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Sandstorm Gold Ltd. reported developments tied to its precious metals royalty business and its completed acquisition by Royal Gold. The company provided upfront financing to mining companies in exchange for rights to a percentage of mine production for the life of the mine, with news covering royalty and stream exposure, quarterly dividends, sales, revenue and credit-facility disclosures.
Later company updates centered on the statutory plan of arrangement through which Royal Gold indirectly acquired all issued and outstanding Sandstorm common shares. Subsequent disclosures addressed shareholder voting, court and regulatory approvals, delisting of the shares, and the steps to cease public reporting and deregister the securities.
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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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.
Sandstorm Gold Royalties (NYSE: SAND) will announce its 2021 first quarter results on April 29, 2021, after market close. A conference call to discuss these results is scheduled for April 30, 2021, at 8:30am PDT. Participants can join via dial-in numbers or through a webcast. Sandstorm is a gold royalty company that provides financing to mining companies in exchange for a percentage of gold production. It has a diverse portfolio of 200 royalties, with 24 mines currently producing.
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.