Welcome to our dedicated page for Sandstorm Gold news (Ticker: SAND), a resource for investors and traders seeking the latest updates and insights on Sandstorm Gold stock.
Sandstorm Gold Ltd (NYSE: SAND) provides investors with transparent access to corporate developments through this centralized news hub. Track official announcements detailing gold streaming agreements, royalty acquisitions, and strategic portfolio updates from the pioneering precious metals financier.
Discover timely updates on mine financing partnerships, production milestones from streaming contracts, and financial performance reports. This resource consolidates press releases related to asset diversification across North American, South American, and global mining projects while maintaining focus on SAND's capital-efficient business model.
Key updates include new streaming agreements, royalty portfolio expansions, quarterly financial disclosures, and management commentary. Investors benefit from direct access to primary sources without operational noise typical of traditional mining companies.
Bookmark this page for efficient tracking of SAND's non-operational growth strategy and its evolving position in commodity finance markets. Regular updates ensure informed analysis of the company's unique approach to precious metals exposure.
Sandstorm Gold Royalties (NYSE: SAND) has reported strong preliminary results for Q1 2025, achieving record revenue of $50.1 million from approximately 18,500 attributable gold equivalent ounces sold. This represents an increase from $42.8 million in revenue and 20,316 ounces in Q1 2024.
The company achieved record preliminary total sales, royalties, and income of $54.1 million, with record cash operating margins of $2,507 per attributable gold equivalent ounce. Cost of sales, excluding depletion, was $6.9 million for the quarter.
In a significant capital allocation move, Sandstorm repurchased and cancelled approximately 3.1 million common shares for $19.0 million during Q1 2025. The company maintains a revolving credit facility with an outstanding balance of $340 million and an available balance of $285 million. Full Q1 2025 results will be released on May 6, 2025.
Sandstorm Gold Royalties (NYSE: SAND) announces significant developments for the Hod Maden gold-copper project in Türkiye. The joint venture has approved early-works capital investments of US$60-$100 million for 2025, supplementing the US$42 million development costs from 2024. The project's critical path items, focusing on road and tunnel construction, will be prioritized.
Technical work and infill drilling continue to validate previous due diligence outcomes, with SSR Mining planning an initial exploration program for deposit extension. The company maintains its forecast for first production in 2028. Sandstorm holds a 2.0% net smelter returns royalty and a gold stream agreement, allowing purchase of 20% of all gold produced at 50% of spot price until 405,000 ounces, followed by 12% of gold at 60% of spot price for the mine's lifetime.
Sandstorm Gold Royalties (NYSE: SAND) has announced its first quarterly dividend for 2025. The company will distribute C$0.02 per common share to shareholders of record as of April 14, 2025, with payment scheduled for April 25, 2025.
The dividend qualifies as an 'eligible dividend' under the Canadian Income Tax Act. Shareholders outside Canada will be subject to non-resident withholding taxes. The company notes that future dividends will be subject to Board approval and may be amended based on various factors including financial position, capital allocation, profitability, cash flow, and debt covenant compliance.
Sandstorm Gold Royalties (NYSE: SAND) has announced the early renewal of its Normal Course Issuer Bid (NCIB) and Automatic Share Purchase Plan (ASPP). Under the new NCIB, Sandstorm can purchase up to 20 million common shares, representing approximately 7% of the company's issued and outstanding shares.
The new NCIB will run from March 27, 2025, to March 26, 2026. The company has already purchased 4.83 million shares under its previous NCIB at average prices of C$8.18 on TSX and US$5.96 on NYSE. Daily purchase limits are set at 73,110 shares on TSX and 25% of average daily trading volume on NYSE.
The renewed ASPP allows for purchasing up to 15 million common shares during blackout periods, with purchases executed through the company's broker based on pre-established parameters. Sandstorm believes its shares may not fully reflect their intrinsic value and views the repurchase program as a strategic use of capital.
