Core Viewpoint - Sandstorm Gold Ltd. reported strong financial results for the year ended December 31, 2024, driven by robust commodity prices, despite a decrease in attributable gold equivalent ounces sold compared to the previous year [2][11]. Financial Highlights - The company achieved annual revenue of $176.3 million, a slight decrease from $179.6 million in 2023, with approximately 73% of revenue from precious metals, 18% from copper, and 9% from other commodities [11]. - Annual production totaled 72,810 attributable gold equivalent ounces, down from 97,245 ounces in 2023, with a cash operating margin of $2,097 per ounce for the year [8][13]. - The company made net debt repayments of $80 million in 2024, with an outstanding balance of $340 million on its revolving credit facility as of February 18, 2025 [2][12]. Shareholder Returns and Capital Allocation - In 2024, Sandstorm returned over $28 million to shareholders, including $17.5 million in dividends and $10.9 million in share repurchases, totaling approximately 2.0 million common shares purchased and canceled [4][6]. - The company plans to ramp up its share buyback program in 2025, depending on market conditions and available capital [6]. Asset Portfolio Developments - Sandstorm's key producing assets include the Greenstone gold mine, which produced approximately 111,700 ounces of gold in 2024, and the Antamina mine, which received approval for a $2 billion investment to extend operations through 2036 [9][20]. - The company anticipates first production from several development mines in 2025, including the Woodlawn mine in Australia and the Bayan Khundii gold mine in Mongolia [25]. Production Guidance and Long-term Outlook - For 2025, Sandstorm forecasts attributable gold equivalent ounces to be between 65,000 and 80,000, with a long-term production target of approximately 150,000 ounces by 2030 [10][9]. - The company expects to benefit from advancements in its development portfolio, including increased production from the Greenstone mine and the Gualcamayo Deep Carbonates Project [10][19].

SANDSTORM GOLD ROYALTIES Company Profile 2024 Annual Report NYSE SAND TSX SSL u Corporate & Shareholder Information Stock Exchange Listings Toronto Stock Exchange TSX: SSL New York Stock Exchange NYSE: SAND Transfer Agent Computershare Investor Services 2nd Floor, 510 Burrard Street Vancouver, British Columbia V6C 3B9 T 604 661 9400 Corporate Secretary Christine Gregory Corporate Offices Vancouver Head Office Suite 3200, 733 Seymour Street Vancouver, British Columbia V6B 056 Auditors PricewaterhouseCoopers ...

Core Viewpoint - The market anticipates Sandstorm Gold (SAND) will report a year-over-year decline in earnings despite an increase in revenues when it releases its results for the quarter ended December 2024 [1] Financial Expectations - Sandstorm Gold is expected to post quarterly earnings of $0.04 per share, reflecting a year-over-year decrease of 50% [3] - Revenues are projected to be $47.4 million, which is an increase of 6.5% from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their initial estimates during this period [4] - The Most Accurate Estimate for Sandstorm Gold is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +15.39%, suggesting a bullish outlook from analysts [10] Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of a potential earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8] - Sandstorm Gold currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [11] Historical Performance - In the last reported quarter, Sandstorm Gold was expected to earn $0.03 per share but only achieved $0.02, resulting in a surprise of -33.33% [12] - Over the past four quarters, the company has beaten consensus EPS estimates two times [13] Industry Comparison - Agnico Eagle Mines (AEM), another player in the gold mining industry, is expected to report earnings of $1.17 per share for the same quarter, representing a year-over-year increase of 105.3% [17] - Agnico's revenues are projected to be $2.1 billion, up 19.4% from the previous year [17] - Despite a recent upward revision of 3.8% in the consensus EPS estimate for Agnico, a lower Most Accurate Estimate has resulted in a negative Earnings ESP of -2.02%, making it difficult to predict an earnings beat [18]

Core Viewpoint - Sandstorm Gold Ltd. reported mixed financial results for the fourth quarter and 2024, with a year-over-year increase in fourth-quarter revenues but a decline in overall revenues for 2024, alongside improved cash operating margins [1][4]. Group 1: Fourth Quarter Performance - In the fourth quarter, Sandstorm Gold sold approximately 17,700 attributable gold equivalent ounces (GEOs), a 24% decrease from 23,250 GEOs sold in the same quarter of 2023 [2]. - Preliminary revenues for the fourth quarter reached $47.4 million, reflecting a 7% increase from $44.5 million in the prior year [2]. - The preliminary cost of sales (excluding depletion) was reported at $4.3 million, down from $4.9 million in the fourth quarter of 2023 [3]. - The cash operating margin for the quarter was $2,397 per attributable GEO, which is a 38% increase compared to $1,737 per attributable GEO in the prior year [3]. Group 2: 2024 Financial Overview - For the full year 2024, Sandstorm Gold sold nearly 72,800 attributable GEOs, representing a 25% decline year-over-year [4]. - Preliminary revenues for 2024 totaled $176 million, down from $179.6 million in 2023 [4]. - The preliminary cost of sales (excluding depletion) for 2024 was $20 million, lower than the $21.7 million recorded in 2023 [4]. - The cash operating margin increased by 23% year-over-year to $2,097 per attributable GEO in 2024 [4]. Group 3: Debt Management and Future Outlook - Throughout 2024, Sandstorm Gold focused on reducing its debt levels, with an outstanding balance on its revolving credit facility of approximately $355 million as of December 31, 2024 [5]. - The company also purchased and canceled around 2 million shares for a total consideration of $10.8 million during the year [5]. - Sandstorm Gold affirmed its long-term production target of around 125,000 attributable GEOs over the next five years, with a production forecast for 2025 to be announced on February 19, 2025 [6]. Group 4: Stock Performance - Sandstorm Gold's shares have increased by 16.3% over the past year, compared to the industry's growth of 17.2% [7].

