Sandstorm Gold Royalties Announces 2024 Sales and Revenue; Financial Results to be Released February 18

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].