Sandstorm Gold Royalties Reports Second Quarter Sales and Record Revenue; Financial Results August 7
Sandstorm Gold Royalties (NYSE: SAND) has reported strong preliminary Q2 2025 results, achieving record revenue of $51.4 million, up from $41.4 million in Q2 2024. The company sold 15,100 attributable gold equivalent ounces during the quarter, with record cash operating margins of $2,980 per attributable gold equivalent ounce, a significant increase from $2,043 in the comparable period.
Cost of sales, excluding depletion, was $5.3 million for Q2 2025. The company maintains strong liquidity with an undrawn credit facility balance of $310 million available, while carrying an outstanding balance of $315 million. Full financial results will be released on August 7, 2025.
Sandstorm Gold Royalties (NYSE: SAND) ha riportato risultati preliminari solidi per il secondo trimestre 2025, raggiungendo un fatturato record di 51,4 milioni di dollari, in aumento rispetto ai 41,4 milioni di dollari del secondo trimestre 2024. La societ脿 ha venduto 15.100 once equivalenti d'oro attribuibili durante il trimestre, con margini operativi in contanti record di 2.980 dollari per oncia equivalente d'oro attribuibile, un incremento significativo rispetto ai 2.043 dollari nello stesso periodo dell'anno precedente.
I costi di vendita, escluso l'ammortamento, sono stati di 5,3 milioni di dollari per il secondo trimestre 2025. L'azienda mantiene una forte liquidit脿 con una linea di credito non utilizzata di 310 milioni di dollari disponibile, mentre ha un saldo residuo di 315 milioni di dollari. I risultati finanziari completi saranno pubblicati il 7 agosto 2025.
Sandstorm Gold Royalties (NYSE: SAND) ha reportado s贸lidos resultados preliminares para el segundo trimestre de 2025, alcanzando un ingreso r茅cord de 51,4 millones de d贸lares, frente a los 41,4 millones en el segundo trimestre de 2024. La compa帽铆a vendi贸 15,100 onzas equivalentes de oro atribuibles durante el trimestre, con m谩rgenes operativos en efectivo r茅cord de 2,980 d贸lares por onza equivalente de oro atribuible, un aumento significativo desde los 2,043 d贸lares en el per铆odo comparable.
El costo de ventas, excluyendo la depreciaci贸n, fue de 5,3 millones de d贸lares para el segundo trimestre de 2025. La empresa mantiene una fuerte liquidez con una l铆nea de cr茅dito no utilizada de 310 millones de d贸lares disponible, mientras mantiene un saldo pendiente de 315 millones. Los resultados financieros completos se publicar谩n el 7 de agosto de 2025.
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Sandstorm Gold Royalties (NYSE : SAND) a annonc茅 de solides r茅sultats pr茅liminaires pour le deuxi猫me trimestre 2025, atteignant un chiffre d'affaires record de 51,4 millions de dollars, en hausse par rapport 脿 41,4 millions de dollars au deuxi猫me trimestre 2024. La soci茅t茅 a vendu 15 100 onces 茅quivalentes d'or attribuables au cours du trimestre, avec des marges op茅rationnelles en esp猫ces record de 2 980 dollars par once 茅quivalente d'or attribuable, une augmentation significative par rapport 脿 2 043 dollars sur la m锚me p茅riode.
Le co没t des ventes, hors amortissement, s'est 茅lev茅 脿 5,3 millions de dollars pour le deuxi猫me trimestre 2025. L'entreprise maintient une forte liquidit茅 avec une facilit茅 de cr茅dit non utilis茅e de 310 millions de dollars disponible, tout en portant un solde impay茅 de 315 millions. Les r茅sultats financiers complets seront publi茅s le 7 ao没t 2025.
Sandstorm Gold Royalties (NYSE: SAND) hat starke vorl盲ufige Ergebnisse f眉r das zweite Quartal 2025 gemeldet und einen Rekordumsatz von 51,4 Millionen US-Dollar erzielt, gegen眉ber 41,4 Millionen US-Dollar im zweiten Quartal 2024. Das Unternehmen verkaufte im Quartal 15.100 zurechenbare Gold盲quivalentunzen und erzielte rekordverd盲chtige operative Cash-Margen von 2.980 US-Dollar pro zurechenbarer Gold盲quivalentunze, ein deutlicher Anstieg gegen眉ber 2.043 US-Dollar im Vergleichszeitraum.
