Group 1 - Sandstorm Gold Ltd. provides updates on drilling and exploration from its diversified portfolio of streaming and royalty assets [1] - Lundin Gold Inc. reports additional results from its near-mine drilling program, expanding the Bonza Sur gold deposit with a total of 56,000 metres planned for 2024 [2][3] - Bonterra Resources Inc. announces high-grade drill results from the Phoenix JV Moss Target, confirming mineralization similar to the high-grade Lynx Zone [6][7] Group 2 - Awalé Resources Limited reports high-grade intercepts from its ongoing drill program at the Odienné project, with significant results at both the BBM and Charger Zones [11][12] - Antipa Minerals Ltd. completes its Phase 1 drilling program at the Minyari Dome gold-copper project, revealing near-surface and high-grade gold mineralization [16][17] - Troilus Gold Corp. announces the discovery of a new gold zone, the West Rim Zone, as part of its ongoing drill program [21][22]

Core Viewpoint - Sandstorm Gold Ltd. is providing updates on key development projects within its diversified portfolio of streaming and royalty assets, highlighting significant milestones and production ramp-ups at various mines [1]. Group 1: Greenstone Gold Mine - Equinox Gold Corp. officially opened its 100% owned Greenstone mine in Ontario on August 29, 2024, marking it as a cornerstone asset and one of Canada's largest and lowest-cost gold producers [2][3]. - The Greenstone mine began construction in October 2021, poured its first gold in May 2024, and ramped up production, achieving approximately 2,625 ounces in May, 13,625 ounces in June, and 19,750 ounces in July [3]. - Sandstorm holds a gold stream on the Greenstone mine, allowing it to purchase 2.375% of gold produced until 120,333 ounces are delivered, then 1.583% thereafter, with ongoing payments equal to 20% of the spot price of gold plus up to US$30 per ounce in ESG contributions [4]. Group 2: Platreef Project - Ivanhoe Mines Ltd. reported the completion of the Phase 1 concentrator at its Platreef PGM mine in South Africa, which is now in cold commissioning and will be on care and maintenance until the second half of 2025 [5][6]. - Construction of Shaft 2, critical for the Phase 3 expansion, is progressing well, with headgear approximately 60% complete and sinking expected to commence in Q1 2025 [6]. - Sandstorm holds a gold stream on the Platreef project, allowing it to purchase 37.5% of payable gold produced until 131,250 ounces are delivered, then 30% until 256,980 ounces, and 1.875% thereafter, with ongoing cash payments of US$100 per ounce until 256,980 ounces are delivered [8]. Group 3: Woodlawn Project - Develop Global Limited secured a US$65 million prepayment/loan facility for its Woodlawn copper-zinc mine, increasing the project's net present value by 11% to A$728 million and forecasting a pre-tax free cash flow of A$1.1 billion over a 10-year mine plan [9]. - Sandstorm has a silver stream on the Woodlawn project, allowing it to receive silver equal to 80% of payable silver produced, up to a maximum value of A$27 million, and an additional stream for tailings ore processed [11]. Group 4: Bayan Khundii Project - Erdene Resource Development Corp. reported 30% construction completion at the Bayan Khundii gold project in Mongolia, with first gold production anticipated in mid-2025 [12]. - Exploration efforts in the Khundii Minerals District have identified new gold targets, with drilling underway to expand the resource base [13]. - Sandstorm holds a 1.0% net smelter returns royalty on the Bayan Khundii project [14]. Group 5: Côte d'Ivoire Assets - Allied Gold Corporation closed US$53 million in stream financing for its Côte d'Ivoire Complex, allocating US$16.5 million in 2024 to advance high-priority targets [15][17]. - Sandstorm amended its Bonikro gold stream to ensure minimum annual deliveries of 4,000–6,000 ounces from 2024 to 2026 [17].

Core Viewpoint - The article argues that while gold has historically been viewed as a safe investment, it has underperformed compared to equities over long periods, making companies like Sandstorm Gold Ltd. (SAND) a more attractive investment option due to their royalty streams and potential for growth [3][4][20]. Company Overview - Sandstorm Gold is a 'Gold Streamer' that finances mining companies in exchange for royalty contracts, allowing it to benefit from gold price increases and production growth [5][6]. - The company has a diverse portfolio of royalty contracts, which include a mix of Net Smelter Return (NSR) and fixed cost contracts [6]. Financial Performance - Sandstorm Gold faced challenges during the COVID-19 pandemic, which impacted earnings despite rising gold prices [7]. - The company made significant acquisitions in 2022, which strengthened its portfolio but also increased debt and diluted shares by 50% [8][9]. - Recent financial progress includes a focus on debt reduction and a robust cash flow from operations, despite some temporary setbacks in net income [10][11]. Growth Potential - Sandstorm Gold expects to double its gold production over the next five years as key assets transition from development to production [12]. - The company has a strong position in low-cost, high-production assets, which is expected to enhance its growth potential [13]. Valuation - Sandstorm Gold is considered undervalued compared to its peers, with potential upside of 30-40% based on multiple normalization [15][16]. - The combination of production growth and rising gold prices could lead to a potential upside of 50-60% over the next 24 months [16][17]. Conclusion - Overall, Sandstorm Gold is viewed as a compelling investment opportunity for those looking to add gold exposure to their portfolios, with anticipated growth and a recharged balance sheet expected to drive investor interest [20].

