Sandstorm Gold Ltd ( (SAND) ) has released its Q4 earnings. Here is a breakdown of the information Sandstorm Gold Ltd presented to its investors.
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Sandstorm Gold Ltd., a leading precious metals royalty company, has showcased robust financial performance and strategic advancements in its latest earnings report. Celebrating its 15th anniversary, Sandstorm has made significant strides in debt reduction and asset growth, with notable developments at key projects such as the Greenstone gold mine and Platreef. In 2024, Sandstorm reported $176.3 million in revenue, alongside a strategic deleveraging initiative that saw $80 million in net debt repayments. The company also recommenced its share buyback program, canceling approximately 2 million shares, and established an Automatic Share Purchase Plan to further capitalize on its undervaluation.
Key financial highlights include a net income of $15.5 million and cash flows from operating activities of $139 million for the year. The Greenstone gold mine commenced commercial production, expected to deliver 8,000–10,000 ounces of gold annually. The Platreef project in South Africa also advanced, aiming to be the world’s largest PGM mine, with anticipated gold deliveries of 10,000 ounces annually. Sandstorm has also benefitted from Argentina’s new promotional regime, enhancing the value of the Gualcamayo and MARA projects.
Looking forward, Sandstorm anticipates significant growth, with its portfolio poised to double production by 2030, achieving annual outputs exceeding 150,000 gold equivalent ounces. Management remains optimistic about future prospects, driven by strategic acquisitions and favorable market conditions, ensuring continued value creation for shareholders.
