Core Viewpoint - Sandstorm Gold Ltd. reported its preliminary sales and revenue figures for the fourth quarter and full year of 2024, indicating a decrease in both attributable gold equivalent ounces sold and revenue compared to 2023, while maintaining a focus on growth and deleveraging its balance sheet [2][3][4]. Annual Preliminary Sales and Revenue - For the full year 2024, the company sold approximately 72,800 attributable gold equivalent ounces and realized preliminary revenue of $176.3 million, compared to 97,245 ounces and $179.6 million in 2023, reflecting a decrease of 25% in ounces sold and a slight decrease in revenue [2]. - The preliminary cost of sales for 2024 was $20.0 million, resulting in cash operating margins of approximately $2,097 per attributable gold equivalent ounce, compared to $21.7 million and $1,706 per ounce in 2023 [2]. Fourth Quarter Preliminary Sales and Revenue - In the fourth quarter of 2024, the company sold approximately 17,700 attributable gold equivalent ounces and realized preliminary revenue of $47.4 million, down from 23,250 ounces and $44.5 million in the same period of 2023 [3]. - The preliminary cost of sales for this quarter was $4.3 million, leading to cash operating margins of approximately $2,397 per ounce, compared to $4.9 million and $1,737 per ounce in the fourth quarter of 2023 [3]. Long-Term Outlook and Capital Allocation - Sandstorm Gold reiterated its long-term production forecast, expecting to reach approximately 125,000 attributable gold equivalent ounces within the next five years based solely on existing streams and royalties [4]. - The company focused on deleveraging its balance sheet throughout 2024, with an outstanding balance on its revolving credit facility of approximately $355 million and an undrawn balance of $270 million as of December 31, 2024 [5]. - Additionally, the company purchased and canceled approximately 2.0 million shares for a total consideration of approximately $10.8 million during the year [5].

Core Insights - Sandstorm Gold Ltd. is pleased to announce exploration advancements in its diversified stream and royalty portfolio [1] Group 1: Lundin Gold Inc. Developments - Lundin Gold reported additional high-grade results from its Fruta del Norte gold mine in Ecuador, confirming the continuity and high-grade nature of the mineralized system [2] - A total of 45,325 metres have been drilled across 120 holes as part of the near-mine program, focusing on extending the mine's life by expanding Mineral Resources [2][4] - Notable drilling highlights include 22.67 g/t gold over 41.6 metres and 15.26 g/t gold over 38.0 metres from recent drill results [3][4] Group 2: Allied Gold Corporation Updates - Allied Gold reported exploration and resource drilling at the Bonikro mine in Côte d'Ivoire, completing 231 holes totaling 12,696 metres at the Hire mining license [7] - The Oume Exploration License saw 66 holes totaling 10,283 metres of drilling, focusing on upgrading Inferred Resources [8] - Sandstorm holds a gold stream on the Bonikro mine, entitled to purchase 6% of gold produced until certain thresholds are met [10] Group 3: Antipa Minerals Limited Scoping Study - Antipa released an updated Scoping Study for its Minyari Dome project, showing a 33% increase in the gold resource base to 2.3 million ounces [11] - Initial gold production of 1.3 million ounces is expected at an average annual rate of 130,000 ounces for the first 10 years [11] - A Phase 2 drilling program of up to 11,000 metres has commenced, with multiple growth-focused drilling programs planned for 2025 [12] Group 4: Awalé Resources Limited Drilling Results - Awalé reported significant assay results from its Odienné project, with high-grade mineralization confirmed at the Charger Zone, including 14.7 g/t gold over 59 metres [15] - The BBM Zone also reported high-grade results, with 27 metres at 1.9 g/t gold, indicating strong grade continuity [17] - Sandstorm holds a 2.0% NSR royalty on the Odienné project [18] Group 5: Troilus Gold Corp. Financing Efforts - Troilus Gold has secured Letters of Intent from various agencies for a total of up to $1.3 billion to support the development of its copper-gold project in Quebec [19] - The financing represents a substantial portion of the estimated capital expenditures for the Troilus project [19] - Sandstorm holds a 1.0% NSR royalty on the Troilus project [20]

