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Sandstorm Gold Royalties reported financial results for the first quarter of 2024. The revenue was $42.8 million, with 20,316 attributable gold equivalent ounces. The company focused on de-leveraging its balance sheet and made $20 million in net repayments. Additionally, they announced the sale of non-core assets for $21.0 million and the renewal of the Normal Course Issuer Bid. The outlook for 2024 forecasts between 75,000 and 90,000 attributable gold equivalent ounces.
Sandstorm Gold Royalties announced the sale of non-core, non-precious metals assets for $21.0 million and renewed its Normal Course Issuer Bid. The company sold over $50 million of assets since 2023, focusing on deleveraging and share repurchases. The sale includes royalties on copper, lithium, and nickel projects, with no further asset monetization planned. The company maintains its 2024 production guidance and aims for accelerated investment in higher-returning initiatives.