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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, 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.
Sandstorm Gold Ltd. (NYSE: SAND) reported Q3 2020 sales of 12,100 gold equivalent ounces, generating preliminary revenue of $23.3 million and cash operating margins of approximately $1,670 per ounce.
The Hod Maden project is advancing, with an Environmental Impact Assessment draft expected by Q4 2020 and production projected for late 2023. Other updates include Lundin Gold's exploration permit for Barbasco and temporary production interruptions at the Chapada mine, impacting Sandstorm's copper stream agreement. Sandstorm is recognized as a TSX Top-30 performer.