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.
Sandstorm Gold Ltd (NYSE: SAND) provides investors with transparent access to corporate developments through this centralized news hub. Track official announcements detailing gold streaming agreements, royalty acquisitions, and strategic portfolio updates from the pioneering precious metals financier.
Discover timely updates on mine financing partnerships, production milestones from streaming contracts, and financial performance reports. This resource consolidates press releases related to asset diversification across North American, South American, and global mining projects while maintaining focus on SAND's capital-efficient business model.
Key updates include new streaming agreements, royalty portfolio expansions, quarterly financial disclosures, and management commentary. Investors benefit from direct access to primary sources without operational noise typical of traditional mining companies.
Bookmark this page for efficient tracking of SAND's non-operational growth strategy and its evolving position in commodity finance markets. Regular updates ensure informed analysis of the company's unique approach to precious metals exposure.
Sandstorm Gold Royalties (NYSE: SAND) has provided updates on several key assets in its portfolio. At Fruta del Norte, Inferred Resources increased 59% to 2.36 Moz gold, with Proven and Probable Reserves growing to 5.54 Moz. The Platreef mine expansion studies target Phase 1 production in Q4 2025 and Phase 2 in Q4 2027, with projected gold production increasing from 6,900 oz to 29,000 oz annually.
In Argentina, the Gualcamayo Deep Carbonates Project submitted a $1 billion investment plan under the new RIGI program, expecting to produce 120,000 oz gold annually for 17+ years. The MARA copper-gold project plans to submit its RIGI application in H1 2025. Greenstone mine targets 300,000-350,000 gold ounces in 2025, while the Woodlawn copper-zinc mine restart is 70% complete with first production expected in June 2025.
Sandstorm Gold Royalties reported its 2024 financial results with annual revenue of $176.3 million and Q4 revenue of $47.4 million. The company achieved 72,810 attributable gold equivalent ounces for the year, with record cash operating margins of $2,097 per ounce. Annual net income was $15.5 million.
The company focused on strengthening its balance sheet, making $80 million in net debt repayments in 2024 and an additional $15 million subsequently. Shareholder returns included $17.5 million in dividends and $10.9 million in share repurchases. The company forecasts 65,000-80,000 attributable gold equivalent ounces for 2025 and projects approximately 150,000 ounces by 2030.
Key developments included first gold deliveries from Greenstone mine, Antamina mine's operations extension to 2036, and advancement of several development projects including Platreef, Robertson, and Hod Maden.
Sandstorm Gold Royalties (NYSE: SAND) has reported its preliminary sales and revenue figures for 2024. The company sold approximately 72,800 attributable gold equivalent ounces with preliminary revenue of $176.3 million for the full year 2024, compared to 97,245 ounces and $179.6 million in 2023.
For Q4 2024, the company sold about 17,700 attributable gold equivalent ounces with preliminary revenue of $47.4 million. The company's cash operating margins improved to $2,397 per attributable gold equivalent ounce in Q4 2024, up from $1,737 in Q4 2023.
Sandstorm maintains its growth outlook, targeting approximately 125,000 attributable gold equivalent ounces within five years. The company focused on deleveraging in 2024, with approximately $355 million outstanding on its revolving credit facility and $270 million available. Additionally, the company repurchased about 2.0 million shares for $10.8 million during 2024.
Sandstorm Gold Royalties (NYSE: SAND) has announced its fourth quarterly cash dividend for 2024. The company will pay C$0.02 per common share to shareholders of record as of January 21, 2025, with the payment scheduled for January 31, 2025. The dividend qualifies as an 'eligible dividend' under Canadian tax law. Future dividends will be subject to Board approval and may be adjusted based on various factors including financial position, profitability, and cash flow. Non-resident investors will be subject to Canadian withholding taxes.
Sandstorm Gold Royalties (NYSE: SAND) has announced key corporate updates. The company has implemented an Automatic Share Purchase Plan (ASPP) to facilitate share repurchases under its Normal Course Issuer Bid (NCIB), allowing purchases of up to 10.0 million common shares. Since May 7, 2024, the company has already purchased 1,578,800 shares at average prices of C$7.58 and US$5.47.
Additionally, Sandstorm has renewed its revolving credit facility of US$625 million with improved terms, including reduced interest rates of SOFR plus 1.75%–2.75% per annum, representing a 75-basis point reduction at the upper end. The facility maintains sustainability-linked incentive pricing and matures in December 2028.
The company's ATM equity program expired on October 22, 2024, with no shares issued, and there are no plans for renewal.
Sandstorm Gold Royalties (NYSE: SAND) has reported significant exploration and development updates across its royalty portfolio. At Fruta del Norte, high-grade drilling results showed 22.67 g/t gold over 41.6 metres, confirming mineralization continuity. The Bonikro gold mine advanced exploration with 231 holes completed at Hire. Minyari Dome project reported a 33% increase in gold resources to 2.3 Moz. The Odienné project revealed impressive results including 14.7 g/t gold over 59 metres. Troilus Gold secured Letters of Intent for up to $1.3 billion in project financing from various export credit agencies.
Sandstorm Gold Royalties (NYSE: SAND) announced several updates across its portfolio. The Robertson mine received final federal permit approval, with production expected in 2027. At Hod Maden, site preparation continues with $10.9 million spent in Q3 2024. Underground development commenced at Hugo North Extension, with high-grade drilling results reported. Aurizona plans to restart mining at Piaba pit in Q4 2024 following remediation. Chapada achieved 46% reduction in mining costs through optimization. Coringa released an updated PEA projecting 36,000 oz annual gold production between 2026-2031.
Sandstorm Gold Royalties (NYSE: SAND) reported Q3 2024 financial results with revenue of $44.7 million, up from $41.3 million in Q3 2023. The company achieved 17,359 attributable gold equivalent ounces, down from 21,123 ounces year-over-year. Cash operating margins reached a record $2,215 per attributable gold equivalent ounce. Net income was $5.8 million compared to $0.01 million in Q3 2023. The company received first gold deliveries from Greenstone following commercial production announcement. For 2024, production guidance is set at 70,000-75,000 attributable gold equivalent ounces, with a five-year target of 125,000 ounces.
Sandstorm Gold Royalties (NYSE: SAND, TSX: SSL) reported its Q3 2024 sales and revenue figures. The company sold approximately 17,350 attributable gold equivalent ounces, generating preliminary revenue of $44.7 million. In comparison, Q3 2023 saw sales of 21,123 ounces and $41.3 million in revenue. The preliminary cost of sales, excluding depletion, was $5.3 million, resulting in cash operating margins of $2,215 per attributable gold equivalent ounce, up from $1,699 in Q3 2023. Full financial results will be released on November 7, 2024, followed by a conference call on November 8, 2024.
Sandstorm Gold Royalties (NYSE: SAND, TSX: SSL) has declared its fourth quarterly cash dividend for 2024. The dividend of C$0.02 per common share will be paid on October 25, 2024, to shareholders of record as of October 15, 2024. This qualifies as an "eligible dividend" under the Canadian Income Tax Act. The company's Board of Directors will review the dividend program regularly and may make changes based on various factors, including financial position and profitability.
Sandstorm is a precious metals-focused royalty company with a portfolio of over 230 royalties, 41 of which are from producing mines. The company aims to grow and diversify its production profile through acquiring additional gold royalties.
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