Sandstorm Gold Stock Price, News & Analysis

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.

Sandstorm Gold Ltd. (SAND) reported record results for Q1 2021, with 17,444 gold equivalent ounces sold, generating $31.0 million in revenue, up from $21.3 million in Q1 2020. Cash flows from operating activities reached $23.0 million, and net income rose to $5.0 million from a net loss of $10.3 million a year earlier. With a strong balance sheet of over $140 million in cash and equity, Sandstorm forecasts gold equivalent ounces sold for 2021 between 55,000 and 62,000.