Sandstorm Gold announces record sales and revenue in second quarter
(Kitco News) - Sandstorm Gold (TSX: SSL) reported on Tuesday that it sold approximately 19,200 attributable gold equivalent ounces and realized preliminary revenue of $36.0 million in Q2 2022, a record for the company.
The company said that preliminary cost of sales, excluding depletion for the three month period was $5.3 million resulting in cash operating margins of approximately $1,590 per attributable gold equivalent ounce.
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, for the life of the mine.
After the closing of the Nomad and BaseCore transactions announced on May 2, 2022, Sandstorm will hold a portfolio of more than 250 royalties, of which 39 of the underlying mines are producing.
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