Sandstorm Gold Royalties Achieves Record Quarter with Strong Sales
Sandstorm Gold Royalties Reports Impressive Second Quarter Results
Sandstorm Gold Ltd. (NYSE: SAND) recently shared an exciting update about its sales and revenue performance for the second quarter. With a focus on precious metals, the company continues to make significant strides in the mining industry.
Second Quarter Highlights
In the latest quarter, Sandstorm achieved substantial sales figures, reporting approximately 15,100 attributable gold equivalent ounces sold, which translated into an outstanding preliminary revenue of $51.4 million. This marks a notable increase compared to the 17,414 attributable gold equivalent ounces sold and $41.4 million in revenue from the same period last year.
The company's insights indicate that during the three months ending on June 30, it faced a cost of sales (excluding depletion) amounting to $5.3 million. This allowed Sandstorm to achieve impressive cash operating margins of around $2,980 per attributable gold equivalent ounce, a significant improvement from the previous year’s $2,043 per ounce.
Financial Performance Overview
As of June 30, the company reported an outstanding balance on its revolving credit facility at approximately $315 million. Sandstorm also holds an undrawn available balance of approximately $310 million.
Upcoming Financial Releases
Sandstorm plans to release its financial results for the second quarter on a specific Thursday, following the end of trading. A conference call is scheduled for the following Friday, allowing investors and analysts to engage further with the company's leadership.
Conference Call Participation
To join the conference call, participants can dial the given international or toll-free numbers or access the webcast online. This engagement is crucial for analysts and investors eager to understand the company’s performance in depth.
About Sandstorm Gold Royalties
Sandstorm Gold Royalties operates as a precious metals-focused royalty company, providing upfront financing to various mining companies. This unique approach allows Sandstorm to secure a percentage of production from each mine for its lifespan. The company has curated a robust portfolio of approximately 230 royalties, with 40 mines currently in production. Sandstorm is on a clear path to diversify and enhance its low-cost production profile via the acquisition of additional gold royalties.
This strategy exemplifies Sandstorm's commitment to growth in the precious metals sector, positioning itself as a reliable partner for mining operations. The company continues to evaluate new opportunities for expansion while carefully managing its existing portfolio.
Frequently Asked Questions
What are the notable figures from Sandstorm's second quarter?
Sandstorm reported sales of approximately 15,100 attributable gold equivalent ounces and preliminary revenue of $51.4 million.
How did Sandstorm's sales compare to last year's quarter?
The company saw a significant increase, with revenue growing from $41.4 million in the same period last year.
What is Sandstorm's primary business model?
Sandstorm operates by providing upfront financing to mining companies and earning royalties based on their production.
When will Sandstorm release its next financial results?
Sandstorm will announce its second quarter financial results on a Thursday after market close.
How can investors participate in Sandstorm's conference call?
Investors can join the call by dialing international or toll-free numbers provided in the announcement or access the webcast online.
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