Sandstorm Gold Royalties Achieves Record Sales and Revenue Growth

Sandstorm Gold Royalties' Remarkable First Quarter Performance
Sandstorm Gold Ltd. (NYSE: SAND) is excited to announce impressive sales and revenue results for the first quarter. The latest updates point to the company's outstanding performance and commitment to enhancing shareholder value.
First Quarter Sales Overview
During the first quarter, the company achieved sales of approximately 18,500 attributable gold equivalent ounces. This resulted in a remarkable preliminary revenue of $50.1 million, substantially up from $42.8 million for the same quarter in the previous year. Additionally, total sales, royalties, and income from other interests reached a record of $54.1 million.
Cost of Sales and Cash Margins
Analyzing the operational costs, the preliminary cost of sales, excluding depletion, was $6.9 million. This translates to an impressive cash operating margin of about $2,507 per attributable gold equivalent ounce, marking a significant increase from $1,782 per ounce during the same period last year.
Strategic Share Buybacks
In a strategic move to enhance shareholder value, Sandstorm executed a purchase of approximately 3.1 million common shares, representing a total expenditure of around $19 million. The management believes that repurchasing shares reflects a prudent use of capital, especially when market prices do not align with intrinsic values.
Capital Allocation Strategies
The company remains focused on evaluating its capital allocation strategies, particularly regarding share repurchases and debt management. Currently, the outstanding balance on the company's revolving credit facility stands at $340 million, with an undrawn balance of $285 million available for operational improvements or future acquisitions.
Upcoming Financial Release and Conference Call
Sandstorm Gold Royalties is gearing up to release its comprehensive financial results for the first quarter on May 6, following market closures. A conference call is scheduled for the following day, allowing stakeholders from around the globe to gain insights directly from the management regarding the results and future outlook.
Conference Call Participation
To join the conference call, participants can dial International: (+1) 437-900-0527 or North American Toll-Free: (+1) 888-510-2154, using the conference ID 57797. This meeting presents a valuable opportunity to discuss how the company plans to leverage its recent successes moving forward.
About Sandstorm Gold Royalties
Sandstorm Gold Royalties is dedicated to providing upfront financing to mining companies in exchange for a percentage of production. Currently, the company holds a diverse portfolio of 230 royalties, with 40 mines already in production. The strategic focus is on enhancing and diversifying its low-cost production profile through acquiring additional gold royalties, thus reflecting its growth phase and investor-centric approach.
Frequently Asked Questions
What is Sandstorm Gold's ticker symbol?
Sandstorm Gold Royalties trades under the ticker symbol SAND on the NYSE.
What were Sandstorm's reported revenues for the first quarter?
The company reported preliminary revenues of $50.1 million for the first quarter.
How many shares did Sandstorm repurchase?
Sandstorm repurchased approximately 3.1 million common shares.
When will Sandstorm release its financial results?
The financial results will be released on May 6, after market close.
What is Sandstorm's focus as a company?
Sandstorm focuses on acquiring royalties from mining companies to generate revenue from their production.
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