Sandstorm Gold Aktie

Machbarkeitsstudie ist draußen. Produktion soll Ende 2024 anlaufen.

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wird mal wieder zeit für etwas outperformance...mittlerweile ist sandstorm so langweilig.
ich hab mal wieder bock auf einen richtigen run, bei dem man am liebsten jede std, den kurs checken will mehr »

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22:10 Uhr | CNW

DESIGNATED NEWS RELEASE

VANCOUVER, Nov. 17, 2021 - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce that Lidya Madencilik Sanayi ve Ticaret A.S. ("Lidya"), the operator of the Hod Maden project, has received the final approval of the Environmental Impact Assessment ("EIA") for the project from the Ministry of Environment and Urbanization of Turkey. The results from the Hod Maden Feasibility Study are expected to be released in the coming weeks.

"The granting of the EIA represents a major milestone for the Hod Maden project," announced Nolan Watson, Sandstorm's President & CEO. "This approval marks the next development phase and triggers several key catalysts for Lidya including the application for the final permits and initiating long-lead construction items." mehr »

VANCOUVER, BC, Nov. 3, 2021 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) has released its results for the third quarter ended September 30, 2021 (all figures in U.S. dollars unless stated otherwise).

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INITIATION OF DIVIDEND PROGRAM

Sandstorm is pleased to announce that the Company's Board of Directors has approved the initiation of the Company's quarterly dividend program. Sandstorm currently intends to declare and pay its first quarterly dividend of approximately C$0.02 per common share in the first quarter of 2022. In accordance with the rules of the Toronto Stock Exchange and the New York Stock Exchange, as applicable, Sandstorm will issue a press release at the time each quarterly dividend is declared.

The declaration, timing, amount, and payment of Sandstorm's first and all future dividends will be subject to the discretion and approval of the Board of Directors. The Company will review the dividend program on an ongoing basis and may amend it at any time depending on the Company's then current financial position, capital allocation framework, profitability, cash flow, debt covenant compliance, legal requirements and other factors considered relevant. As such, no assurances can be made that any future dividends will be declared and/or paid. Dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.

"At Sandstorm, we've built a globally diversified royalty and streaming portfolio comprised of low-cost assets generating significant cash flow," stated Nolan Watson, President & CEO. "We are very pleased that Sandstorm is able to sustainably support a dividend program while maintaining a competitive industry position that enables the continued growth of our asset base—both for the benefit of shareholders."

THIRD QUARTER HIGHLIGHTS

Attributable gold equivalent ounces1 of 15,514 ounces (Q3 2020 — 12,068 ounces);

Revenue of $27.6 million (Q3 2020 — $23.3 million);

Cash flows from operating activities, excluding changes in non-cash working capital1 of $20.8 million (Q3 2020 — $18.0 million);

Average cash cost per attributable gold equivalent ounce1 of $238 resulting in cash operating margins1 of $1,541 per ounce (Q3 2020 — $258 per ounce and $1,670 per ounce respectively);

Net income of $6.6 million (Q3 2020 —$6.5 million);

Expanded Credit Facility: On October 6, 2021, Sandstorm amended its revolving credit agreement allowing the Company to borrow up to $350 million and incorporating sustainability-linked performance targets to become the first royalty company to establish an Environment, Social, and Governance ("ESG") linked credit facility ("ESG Revolving Facility"). The ESG Revolving Facility incorporates sustainability-linked incentive pricing terms that allow Sandstorm to reduce borrowing costs as the Company's sustainability performance targets are met. The tenure of the facility is four years and is extendable by mutual consent of Sandstorm and the banking syndicate.

Normal Course Issuer Bid: Under Sandstorm's normal course issuer bid, the Company purchased and cancelled approximately 2.3 million shares for total consideration of $14.2 million during the third quarter of 2021. Subsequent to quarter end, Sandstorm purchased an additional 1.3 million shares for consideration of $8.2 million.
OUTLOOK

Based on the Company's existing royalties, attributable gold equivalent ounces for 2021 is forecast to be between 64,000 and 69,000 ounces. The Company is forecasting attributable gold equivalent production to be over 125,000 ounces in 2025.

FINANCIAL RESULTS

Sandstorm's revenue during the third quarter of 2021 was $27.6 million compared with $23.3 million for the comparable period in 2020. The increase is largely due to a 29% increase in the attributable gold equivalent ounces, partially offset by an 8% decrease in the average realized selling price of gold.

Net income was higher when compared to the same period in 2020 primarily due to an increase in revenue, partially offset by a $1.5 million decrease in gains recognized on the revaluation of the Company's investments. The increase in net income was also partially offset by an increase in depletion expense largely due to an increase in attributable gold equivalent ounces sold.

STREAMS & ROYALTIES

Of the gold equivalent ounces sold by Sandstorm during the third quarter of 2021, approximately 16% were attributable to mines located in Canada, 23% from the rest of North America, 53% from South America, and 8% from other countries. mehr »