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Sandstorm Gold Reports Strong 2024 Results and Strategic Advancements

Story Highlights
  • Sandstorm Gold’s 2024 results showed strong performance with $176.3 million in revenue.
  • Key projects advanced in 2024, including Greenstone and Antamina, with major investments planned.
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Sandstorm Gold Reports Strong 2024 Results and Strategic Advancements

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Sandstorm Gold ( (TSE:SSL) ) just unveiled an announcement.

Sandstorm Gold Ltd. announced its 2024 financial results, showcasing strong performance driven by robust commodity prices. The company reported annual revenue of $176.3 million and a record cash operating margin of $2,097 per attributable gold equivalent ounce. Despite a decline in production and net income compared to 2023, Sandstorm focused on strengthening its balance sheet by repaying $80 million in net debt and monetizing non-core assets. The company also returned over $28 million to shareholders through dividends and share repurchases. Significant advancements were made in key projects, including the commencement of gold deliveries from the Greenstone gold stream and approval for Antamina’s environmental impact assessment, allowing an $2 billion investment. The company plans to increase its share buyback program in 2025, highlighting its commitment to shareholder returns.

More about Sandstorm Gold

Sandstorm Gold Ltd. operates in the precious metals sector, primarily focusing on gold royalties and streaming. The company provides funding to mining operations in exchange for a percentage of the mine’s future revenue or a fixed amount of the metal produced.

YTD Price Performance: 14.44%

Average Trading Volume: 4,371,964

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.89B

For a thorough assessment of SSL stock, go to TipRanks’ Stock Analysis page.

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