Core Insights - Sandstorm Gold Ltd. (SAND) is focused on enhancing value through its diversified stream and royalty portfolio, emphasizing quality assets and partnerships [1] Portfolio Updates - The Robertson mine, operated by Nevada Gold Mines (a joint venture of Barrick Gold Corp. and Newmont Corporation), received its final major federal permit on November 15, 2024, allowing it to proceed with production expected to start in 2027. Sandstorm Gold holds a net smelter returns royalty on this project [2][3] - Lundin Mining, operator of Brazil's Chapada mine, has optimized operations, reducing mining costs by 46% compared to 2022. Sandstorm Gold has a copper stream agreement with Lundin Mining for this mine [3] - SSR Mining Inc., operator of the Hod Maden project, is advancing the project with $10.9 million spent in Q3 2024. Sandstorm Gold has a 2.0% NSR royalty and a 20% gold stream on this project [4] - Entrée Resources Ltd. has begun underground development at Oyu Tolgoi Lift 1 Panel 1 in Mongolia, involving 212 meters of lateral development [5] - Entrée also reported positive drilling results at the Hugo North Extension, confirming high-grade intervals and mineralization continuity. Sandstorm holds a metals stream agreement with Entrée for this site [6] - Equinox Gold Corp. plans to resume mining at the Aurizona Piaba pit in Q4 2024 after a halt due to heavy rains. Sandstorm Gold has a sliding scale NSR royalty on this pit [7] - Serabi Gold plc updated its Preliminary Economic Assessment for the Coringa gold project, indicating improved production and mine life. Sandstorm Gold has a 2.5% net smelter returns royalty on this project [8] Financial Performance - In Q3 2024, Sandstorm Gold reported a 10% year-over-year revenue increase to $45 million, meeting the Zacks Consensus Estimate. The company achieved earnings per share of 2 cents, compared to break-even earnings in Q3 2023 [9] - Sandstorm Gold's shares have increased by 17.2% over the past year, while the industry has grown by 25.7% [10] Total Return Performance - Since December 4, 2023, Sandstorm Gold has shown a total return performance of 50.9%, compared to the Mining-Gold Market's growth of 25.7% [11]

Core Insights - Sandstorm Gold Ltd. is actively advancing its diversified stream and royalty portfolio, with significant developments reported across various projects [1] Group 1: Robertson Mine - The U.S. Bureau of Land Management approved a key environmental permit for the Robertson mine, owned by Nevada Gold Mines, which is expected to begin production in 2027 [2] - Sandstorm holds a 1.0%–2.25% sliding scale net smelter returns (NSR) royalty on the Robertson project, anticipating the upper end of the scale to apply at current gold prices [3] Group 2: Hod Maden Project - SSR Mining is progressing with engineering studies and site preparation at the Hod Maden project in Türkiye, with approximately $10.9 million spent in Q3 2024 [4] - Sandstorm has a 2.0% NSR royalty and a 20% gold stream on the Hod Maden project, agreeing to purchase 20% of gold produced at 50% of the spot price until 405,000 ounces are delivered [5] Group 3: Entrée Resources and Oyu Tolgoi - Entrée Resources commenced underground development at the Hugo North Extension, with ongoing discussions with Rio Tinto and Oyu Tolgoi LLC to finalize joint venture agreements [6] - Recent drilling results confirmed high-grade intervals, with significant copper grades reported, indicating potential for deeper mineralization [7][9][10] - Sandstorm has a copper and precious metal stream with Entrée, allowing it to purchase a percentage of produced metals at fixed cash payments [12] Group 4: Aurizona Mine - Equinox Gold plans to resume mining at the Aurizona Piaba pit in Q4 2024 after addressing geotechnical issues, with a revised mine plan in place [13] - Exploration activities in 2024 included over 6,500 metres of drilling, focusing on high-potential targets [14] - Expansion plans aim to extend the mine life beyond 10 years, with construction of an underground mine expected to begin in 2025 [15] - Sandstorm holds a sliding scale NSR royalty on the Aurizona mine, with a 5% NSR when gold prices exceed $2,000 per ounce [16] Group 5: Chapada Mine Optimization - Lundin Mining's optimization efforts at the Chapada mine have led to a 46% decrease in mining costs compared to 2022, improving cash flows [17] - A redesigned mining plan has reduced annual mining rates by 30 million tonnes, streamlining operations while maintaining output [18] - Sandstorm has a copper stream on the Chapada mine, with agreements for ongoing cash payments based on a percentage of copper produced [19] Group 6: Coringa Gold Project - Serabi Gold published an updated Preliminary Economic Assessment for the Coringa gold project, estimating annual production of 28,000 ounces in 2025 and averaging 36,000 ounces from 2026 to 2031 [20] - The updated PEA reflects a significant resource inventory, with a focus on utilizing a high percentage of the total resources [21] - Sandstorm holds a 2.5% NSR royalty on the Coringa project, enhancing its portfolio of royalty interests [21]