SANDSTORM GOLD ROYALTIES NYSE SAND TSX SSL | --- | --- | --- | --- | --- | --- | |--------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Investor | | | | | | | | | | | | | | Presentation | | | | | | | AUGUST 2024 | | | | | | a brighter way to Invest In Gold® CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION AND NON-IFRS MEASURES Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking ...

Financial Data and Key Metrics Changes - In Q2 2024, gold equivalent production totaled just over 17,400 attributable ounces, which was below expectations due to temporary issues at several mines [11][3] - The company recognized revenues of over $41 million during the second quarter, driven by stronger gold prices, with an average realized gold price of $2,313 per ounce [11][12] - Net income for the quarter was $10.5 million, a significant increase from $2.7 million in the same period in 2023, partly due to a fair value revaluation gain of approximately $7 million [13] Business Line Data and Key Metrics Changes - The Q2 production dip was attributed to lower performance at Aurizona, Cerro Moro, and Chapada, with Greenstone mine starting to ramp up production in Q3 [3][4] - Revenue comprised $25.8 million from streaming contracts and $15.5 million from royalty revenue, with cash flow from operating activities at $32.6 million [12][13] - The realized selling price of silver increased to approximately $28 per ounce compared to $25 in Q2 2023, while copper sales increased by 56% [15] Market Data and Key Metrics Changes - Over 80% of ounces sold came from operations in the Americas, with 17% from Canada, expected to increase as Greenstone ramps up [16] - The company continues to focus on precious metals, with nearly 70% of attributable production coming from this sector [17] Company Strategy and Development Direction - The company aims to reduce debt to $350 million by the end of the year, with a focus on debt repayment and share buybacks [6][7] - Future growth is anticipated from existing assets like Greenstone, Platreef, and Hod Maden, which are expected to nearly double production [8][9] - The company is not considering transactions that would require raising equity, focusing instead on maintaining a strong balance sheet [10] Management's Comments on Operating Environment and Future Outlook - Management described Q2 as an uncharacteristically weak quarter but expects a rebound in production as temporary issues are resolved [3][4] - The company anticipates stronger production in the near term as Greenstone continues to ramp up following its first gold pour [12] - The portfolio is expected to generate after-tax cash flows of close to a quarter billion dollars per year by 2029 [9] Other Important Information - The company bought back and canceled nearly 460,000 common shares for a total consideration of $2.5 million during Q2 [14] - The settlement of a debenture with Versamet Royalties resulted in a significant gain, highlighting the value of past investments [13][14] Q&A Session Summary Question: What is the company's expectation for debt reduction? - The company aims to reduce debt to below $350 million by year-end, with potential for further reductions if cash flow remains strong [25][27] Question: Are there any discussions about monetizing assets? - The company does not engage in discussions about buying back streams of royalties and maintains a firm stance against such transactions [26] Question: What are the long-term targets for debt beyond 2024? - The focus is on reducing debt as much as possible before pursuing acquisitions, aiming for a strong financial position [27][28] Question: What is the status of the Arizona mine? - The company expects production to improve in the second half of the year as mining activities resume [33] Question: Where is the Evolve transaction currently on the balance sheet? - The Evolve transaction is recorded in cash, with the second payment of $5 million pending [37]

VANCOUVER, BC, Aug. 1, 2024 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) has released its financial results for the second quarter ended June 30, 2024 (figures in U.S. dollars unless otherwise indicated). Financial Highlights $41.4 million of revenue compared to $49.8 million in Q2 2023; 17,414 attributable gold equivalent ounces1 compared to 24,504 ounces in Q2 2023; $32.6 million in cash flows from operating activities, excluding cha ...

About Smart Sand: YARDLEY, Pa., July 26, 2024 /PRNewswire/ -- Smart Sand, Inc. (NASDAQ: SND) ("Smart Sand" or the "Company") announced today that it will release its first quarter financial results after the market closes on Tuesday, August 13, 2024. The Company will hold a conference call for investors on Wednesday, August 14, 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, J ...

The earnings report, which is expected to be released on August 1, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Revenues are expected to be $40.5 million, down 18.7% from the year-ago quarter. On the other hand, the stock currently carries a Zacks Rank of #2. For the last reported quarter, it was expected that Sandstorm Gold would post earnings of $0.01 per share when it actually produced a loss of $0.01, ...

Shares of Sandstorm Gold (SAND) have gained 6.6% over the past four weeks to close the last trading session at $5.84, 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 $7.61 indicates a potential upside of 30.3%. The mean estimate comprises 11 short-term price targets with a standard deviation of $1.29. While the lowest estimate of $6.50 indicates an 11.3% increase from the curren ...

Sandstorm Gold Ltd. (SAND) announced preliminary revenues and cash operating margins for the second quarter of 2024. Revenues in the quarter fell 16.9% year over year. The company's cash operating margin moved up 17.1%. SAND reported a preliminary cost of sales (excluding depletion) of $4.7 million, lower than the $5.6 million reported in the first quarter of 2023. The cash operating margin was $2,043 per attributable GEO in the quarter under review, higher than the prior-year quarter's $1,744. Price Perfor ...