VANCOUVER, BC, Aug. 1, 2024 /PRNewswire/ – Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE: SAND) (TSX: SSL) has excepted its monetary effects for the second one quarter ended June 30, 2024 (figures in U.S. greenbacks except differently indicated).

Monetary Highlights

• $41.4 million of earnings in comparison to $49.8 million in Q2 2023;
• 17,414 attributable gold similar oz.¹ in comparison to 24,504 oz. in Q2 2023;
• $32.6 million in coins flows from working actions, apart from adjustments in non-cash running capital¹, in comparison to $38.0 million in Q2 2023;
• Money working margins¹ of $2,043 in step with attributable gold similar ounce, representing a pristine file for the Corporate, in comparison to $1,744 in step with ounce in Q2 2023;
• $10.5 million of internet source of revenue in comparison to internet source of revenue of $2.7 million in Q2 2023.

Company Updates

Greenstone Pours First Gold

On Would possibly 23, 2024, Equinox Gold Corp. (“Equinox Gold”) introduced that it had finished its first gold pour at its 100% owned Greenstone gold mine in Ontario, Canada. Sandstorm holds a gold wave at the Greenstone mine wherein the Corporate is entitled to buy 2.375% of gold produced on the mine till 120,333 oz. are delivered, and upcoming 1.583% of gold produced thereafter. Sandstorm will assemble ongoing bills equivalent to twenty% of the spot value of gold in step with ounce plus an backup cost of as much as $30 in step with ounce in ESG contributions. Next to quarter finish, Sandstorm gained its first deliveries underneath the Greenstone wave. Deliveries are anticipated to ramp-up via the second one part of 2024, with Equinox Gold concentrated on business manufacturing within the 3rd quarter 2024.

Stability Sheet Deleveraging Continues

All through the second one quarter, the Corporate endured to concentrate on deleveraging its stability sheet and made $27 million in internet debt repayments. As at August 1, 2024, the Corporate’s revolving credit score facility had an impressive stability of $383 million and the undrawn and to be had stability extra is $242 million.

To additional expedite this compensation agenda, the Corporate endured its technique of monetizing non-core property right through the 3 months ended June 30, 2024. In Would possibly, the Corporate closed the primary a part of the in the past introduced transaction to promote a portfolio of non-core property, together with the Corporate’s Highland Valley Copper royalty, for coins attention of $15.4 million. Presen additional monetization of the Corporate’s funding portfolio is imaginable, topic to marketplace situations, the Corporate does no longer intend to monetize additional royalty or wave property.

Capital Allocation

As a part of the Corporate’s loyalty to returning capital again to shareholders, the Corporate bought 457,125 familiar stocks for general attention of $2.5 million right through the six months ended June 30, 2024. Next to quarter finish, the Corporate bought and stopped roughly 90,000 of its familiar stocks.

In June 2024, the Corporate declared a dividend of C$0.02 in step with proportion, which was once paid on July 26, 2024.

Outlook

In accordance with the Corporate’s present streams and royalties, attributable gold similar oz. for 2024 are forecasted to be between 75,000 and 85,000 oz.. The Corporate’s manufacturing forecast is anticipated to succeed in roughly 125,000 attributable gold similar oz. throughout the upcoming 5 years.

Monetary Effects

For the 3 months ended June 30, 2024, the Corporate learned quarterly earnings of $41.4 million in comparison to $49.8 million for the similar duration in 2023. Roughly 67% of the Corporate’s earnings in the second one quarter was once as a result of valuable metals, 23% from copper, and 10% from alternative commodities.

When in comparison to the similar duration in 2023, the shorten in earnings was once as a result of a 29% shorten in attributable gold similar oz. bought, partly offset through a 17% building up within the moderate learned promoting value of gold. The shorten in earnings was once pushed through a number of components together with, (i) a $5.6 million shorten as a result of the Corporate’s Mercedes gold and silver streams because of the anticipated conclusion of the fastened gold supply duration on the finish of 2023 and the restructuring of the gold and silver streams that closed in January 2024, (ii) a $2.7 million shorten in earnings as a result of the Cerro Moro silver wave because of a shorten in mine head grades and the corresponding shorten in silver wave gross sales, (iii) a $1.2 million shorten in earnings as a result of the Antamina mine following a discount within the Corporate’s royalty entitlement because of the partiality disposition of the royalty to Horizon Copper Corp. in the second one quarter of 2023, and, (iv) a $1.3 million shorten in earnings as a result of the Corporate’s Aurizona royalty because of a geotechnical match on the mine eminent to a relaxation in mining. The shorten in earnings was once partly offset through a $1.6 million building up in earnings as a result of the Chapada copper wave basically because of will increase within the collection of kilos of copper bought and the typical learned promoting value of copper.