Sandstorm Gold Royalties (NYSE: SAND) has reported significant developments across its royalty portfolio. Erdene Resource Development secured a $50M working capital facility for the Bayan Khundii gold project, with first gold expected mid-2025. Sandstorm holds a 1% NSR royalty.
At Fruta del Norte, exceptional drilling results include 173.98 g/t gold over 8.45m, with Sandstorm holding a 0.9% NSR royalty. The mine reported 2.09Moz Inferred Resources at FDNS and discovered new copper-gold mineralization at Trancaloma.
High-grade results were reported at Hugo North Extension, including 1.36% copper and 0.42 g/t gold over 164m. At Omai Gold Mine, significant drilling results showed 4.48 g/t gold over 57m at Wenot, with an updated PEA expected in Q3 2025. The Phoenix JV project, where Sandstorm holds 0.5-3.9% NSR royalty, reported promising drill results including 6.23 g/t gold over 2.8m at the Moss target.
Sandstorm Gold Royalties (NYSE: SAND) has provided updates on several key assets in its portfolio. At Fruta del Norte, Inferred Resources increased 59% to 2.36 Moz gold, with Proven and Probable Reserves growing to 5.54 Moz. The Platreef mine expansion studies target Phase 1 production in Q4 2025 and Phase 2 in Q4 2027, with projected gold production increasing from 6,900 oz to 29,000 oz annually.
In Argentina, the Gualcamayo Deep Carbonates Project submitted a $1 billion investment plan under the new RIGI program, expecting to produce 120,000 oz gold annually for 17+ years. The MARA copper-gold project plans to submit its RIGI application in H1 2025. Greenstone mine targets 300,000-350,000 gold ounces in 2025, while the Woodlawn copper-zinc mine restart is 70% complete with first production expected in June 2025.
Sandstorm Gold Royalties reported its 2024 financial results with annual revenue of $176.3 million and Q4 revenue of $47.4 million. The company achieved 72,810 attributable gold equivalent ounces for the year, with record cash operating margins of $2,097 per ounce. Annual net income was $15.5 million.
The company focused on strengthening its balance sheet, making $80 million in net debt repayments in 2024 and an additional $15 million subsequently. Shareholder returns included $17.5 million in dividends and $10.9 million in share repurchases. The company forecasts 65,000-80,000 attributable gold equivalent ounces for 2025 and projects approximately 150,000 ounces by 2030.
Key developments included first gold deliveries from Greenstone mine, Antamina mine's operations extension to 2036, and advancement of several development projects including Platreef, Robertson, and Hod Maden.
Sandstorm Gold Royalties (NYSE: SAND) has reported its preliminary sales and revenue figures for 2024. The company sold approximately 72,800 attributable gold equivalent ounces with preliminary revenue of $176.3 million for the full year 2024, compared to 97,245 ounces and $179.6 million in 2023.
For Q4 2024, the company sold about 17,700 attributable gold equivalent ounces with preliminary revenue of $47.4 million. The company's cash operating margins improved to $2,397 per attributable gold equivalent ounce in Q4 2024, up from $1,737 in Q4 2023.
Sandstorm maintains its growth outlook, targeting approximately 125,000 attributable gold equivalent ounces within five years. The company focused on deleveraging in 2024, with approximately $355 million outstanding on its revolving credit facility and $270 million available. Additionally, the company repurchased about 2.0 million shares for $10.8 million during 2024.
Sandstorm Gold Royalties (NYSE: SAND) has announced its fourth quarterly cash dividend for 2024. The company will pay C$0.02 per common share to shareholders of record as of January 21, 2025, with the payment scheduled for January 31, 2025. The dividend qualifies as an 'eligible dividend' under Canadian tax law. Future dividends will be subject to Board approval and may be adjusted based on various factors including financial position, profitability, and cash flow. Non-resident investors will be subject to Canadian withholding taxes.
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.
