Sandstorm Gold .(SAND)

Search documents
Sandstorm Gold Provides Updates on Its Portfolio Developments
ZACKS· 2024-12-02 17:40
Core Insights - Sandstorm Gold Ltd. (SAND) is focused on enhancing value through its diversified stream and royalty portfolio, emphasizing quality assets and partnerships [1] Portfolio Updates - The Robertson mine, operated by Nevada Gold Mines (a joint venture of Barrick Gold Corp. and Newmont Corporation), received its final major federal permit on November 15, 2024, allowing it to proceed with production expected to start in 2027. Sandstorm Gold holds a net smelter returns royalty on this project [2][3] - Lundin Mining, operator of Brazil's Chapada mine, has optimized operations, reducing mining costs by 46% compared to 2022. Sandstorm Gold has a copper stream agreement with Lundin Mining for this mine [3] - SSR Mining Inc., operator of the Hod Maden project, is advancing the project with $10.9 million spent in Q3 2024. Sandstorm Gold has a 2.0% NSR royalty and a 20% gold stream on this project [4] - Entrée Resources Ltd. has begun underground development at Oyu Tolgoi Lift 1 Panel 1 in Mongolia, involving 212 meters of lateral development [5] - Entrée also reported positive drilling results at the Hugo North Extension, confirming high-grade intervals and mineralization continuity. Sandstorm holds a metals stream agreement with Entrée for this site [6] - Equinox Gold Corp. plans to resume mining at the Aurizona Piaba pit in Q4 2024 after a halt due to heavy rains. Sandstorm Gold has a sliding scale NSR royalty on this pit [7] - Serabi Gold plc updated its Preliminary Economic Assessment for the Coringa gold project, indicating improved production and mine life. Sandstorm Gold has a 2.5% net smelter returns royalty on this project [8] Financial Performance - In Q3 2024, Sandstorm Gold reported a 10% year-over-year revenue increase to $45 million, meeting the Zacks Consensus Estimate. The company achieved earnings per share of 2 cents, compared to break-even earnings in Q3 2023 [9] - Sandstorm Gold's shares have increased by 17.2% over the past year, while the industry has grown by 25.7% [10] Total Return Performance - Since December 4, 2023, Sandstorm Gold has shown a total return performance of 50.9%, compared to the Mining-Gold Market's growth of 25.7% [11]
Sandstorm Gold Royalties Provides Updates on Producing and Key Development Assets
Prnewswire· 2024-11-27 21:20
Core Insights - Sandstorm Gold Ltd. is actively advancing its diversified stream and royalty portfolio, with significant developments reported across various projects [1] Group 1: Robertson Mine - The U.S. Bureau of Land Management approved a key environmental permit for the Robertson mine, owned by Nevada Gold Mines, which is expected to begin production in 2027 [2] - Sandstorm holds a 1.0%–2.25% sliding scale net smelter returns (NSR) royalty on the Robertson project, anticipating the upper end of the scale to apply at current gold prices [3] Group 2: Hod Maden Project - SSR Mining is progressing with engineering studies and site preparation at the Hod Maden project in Türkiye, with approximately $10.9 million spent in Q3 2024 [4] - Sandstorm has a 2.0% NSR royalty and a 20% gold stream on the Hod Maden project, agreeing to purchase 20% of gold produced at 50% of the spot price until 405,000 ounces are delivered [5] Group 3: Entrée Resources and Oyu Tolgoi - Entrée Resources commenced underground development at the Hugo North Extension, with ongoing discussions with Rio Tinto and Oyu Tolgoi LLC to finalize joint venture agreements [6] - Recent drilling results confirmed high-grade intervals, with significant copper grades reported, indicating potential for deeper mineralization [7][9][10] - Sandstorm has a copper and precious metal stream with Entrée, allowing it to purchase a percentage of produced metals at fixed cash payments [12] Group 4: Aurizona Mine - Equinox Gold plans to resume mining at the Aurizona Piaba pit in Q4 2024 after addressing geotechnical issues, with a revised mine plan in place [13] - Exploration activities in 2024 included over 6,500 metres of drilling, focusing on high-potential targets [14] - Expansion plans aim to extend the mine life beyond 10 years, with construction of an underground mine expected to begin in 2025 [15] - Sandstorm holds a sliding scale NSR royalty on the Aurizona mine, with a 5% NSR when gold prices exceed $2,000 per ounce [16] Group 5: Chapada Mine Optimization - Lundin Mining's optimization efforts at the Chapada mine have led to a 46% decrease in mining costs compared to 2022, improving cash flows [17] - A redesigned mining plan has reduced annual mining rates by 30 million tonnes, streamlining operations while maintaining output [18] - Sandstorm has a copper stream on the Chapada mine, with agreements for ongoing cash payments based on a percentage of copper produced [19] Group 6: Coringa Gold Project - Serabi Gold published an updated Preliminary Economic Assessment for the Coringa gold project, estimating annual production of 28,000 ounces in 2025 and averaging 36,000 ounces from 2026 to 2031 [20] - The updated PEA reflects a significant resource inventory, with a focus on utilizing a high percentage of the total resources [21] - Sandstorm holds a 2.5% NSR royalty on the Coringa project, enhancing its portfolio of royalty interests [21]
Sandstorm Gold .(SAND) - 2024 Q3 - Earnings Call Transcript
2024-11-08 20:19
Sandstorm Gold Ltd. (NYSE:SAND) Q3 2024 Earnings Conference Call November 8, 2024 11:30 AM ET Company Participants Nolan Watson - CEO Erfan Kazemi - CFO David Awram - Co-Founder and SVP Conference Call Participants Heiko Ihle - H.C Wainwright Derick Ma - TD Cowen Brian McArthur - Raymond James Operator Good morning. My name is Joanna, and I will be your conference operator today. At this time, I would like to welcome everyone to the Sandstorm Gold Royalties 2024 Third Quarter Results Conference Call. [Opera ...