Core Viewpoint - Sandstorm Gold Ltd. reported its preliminary sales and revenue figures for the fourth quarter and full year of 2024, indicating a decrease in both attributable gold equivalent ounces sold and revenue compared to 2023, while maintaining a focus on growth and deleveraging its balance sheet [2][3][4]. Annual Preliminary Sales and Revenue - For the full year 2024, the company sold approximately 72,800 attributable gold equivalent ounces and realized preliminary revenue of $176.3 million, compared to 97,245 ounces and $179.6 million in 2023, reflecting a decrease of 25% in ounces sold and a slight decrease in revenue [2]. - The preliminary cost of sales for 2024 was $20.0 million, resulting in cash operating margins of approximately $2,097 per attributable gold equivalent ounce, compared to $21.7 million and $1,706 per ounce in 2023 [2]. Fourth Quarter Preliminary Sales and Revenue - In the fourth quarter of 2024, the company sold approximately 17,700 attributable gold equivalent ounces and realized preliminary revenue of $47.4 million, down from 23,250 ounces and $44.5 million in the same period of 2023 [3]. - The preliminary cost of sales for this quarter was $4.3 million, leading to cash operating margins of approximately $2,397 per ounce, compared to $4.9 million and $1,737 per ounce in the fourth quarter of 2023 [3]. Long-Term Outlook and Capital Allocation - Sandstorm Gold reiterated its long-term production forecast, expecting to reach approximately 125,000 attributable gold equivalent ounces within the next five years based solely on existing streams and royalties [4]. - The company focused on deleveraging its balance sheet throughout 2024, with an outstanding balance on its revolving credit facility of approximately $355 million and an undrawn balance of $270 million as of December 31, 2024 [5]. - Additionally, the company purchased and canceled approximately 2.0 million shares for a total consideration of approximately $10.8 million during the year [5].

Core Insights - Sandstorm Gold Ltd. is pleased to announce exploration advancements in its diversified stream and royalty portfolio [1] Group 1: Lundin Gold Inc. Developments - Lundin Gold reported additional high-grade results from its Fruta del Norte gold mine in Ecuador, confirming the continuity and high-grade nature of the mineralized system [2] - A total of 45,325 metres have been drilled across 120 holes as part of the near-mine program, focusing on extending the mine's life by expanding Mineral Resources [2][4] - Notable drilling highlights include 22.67 g/t gold over 41.6 metres and 15.26 g/t gold over 38.0 metres from recent drill results [3][4] Group 2: Allied Gold Corporation Updates - Allied Gold reported exploration and resource drilling at the Bonikro mine in Côte d'Ivoire, completing 231 holes totaling 12,696 metres at the Hire mining license [7] - The Oume Exploration License saw 66 holes totaling 10,283 metres of drilling, focusing on upgrading Inferred Resources [8] - Sandstorm holds a gold stream on the Bonikro mine, entitled to purchase 6% of gold produced until certain thresholds are met [10] Group 3: Antipa Minerals Limited Scoping Study - Antipa released an updated Scoping Study for its Minyari Dome project, showing a 33% increase in the gold resource base to 2.3 million ounces [11] - Initial gold production of 1.3 million ounces is expected at an average annual rate of 130,000 ounces for the first 10 years [11] - A Phase 2 drilling program of up to 11,000 metres has commenced, with multiple growth-focused drilling programs planned for 2025 [12] Group 4: Awalé Resources Limited Drilling Results - Awalé reported significant assay results from its Odienné project, with high-grade mineralization confirmed at the Charger Zone, including 14.7 g/t gold over 59 metres [15] - The BBM Zone also reported high-grade results, with 27 metres at 1.9 g/t gold, indicating strong grade continuity [17] - Sandstorm holds a 2.0% NSR royalty on the Odienné project [18] Group 5: Troilus Gold Corp. Financing Efforts - Troilus Gold has secured Letters of Intent from various agencies for a total of up to $1.3 billion to support the development of its copper-gold project in Quebec [19] - The financing represents a substantial portion of the estimated capital expenditures for the Troilus project [19] - Sandstorm holds a 1.0% NSR royalty on the Troilus project [20]

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]

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 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 ...

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 ...