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An announcement from Sandstorm Gold ( (TSE:SSL) ) is now available.
In 2024, Sandstorm Gold Ltd. celebrated its 15th anniversary, marking significant progress from its inception. The company made substantial debt repayments totaling $80 million in 2024, with an additional $15 million repaid by February 2025, reflecting its focus on financial health amid record-high gold prices. The commencement of production at the Greenstone gold mine in Ontario was a highlight, with Sandstorm expecting to receive 8,000–10,000 ounces of gold annually from this venture. The company’s strategic plans include increasing share buybacks to enhance per-share growth, leveraging its strong balance sheet. Additionally, Sandstorm’s portfolio is set for further expansion, with future production at major projects like Platreef, contributing to its anticipated growth trajectory.
More about Sandstorm Gold
Sandstorm Gold Ltd. is a prominent player in the precious metals sector, primarily focusing on royalty and streaming agreements. The company is among the top six precious metals royalty firms worldwide, with a strong emphasis on growth and shareholder value.
YTD Price Performance: 14.44%
Average Trading Volume: 4,371,964
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.89B
See more insights into SSL stock on TipRanks’ Stock Analysis page.
