Sandstorm Gold .(SAND) Prnewswire·2025-02-18 22:02Core Viewpoint - Sandstorm Gold Ltd. reported strong financial results for the year ended December 31, 2024, driven by robust commodity prices, despite a decrease in attributable gold equivalent ounces sold compared to the previous year [2][11]. Financial Highlights - The company achieved annual revenue of 179.6 million in 2023, with approximately 73% of revenue from precious metals, 18% from copper, and 9% from other commodities [11]. - Annual production totaled 72,810 attributable gold equivalent ounces, down from 97,245 ounces in 2023, with a cash operating margin of 80 million in 2024, with an outstanding balance of 28 million to shareholders, including 10.9 million in share repurchases, totaling approximately 2.0 million common shares purchased and canceled [4][6]. - The company plans to ramp up its share buyback program in 2025, depending on market conditions and available capital [6]. Asset Portfolio Developments - Sandstorm's key producing assets include the Greenstone gold mine, which produced approximately 111,700 ounces of gold in 2024, and the Antamina mine, which received approval for a $2 billion investment to extend operations through 2036 [9][20]. - The company anticipates first production from several development mines in 2025, including the Woodlawn mine in Australia and the Bayan Khundii gold mine in Mongolia [25]. Production Guidance and Long-term Outlook - For 2025, Sandstorm forecasts attributable gold equivalent ounces to be between 65,000 and 80,000, with a long-term production target of approximately 150,000 ounces by 2030 [10][9]. - The company expects to benefit from advancements in its development portfolio, including increased production from the Greenstone mine and the Gualcamayo Deep Carbonates Project [10][19].