Sandstorm Gold Ltd - SAND STOCK NEWS

Sandstorm Gold Royalties has entered a bought deal agreement with underwriters led by BMO Capital Markets to sell 15,700,000 common shares at $5.10 each, generating approximately $80 million. An over-allotment option allows underwriters to purchase an additional 15% of the offering within 30 days. The offering is expected to close on October 4, 2022, pending regulatory approvals. Proceeds will contribute to future streams and royalties acquisitions, pay down credit facilities, and cover general working capital.

Sandstorm Gold Ltd. (NYSE: SAND) announced the successful completion of RTO Part A, involving the sale of its 30% interest in the Hod Maden project to Horizon Copper. This transaction includes a $200 million gold stream on Hod Maden's production. Sandstorm received an approximate 34% equity interest in Horizon, a $95 million secured convertible promissory note, and $10 million in cash. The Hod Maden Gold Stream will deliver 20% of gold produced at 50% of the spot price until 405,000 ounces, after which it will reduce to 12% at 60% of the spot price.

On August 15, 2022, Sandstorm Gold Royalties (NYSE: SAND) announced the successful completion of its acquisition of Nomad Royalty Company Ltd. (NYSE: NSR). This acquisition involved the issuance of approximately 74.4 million common shares at an exchange ratio of 1.21 Sandstorm Shares for each Nomad Share. The transaction is expected to enhance Sandstorm's position as a leading mid-tier royalty company, increasing its revenue from precious metals to nearly 90% by 2025 and anticipating over 85% production growth in the same period.

Sandstorm Gold Ltd. (NYSE: SAND) reported record results for the second quarter of 2022, ending June 30. Key highlights include 19,276 attributable gold equivalent ounces, up from 18,004 in Q2 2021, and a record revenue of $36.0 million compared to $26.4 million year-over-year. Operating cash flows increased to $21.9 million, and net income soared to $39.7 million from $8.6 million in the previous year. Transformative transactions included agreements for future growth, such as the acquisition of Nomad Royalty Company. The company forecasts 80,000 to 85,000 ounces for 2022 and 155,000 ounces in 2025.

On August 9, 2022, Sandstorm Gold Ltd. shareholders approved the resolution to acquire all outstanding shares of Nomad Royalty Company Ltd. at an exchange ratio of 1.21 Sandstorm Shares for each Nomad share. This acquisition was overwhelmingly supported, with 99% of votes cast in favor. The transaction awaits final court approval expected on August 12, 2022, with completion anticipated around August 15, 2022. Management believes the merger will enhance their portfolio, leading to a stronger, diversified royalty company.

Sandstorm Gold Ltd. (NYSE: SAND) will release its second quarter results on August 11, 2022. The company has received favorable recommendations from Institutional Shareholder Services and Glass Lewis to vote for the acquisition of Nomad Royalty Company Ltd., with existing Sandstorm and Nomad shareholders expected to own 73% and 27% of the new entity post-acquisition. Regulatory approvals have been secured, including from South African authorities and the NYSE. A special meeting for shareholders is set for August 9, 2022, to discuss the acquisition.

On July 12, 2022, Sandstorm Gold Ltd. closed the acquisition of nine royalties and one stream from BaseCore Metals LP for US$425 million. This payment was partially funded through an upsized credit facility, alongside the issuance of approximately 13.5 million common shares to BaseCore. Sandstorm's President and CEO, Nolan Watson, stated that this addition is crucial for immediate and long-term growth, positioning Sandstorm as a leading mid-tier royalty company. The shares issued will have a four-month hold period as per Canadian securities laws.

On July 5, 2022, Sandstorm Gold Royalties announced record sales and revenue for the second quarter of 2022. The company sold approximately 19,200 attributable gold equivalent ounces, realizing preliminary revenue of $36.0 million. This marks a significant increase from $26.4 million in revenue for the same period in 2021. Preliminary costs of sales were $5.3 million, leading to cash operating margins of about $1,590 per attributable gold ounce sold. The company aims to expand its low-cost production profile by acquiring additional gold royalties.

Sandstorm Gold Ltd. has declared a cash dividend of C$0.02 per common share for the third quarter of 2022. Shareholders of record as of July 19, 2022 will receive the dividend on July 29, 2022. The dividend qualifies as an eligible dividend under Canadian tax law. Future dividends are subject to the Board's discretion and may change based on the company's financial status, profitability, and other factors. Non-resident shareholders may incur Canadian withholding taxes on dividends.