Sandstorm Gold Ltd

Latest Results (13.10.2025):

Sandstorm Gold Ltd reported its financial results for the second quarter of 2024, highlighting a decrease in revenue compared to the same period last year. Despite the revenue decline, the company achieved a substantial increase in net income and set a new record for cash operating margins.

Revenue Decrease

In Q2 2024, Sandstorm Gold Ltd generated $41.4 million in revenue, down from $49.8 million in Q2 2023. The decline was primarily due to a 29% decrease in attributable gold equivalent ounces sold, offset partially by a 17% increase in the average realized selling price of gold.

Record Operating Margins

The company achieved cash operating margins of $2,043 per attributable gold equivalent ounce in Q2 2024, up from $1,744 per ounce in the second quarter of 2023, marking a new record for Sandstorm.

Net Income Growth

Net income surged to $10.5 million in Q2 2024 compared to $2.7 million in Q2 2023. This increase was driven by a $12.3 million rise in gains from investment revaluations and a $7.3 million decrease in depletion expenses.

Cash Flow from Operations

Cash flows from operating activities, excluding changes in non-cash working capital, were $32.6 million in Q2 2024, down from $38.0 million in the same quarter last year.

Balance Sheet Deleveraging

During the second quarter, Sandstorm continued to reduce its net debt by $27 million. As of August 1, 2024, the company's revolving credit facility had an outstanding balance of $383 million with $242 million available.

Capital Allocation

Sandstorm committed to returning capital to shareholders by purchasing 457,125 common shares for $2.5 million in the first half of 2024 and declared a dividend of C$0.02 per share, paid on July 26, 2024.