Gold Royalties (NYSE: SAND, TSX: SSL) has provided updates on drilling and exploration activities across its portfolio of streaming and royalty assets. Key highlights include:

1. Lundin Gold's Bonza Sur gold discovery at Fruta del Norte, with plans for a maiden resource estimate by mid-2025 and a potential new 10,000-15,000 tpd open pit mine.

2. High-grade drill results from Bonterra's Phoenix JV Moss Target, including 38.33 g/t gold over 1.1m.

3. Awalé Resources reported significant gold intercepts at Odienné, including 45.7 g/t gold over 32m at the Charger Zone.

4. Antipa Minerals completed Phase 1 drilling at Minyari Dome, expanding the GEO-01 discovery with near-surface high-grade gold mineralization.

5. Troilus Gold announced a new West Rim Zone discovery near its main deposit, with ongoing drilling to expand resources.

Sandstorm Gold Royalties (NYSE: SAND) provided updates on key development projects in its streaming and royalty portfolio. Equinox Gold's Greenstone mine in Ontario officially opened, ramping up production with 19,750 ounces of gold in July. Ivanhoe's Platreef PGM mine in South Africa completed its Phase 1 concentrator, advancing towards 2025 production. Develop Global secured US$65 million for the Woodlawn copper-zinc mine restart in Australia, targeting production in mid-2025. Erdene's Bayan Khundii gold project in Mongolia reached 30% construction completion, aiming for first gold in mid-2025. Allied Gold closed US$53 million in stream financing for its Côte d'Ivoire Complex, supporting exploration and optimization efforts.

Sandstorm Gold Royalties (NYSE: SAND) reported its Q2 2024 financial results. Revenue decreased to $41.4 million from $49.8 million in Q2 2023, with 17,414 attributable gold equivalent ounces sold compared to 24,504 ounces in Q2 2023. The company achieved record cash operating margins of $2,043 per attributable gold equivalent ounce. Net income increased to $10.5 million from $2.7 million in Q2 2023.

Key highlights include the first gold pour at Equinox Gold's Greenstone mine, where Sandstorm holds a gold stream. The company continued deleveraging its balance sheet, making $27 million in net debt repayments. Sandstorm maintains its 2024 production forecast of 75,000 to 85,000 attributable gold equivalent ounces, with a five-year outlook of approximately 125,000 ounces.