Sandstorm Gold Reports Record Sales Of Gold-Equivalent Ounces
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The company listed sales of 14,071 gold-equivalent ounces in the first quarter. At the time, the company forecast between 63,000 and 70,000 ounces for the full year, with this rising to gold-equivalent production of over 140,000 ounces in 2023.
Sandstorm is a gold-royalty company that provides upfront financing to gold-mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine. Sandstorm has a portfolio of 188 royalties, including 21 producing mines.