Sandstorm Gold Ltd (SAND) Reports Q1 Revenues Above Estimates

May 9, 2018 4:35 PM EDT

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Sandstorm Gold Ltd (NYSE: SAND) reported Q1 revenue for the quarter came in at $19.5 million versus the consensus estimate of $19 million.


  • Record revenue of $19.5 million (Q1 2017 - $18.8 million);
  • Attributable gold equivalent ounces sold1 of 14,685 ounces (Q1 2017 – 15,558 ounces);
  • Average cash cost per attributable gold equivalent ounce of $276 resulting in cash operating margins1 of $1,050 per ounce (Q1 2017 - $258 per ounce and $952 per ounce respectively);
  • Cash flows from operating activities, excluding changes in non-cash working capital1, of $13.4 million (Q1 2017 – $13.2 million);
  • Net income of $0.4 million (Q1 2017 – $7.0 million);
  • On January 17, 2018, the Company completed its previously announced transaction to acquire a 2.0% NSR on the producing Houndé gold mine in Burkina Faso which is owned and operated by Endeavour Mining Corporation.
  • In January 2018, the Company completed its previously announced arrangement to sell $18.3 million in debt and equity securities of Equinox Gold Corp. The monetization of a significant portion of Sandstorm's debt and equity investments is a part of the Company's strategy of selling non-core assets and using the capital raised to continue growing the stream and royalty portfolio.
  • Sandstorm acquired 4 royalties on exploration-stage projects in Canada and Mexico. The Company now has 180 royalties in its portfolio.

For earnings history and earnings-related data on Sandstorm Gold Ltd (SAND) click here.

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