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Sandstorm Gold .(SAND) - 2023 Q2 - Earnings Call Transcript
2023-08-04 17:22
Fortunately for Sandstorm, we can show over 30% growth in production to 125,000 ounces per year by 2027 from assets we already have purchased, and mines that are already in construction or going into construction imminently, with the four primary mines being Greenstone, currently being built by Equinox, Platreef, which is currently being built by Ivanhoe, Hod Maden, which is going into construction next year by SSR, and the Robertson Mine, which is part of the Cortez trend and is being built by Barrick. The ...
Sandstorm Gold .(SAND) - 2023 Q1 - Earnings Call Transcript
2023-05-11 18:56
Marcus Giannini [Operator Instructions]. We have no further questions. You may proceed. Sandstorm Gold Ltd. (NYSE:SAND) Q1 2023 Results Conference Call May 11, 2023 11:30 AM ET Company Participants Nolan Watson - CEO Erfan Kazemi - CFO David Awram - Co-Founder & SVP Conference Call Participants Marcus Giannini - H.C. Wainwright 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 2023 First Quar ...
Sandstorm Gold .(SAND) - 2022 Q4 - Earnings Call Transcript
2023-02-22 20:19
Sandstorm Gold Ltd (NYSE:SAND) Q4 2022 Earnings Conference Call February 22, 2023 11:30 AM ET Company Participants Nolan Watson - Co-Founder, President & CEO Erfan Kazemi-Esfahani - CFO David Awram - Co-Founder & SVP Conference Call Participants Derick Ma - TD Securities Operator Good day. My name is Michelle, and I will be your conference operator today. At this time, I would like to welcome everyone to the Sandstorm Gold Royalties 2022 Fourth Quarter and Annual Financial Results Conference Call. [Operator ...
Sandstorm Gold .(SAND) - 2022 Q4 - Earnings Call Presentation
2023-02-22 17:24
SANDSTORM GOLD ROYALTIES Annual Results Conference Call CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION AND NON-IFRS MEASURES Execept for the statements of historical fock ontained herein, the information presented constitutes "prwrol-looking statements" with inte measong of the U.S. Securities Ac the Pinted Securities Litgation Refern Act of 1955 and applicable Canadian securities legislotion, concerning the business, porclóres and finantial performance and conditio docking statements include, but ar ...
Sandstorm Gold .(SAND) - 2022 Q4 - Annual Report
2023-02-21 21:55
Financial Performance - Revenue for the year ended December 31, 2022, was $148.7 million, a record increase from $114.9 million in 2021, representing a 29.4% growth[73]. - Net income for the year ended December 31, 2022, was $78.5 million, compared to $27.6 million in 2021, reflecting a significant increase of 184.5%[73]. - Cash flows from operating activities for the year ended December 31, 2022, were $109.8 million, up from $83.5 million in 2021, indicating a 31.5% increase[74]. - Total revenue for the year ended December 31, 2022, was $148.7 million, a 29.5% increase from $114.9 million in 2021[202]. - Royalty revenue increased to $50.9 million in 2022, compared to $43.1 million in 2021, marking a 17.5% growth[202]. - The company declared dividends of $15.0 million in 2022, up from $3.0 million in 2021[202]. - The company reported a net income of $78.5 million for the year ended December 31, 2022, compared to $27.6 million in 2021[231]. Production and Guidance - Attributable Gold Equivalent ounces for the year ended December 31, 2022, were 82,376 ounces, up from 67,548 ounces in 2021, marking a 21.9% increase[73]. - The company forecasts Attributable Gold Equivalent ounces to be between 85,000 and 100,000 ounces in 2023, with an expected increase to approximately 140,000 ounces by 2025[88]. - Sandstorm's long-term production guidance is expected to increase by approximately 40% due to recent acquisitions[77]. - The Nomad and BaseCore acquisitions are expected to increase Sandstorm's production by more than 85% between 2022 and 2025[77]. Acquisitions and Investments - Sandstorm completed an equity financing for gross proceeds of $92.1 million in October 2022, primarily used to reduce amounts drawn under its revolving credit facility[84]. - The company will receive a debenture of $105 million to $150 million with an interest rate of approximately 3% over a 10-year term, subject to cash flow conditions[103]. - Sandstorm holds a 20.1% non-diluted ownership position in Sandbox, accounting for it under the equity method[103]. Cash Flow and Financing - In August 2022, Sandstorm amended its revolving credit agreement to allow borrowing up to $625 million, maintaining sustainability-linked performance targets[84]. - As of the date of the report, $486 million remains drawn under the $625 million Revolving Facility[196]. - Net cash inflows from financing activities in 2022 were $497.6 million, compared to net cash outflows of $34.2 million in 2021[263]. - The Company had cash and cash equivalents of $7.0 million as of December 31, 2022, down from $16.2 million a year earlier[260]. Operational Highlights - The average annual payment from the Antamina NPI has been approximately $19 million, with $25 million received in 2022[114]. - Sandstorm's Blyvoor Gold Stream agreement allows for 10% of gold production until 16,000 ounces are delivered, then 5% thereafter[121]. - The Houndé gold mine has a Proven and Probable Mineral Reserve of 2.1 million ounces of gold within 39.2 million tonnes of ore[126]. - The average cash cost per Attributable Gold Equivalent ounce and cash operating margin were highlighted as key performance measures[247]. Quarterly Performance - Total revenue for Q4 2022 was $38,448,000, a slight decrease from $38,951,000 in Q3 2022[217]. - Attributable Gold Equivalent ounces sold in Q4 2022 were 21,753 ounces, down from 22,606 ounces in Q3 2022[217]. - Cash flows from operating activities in Q4 2022 were $26,266,000, an increase from $25,090,000 in Q3 2022[217]. - The net loss for the same period was $2.1 million, compared to a net income of $7.4 million in Q4 2021[225]. Asset Management - The total assets of the company as of December 31, 2022, were $1.97 billion, significantly higher than $620.9 million in 2021[202]. - Total assets as of December 31, 2022, were $1,974,777,000, an increase from $1,928,271,000 in Q3 2022[217]. - Total assets increased by $46.5 million from September 30, 2022, to December 31, 2022, primarily due to additions in Stream, royalty, and other interests[243].
