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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.
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On February 17, 2022, Sandstorm Gold Ltd. (NYSE: SAND) announced a letter of intent with Royalty North Partners Ltd. (RNP) to sell its 30% equity interest in the Hod Maden project. In exchange, Sandstorm will receive a US$200 million gold stream and an equity stake in RNP, which will be rebranded as Horizon Copper Corp. This Reverse Takeover is part of Sandstorm's strategy to reposition itself as a pure-play streaming and royalty company, aiming for industry-leading growth. The transaction is expected to close in the second half of 2022.
Sandstorm Gold Ltd. (SAND) will announce its 2021 fourth quarter and annual results on February 17, 2022, after market close. A conference call is scheduled for February 18, 2022, at 8:30 am PST, where further insights into the results will be provided. Sandstorm Gold Royalties operates a portfolio of 230 royalties, with 29 underlying mines currently producing. The company aims to expand its low-cost production through additional royalty acquisitions.
Sandstorm Gold Ltd. reported record achievements in 2021, selling approximately 67,500 attributable gold equivalent ounces and generating preliminary revenue of $114.8 million. The company also recorded total sales, royalties, and income of $120.7 million for the year. In Q4 2021, Sandstorm sold around 16,600 attributable gold equivalent ounces with revenue of $29.8 million and a cash operating margin of approximately $1,570 per ounce. These figures are preliminary and subject to final audit adjustments.
Sandstorm Gold Ltd. announced the completion of the first tranche of its US$30 million Vatukoula stream and royalty agreement for the Vatukoula Mine in Fiji. The Fixed Delivery Stream will start in January 2022, delivering 3,040 ounces annually for the initial 1.5 years, increasing to 5,340 ounces in the subsequent four years. Following this, a Variable Stream will yield 2.9% of gold production up to 100,000 ounces per year. Sandstorm has funded US$27 million of the agreement, with US$3 million expected to be disbursed in Q1 2022.
Sandstorm Gold Ltd. (NYSE: SAND) has entered a US$60 million financing deal with Bear Creek Mining to acquire the producing Mercedes gold-silver mine in Mexico. This package includes a US$37.5 million gold stream and a US$22.5 million convertible debenture. The transaction, set to close by March 31, 2021, is expected to increase gold deliveries significantly, providing 5,400 ounces in 2022 and 7,200 ounces annually thereafter. The deal is fully financed and anticipated to be accretive to cash flow, increasing production guidance to 65,000-70,000 gold equivalent ounces for 2022.
Sandstorm Gold Ltd. (SAND) has announced its first cash dividend of C$0.02 per common share for Q1 2022. Shareholders on record as of January 18, 2022 will receive the dividend on January 28, 2022. This inaugural dividend is classified as an eligible dividend under Canadian tax laws. Future dividends will depend on various factors including profitability and cash flow. Sandstorm also filed a Technical Report on the Hod Maden Project Feasibility Study with an effective date of February 28, 2021.
Sandstorm Gold Ltd. (NYSE: SAND) provided an update on its royalty portfolio, notably reducing its short-term production guidance to approximately 63,000 gold equivalent ounces annually due to an updated mine plan from First Majestic Silver Corp. at the Santa Elena mine. The long-term guidance remains at 125,000 ounces by 2025. Additionally, updates from Equinox Gold and Antipa Minerals showed promising production increases and exploration success, while drill results at Erdene's Dark Horse deposit confirmed high-grade gold finds.
Sandstorm Gold Ltd. has released the results of its Hod Maden Feasibility Study (FS), showcasing a pre-tax net present value (NPV) of $1.3 billion and an internal rate of return (IRR) of 41%. The project, in which Sandstorm holds a 30% interest, has estimated all-in sustaining costs of $334 per ounce on a by-product basis. The total proven and probable mineral reserves include 2.45 million ounces of gold and 287 million pounds of copper. The project is expected to begin production in 2024, following the approval of its Environmental Impact Assessment.
Sandstorm Gold Ltd. (NYSE: SAND) announced that Lidya Madencilik Sanayi ve Ticaret A.S. has received final approval for the Environmental Impact Assessment (EIA) of the Hod Maden project from Turkey's Ministry of Environment and Urbanization. This approval is a significant milestone, enabling Lidya to seek final permits and begin long-lead construction items. Results from the Hod Maden Feasibility Study are expected to be released soon, potentially enhancing Sandstorm's project pipeline and operational capacity.
Sandstorm Gold Ltd. has reported its third-quarter results for 2021, showing significant progress, including the initiation of a quarterly dividend program with a proposed dividend of C$0.02 per share starting in Q1 2022. The company's revenue increased to $27.6 million, up from $23.3 million in Q3 2020, attributed to a 29% rise in gold equivalent ounces. Operating cash flow also improved to $20.8 million. However, average realized prices fell by 8%. Sandstorm remains poised for growth with a forecast of 64,000-69,000 attributable gold equivalent ounces for 2021.
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