Sandstorm Gold sees FY22 revenue $148.7M, consensus $154.03M

Sandstorm Gold reported that the Company sold approximately 82,400 attributable gold equivalent ounces and realized preliminary revenue of $148.7M for the FY22 year, both representing a record for the Company. Preliminary cost of sales, excluding depletion for the FY22 was $23.4M resulting in cash operating margins1 of approximately $1,511 per attributable gold equivalent ounce. During the three months ended December 31, 2022, the Company sold approximately 21,800 attributable gold equivalent ounces and realized preliminary revenue of $38.4M. Preliminary cost of sales, excluding depletion for the three month period was $5.5M resulting in cash operating margins of approximately $1,493 per attributable gold equivalent ounce. These results should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2022, as and when released.