Sandstorm Gold Royalties Announces Prelim. Q3 Sales $38.9M

Author: Bill Haddad | October 06, 2022 08:16am

VANCOUVER, BC, Oct. 6, 2022 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties" or the "Company") (NYSE:SAND) (TSX:SSL) is pleased to report that the Company sold approximately 22,600 attributable gold equivalent ounces1 and realized preliminary revenue2 of $38.9 million during the three months ended September 30, 2022, both representing a record for the Company (15,514 attributable gold equivalent ounces and $27.6 million in revenue for the comparable period in 2021). Preliminary cost of sales, excluding depletion2 for the three month period was $7.3 million resulting in cash operating margins1 of approximately $1,383 per attributable gold equivalent ounce1 ($3.7 million and $1,541 per attributable gold equivalent ounce for the comparable period in 2021, respectively).

Posted In: SAND TSX:SSL