Sandstorm Gold Ltd. has closed its previously announced bought deal financing, including the exercise in full of the underwriters' over-allotment option, for a total of 18,055,000 common shares sold at a price of US$5.10 per Common Share for aggregate gross proceeds to the Company of approximately US$92 million . The Company plans to use the net proceeds of the Offering for future acquisitions of streams and royalties [...]
Sandstorm Gold Ltd. is pleased to announce that its Board of Directors has declared the Company's fourth quarterly cash dividend for 2022 in the amount of C$0.02 per common share to shareholders of record as of the close of business on October 18, 2022. The dividend will be paid on October 28, 2022. The dividend qualifies as an "eligible dividend" as defined in the Income Tax Act . The declaration, timing, amount, and [...]
Sandstorm Gold Ltd. has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and Scotiabank under which the Underwriters have agreed to buy from the Company, on a bought deal basis, 15,700,000 common shares , at a price of US$5.10 per Common Share for gross proceeds to the Company of approximately US$80 million . The Company has granted the Underwriters an option, exercisable at the [...]
Sandstorm Gold Ltd. is pleased to report the closing of the first part of the previously announced reverse takeover transaction of Horizon Copper Corp. , including the sale of the Company's 30% interest in the Hod Maden project to Horizon and the receipt of a $200 million gold stream on production from Hod Maden . "Since announcing the transformation of our Hod Maden interest into a traditional gold stream earlier this [...]
Sandstorm Gold Ltd. is pleased to announce the successful completion of the previously announced acquisition of Nomad Royalty Company Ltd. pursuant to a plan of arrangement under the Canada Business Corporations Act . Sandstorm issued approximately 74.4 million common shares of the Company to former Nomad shareholders equal to an exchange ratio of 1.21 Sandstorm Shares for each common share of Nomad . The Company's [...]
Sandstorm Gold Ltd. has released its results for the second quarter ended June 30, 2022 . SECOND QUARTER HIGHLIGHTS Record attributable gold equivalent ounces1 of 19,276 ounces ; Record revenue of $36.0 million ; Cash flows from operating activities, excluding changes in non-cash working capital1 of $21.9 million ; Average cash cost per attributable gold equivalent ounce1 of $273 resulting in cash operating margins1 of [...]
Sandstorm Gold Ltd. is pleased to announce that at its special meeting of shareholders held earlier today , the Company's shareholders approved the resolution for the issuance of common shares of Sandstorm in connection with the arrangement whereby Sandstorm will acquire all of the issued and outstanding common shares of Nomad Royalty Company Ltd. at an exchange ratio of 1.21 Sandstorm Shares for each common share of [...]
Sandstorm Gold Ltd. will release its 2022 second quarter results on Thursday, August 11, 2022 after markets close. A conference call will be held on Friday, August 12, 2022 starting at 8:30am PDT to further discuss the second quarter results. To participate in the conference call, use the following dial-in numbers and conference ID, or join the webcast using the link below: International: 416-764-8688 North American [...]
Sandstorm Gold Ltd. is pleased to announce the closing of the previously announced acquisition of nine royalties and one stream from BaseCore Metals LP . Sandstorm made a payment of US$425 million in cash, partly funded by the previously announced upsized credit facility, and issued approximately 13.5 million common shares of the Company to BaseCore . In accordance with Canadian securities laws, the Sandstorm Shares will [...]
Sandstorm Gold Ltd. is pleased to report that the Company sold approximately 19,200 attributable gold equivalent ounces1 and realized preliminary revenue2 of $36.0 million during the three months ended June 30, 2022, all representing a record for the Company . Preliminary cost of sales, excluding depletion2 for the three month period was $5.3 million resulting in cash operating margins1 of approximately $1,590 per [...]
Sandstorm Gold Ltd. is pleased to announce that its Board of Directors has declared the Company's third quarterly cash dividend for 2022 in the amount of C$0.02 per common share to shareholders of record as of the close of business on July 19, 2022. The dividend will be paid on July 29, 2022. The dividend qualifies as an "eligible dividend" as defined in the Income Tax Act . The declaration, timing, amount, and payment of [...]
The Annual General Meeting of Shareholders of Sandstorm Gold Ltd. was held today, June 3rd in Vancouver, British Columbia at which 55% of the issued common shares, as of the record date for the Meeting, were represented. Shareholders voted in favour of all resolutions presented, including the re-election of all director nominees, namely Nolan Watson, David Awram, David E. De Witt, Andrew T. Swarthout, John P.A. Budreski [...]