Sandstorm Gold .(SAND) ZACKS·2025-01-08 18:45Core Viewpoint - Sandstorm Gold Ltd. reported mixed financial results for the fourth quarter and 2024, with a year-over-year increase in fourth-quarter revenues but a decline in overall revenues for 2024, alongside improved cash operating margins [1][4]. Group 1: Fourth Quarter Performance - In the fourth quarter, Sandstorm Gold sold approximately 17,700 attributable gold equivalent ounces (GEOs), a 24% decrease from 23,250 GEOs sold in the same quarter of 2023 [2]. - Preliminary revenues for the fourth quarter reached 44.5 million in the prior year [2]. - The preliminary cost of sales (excluding depletion) was reported at 4.9 million in the fourth quarter of 2023 [3]. - The cash operating margin for the quarter was 1,737 per attributable GEO in the prior year [3]. Group 2: 2024 Financial Overview - For the full year 2024, Sandstorm Gold sold nearly 72,800 attributable GEOs, representing a 25% decline year-over-year [4]. - Preliminary revenues for 2024 totaled 179.6 million in 2023 [4]. - The preliminary cost of sales (excluding depletion) for 2024 was 21.7 million recorded in 2023 [4]. - The cash operating margin increased by 23% year-over-year to 355 million as of December 31, 2024 [5]. - The company also purchased and canceled around 2 million shares for a total consideration of $10.8 million during the year [5]. - Sandstorm Gold affirmed its long-term production target of around 125,000 attributable GEOs over the next five years, with a production forecast for 2025 to be announced on February 19, 2025 [6]. Group 4: Stock Performance - Sandstorm Gold's shares have increased by 16.3% over the past year, compared to the industry's growth of 17.2% [7].