OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Sandstorm looking good – finally something I actually own. Selling RGLD, buying SAND?

Posted by Buygold @ 12:49 on October 31, 2019  

Sandstorm Gold Royalties Announces Record 2019 Third Quarter Results

4:38 pm ET October 30, 2019 (Accesswire) Print
VANCOUVER, BC / ACCESSWIRE / October 30, 2019 / Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American:SAND, TSX:SSL) has released its results for the third quarter ended September 30, 2019 (all figures in U.S. dollars).

Third Quarter Highlights

  • Record attributable gold equivalent ounces sold1 of 17,289 ounces (Q3 2018: 14,314 ounces);
  • Record revenue of $25.8 million (Q3 2018: $17.3 million);
  • Record cash flows from operating activities, excluding changes in non-cash working capital1of $18.2 million (Q3 2018: $11.7 million);
  • Average cash cost per attributable gold equivalent ounce1 of $288 resulting in cash operating margins1 of $1,203 per ounce (Q3 2018: $248 per ounce and $960 per ounce respectively);
  • Net income of $6.2 million (Q3 2018: $2.1 million);
  • Normal Course Issuer Bid: Under Sandstorm’s normal course issuer bid, the Company purchased and cancelled approximately 2.4 million shares during the third quarter of 2019;
  • Commercial production at Aurizona: On July 1, 2019, Equinox Gold Corp. achieved commercial production at the Aurizona mine. Sandstorm has a 3%-5% sliding scale net smelter returns (“NSR”) royalty on the project. At gold prices less than or equal to $1,500 per ounce, the royalty is a 3% NSR royalty. At gold prices between $1,500 and $2,000 per ounce, the royalty is a 4% NSR royalty.

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.