Sandstorm Gold Royalties Announces 2024 Third Quarter Results
Prnewswire· 2024-11-07 21:42
VANCOUVER, BC, Nov. 7, 2024 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) has released its financial results for the third quarter ended September 30, 2024 (figures in U.S. dollars unless otherwise indicated). Financial Highlights $44.7 million of revenue compared to $41.3 million in Q3 2023; 17,359 attributable gold equivalent ounces1 compared to 21,123 ounces in Q3 2023; $37.0 million in cash flows from operating activities, excluding ...
Sandstorm Gold .(SAND) - 2024 Q3 - Quarterly Report
2024-11-07 21:39
a brighter way to invest in Gold* 2024 Third Quarter Report SANDSTO GOLD ROYALTI NYSE SAND TSX SSL Management's Discussion and Analysis For The Period Ended September 30, 2024 This management's discussion and analysis ("MD&A") for Sandstorm Gold Ltd. and its subsidiary entities (collectively "Sandstorm", "Sandstorm Gold" or the "Company") should be read in conjunction with the unaudited condensed consolidated interim financial statements of Sandstorm for the three and nine months ended September 30, 2024 an ...
SMART SAND, INC. ANNOUNCES TIMING OF THIRD QUARTER 2024 EARNINGS RELEASE AND INVESTOR CONFERENCE CALL
Prnewswire· 2024-10-29 20:00
YARDLEY, Pa., Oct. 29, 2024 /PRNewswire/ -- Smart Sand, Inc. (NASDAQ: SND) ("Smart Sand" or the "Company") announced today that it will release its third quarter financial results after the market closes on Tuesday, November 12, 2024. The Company will hold a conference call for investors on Wednesday, November 13, 2024, at 10:00 a.m. Eastern Time to discuss recent events and the results. Chuck Young, the Company's chief executive officer, Lee Beckelman, the Company's chief financial officer, John Young, the ...
Wall Street Analysts Predict a 25.4% Upside in Sandstorm Gold (SAND): Here's What You Should Know
ZACKS· 2024-10-25 14:56
Shares of Sandstorm Gold (SAND) have gained 0.8% over the past four weeks to close the last trading session at $6.30, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $7.90 indicates a potential upside of 25.4%. The average comprises 11 short-term price targets ranging from a low of $6 to a high of $11.50, with a standard deviation of $1.45. While the lowest estimate indicates a ...
Sandstorm Gold Offers Unique Growth Potential Amid Record Gold Prices
Seeking Alpha· 2024-10-16 03:15
As gold prices have risen, reaching record highs surpassing $2600, investors in gold miners have been rewarded, with the VanEck Gold Miners ETF ( GDX ) up 30.6% year to date. However, buying miners or the underlying Mountain Valley Value Investments specializes in identifying undervalued companies with strong growth potential across various sectors. Focused on long-term value and buying at the right price, we leverage deep industry insights and rigorous analysis to uncover opportunities with the potential t ...
Sandstorm Gold Royalties Announces 2024 Third Quarter Sales and Revenue; Financial Results to be Released November 7
Prnewswire· 2024-10-10 20:20
DESIGNATED PRESS RELEASE VANCOUVER, BC, Oct. 10, 2024 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm", or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to report the sales and revenue figures for the third quarter ended September 30, 2024 (all figures in U.S. dollars). Third Quarter Preliminary Sales and Revenue During the three months ended September 30, 2024, the Company sold approximately 17,350 attributable gold equivalent ounces1 and realized preliminary revenue2 of $44. ...
SMART SAND, INC. DECLARES SPECIAL DIVIDEND OF $0.10 PER SHARE AND AUTHORIZES SHARE REPURCHASE PROGRAM
Prnewswire· 2024-10-03 20:00
YARDLEY, Pa., Oct. 3, 2024 /PRNewswire/ -- Smart Sand, Inc. (NASDAQ: SND) ("Smart Sand" or the "Company") announced today that its board of directors has declared a special cash dividend on the Company's common stock of $0.10 per share, payable on October 28, 2024, to stockholders of record as of the close of business on October 15, 2024. The Company also announced today that its board of directors approved a share repurchase program authorizing the Company to repurchase up to $10.0 million of the Company's ...