Sandstorm Gold Ltd. (NYSE:SAND) Q3 2024 Earnings Conference Call November 8, 2024 11:30 AM ET Company Participants Nolan Watson - CEO Erfan Kazemi - CFO David Awram - Co-Founder and SVP Conference Call Participants Heiko Ihle - H.C Wainwright Derick Ma - TD Cowen Brian McArthur - Raymond James Operator Good morning. My name is Joanna, and I will be your conference operator today. At this time, I would like to welcome everyone to the Sandstorm Gold Royalties 2024 Third Quarter Results Conference Call. [Opera ...

VANCOUVER, BC, Nov. 7, 2024 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) has released its financial results for the third quarter ended September 30, 2024 (figures in U.S. dollars unless otherwise indicated). Financial Highlights $44.7 million of revenue compared to $41.3 million in Q3 2023; 17,359 attributable gold equivalent ounces1 compared to 21,123 ounces in Q3 2023; $37.0 million in cash flows from operating activities, excluding ...

a brighter way to invest in Gold* 2024 Third Quarter Report SANDSTO GOLD ROYALTI NYSE SAND TSX SSL Management's Discussion and Analysis For The Period Ended September 30, 2024 This management's discussion and analysis ("MD&A") for Sandstorm Gold Ltd. and its subsidiary entities (collectively "Sandstorm", "Sandstorm Gold" or the "Company") should be read in conjunction with the unaudited condensed consolidated interim financial statements of Sandstorm for the three and nine months ended September 30, 2024 an ...

YARDLEY, Pa., Oct. 29, 2024 /PRNewswire/ -- Smart Sand, Inc. (NASDAQ: SND) ("Smart Sand" or the "Company") announced today that it will release its third quarter financial results after the market closes on Tuesday, November 12, 2024. The Company will hold a conference call for investors on Wednesday, November 13, 2024, at 10:00 a.m. Eastern Time to discuss recent events and the results. Chuck Young, the Company's chief executive officer, Lee Beckelman, the Company's chief financial officer, John Young, the ...

Shares of Sandstorm Gold (SAND) have gained 0.8% over the past four weeks to close the last trading session at $6.30, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $7.90 indicates a potential upside of 25.4%. The average comprises 11 short-term price targets ranging from a low of $6 to a high of $11.50, with a standard deviation of $1.45. While the lowest estimate indicates a ...

As gold prices have risen, reaching record highs surpassing $2600, investors in gold miners have been rewarded, with the VanEck Gold Miners ETF ( GDX ) up 30.6% year to date. However, buying miners or the underlying Mountain Valley Value Investments specializes in identifying undervalued companies with strong growth potential across various sectors. Focused on long-term value and buying at the right price, we leverage deep industry insights and rigorous analysis to uncover opportunities with the potential t ...