Prnewswire·2025-03-25 12:15Core Viewpoint - Sandstorm Gold Ltd. has announced the early renewal of its normal course issuer bid (NCIB) and automatic share purchase plan (ASPP), allowing the company to repurchase up to 20 million common shares, approximately 7% of its issued shares, to capitalize on perceived undervaluation in the market [1][2][7]. Normal Course Issuer Bid (NCIB) - The new NCIB allows Sandstorm to purchase up to 20 million common shares, which is about 7% of the company's total issued shares as of March 13, 2025 [2]. - The previous NCIB was voluntarily terminated on March 24, 2025, and the new NCIB will commence on March 27, 2025, lasting until March 26, 2026, or until terminated [2][4]. - The maximum number of shares that can be purchased daily on the TSX is set at 73,110 shares, while on the NYSE, it is limited to 25% of the average daily trading volume for the preceding four weeks [3]. Automatic Share Purchase Plan (ASPP) - The company has renewed its ASPP to facilitate share purchases under the new NCIB, allowing purchases during periods when the company would typically be restricted from buying shares [6][9]. - The new ASPP permits the purchase of up to 15 million common shares and will be active for the duration of the new NCIB [9]. - The broker will execute purchases under the ASPP based on pre-established parameters provided by the company [8][9]. Share Repurchase Strategy - The company believes that its common shares may not always reflect their intrinsic value, and repurchasing shares under the NCIB is viewed as a strategic use of capital compared to other investment opportunities [7]. - From May 2024 to March 21, 2025, the company purchased 4,830,919 common shares at an average price of approximately C$8.18 on the TSX and US$5.96 on the NYSE [5].