The earnings call highlights a strong financial quarter for Sandstorm, with record revenue, significant net income growth, and positive progress on key projects and transactions. However, there were challenges such as a decrease in gold equivalent ounces and lower recoveries at Chapada. Overall, the positive elements significantly outweigh the challenges.

Company Guidance -

Q3 2025

During the Sandstorm Gold 2025 Second Quarter Results Conference Call, the company provided extensive guidance on its recent performance and strategic initiatives. Sandstorm reported a record quarterly revenue of $51.4 million, a 24% increase year-over-year, driven by strong realized gold prices averaging over $3,300 per ounce. Although the company sold approximately 15,100 attributable gold equivalent ounces, a decrease from the previous year due to the relative outperformance of gold, robust gold prices compensated for the lower volumes, resulting in record cash operating margins of $2,981 per ounce. Sandstorm's operating cash flow was $37.7 million, supporting a net debt repayment of $25 million, and net income rose by 61% to $16.9 million. The company reiterated its full-year production forecast of 65,000 to 80,000 gold equivalent ounces. The proposed acquisition by Royal Gold was discussed, highlighting increased diversification, with the top 10 assets now representing only 61% of net asset value post-acquisition. The transaction is expected to close in the fourth quarter of 2025. Additionally, Sandstorm provided updates on various projects, including Greenstone, which showed a 15% increase in gold production quarter-over-quarter, and the Platreef project, scheduled to commence ore processing in Q4 2025.

Record Cash Flow

Sandstorm Gold recognized very strong cash flow with over $38 million of operating cash flow in Q2.

Positive Transaction Outlook

The acquisition of Sandstorm by Royal Gold has received a positive response from shareholders, anticipating no challenges in securing required votes.

Record Revenue and Operating Margin

Sandstorm delivered a record quarter in terms of revenue and operating margin with total revenue of $51.4 million, a 24% increase compared to the same period last year.

Significant Net Income Growth

The company ended the quarter with a net income of $16.9 million, a 61% increase year-over-year.

Successful Debt Reduction

The company made net debt repayments of $25 million during the quarter, supporting their deleveraging efforts.

Improved Production Forecast

Full-year production is forecasted to be between 65,000 and 80,000 gold equivalent ounces, with expectations of increased production in the second half of the year.

Exploration and Development Success

Projects like Equinox's Greenstone and Lundin Gold's Fruta del Norte showed strong exploration and ramp-up progress, indicating future growth.

Sandstorm Gold (SAND) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SAND Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	0.05 / -	0.03	―	―	―
Aug 07, 2025	2025 (Q2)	0.05 / 0.05	0.03	66.67% (+0.02)	―
May 06, 2025	2025 (Q1)	0.04 / 0.04	0	―
Feb 18, 2025	2024 (Q4)	0.04 / 0.01	0.08	-87.50% (-0.07)
Nov 07, 2024	2024 (Q3)	0.03 / 0.03	0.01	200.00% (+0.02)
Aug 01, 2024	2024 (Q2)	0.02 / 0.03	0.025	20.00% (<+0.01)
May 02, 2024	2024 (Q1)	0.01 / 0.00	0.05	―
Feb 15, 2024	2023 (Q4)	0.02 / 0.08	-0.01	900.00% (+0.09)
Nov 06, 2023	2023 (Q3)	0.01 / 0.01	0.03	-66.67% (-0.02)
Aug 03, 2023	2023 (Q2)	0.02 / 0.03	0.02	25.00% (<+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SAND Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$10.16	$10.42	+2.56%
May 06, 2025	$8.85	$8.70	-1.69%
Feb 18, 2025	$6.46	$5.96	-7.74%
Nov 07, 2024	$6.29	$5.74	-8.74%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Sandstorm Gold (SAND) report earnings?

Sandstorm Gold (SAND) is schdueled to report earning on Nov 10, 2025, After Close (Confirmed).

What is Sandstorm Gold (SAND) earnings time?

Sandstorm Gold (SAND) earnings time is at Nov 10, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SAND EPS forecast?

SAND EPS forecast for the fiscal quarter 2025 (Q3) is 0.05.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing