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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
Financial Performance - Sandstorm Gold Royalties reported total revenue of $35.4 million in Q1 2022, compared to $31.0 million in Q1 2021[46] - Attributable gold equivalent ounces sold were 18,741 in Q1 2022, up from 17,444 in Q1 2021[46] - The average realized gold price from the company's gold streams increased to $1,887 per ounce in Q1 2022 from $1,777 in Q1 2021[46] - Cash flows from operating activities excluding changes in non-cash working capital were $26.7 million in Q1 2022, compared to $23.0 million in Q1 2021[46] - Net income increased to $9.1 million in Q1 2022 from $5.0 million in Q1 2021[46] Acquisitions and Portfolio - Sandstorm Gold Royalties completed transformative acquisitions totaling $1.1 billion [10] - The acquisitions include Nomad Royalty Company for $590 million and the BaseCore Royalty Package for $525 million [11] - The company expects nearly 90% of its 2025 revenue to come from precious metals [8] - Sandstorm Gold Royalties is catching up to the production of Royal Gold [14] Assets and Production - A significant portion of attributable gold equivalent ounces comes from Chapada (4,526 ounces) [49] - The company has exposure to silver through the Yamana silver stream [49] - The company has 61% of attributable gold equivalent ounces from South America [53]
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].
Sandstorm Gold .(SAND) - 2021 Q4 - Earnings Call Transcript
2022-02-18 20:44
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 .(SAND) - 2021 Q4 - Earnings Call Presentation
2022-02-18 05:47
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 ...
Sandstorm Gold .(SAND) - 2021 Q4 - Annual Report
2022-02-17 21:51
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 .(SAND) - 2021 Q3 - Earnings Call Transcript
2021-11-05 00:01
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 .(SAND) - 2021 Q3 - Earnings Call Presentation
2021-11-04 18:08
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 ...