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.
Sandstorm Gold Ltd. (NYSE: SAND) will release its second quarter results on August 11, 2022. The company has received favorable recommendations from Institutional Shareholder Services and Glass Lewis to vote for the acquisition of Nomad Royalty Company Ltd., with existing Sandstorm and Nomad shareholders expected to own 73% and 27% of the new entity post-acquisition. Regulatory approvals have been secured, including from South African authorities and the NYSE. A special meeting for shareholders is set for August 9, 2022, to discuss the acquisition.
On July 12, 2022, Sandstorm Gold Ltd. closed the acquisition of nine royalties and one stream from BaseCore Metals LP for US$425 million. This payment was partially funded through an upsized credit facility, alongside the issuance of approximately 13.5 million common shares to BaseCore. Sandstorm's President and CEO, Nolan Watson, stated that this addition is crucial for immediate and long-term growth, positioning Sandstorm as a leading mid-tier royalty company. The shares issued will have a four-month hold period as per Canadian securities laws.
On July 5, 2022, Sandstorm Gold Royalties announced record sales and revenue for the second quarter of 2022. The company sold approximately 19,200 attributable gold equivalent ounces, realizing preliminary revenue of $36.0 million. This marks a significant increase from $26.4 million in revenue for the same period in 2021. Preliminary costs of sales were $5.3 million, leading to cash operating margins of about $1,590 per attributable gold ounce sold. The company aims to expand its low-cost production profile by acquiring additional gold royalties.
Sandstorm Gold Ltd. has declared a cash dividend of C$0.02 per common share for the third quarter of 2022. Shareholders of record as of July 19, 2022 will receive the dividend on July 29, 2022. The dividend qualifies as an eligible dividend under Canadian tax law. Future dividends are subject to the Board's discretion and may change based on the company's financial status, profitability, and other factors. Non-resident shareholders may incur Canadian withholding taxes on dividends.
The Annual General Meeting of Sandstorm Gold Ltd. took place on June 3, 2022, in Vancouver, where 55% of issued common shares were represented. Shareholders overwhelmingly approved all resolutions, including the re-election of all director nominees. Notable votes included Nolan Watson with 98.7% support and David Awram with 91.71%. Sandstorm aims to enhance its portfolio of over 250 royalties and focuses on low-cost production through further acquisitions. Detailed voting results will be accessible via SEDAR and EDGAR.
Sandstorm Gold Ltd. (SAND) announced the divestment of its approximately 25% stake in Entrée Resources Ltd. to Horizon Copper for a deemed value of C$0.87 per share. This transaction, valued at C$43.2 million, is for 49,672,515 shares, structured through a secured promissory note. Following this Disposition, Sandstorm will hold no Entrée Shares, only 1,200,000 Entrée Warrants, representing approximately 0.6% of outstanding shares. The transaction is expected to complete around May 31, 2022, subject to regulatory approval.
On May 26, 2022, Sandstorm Gold Ltd. (NYSE: SAND) and Equinox Gold Corp. announced the formation of Sandbox Royalties Corp., a diversified metals royalty company. The two have entered into agreements with Rosedale Resources Ltd. to transfer royalty portfolios valued at $65 million and $28.4 million respectively. Sandbox will provide exposure to multiple resources and plans to list publicly. Key management will lead from experienced backgrounds, aiming for strong growth in favorable jurisdictions.
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.