Money flows from working actions for the 3 months ended June 30, 2024, had been $34.4 million and the Corporate learned internet source of revenue of $10.5 million, when put next with $42.1 million in coins flows from working actions and internet source of revenue of $2.7 million for the similar duration in 2023. The alternate is because of a mixture of things together with, (i) a $12.3 million building up in good points identified at the revaluation of the Corporate’s investments together with a $7.4 million achieve identified because of the agreement of the Corporate’s debenture due from Versamet Royalties Company (“Versamet”, in the past named Sandbox Royalties) by means of conversion to familiar stocks of Versamet, and (ii) a $7.3 million shorten in depletion expense, basically because of a shorten in attributable gold similar oz. bought. The alternate was once partly offset through an $8.5 million shorten in earnings and a $4.8 million building up in tax expense.

Current & Royalty Portfolio

Of the gold similar oz. bought through the Corporate right through the second one quarter of 2024, roughly 17% had been as a result of mines positioned in Canada, 22% from the extra of North The us, 42% from South The us, and 19% from alternative nations.

Canada

Streams and royalties on Canadian mines contributed roughly 8% extra gold similar oz. to Sandstorm when in comparison to the second one quarter of 2023. The rise was once basically pushed through an building up in attributable gold similar oz. bought from the CEZinc smelter in Quebec and an building up in royalty earnings from the Copper Mountain mine in British Columbia. In Would possibly, Sandstorm introduced the sale of its Copper Mountain royalty to Evolve Strategic Part Royalties Ltd. however keeps the upcoming $10 million of royalty revenues from the asset. The rise in attributable oz. bought was once partly offset through a shorten in oz. bought from the Lightless Fox mine in Ontario and a shorten in royalty earnings as a result of the Diavik mine in Northwest Territories.

North The us Apart from Canada

Gold similar oz. bought from operations positioned inside North The us, however out of doors of Canada, contributed 49% much less gold similar oz. when in comparison to the second one quarter of 2023. The alternate was once basically pushed through a shorten in oz. as a result of the Corporate’s Mercedes gold and silver streams as results of the anticipated conclusion of the fastened gold supply duration on the finish of 2023 and the restructuring of the gold and silver streams that closed in January 2024.

South The us

Operations in South The us contributed 33% much less gold similar oz. bought when in comparison to the second one quarter of 2023. The alternate was once pushed through a shorten in silver oz. gained and bought as a result of the Cerro Moro mine in Argentina partly offset through the typical learned promoting value of silver, which greater from a mean of $25.00 in step with ounce right through the 3 months ended June 30, 2023, to a mean of $27.76 in step with ounce right through the similar duration in 2024. The alternate was once additionally because of a shorten in royalty earnings as a result of the Antamina mine in Peru following the partiality disposition of the royalty to Horizon Copper Corp. in the second one quarter of 2023, which decreased the Corporate’s royalty entitlement, partly offset through earnings similar to the Antamina silver wave which was once gained as attention for the partiality disposition of the Antamina royalty in 2023. The shorten was once partly offset through a 56% building up within the collection of kilos of copper bought from the Chapada copper mine, in addition to an building up within the moderate learned promoting value of copper which greater from a mean of $4.01 in step with pound right through the 3 months ended June 30, 2023 to a mean of $4.22 in step with pound right through the similar duration in 2024.

Alternative

Streams and royalties on mines in alternative nations contributed roughly the similar collection of gold similar oz. bought when in comparison to the second one quarter of 2023. An building up in royalty earnings as a result of the Ivrindi mine in Türkiye and Houndé mine in Burkina Faso was once partly offset through tiny decreases within the collection of attributable oz. bought from the Bonikro mine in Côte d’Ivoire and Blyvoor mine in South Africa.

