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) reported record results for the year ending December 31, 2022. Highlights include a record 82,376 attributable gold equivalent ounces, generating revenue of $148.7 million, a 29% increase from 2021. Cash flows from operations reached $109.8 million, while net income rose to $78.5 million, up from $27.6 million in 2021. The company made significant acquisitions, including Nomad Royalty Company, enhancing production capacity. Despite a net loss of $2.1 million in Q4 2022, attributable gold equivalent ounces for 2023 are forecasted to be between 85,000 and 100,000 ounces. Overall, Sandstorm is strategically positioned for growth.
Sandstorm Gold Ltd. (NYSE: SAND) will announce its 2022 fourth quarter and annual results on
Sandstorm Gold Ltd. (NYSE: SAND) reported record sales and revenue for 2022, achieving approximately 82,400 attributable gold equivalent ounces and preliminary revenue of $148.7 million. This reflects significant growth from 67,548 ounces and $114.9 million in 2021. The cost of sales was $23.4 million, resulting in cash operating margins of $1,511 per gold equivalent ounce. For Q4 2022, sales were about 21,800 ounces with revenue of $38.4 million, compared to 16,586 ounces and $29.8 million in Q4 2021. These preliminary figures are subject to change pending final adjustments.
Sandstorm Gold Ltd. has announced its first quarterly cash dividend for 2023, set at C$0.02 per common share, payable on January 27, 2023, to shareholders of record as of January 17, 2023. This dividend qualifies as an 'eligible dividend' under Canada's Income Tax Act. Future dividends will depend on the Board's approval and the company's financial health, profitability, and other relevant factors. The company holds a portfolio of 250 royalties, with 39 mines currently producing.
Sandstorm Gold announced its third-quarter results for 2022, achieving record revenue of $39.0 million, up from $27.6 million in Q3 2021. The firm reported 22,606 attributable gold equivalent ounces, a substantial increase from 15,514 ounces a year earlier. Operating cash flows rose to $31.3 million from $20.8 million. Net income surged to $31.7 million compared to $6.6 million in Q3 2021. The company also successfully closed acquisitions of Nomad and BaseCore, enhancing its portfolio. Looking ahead, Sandstorm forecasts 80,000 to 85,000 attributable ounces for 2022 and over 150,000 ounces by 2025.
Sandstorm Gold Ltd. (NYSE: SAND) announced significant updates on its royalty portfolio. The Hod Maden project in Turkey has received all major permits and commenced early construction work. The Greenstone project in Ontario is 46% complete, aiming for its first gold pour in early 2024, with a production target exceeding 400,000 ounces annually. Lundin Gold raised its production guidance at Fruta del Norte to between 430,000 and 460,000 ounces. Various projects in Sandstorm's portfolio, including Bayan Khundii and Minyari Dome, are advancing positively.
Sandstorm Gold Royalties reported record sales in Q3 2022, selling approximately 22,600 attributable gold equivalent ounces and generating $38.9 million in revenue, compared to 15,514 ounces and $27.6 million in Q3 2021. The cost of sales, excluding depletion, was $7.3 million, yielding cash operating margins of about $1,383 per ounce. This performance reflects significant growth in both sales volume and revenue, highlighting the company's successful strategy in the precious metals sector.
Sandstorm Gold Ltd. (NYSE: SAND) has completed its bought deal financing, raising approximately US$92 million through the sale of 18,055,000 common shares at US$5.10 per share. The proceeds will be allocated for future acquisitions of streams and royalties, repayment of the revolving credit facility, and general working capital needs. This financing was facilitated by a syndicate of underwriters, co-led by BMO Capital Markets and Scotiabank, and was conducted under a prospectus dated September 28, 2022.
Sandstorm Gold Ltd. (NYSE: SAND) has declared a fourth quarterly cash dividend of C$0.02 per common share for 2022, payable to shareholders of record by October 18, 2022. The payment is scheduled for October 28, 2022. The Board will review future dividends based on various financial factors, with no guarantee of future payments. Dividends for non-resident investors may incur Canadian withholding taxes. Sandstorm holds 250 royalties, with 39 mines currently in production, aiming to expand its low-cost production profile.
Sandstorm Gold Royalties has entered a bought deal agreement with underwriters led by BMO Capital Markets to sell 15,700,000 common shares at $5.10 each, generating approximately $80 million. An over-allotment option allows underwriters to purchase an additional 15% of the offering within 30 days. The offering is expected to close on October 4, 2022, pending regulatory approvals. Proceeds will contribute to future streams and royalties acquisitions, pay down credit facilities, and cover general working capital.
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