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, TSX: SSL) operates in the gold streaming business, providing financing to gold mining companies to help advance projects into production. In return, Sandstorm receives gold streaming agreements, allowing the company to purchase a percentage of gold produced at a mine at a fixed price for the life of the asset.
Sandstorm does not own or operate any gold mining projects but builds a low-cost production profile through acquiring gold streams. The company has a diversified portfolio with approximately 250 royalties, of which 40 underlying mines are in production.
Geographically, Sandstorm Gold Ltd has operational footprints across North America, South & Central America, Africa, and Asia & Australia. Notable assets include royalties on the Hod Maden, Santa Elena, Chapada, Platreef, Greenstone, and Cerro Moro mines.
The company is focused on growing and diversifying its low-cost production profile by acquiring additional gold royalties, planning to reach approximately 125,000 attributable gold equivalent ounces in the next five years.
In recent achievements, Sandstorm announced its first quarterly cash dividend for 2024 at C$0.02 per common share, marking a significant milestone in shareholder returns. The company also reported record revenues and gold equivalent ounces sold for the year 2023, demonstrating strong financial performance and operational efficiency.
Sandstorm’s financial results for Q1 2024 highlighted continued growth, with a focus on improving cash flows and reducing debt through strategic asset sales and share buyback programs.
Key latest news updates include:
- December 18, 2023: Sandstorm declared its first quarterly cash dividend for 2024.
- January 8, 2024: Reported record sales and revenue figures for the year ended December 31, 2023.
- February 8, 2024: Announced Q4 and annual results for 2023.
- April 8, 2024: Reported Q1 preliminary sales and revenue figures.
- May 2, 2024: Released Q1 2024 financial results and announced the sale of non-core asset royalties.
For more information, visit the official website at www.sandstormgold.com or contact info@sandstormgold.com.
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