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.
Sandstorm Gold Ltd. (NYSE: SAND) announced that Lidya Madencilik Sanayi ve Ticaret A.S. has received final approval for the Environmental Impact Assessment (EIA) of the Hod Maden project from Turkey's Ministry of Environment and Urbanization. This approval is a significant milestone, enabling Lidya to seek final permits and begin long-lead construction items. Results from the Hod Maden Feasibility Study are expected to be released soon, potentially enhancing Sandstorm's project pipeline and operational capacity.
Sandstorm Gold Ltd. has reported its third-quarter results for 2021, showing significant progress, including the initiation of a quarterly dividend program with a proposed dividend of C$0.02 per share starting in Q1 2022. The company's revenue increased to $27.6 million, up from $23.3 million in Q3 2020, attributed to a 29% rise in gold equivalent ounces. Operating cash flow also improved to $20.8 million. However, average realized prices fell by 8%. Sandstorm remains poised for growth with a forecast of 64,000-69,000 attributable gold equivalent ounces for 2021.
Sandstorm Gold Ltd. (NYSE: SAND) will announce its 2021 third quarter results on November 3, 2021, after market hours. A conference call is scheduled for November 4, 2021, at 8:30 am PDT to discuss these results. The company operates as a royalty provider for gold mining firms, with a portfolio featuring 229 royalties, including 28 producing mines. Sandstorm aims to enhance and diversify its low-cost production profile through additional royalty acquisitions.
Sandstorm Gold Ltd. (NYSE: SAND) reported selling approximately 15,500 attributable gold equivalent ounces and generating $27.6 million in preliminary revenue for the three months ended September 30, 2021. The preliminary cost of sales was $3.7 million, which results in cash operating margins of around $1,540 per attributable gold equivalent ounce. These figures may change as they remain unaudited and are subject to quarter-end adjustments.
Sandstorm Gold Ltd. (NYSE: SAND) reported strong second-quarter results for 2021, achieving record attributable gold equivalent ounces of 18,004, up from 10,920 in Q2 2020. Revenues rose to $26.4 million compared to $18.7 million a year earlier. Significant acquisitions during the quarter included over $140 million in stream and royalty transactions, enhancing cash flow and asset diversification. The company's net income increased to $8.6 million, supported by a $5.9 million gain from Vale royalties. Sandstorm forecasts 2021 gold equivalent production between 62,000 and 69,000 ounces.
Sandstorm Gold Ltd. (NYSE: SAND) will release its 2021 second quarter results on August 5, 2021, after market close. A conference call is scheduled for August 6, 2021, at 8:30am PDT to discuss these results. Participants can join via dial-in numbers or a webcast. Sandstorm Gold Royalties focuses on providing upfront financing to gold mining companies, acquiring a portfolio of 229 royalties, with 28 mines currently producing. The company aims to grow its low-cost production profile.
Sandstorm Gold Royalties announced record sales in Q2 2021, selling approximately 18,000 attributable gold equivalent ounces and realizing preliminary revenue of $32.4 million. This marks a significant achievement for the company, demonstrating robust performance. The preliminary cost of sales, excluding depletion, totaled $4.1 million, leading to cash operating margins of around $1,570 per attributable gold equivalent ounce. These figures, although preliminary and subject to final adjustments, highlight the company's strong position in the precious metals sector.
Sandstorm Gold Ltd. has strengthened its portfolio by executing a US$30 million gold stream and royalty agreement with Vatukoula Gold Mines and acquiring a royalty package from Vale S.A. for US$108 million. This enhancement is projected to generate an additional US$12–$15 million annually for the next five years. The VGML Stream will yield fixed gold deliveries starting August 2021, while Vale's royalties are expected to provide revenue from high-quality, long-life assets. Sandstorm has raised its 2021 production guidance to 62,000–69,000 gold equivalent ounces.
On June 11, 2021, Sandstorm Gold Ltd. held its Annual General Meeting of Shareholders, with 54% of issued common shares represented. Shareholders approved all resolutions presented, including the re-election of all director nominees: Nolan Watson, David Awram, David E. De Witt, Andrew T. Swarthout, John P.A. Budreski, Mary L. Little, and Vera Kobalia. Voting results showed strong support for the directors, with Nolan Watson receiving 99.58% approval. Detailed voting results will be available on SEDAR and EDGAR.
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