Sandstorm Gold Stock Price, News & Analysis

Equinox Gold Corp. (TSX: EQX, NYSE: EQX) and Sandstorm Gold Ltd. (NYSE: SAND, TSX: SSL) announced the formation of Sandbox Royalties Corp., a new diversified metals royalty company. Rosedale Resources Ltd. will acquire royalties from Equinox Gold and Sandstorm for a total of $93.4 million. Sandbox will hold a diversified portfolio of 23 royalties across various metals, providing immediate cash flow and exposure to resource growth. Equinox and Sandstorm will retain significant ownership stake of 30% and 34%, respectively, in Sandbox, supporting future growth.

Sandstorm Gold Ltd. (NYSE: SAND) reported record first-quarter results for 2022, with attributable gold equivalent ounces reaching 18,741, up from 17,444 in Q1 2021. Revenue surged to $35.4 million, a 14% increase year-over-year, driven by higher gold prices and sales from new royalties. Net income rose to $9.1 million, reflecting improved operational cash flows of $26.7 million. The company announced a portfolio transformation worth $1.1 billion and successfully upsized its credit facility to $625 million. For 2022, Sandstorm forecasts attributable production between 80,000 and 85,000 ounces.

Sandstorm Gold Royalties (NYSE: SAND) will announce its first quarter results for 2022 on May 11, 2022, after market close. A conference call to discuss these results is scheduled for May 12, 2022, at 8:30 AM PDT. Investors can join the call using the provided dial-in numbers or via webcast. Following recent acquisitions announced on May 2, 2022, Sandstorm will hold a portfolio of 260 royalties, with 39 mines currently in production, indicating continued growth and diversification in its production profile.

Sandstorm Gold Ltd. announced significant portfolio growth via two major transactions. The company will acquire Nomad Royalty Company for approximately $590 million and a Royalty Package from BaseCore Metals for $525 million. These acquisitions are anticipated to substantially increase Sandstorm's production by over 85% by 2025, boosting its gold equivalent production guidance to 80,000-85,000 ounces for 2022. The deals will create a diversified portfolio with 260 royalties and streams, enhancing Sandstorm's status as a leading mid-tier royalty company.

Sandstorm Gold Ltd. announces the renewal of its normal course issuer bid (NCIB), set to commence on April 7, 2022, allowing the company to repurchase up to 18.9 million common shares, or about 10% of its outstanding shares. This move follows the expiration of the previous NCIB on April 6, 2022. The decision to purchase shares will depend on market conditions and management's assessment of share undervaluation. In the past year, Sandstorm has bought 4,651,049 shares at an average price of C$7.95 on the TSX.

Sandstorm Gold Ltd. reported record-breaking performance in Q1 2022, with approximately 18,700 attributable gold equivalent ounces sold and $35.3 million in preliminary revenue, surpassing the 17,444 ounces and $31.0 million achieved in Q1 2021. The cost of sales stood at $5.3 million, resulting in cash operating margins of around $1,600 per ounce. This strong performance reflects Sandstorm's effective royalty business model and ongoing growth in the precious metals sector.

Sandstorm Gold Ltd. (NYSE: SAND) declared its second quarterly cash dividend for 2022 of C$0.02 per common share, payable to shareholders on April 29, 2022. Shareholders of record as of April 19, 2022 are eligible. The dividend qualifies as an eligible dividend under Canadian law. Future dividends will be reviewed by the Board and may change based on financial conditions and other relevant factors. Non-resident shareholders may be subject to Canadian withholding taxes.

Sandstorm Gold Ltd. (NYSE: SAND) has released an update highlighting recent developments in its royalty portfolio. Key updates include Lundin Mining's discovery of a high-grade copper-gold system at the Chapada project, with Sandstorm acquiring a copper stream agreement. Additionally, an agreement allows Sandstorm to purchase 20% of silver from Yamana's Cerro Moro mine. The company also holds interests in the advancing MARA project and the Houndé mine, where Endeavour Mining has reported increased mineral resources. Sandstorm continues to diversify its royalty portfolio with strategic agreements.

Sandstorm Gold Ltd. (NYSE: SAND) announced record annual results for 2021, reporting revenue of $114.9 million and a net income of $27.6 million, significantly up from $93.0 million and $13.8 million in 2020. The company achieved a record attributable gold equivalent ounces of 67,548, with fourth-quarter revenue of $29.8 million. Significant acquisitions included a $60 million financing package for the Mercedes gold-silver mine. Outlook for 2022 indicates attributable gold equivalent ounces between 65,000 and 70,000, increasing to over 100,000 by 2025.