Webcast & Convention Name Main points

A convention name can be hung on Friday, August 2, 2024, forming at 8:30am PDT to additional talk about the second one quarter effects. To take part within the convention name, usefulness please see dial-in numbers and convention ID, or connect the webcast the use of the hyperlink underneath:

Global: (+1) 416-764-8688
North American Toll-Isolated: (+1) 888-390-0546
Convention ID: 76079285
Webcast URL:  https://app.webinar.net/wA1ReLWxba0

Touch Knowledge

For more info about Sandstorm Gold Royalties, please discuss with our site at www.sandstormgold.com or electronic mail us at [email protected].

ABOUT SANDSTORM GOLD ROYALTIES

Sandstorm is a valuable metals-focused royalty corporate that gives in advance financing to mining firms and receives the appropriate to a share of manufacturing from a mine, for the week of the mine. Sandstorm holds a portfolio of over 230 royalties, of which 41 of the underlying mines are generating. Sandstorm plans to develop and diversify its low cost manufacturing profile during the acquisition of backup gold royalties. For more info discuss with: www.sandstormgold.com.

CAUTIONARY STATEMENTS TO U.S. SECURITYHOLDERS

The monetary knowledge incorporated or integrated through reference on this press let fall or the paperwork referenced herein has been ready based on Global Monetary Reporting Requirements as issued through the Global Accounting Requirements Board, which differs from US usually approved accounting rules (“US GAAP”) in positive subject matter appreciates, and thus don’t seem to be without delay similar to monetary statements ready based on US GAAP.

This press let fall and the paperwork integrated through reference herein, as appropriate, had been ready based on Canadian requirements for the reporting of mineral useful resource and mineral hold estimates, which range from the former and flow requirements of the US securities regulations. Particularly, and with out restricting the generality of the foregoing, the phrases “mineral reserve”, “proven mineral reserve”, “probable mineral reserve”, “inferred mineral resources,”, “indicated mineral resources,” “measured mineral resources” and “mineral resources” old or referenced herein and the paperwork integrated through reference herein, as appropriate, are Canadian mineral disclosure phrases as outlined based on Canadian Nationwide Device 43-101 — Requirements of Disclosure for Mineral Tasks (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) — CIM Definition Requirements on Mineral Sources and Mineral Reserves, followed through the CIM Council, as amended (the “CIM Definition Standards”).

For United States reporting functions, the US Securities and Trade Fee (the “SEC”) has followed amendments to its disclosure regulations (the “SEC Modernization Rules”) to modernize the mining detail disclosure necessities for issuers whose securities are registered with the SEC underneath the Trade Work, which turned into efficient February 25, 2019. The SEC Modernization Regulations extra intently align the SEC’s disclosure necessities and insurance policies for mining homes with flow business and world regulatory practices and requirements, together with NI 43-101, and change the ancient detail disclosure necessities for mining registrants that had been incorporated in SEC Trade Information 7. Issuers had been required to conform to the SEC Modernization Regulations of their first fiscal age starting on or upcoming January 1, 2021. As a international non-public issuer this is eligible to record experiences with the SEC pursuant to the multi-jurisdictional disclosure gadget, the Company isn’t required to serve disclosure on its mineral homes underneath the SEC Modernization Regulations and can proceed to serve disclosure underneath NI 43-101 and the CIM Definition Requirements. Accordingly, mineral hold and mineral useful resource knowledge contained or integrated through reference herein will not be similar to related knowledge disclosed through United States firms topic to the US federal securities regulations and the foundations and laws thereunder.

