Sandstorm Gold Ltd. (NYSE:SAND) Q4 2021 Results Conference Call February 18, 2022 11:30 AM ET Company Participants Nolan Watson - President & Chief Executive Officer Erfan Kazemi - Chief Financial Officer Conference Call Participants Josh Wolfson - RBC Capital Markets Brian MacArthur - Raymond James Derick Ma - TD Securities John Tumazos - John Tumazos Very Independent Research Heiko Ihle - H.C. Wainright Operator Good morning. My name is Anes, and I will be your conference operator today. At this time, I w ...

SANDSTORM GOLD ROYALTIES Annual 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 financial p ...

Financial Performance - Net income for the year ended December 31, 2021 was $27.6 million, a record for the Company, compared to $13.8 million in 2020[52] - Revenue for the year ended December 31, 2021 was $114.9 million, representing a record for the Company, compared to $93.0 million in 2020[52] - Cash flows from operating activities for the year ended December 31, 2021 were $83.5 million, a record for the Company, compared to $68.3 million in 2020[53] - Total revenue for FY 2021 reached $114.86 million, a 23.5% increase from $93.03 million in FY 2020[147] - Net income for FY 2021 was $27.62 million, significantly higher than $13.82 million in FY 2020, representing a 100% increase[147] - Basic and diluted income per share for FY 2021 was $0.14, compared to $0.07 in FY 2020, reflecting a 100% increase[147] - Cash flows from operating activities for FY 2021 were $81.14 million, a 23.5% increase from $65.62 million in FY 2020[147] - For Q4 2021, total revenue was $29.8 million, a slight increase from $29.7 million in Q4 2020, driven by a 5% increase in Attributable Gold Equivalent ounces sold[170] - Net income for Q4 2021 was $7.4 million, down from $10.5 million in Q4 2020, primarily due to a $3.1 million decrease in gains from investment revaluation[170] Production and Reserves - Attributable Gold Equivalent ounces for the year ended December 31, 2021 were 67,548 ounces, a record compared to 52,176 ounces in 2020[52] - The Company forecasts attributable Gold Equivalent production to be between 65,000–70,000 ounces in 2022, with potential to exceed 100,000 ounces in 2025[65] - The Houndé Tenements host a Proven and Probable Mineral Reserve containing 2.1 million ounces of gold within 39.2 million tonnes of ore, with an average grade of 1.7 grams per tonne gold[79] - An updated Inclusive Resource includes 3.3 million ounces of Measured and Indicated Resources contained in 61.6 million tonnes of ore, with an average grade of 1.75 grams per tonne gold[80] - As of December 31, 2020, the Fruta del Norte Mineral Reserve contains an estimated 5.24 million ounces of gold in 20.3 million tonnes of ore, with an average grade of 8.03 grams per tonne[89] - The Hod Maden project has a Proven and Probable Mineral Reserve of 2.5 million ounces of gold and 129,000 tonnes of copper, with a pre-tax net present value of $1.3 billion and an internal rate of return of 41%[123] - The Lobo-Marte Project has a new Probable Mineral Reserve of 6.7 million ounces of gold, with a total life of mine production estimated at approximately 4.7 million gold ounces over a 16-year mine life[136] Financing and Investments - The Company announced a $60 million financing package to acquire the Mercedes gold-silver mine in Mexico, expected to close by March 31, 2022[56] - Sandstorm amended its revolving credit agreement to allow borrowing up to $350 million, incorporating sustainability-linked performance targets[61] - The Company has committed to purchase various streams, including 8% of the Black Fox stream at $577 per ounce and 20% of the Santa Elena stream at $468 per ounce[203] - The Company announced a $60 million financing package in December 2021 to acquire the Mercedes gold-silver mine in Mexico, which includes a $37.5 million Gold Stream and a $22.5 million convertible debenture[207] - The Company has an at-the-market equity program allowing it to issue up to $140 million worth of common shares, which has not yet been utilized[210] Market and Economic Conditions - The price of the Company's common shares and financial results may be significantly affected by fluctuations in the prices of gold, silver, copper, and iron ore[233] - Continued volatility in global economic conditions may adversely affect commodity prices and investor confidence[248] - Global markets have been adversely impacted by COVID-19, which could lead to economic downturns affecting the Company's business[247] Operational Risks - The Company has no control over the mining operations and is subject to risks that could lead to temporary or permanent shutdowns of the Mines[226] - The Company operates in various countries, exposing it to political, economic, and regulatory risks that could adversely affect operations and profitability[230] - Stricter environmental regulations are anticipated, which may increase operational costs and affect the Company's results[243] - The Company's financial results may be significantly impacted by the ability of Mines operators to access capital, with potential bankruptcy risks[244] Shareholder Returns - Sandstorm declared its inaugural dividend of CAD$0.02 per share on December 15, 2021, to be paid quarterly[61] - The Company had cash and cash equivalents of $16.2 million as of December 31, 2021, down from $113.8 million a year earlier, with working capital decreasing to $26.3 million from $120.9 million[198] - The total key management compensation expense for the year ended December 31, 2021, was CAD 6,956,000, an increase of 23.5% from CAD 5,629,000 in 2020[215]

Sandstorm Gold Ltd. (NYSE:SAND) Q3 2021 Earnings Conference Call November 4, 2021 11:30 AM ET Company Participants Nolan Watson - President & Chief Executive Officer Erfan Kazemi - Chief Financial Officer Dave Awram - Senior Executive Vice President Conference Call Participants Heiko Ihle - H.C. Wainwright 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 Conference Call. All lines have bee ...

SANDSTORM GOLD ROYALTIES Third 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 ...

INVESTOR PRESENTATION NYSE SAND TSX SSL A Brighter Way to Invest in Gold SANDSTORM SANDSTORM AUGUST 2021 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, co ...

Sandstorm Gold Ltd (NYSE:SAND) Q2 2021 Earnings Conference Call August 6, 2021 11:00 AM ET Company Participants Nolan Watson – President and Chief Executive Officer Erfan Kazemi – Chief Financial Officer Dave Awram – Senior Executive Vice President Conference Call Participants Heiko Ihle – H.C. Wainwright Farwell Farwell – ROTH Capital John Tumazos – John Tumazos Very Independent Research Brian MacArthur – Raymond James Operator Good morning. My name is Grant, and I'll be the conference operator today. At t ...

Sandstorm Gold Ltd. (NYSE:SAND) Q1 2021 Earnings Conference Call April 30, 2021 11:30 AM ET Company Participants Nolan Watson - President and CEO Erfan Kazemi - CFO David Awram - Senior EVP Conference Call Participants Heiko Ihle - H.C. Wainwright Hilary Chak - Canaccord Genuity Derick Ma - TD Securities John Tumazos - Very Independent Research Brian MacArthur - Raymond James Operator Good morning. My name is Kreda [ph] and I will be your conference operator today. At this time, I would like to welcome ever ...

INVESTOR PRESENTATION NYSE SAND TSX SSL A Brighter Way to Invest in Gold SANDSTORM SANDSTORM APRIL 2021 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, con ...

Sandstorm Gold Ltd. (NYSE:SAND) Q4 2020 Earnings Conference Call February 12, 2021 11:30 AM ET Company Participants Nolan Watson - President and Chief Executive Officer Erfan Kazemi - Chief Financial Officer David Awram - Senior Executive Vice President Conference Call Participants Heiko Ihle - H.C. Wainwright Matthew Farwell - ROTH Capital John Tumazos - John Tumazos Very Independent Research Josh Wilson - RBC Capital Markets Operator Good morning. My name is Lindsey and I will be your conference operator ...