
Sandstorm Gold Ltd. (NYSE: SAND) (TSX: SSL) is pleased to report the sales and revenue figures for the second quarter ended June 30, 2024 (all figures in U.S. dollars).
Second Quarter Preliminary Sales and Revenue
During the three months ended June 30, 2024, the Company sold approximately 17,400 attributable gold equivalent ounces1 and realized preliminary revenue2 of $41.4 million (24,504 attributable gold equivalent ounces and $49.8 million in revenue for the comparable period in 2023). Preliminary cost of sales, excluding depletion2 for the three months ended June 30, 2024, was $4.7 million resulting in cash operating margins1 of approximately $2,043 per attributable gold equivalent ounce1 ($5.6 million and $1,744 per attributable gold equivalent ounce for the comparable period in 2023, respectively).
Note 1
Sandstorm Gold Royalties has included certain performance measures in this press release that do not have any standardized meaning prescribed by International Financial Reporting Standards Accounting Standards including (i) attributable gold equivalent ounces and (ii) cash operating margin. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these non-IFRS measures differently. Note these figures have not been audited and are subject to change.
Note 2
These figures have not been audited and are subject to change. As the Company has not yet finished its quarter-end close procedures, the anticipated financial information presented in this press release is preliminary, subject to final quarter-end closing adjustments, and may change materially.
ABOUT SANDSTORM GOLD ROYALTIES
Sandstorm is a precious metals-focused royalty company that provides upfront financing to mining companies and receives the right to a percentage of production from a mine, for the life of the mine. Sandstorm holds a portfolio of approximately 230 royalties, of which 41 of the underlying mines are producing. Sandstorm plans to grow and diversify its low-cost production profile through the acquisition of additional gold royalties.
AbraSilver Resource Corp. (TSX-V: ABRA) is pleased to announce th... READ MORE
Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) (FSE: CM5R) announce... READ MORE
PPX Mining Corp. (TSX-V: PPX) (BVL: PPX) is pleased to announce t... READ MORE
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) grew attributable ... READ MORE
0.96 g/t Au over 24.4 meters, including 1.94 g/t Au over 6.1 mete... READ MORE