On account of the adoption of the SEC Modernization Regulations, the SEC now appreciates estimates of “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources.” As well as, the SEC has amended its definitions of “proven mineral reserves” and “probable mineral reserves” to be “substantially similar” to the corresponding CIM Definition Requirements which can be required underneath NI 43-101. Presen the SEC will now acknowledge “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources”, U.S. traders must no longer suppose that every one or any a part of the mineralization in those divisions can be transformed into a better section of mineral assets or into mineral reserves with out additional paintings and research. Mineralization described the use of those phrases has a better quantity of hesitation as to its lifestyles and feasibility than mineralization that has been characterised as reserves. Accordingly, U.S. traders are cautioned to not suppose that every one or any steady mineral assets, indicated mineral assets, or inferred mineral assets that the Corporate experiences are or can be economically or legally mineable with out additional paintings and research. Additional, “inferred mineral resources” have a better quantity of hesitation and as as to if they are able to be mined legally or economically. Subsequently, U.S. traders also are cautioned to not suppose that every one or any a part of inferred mineral assets can be upgraded to a better section with out additional paintings and research. Underneath Canadian securities regulations, estimates of “inferred mineral resources” won’t method the foundation of feasibility or pre-feasibility research, with the exception of in uncommon instances. Presen the above phrases are “substantially similar” to CIM Definitions, there are variations within the definitions underneath the SEC Modernization Regulations and the CIM Definition Requirements. Accordingly, there is not any agreement any mineral reserves or mineral assets that the Corporate might document as “proven mineral reserves”, “probable mineral reserves”, “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” underneath NI 43-101 will be the identical had the Corporate ready the hold or useful resource estimates underneath the criteria followed underneath the SEC Modernization Regulations or underneath the prior requirements of SEC Trade Information 7.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This press let fall comprises “forward-looking statements”, throughout the that means of the U.S. Securities Work of 1933, the U.S. Securities Trade Work of 1934, the Personal Securities Litigation Reform Work of 1995 and “forward-looking information” throughout the that means of appropriate Canadian securities regulation, in regards to the industry, operations and fiscal efficiency and situation of Sandstorm Gold Royalties. Ahead-looking statements come with, statements in regards to the Corporate’s aim to monetize additional royalty or wave property; the day value of gold, silver, copper, iron ore and alternative metals, the estimation of mineral reserves and assets, realization of mineral hold estimates, and the timing and quantity of estimated day manufacturing. Ahead-looking statements can usually be recognized through the usefulness of forward-looking terminology similar to “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, or related terminology.

Ahead-looking statements are made based totally upon positive suppositions and alternative noteceable components that, if unfaithful, may just reason the fresh effects, performances or achievements of Sandstorm Gold Royalties to be materially other from day effects, performances or achievements expressed or implied through such statements. Such statements and data are in response to various suppositions referring to provide and day industry methods and the order through which Sandstorm Gold Royalties will function going forward, together with the receipt of all required approvals, the cost of gold and copper and expected prices. Sure noteceable components that might reason fresh effects, performances or achievements to range materially from the ones within the forward-looking statements come with, among others, failure to obtain important approvals, adjustments in industry plans and methods, marketplace situations, proportion value, absolute best usefulness of to be had coins, gold and alternative commodity value volatility, discrepancies between fresh and estimated manufacturing, mineral reserves and assets and metallurgical cures, mining operational and building dangers when it comes to the events which form the gold or alternative commodity the Corporate will acquire, regulatory restrictions, actions through governmental government (together with adjustments in taxation), foreign money fluctuations, the worldwide financial order, dilution, proportion value volatility and pageant.

Ahead-looking statements are topic to identified and unknown dangers, uncertainties and alternative noteceable components that can reason the fresh effects, stage of task, efficiency or achievements of the Corporate to be materially other from the ones expressed or implied through such forward-looking statements, together with however no longer restricted to: the affect of normal industry and financial situations, the being lacking keep an eye on over mining operations from which the Corporate will acquire gold, alternative commodities or obtain royalties from, and dangers similar to these mining operations, together with dangers similar to global operations, govt and environmental legislation, fresh result of flow exploration actions, conclusions of financial critiques and adjustments in venture parameters as plans proceed to be delicate, dangers within the marketability of minerals, fluctuations in the cost of gold and alternative commodities, fluctuation in foreign currencies charges and rates of interest, store marketplace volatility, in addition to the ones components mentioned within the division entitled “Risks to Sandstorm” within the Corporate’s annual document for the monetary age ended December 31, 2023 and the division entitled “Risk Factors” contained within the Corporate’s annual knowledge method dated March 27, 2024 to be had at www.sedarplus.com. Even if the Corporate has tried to spot noteceable components that might reason fresh effects to range materially from the ones contained in forward-looking statements, there could also be alternative components that reason effects to not be as expected, estimated or supposed. There may also be incorrect agreement that such statements will turn out to be correct, as fresh effects and day occasions may just range materially from the ones expected in such statements. Accordingly, readers must no longer park undue reliance on forward-looking statements. The Corporate does no longer adopt to replace any forward-looking statements which can be contained or integrated through reference, with the exception of based on appropriate securities regulations.

SOURCE Sandstorm Gold Ltd.