Sandstorm Gold sees Q2 revenue $49.8M vs. $35.97M a year ago

Sandstorm Gold sold approximately 24,500 attributable gold equivalent ounces and realized record preliminary revenue of $49.8M during the three months ended June 30, 2023, vs. 19,276 attributable gold equivalent ounces and $36.0M in revenue for the comparable period in 2022. Preliminary cost of sales, excluding depletion for the three month period was $5.6M resulting in cash operating margins of approximately $1,743 per attributable gold equivalent ounce – $5.3 million and $1,593 per attributable gold equivalent ounce for the comparable period in 2022, respectively -. During Q2, the company purchased and cancelled approximately 2.6 million Sandstorm common shares at a weighted average price of C$6.92 per share under the company’s normal course issuer bid. While the company’s capital allocation strategy remains focused on debt repayment, Sandstorm’s management continues to evaluate accretive opportunities to exercise the NCIB.