Sandstorm Gold .(SAND) - 2022 Q2 - Earnings Call Transcript
2022-08-12 18:56
Sandstorm Gold Ltd. (NYSE:SAND) Q2 2022 Earnings Conference Call August 12, 2022 11:30 AM ET Company Participants Nolan Watson - CEO Erfan Kazemi - CFO David Awram - Senior EVP Conference Call Participants Marcus Giannini - H.C. Wainwright Trevor Turnbull - Scotiabank Derick Ma - TD Securities 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 2022 Second Quarter Results Conference Call [Opera ...
Sandstorm Gold .(SAND) - 2022 Q2 - Quarterly Report
2022-07-13 21:06
Exhibit 99.1 2022 Management Information Circular For the Special Meeting of Shareholders to be held on August 9, 2022 1 Table of Contents NOTICE OF SPECIAL MEETING OF SHAREHOLDERS 5 QUESTIONS AND ANSWERS RELATING TO THE SANDSTORM MEETING AND THE ARRANGEMENT 7 GLOSSARY OF DEFINED TERMS 18 GENERAL INFORMATION 39 Information Contained in this Circular 39 Information Concerning Nomad 40 Non-IFRS Financial Performance Measures 40 Presentation of Financial Information 40 Pro Forma Financial Statements 41 Currenc ...
Sandstorm Gold .(SAND) - 2022 Q1 - Earnings Call Presentation
2022-05-13 20:58
SANDSTORM GOLD ROYALTIES First Quarter Results Conference Call 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 statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and fina ...
Sandstorm Gold .(SAND) - 2022 Q1 - Earnings Call Transcript
2022-05-12 17:54
Sandstorm Gold Ltd. (NYSE:SAND) Q1 2022 Results Conference Call May 12, 2022 11:30 AM ET Company Participants Nolan Watson - President & Chief Executive Officer Erfan Kazemi - Chief Financial Officer David Awram - Co-Founder, SVP & Non-Independent Director Conference Call Participants Trevor Turnbull - Scotiabank Operator Good morning. My name is Michelle, and I will be your conference operator today. At this time, I would like to welcome everyone to the Sandstorm Gold Royalties 2022 First Quarter Results C ...
Sandstorm Gold .(SAND) - 2022 Q1 - Quarterly Report
2022-03-31 21:12
Dividends - Sandstorm Gold Royalties declared a second quarterly cash dividend for 2022 of C$0.02 per common share, payable on April 29, 2022[1]. - Future dividends will be subject to the discretion of the Board of Directors and may be amended based on the company's financial position and other factors[2]. Portfolio and Production - The company has a portfolio of 230 royalties, with 29 underlying mines currently in production[6]. - Sandstorm aims to grow and diversify its low-cost production profile through the acquisition of additional gold royalties[6]. Financial Reporting - The company filed its Form 40-F for the year ended December 31, 2021, with the SEC, which is available on EDGAR[3]. - Financial information is prepared in accordance with International Financial Reporting Standards, differing from US GAAP[7]. - Sandstorm's mineral reserve and resource estimates are made in accordance with Canadian standards, which differ from U.S. requirements[8]. Forward-Looking Statements and Risks - Forward-looking statements include expectations regarding future dividends, gold prices, and mineral reserve estimates[10]. - Risks affecting future performance include market conditions, commodity price volatility, and regulatory changes[12]. - The company does not guarantee that any forward-looking statements will prove accurate, as actual results may differ materially[12].