Welcome to our dedicated page for Sandstorm Gold news (Ticker: SAND), a resource for investors and traders seeking the latest updates and insights on Sandstorm Gold stock.
The news archive for Sandstorm Gold Ltd. (Sandstorm Gold Royalties, SAND) captures the company’s public announcements during its time as a listed precious metals-focused royalty company and through its acquisition by Royal Gold, Inc. Sandstorm’s releases describe a business model centered on providing upfront financing to mining companies in exchange for the right to a percentage of mine production for the life of the mine. The company reported that it held a portfolio of approximately 230 royalties, with about 40 producing mines.
In this news history, readers will find transaction and corporate development updates, including the plan of arrangement under which Royal Gold agreed to acquire all of the issued and outstanding common shares of Sandstorm. Several 2025 press releases detail shareholder approval of the arrangement, court approval, and the closing of the transaction, along with the exchange ratio of 0.0625 of a Royal Gold common share for each Sandstorm share. These items also discuss expectations for delisting Sandstorm’s shares from the Toronto Stock Exchange and the New York Stock Exchange and the intention to cease being a reporting issuer.
The archive also includes operational and financial news, such as announcements of record quarterly revenue, production in attributable gold equivalent ounces, and declared cash dividends. Additional releases outline Sandstorm’s perspective on growth opportunities within its royalty and streaming portfolio and its support for Royal Gold’s acquisition of a gold stream on the Kansanshi copper-gold mine, in the context of the broader combination of the two companies.
Because Sandstorm has since been acquired and its shares delisted, this page functions as a historical news record for the former SAND listing. Investors and researchers can use these archived articles to understand Sandstorm’s royalty-focused business model, the evolution of its portfolio, and the steps that led to its combination with Royal Gold.
Royal Gold has announced the acquisition of Sandstorm Gold Royalties (NYSE: SAND) in an all-share transaction valued at approximately $3.5 billion. Sandstorm shareholders will receive 0.0625 Royal Gold shares for each Sandstorm share, representing a 21% premium to the 20-day VWAP. Concurrently, Royal Gold will acquire Horizon Copper in an all-cash transaction valued at $196 million.
The combined entity will create the world's most diversified, large-scale precious metals streaming and royalty company with 393 royalties and streams, including 80 cash-flowing assets. The pro-forma 2025 revenue mix is expected to be 87% precious metals, with 75% from gold. Upon completion, existing Royal Gold and Sandstorm shareholders will own approximately 77% and 23% of the combined company, respectively.
Sandstorm Gold Royalties (NYSE: SAND) has announced its second quarterly dividend for 2025. The company will pay a cash dividend of C$0.02 per common share to shareholders of record as of July 15, 2025, with the payment scheduled for July 25, 2025.
The dividend qualifies as an "eligible dividend" under Canadian tax law, though non-resident investors will be subject to Canadian withholding taxes. The company maintains flexibility to modify its dividend program based on various factors including financial position, profitability, and cash flow.
Sandstorm Gold Royalties (NYSE: SAND) has reported strong preliminary results for Q1 2025, achieving record revenue of $50.1 million from approximately 18,500 attributable gold equivalent ounces sold. This represents an increase from $42.8 million in revenue and 20,316 ounces in Q1 2024.
The company achieved record preliminary total sales, royalties, and income of $54.1 million, with record cash operating margins of $2,507 per attributable gold equivalent ounce. Cost of sales, excluding depletion, was $6.9 million for the quarter.
In a significant capital allocation move, Sandstorm repurchased and cancelled approximately 3.1 million common shares for $19.0 million during Q1 2025. The company maintains a revolving credit facility with an outstanding balance of $340 million and an available balance of $285 million. Full Q1 2025 results will be released on May 6, 2025.
Sandstorm Gold Royalties (NYSE: SAND) announces significant developments for the Hod Maden gold-copper project in Türkiye. The joint venture has approved early-works capital investments of US$60-$100 million for 2025, supplementing the US$42 million development costs from 2024. The project's critical path items, focusing on road and tunnel construction, will be prioritized.
Technical work and infill drilling continue to validate previous due diligence outcomes, with SSR Mining planning an initial exploration program for deposit extension. The company maintains its forecast for first production in 2028. Sandstorm holds a 2.0% net smelter returns royalty and a gold stream agreement, allowing purchase of 20% of all gold produced at 50% of spot price until 405,000 ounces, followed by 12% of gold at 60% of spot price for the mine's lifetime.
Sandstorm Gold Royalties (NYSE: SAND) has announced its first quarterly dividend for 2025. The company will distribute C$0.02 per common share to shareholders of record as of April 14, 2025, with payment scheduled for April 25, 2025.
The dividend qualifies as an 'eligible dividend' under the Canadian Income Tax Act. Shareholders outside Canada will be subject to non-resident withholding taxes. The company notes that future dividends will be subject to Board approval and may be amended based on various factors including financial position, capital allocation, profitability, cash flow, and debt covenant compliance.
Sandstorm Gold Royalties (NYSE: SAND) has announced the early renewal of its Normal Course Issuer Bid (NCIB) and Automatic Share Purchase Plan (ASPP). Under the new NCIB, Sandstorm can purchase up to 20 million common shares, representing approximately 7% of the company's issued and outstanding shares.
The new NCIB will run from March 27, 2025, to March 26, 2026. The company has already purchased 4.83 million shares under its previous NCIB at average prices of C$8.18 on TSX and US$5.96 on NYSE. Daily purchase limits are set at 73,110 shares on TSX and 25% of average daily trading volume on NYSE.
The renewed ASPP allows for purchasing up to 15 million common shares during blackout periods, with purchases executed through the company's broker based on pre-established parameters. Sandstorm believes its shares may not fully reflect their intrinsic value and views the repurchase program as a strategic use of capital.