Sandstorm Gold Reports Q2 Results and Deleveraging Efforts

Sandstorm Gold (TSE:SSL) has released an update.

Sandstorm Gold Royalties reported a decrease in Q2 2024 revenue to $41.4 million from $49.8 million in the previous year, alongside a drop in gold equivalent ounces sold. The company made significant strides in deleveraging its balance sheet with $27 million in net debt repayments and continued its commitment to shareholder returns by announcing a dividend and share repurchases. Their production forecast anticipates growth, expecting to reach approximately 125,000 attributable gold equivalent ounces within the next five years.

For further insights into TSE:SSL stock, check out TipRanks’ Stock Analysis page.