DESIGNATED NEWS RELEASE Sandstorm Gold Ltd. is pleased to report that the Company sold approximately 67,500 attributable gold equivalent ounces1 and realized preliminary revenue2 of $114.8 million for the full 2021 year, both representing a record for the Company. During the year, Sandstorm realized preliminary total sales, royalties, and income from other interests1 of $120.7 million. During the three months ended [...]
Sandstorm Gold Ltd. is pleased to announce that it has closed the first tranche of its US$30 million Vatukoula stream and royalty agreement on the producing Vatukoula Mine in Fiji. Sandstorm originally announced the acquisition on June 29, 2021. Given the delay of the VGML Stream closing, the fixed delivery schedule has been amended as follows: Fixed Delivery Stream: The 25,920 ounces of fixed gold deliveries is expected [...]
DESIGNATED NEWS RELEASE Sandstorm Gold Ltd. is pleased to announce that the Company has entered into a US$60 million financing package with Bear Creek Mining to facilitate Bear Creek's acquisition of the producing Mercedes gold-silver mine in Mexico from Equinox Gold Corp . The financing package includes a US$37.5 million gold stream , together with a US$22.5 million convertible debenture. Bear Creek announced today that [...]
Sandstorm Gold Ltd. is pleased to announce that its Board of Directors has declared the Company's first cash dividend in the amount of C$0.02 per common share for the first quarter of 2022, to shareholders of record as of the close of business on January 18, 2022. The dividend will be paid on January 28, 2022. The dividend qualifies as an "eligible dividend" as defined in the Income Tax Act . The declaration, timing [...]
Sandstorm Gold is pleased to provide an update of recent developments from the Company's royalty portfolio. PLAN; SANDSTORM UPDATES SHORT-TERM PRODUCTION GUIDANCE In late November, First Majestic Silver Corp. released an updated Technical Report for the Santa Elena Mine in Mexico, which incorporates production from the nearby Ermitaño project. Sandstorm's gold stream on the Santa Elena mine does not cover the Ermitaño [...]
Sandstorm Gold Ltd. is pleased to provide a summary of the results from the Hod Maden Feasibility Study. Sandstorm has a 30% interest in the Hod Maden project. FEASIBILITY STUDY HIGHLIGHTS Pre-tax net present value of $1.3 billion and an internal rate of return of 41% Post-tax NPV of $1.05 billion and an IRR of 36% Estimated all-in sustaining costs of $334 per ounce on a by-product basis1 and $595 per ounce on a [...]
DESIGNATED NEWS RELEASE Sandstorm Gold Ltd. is pleased to announce that Lidya Madencilik Sanayi ve Ticaret A.S. , the operator of the Hod Maden project, has received the final approval of the Environmental Impact Assessment for the project from the Ministry of Environment and Urbanization of Turkey. The results from the Hod Maden Feasibility Study are expected to be released in the coming weeks. "The granting of the EIA [...]
DESIGNATED NEWS RELEASE Sandstorm Gold Ltd. has released its results for the third quarter ended September 30, 2021 . INITIATION OF DIVIDEND PROGRAM Sandstorm is pleased to announce that the Company's Board of Directors has approved the initiation of the Company's quarterly dividend program. Sandstorm currently intends to declare and pay its first quarterly dividend of approximately C$0.02 per common share in the first [...]
Sandstorm Gold Ltd. will release its 2021 third quarter results on Wednesday, November 3, 2021 after markets close. A conference call will be held on Thursday, November 4, 2021 starting at 8:30am PDT to further discuss the third 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 that it has increased its revolving credit agreement allowing the Company to borrow up to $350 million, incorporating sustainability-linked performance targets to establish an Environment, Social, and Governance linked credit facility . "The 55% increase to Sandstorm's credit facility once again emphasizes the Company's strong financial position and creditworthiness," commented [...]
Designated News Release Sandstorm Gold Ltd. is pleased to announce that the Company sold approximately 15,500 attributable gold equivalent ounces1 and realized preliminary revenue2 of $27.6 million during the three months ended September 30, 2021. Preliminary cost of sales, excluding depletion2 for the three month period was $3.7 million resulting in cash operating margins1 of approximately $1,540 per attributable gold [...]
Sandstorm Gold Ltd. has released its results for the second quarter ended June 30, 2021 . SECOND QUARTER HIGHLIGHTS Record attributable gold equivalent ounces1 of 18,004 ounces ; Revenue of $26.4 million ; Record total sales, royalties, and income from other interests1 of $32.3 million ; Cash flows from operating activities, excluding changes in non-cash working capital1 of $17.6 million ; Average cash cost per [...]