Sandstorm Gold Stock Price, News & Analysis

Sandstorm Gold Ltd. announces the renewal of its normal course issuer bid (NCIB), set to commence on April 7, 2022, allowing the company to repurchase up to 18.9 million common shares, or about 10% of its outstanding shares. This move follows the expiration of the previous NCIB on April 6, 2022. The decision to purchase shares will depend on market conditions and management's assessment of share undervaluation. In the past year, Sandstorm has bought 4,651,049 shares at an average price of C$7.95 on the TSX.

Sandstorm Gold Ltd. reported record-breaking performance in Q1 2022, with approximately 18,700 attributable gold equivalent ounces sold and $35.3 million in preliminary revenue, surpassing the 17,444 ounces and $31.0 million achieved in Q1 2021. The cost of sales stood at $5.3 million, resulting in cash operating margins of around $1,600 per ounce. This strong performance reflects Sandstorm's effective royalty business model and ongoing growth in the precious metals sector.

Sandstorm Gold Ltd. (NYSE: SAND) declared its second quarterly cash dividend for 2022 of C$0.02 per common share, payable to shareholders on April 29, 2022. Shareholders of record as of April 19, 2022 are eligible. The dividend qualifies as an eligible dividend under Canadian law. Future dividends will be reviewed by the Board and may change based on financial conditions and other relevant factors. Non-resident shareholders may be subject to Canadian withholding taxes.

Sandstorm Gold Ltd. (NYSE: SAND) has released an update highlighting recent developments in its royalty portfolio. Key updates include Lundin Mining's discovery of a high-grade copper-gold system at the Chapada project, with Sandstorm acquiring a copper stream agreement. Additionally, an agreement allows Sandstorm to purchase 20% of silver from Yamana's Cerro Moro mine. The company also holds interests in the advancing MARA project and the Houndé mine, where Endeavour Mining has reported increased mineral resources. Sandstorm continues to diversify its royalty portfolio with strategic agreements.

Sandstorm Gold Ltd. (NYSE: SAND) announced record annual results for 2021, reporting revenue of $114.9 million and a net income of $27.6 million, significantly up from $93.0 million and $13.8 million in 2020. The company achieved a record attributable gold equivalent ounces of 67,548, with fourth-quarter revenue of $29.8 million. Significant acquisitions included a $60 million financing package for the Mercedes gold-silver mine. Outlook for 2022 indicates attributable gold equivalent ounces between 65,000 and 70,000, increasing to over 100,000 by 2025.

On February 17, 2022, Sandstorm Gold Ltd. (NYSE: SAND) announced a letter of intent with Royalty North Partners Ltd. (RNP) to sell its 30% equity interest in the Hod Maden project. In exchange, Sandstorm will receive a US$200 million gold stream and an equity stake in RNP, which will be rebranded as Horizon Copper Corp. This Reverse Takeover is part of Sandstorm's strategy to reposition itself as a pure-play streaming and royalty company, aiming for industry-leading growth. The transaction is expected to close in the second half of 2022.

Sandstorm Gold Ltd. (SAND) will announce its 2021 fourth quarter and annual results on February 17, 2022, after market close. A conference call is scheduled for February 18, 2022, at 8:30 am PST, where further insights into the results will be provided. Sandstorm Gold Royalties operates a portfolio of 230 royalties, with 29 underlying mines currently producing. The company aims to expand its low-cost production through additional royalty acquisitions.

Sandstorm Gold Ltd. reported record achievements in 2021, selling approximately 67,500 attributable gold equivalent ounces and generating preliminary revenue of $114.8 million. The company also recorded total sales, royalties, and income of $120.7 million for the year. In Q4 2021, Sandstorm sold around 16,600 attributable gold equivalent ounces with revenue of $29.8 million and a cash operating margin of approximately $1,570 per ounce. These figures are preliminary and subject to final audit adjustments.

Sandstorm Gold Ltd. announced the completion of the first tranche of its US$30 million Vatukoula stream and royalty agreement for the Vatukoula Mine in Fiji. The Fixed Delivery Stream will start in January 2022, delivering 3,040 ounces annually for the initial 1.5 years, increasing to 5,340 ounces in the subsequent four years. Following this, a Variable Stream will yield 2.9% of gold production up to 100,000 ounces per year. Sandstorm has funded US$27 million of the agreement, with US$3 million expected to be disbursed in Q1 2022.