Sandstorm Gold Royalties Announces Sales And Record Revenue In Q2 2023; Sold ~24,500 Attributable Gold Equivalent Ounces And Realized Record Preliminary Revenue Of $49.8M

Author: Happy Mohamed | July 06, 2023 04:17pm

Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm", or the "Company") (NYSE:SAND) (TSX:SSL) is pleased to report that the Company sold approximately 24,500 attributable gold equivalent ounces1 and realized record preliminary revenue2 of $49.8 million during the three months ended June 30, 2023, (19,276 attributable gold equivalent ounces and $36.0 million in revenue for the comparable period in 2022).

Preliminary cost of sales, excluding depletion2 for the three month period was $5.6 million resulting in cash operating margins1 of approximately $1,743 per attributable gold equivalent ounce1 ($5.3 million and $1,593 per attributable gold equivalent ounce for the comparable period in 2022, respectively).

Posted In: SAND TSX:SSL