Die Herstellungskosten ohne Abschreibungen betrugen im zweiten Quartal 2025 5,3 Millionen US-Dollar. Das Unternehmen verf眉gt 眉ber eine starke Liquidit盲t mit einem ungespannten Kreditlinienvolumen von 310 Millionen US-Dollar und hat gleichzeitig einen ausstehenden Saldo von 315 Millionen US-Dollar. Die vollst盲ndigen Finanzergebnisse werden am 7. August 2025 ver枚ffentlicht.
- None.
- Gold equivalent ounces sold decreased 13% to 15,100 from 17,414 in Q2 2024
- Cost of sales increased to $5.3 million from $4.7 million year-over-year
- Significant debt level with $315 million outstanding on credit facility
Insights
Sandstorm reports record Q2 revenue of $51.4M and exceptional cash margins of $2,980 per gold equivalent ounce, indicating strong operational performance.
Sandstorm Gold Royalties has delivered record quarterly revenue of
The company achieved record cash operating margins of approximately
From a balance sheet perspective, Sandstorm maintains substantial financial flexibility with
The substantial growth in cash operating margins while maintaining controlled costs demonstrates the inherent leverage in Sandstorm's business model to rising precious metal prices. As a royalty company, Sandstorm benefits from gold price increases without corresponding increases in operational costs, creating an attractive financial profile in the current commodity price environment.
Second Quarter Preliminary Results
During the three months ended June 30, 2025, the Company sold approximately 15,100 attributable gold equivalent ounces1 and realized record preliminary revenue2 of
Preliminary cost of sales, excluding depletion2 for the three months ended June 30, 2025, was
As at June 30, 2025, the outstanding balance on the Company's revolving credit facility was approximately
Release Date and Conference Call Details
The Company will release its 2025 second quarter results on Thursday, August 7, 2025, after markets close. A conference call will be held on Friday, August 8, 2025, starting at 8:30am PDT to further discuss the results. To participate in the conference call, use the following dial-in numbers and conference ID, or join the webcast using the link below:
International: (+1) 437-900-0527
North American Toll-Free: (+1) 888-510-2154
Conference ID: 95114
Webcast URL:聽
Note 1 | ||
i. | As the Company's operations are primarily focused on precious metals, the Company presents attributable gold equivalent ounces as it believes that certain investors use this information to evaluate the Company's performance in comparison to other mining companies in the precious metals mining industry who present results on a similar basis. Attributable gold equivalent ounces is a non-IFRS financial ratio that uses total sales, royalties, and income from other interests as a component. Total sales, royalties and income from other interests is a non-IFRS financial measure and is calculated by taking total revenue which includes sales and royalty revenue, and adding contractual income relating to royalties, streams, and other interests excluding gains and losses on dispositions. Attributable gold equivalent ounces is calculated by dividing the Company's total sales, royalties, and income from other interests, less revenue attributable to non-controlling shareholders for the period, by the average realized gold price per ounce from the Company's gold streams for the same respective period ([ | |
ii. | The Company presents cash operating margin as it believes that certain investors use this information to evaluate the Company's performance and ability to generate cash flow in comparison to other companies in the precious metals mining industry who present results on a similar basis. Cash operating margin is calculated by subtracting the average cash cost per attributable gold equivalent ounce from the average realized gold price per ounce from the Company's gold streams (see item i above) for the same respective period. Average cash cost per attributable gold equivalent ounce is calculated by dividing the Company's cost of sales, excluding depletion, by the number of attributable gold equivalent ounces ( | |
Note 2 | ||
ABOUT SANDSTORM GOLD ROYALTIES
Sandstorm is a precious metals-focused royalty company that provides upfront financing to mining companies and receives the right to a percentage of production from a mine, for the life of the mine. Sandstorm holds a portfolio of approximately 230 royalties, of which 40 of the underlying mines are producing. Sandstorm plans to grow and diversify its low-cost production profile through the acquisition of additional gold royalties. For more information visit: .
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements", within the meaning of the
Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm Gold Royalties to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm Gold Royalties will operate in the future, including the receipt of all required approvals, the price of gold and copper and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, failure to receive necessary approvals, changes in business plans and strategies, market conditions, share price, best use of available cash, gold and other commodity price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold or other commodity the Company will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which the Company will purchase gold, other commodities or receive royalties from, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold and other commodities, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled "Risks to Sandstorm" in the Company's annual report for the financial year ended December 31, 2024 and the section entitled "Risk Factors" contained in the Company's annual information form dated March 31, 2025 available at . Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.
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SOURCE Sandstorm Gold Ltd.
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