DESIGNATED NEWS RELEASE
VANCOUVER, BC, April 8, 2024 /PRNewswire/ – Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm”, or the “Company”) (NYSE: SAND) (TSX: SSL) is pleased to report the sales and revenue figures for the first quarter ended March 31, 2024 (all figures in U.S. dollars).
First Quarter Preliminary Sales and Revenue
During the first quarter of 2024, Sandstorm Gold Ltd. sold approximately 20,300 attributable gold equivalent ounces, resulting in a preliminary revenue of $42.8 million. This signifies a decrease from the previous year’s sales of 28,368 attributable gold equivalent ounces, generating $44.0 million in revenue. The Company reported preliminary total sales, royalties, and income from other interests of $42.8 million for the first quarter of 2024, compared to $54.0 million in the same period in 2023.
Insight: The decrease in sales and revenue compared to the previous year could be attributed to various factors such as fluctuating gold prices or operational challenges faced by the Company. It indicates a need for Sandstorm Gold Ltd. to evaluate its strategies for enhancing sales and revenue growth in the future.
Preliminary cost of sales, excluding depletion for the first quarter of 2024, amounted to $5.7 million, resulting in cash operating margins of approximately $1,781 per attributable gold equivalent ounce. This shows an improvement from the previous year’s cash operating margin of $1,652 per attributable gold equivalent ounce.
Insight: The increase in cash operating margins indicates that Sandstorm Gold Ltd. has managed to control its operational costs more effectively in 2024, resulting in higher profitability per ounce sold. This improvement could positively impact the company’s financial performance in the coming quarters.
Release Date and Conference Call Details
Sandstorm Gold Ltd. will release its 2024 first quarter results on Thursday, May 2, 2024, after markets close. A conference call is scheduled for Friday, May 3, 2024, starting at 8:30am PDT to provide further insights into the first quarter results.
Insight: The conference call presents an opportunity for investors and stakeholders to gain a deeper understanding of the Company’s performance and future outlook. It allows for direct communication with Sandstorm Gold Ltd.’s management to address any inquiries regarding the first quarter results and strategic direction.
Contact Information
For more information about Sandstorm Gold Royalties, please visit the company’s official website or email them directly.
About Sandstorm Gold Royalties
Sandstorm Gold Ltd. is a precious metals-focused royalty company that aims to provide upfront financing to mining companies in exchange for a percentage of production from a mine. With a portfolio of around 240 royalties, the company plans to expand its low-cost production profile through acquiring additional gold royalties.
Cautionary Statements and Forward-Looking Information
The company advises caution when interpreting financial information and forward-looking statements, encouraging investors to consider potential risks and uncertainties that may impact Sandstorm Gold Ltd.’s future performance and results.
Insight: It is crucial for investors to assess the risks and uncertainties highlighted by the company, as they can significantly influence the actual results compared to the projected outcomes. Understanding these cautionary statements can help investors make informed decisions regarding their investments in Sandstorm Gold Ltd.
Source: Sandstorm Gold Ltd.
