Sandstorm Gold Stock Price, News & Analysis

Sandstorm Gold Ltd. (NYSE: SAND) reported record sales of approximately 17,400 attributable gold equivalent ounces and preliminary revenue of $31.0 million for Q1 2021, with a cash operating margin of $1,470 per ounce. The renewal of its normal course issuer bid allows repurchase of up to 19.1 million shares. The previous year saw 800,366 shares bought at an average price of C$7.94. Sandstorm aims to utilize its NCIB to purchase shares deemed undervalued, starting April 7, 2021.

Sandstorm Gold Ltd. announces the acquisition of 5,073,798 common shares and 1,200,000 share purchase warrants of Entrée Resources Ltd., increasing its stake to approximately 21.9% of Entrée's outstanding shares. Prior to this, Sandstorm held 20.4% of Entrée's shares, and the new purchase positions it to own 22.6% if all warrants are exercised. The shares were acquired through a private placement and open market purchases, with prices ranging from C$0.29 to C$0.65 per share. Sandstorm may consider acquiring more Entrée securities based on market conditions.

Sandstorm Gold Ltd. (SAND, SSL) announced its Q4 and FY 2020 results, reporting a record revenue of $29.7 million for Q4 and $93.0 million for the year, up from $24.0 million and $89.4 million in the previous year. Net income rose to $10.5 million in Q4, despite a decrease in attributable gold equivalent ounces sold, totaling 15,795 in Q4 and 52,176 for the year. The company maintained a strong balance sheet with over $110 million in cash. Future projections indicate estimated attributable gold equivalent ounces sold will range between 52,000 and 62,000 for 2021.

Sandstorm Gold Ltd. (NYSE: SAND, TSX: SSL) will release its fourth quarter and annual results for 2020 on February 11, 2021, after market close. A conference call will follow on February 12, 2021, at 8:30 AM PST for further discussion on the results. Interested participants can join via dial-in or webcast. Sandstorm is a gold royalty company that provides financing to gold mining firms in exchange for a percentage of gold produced. It holds a portfolio of 201 royalties, with 24 mines currently producing.

Sandstorm Gold Ltd. (NYSE: SAND, TSX: SSL) provides an update on its royalty portfolio, highlighting key developments. Lundin Gold plans a 20% throughput expansion at Fruta del Norte, with 2021 gold production guidance of 380,000 to 420,000 ounces. Equinox Gold released positive drill results from the Aurizona mine, planning a $7.3 million exploration program for 2021. Endeavour Mining expects to produce 2.3 million ounces at Houndé through 2031. Sandstorm holds significant NSR royalties on these projects, indicating potential revenue growth.

Sandstorm Gold Ltd. reported a strong performance for 2020, selling approximately 52,200 attributable gold equivalent ounces and achieving record revenue of $93.0 million. In Q4 2020, the company sold about 15,800 gold equivalent ounces with preliminary revenue of $29.7 million. The cash operating margin for this period was approximately $1,630 per ounce after costs of $3.9 million. Sandstorm operates a portfolio of 201 royalties, with plans to expand its low-cost production profile through additional acquisitions.

Sandstorm Gold Ltd. reported its Q3 2020 results, revealing total revenue of $23.3 million, down from $25.8 million in Q3 2019, attributed to a 30% decrease in attributable gold equivalent ounces sold (12,068 ounces). Despite this, net income rose slightly to $6.5 million due to lower expenses. The company holds over $70 million in cash and has plans to enhance growth through monetization of non-core assets, bringing in over $15 million in cash. However, Q4 2020 production guidance has been retracted due to pandemic uncertainties.

Sandstorm Gold Royalties (NYSE: SAND, TSX: SSL) will release its Q3 2020 results on October 29, 2020, post-market. A conference call is scheduled for October 30, 2020, at 8:30 am PDT to discuss the results further. Sandstorm, a gold royalty company, finances mining firms and secures royalties on gold production. The company currently holds 202 royalties, with 24 mines in production. Their strategy includes expanding and diversifying their production profile through additional royalty acquisitions.

Sandstorm Gold Ltd. has announced instructions for exercising warrants expiring on November 3, 2020, at 4:30 pm EST. Each warrant allows the purchase of one common share at a price of US$4.00. Holders of certificated warrants must submit the original warrant certificate, a completed subscription form, exercise funds, and delivery instructions to the warrant agent. For electronic warrants, brokerage firms must notify CDS of the exercise intention. The Common Shares are registered under the U.S. Securities Act, and further details are available on SEDAR and EDGAR.