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Sandstorm Gold Royalties Announces Record Sales and Revenue in First Quarter 2023 and Renews Normal Course Issuer Bid
Sandstorm Gold Royalties Announces Record Sales and Revenue in First Quarter 2023 and Renews Norm...
About this update from Silver Sands Resources Corp.
[{"type":"text","content":"\n \n \n \n Sandstorm Gold Royalties Announces Record Sales and Revenue in First Quarter 2023 and Renews Normal Course Issuer Bid\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 5, 2023\n \n \n /CNW/ - Sandstorm Gold Ltd. (\"Sandstorm Gold Royalties\", \"Sandstorm\", or the \"Company\") (NYSE: SAND) (TSX: SSL) is pleased to report that the Company sold approximately 28,400 attributable gold equivalent ounces\n \n 1\n \n and realized preliminary revenue\n \n 2\n \n of\n \n $44.0 million\n \n during the three months ended\n \n March 31, 2023\n \n , both representing a record for the Company (18,741 attributable gold equivalent ounces and\n \n $35.4 million\n \n in revenue for the comparable period in 2022).\n \n \n \n \n \n \n \n \n \n The Company had preliminary total sales, royalties, and income from other interests\n \n 1\n \n of\n \n $54.0 million\n \n for the three month period, a record for the Company (\n \n $35.4 million\n \n total sales, royalties, and income from other interests for the comparable period in 2022).\n \n \n Preliminary cost of sales, excluding depletion\n \n 2\n \n for the three month period was\n \n $6.5 million\n \n resulting in cash operating margins\n \n 1\n \n of approximately\n \n $1,650\n \n per attributable gold equivalent ounce\n \n 1\n \n (\n \n $5.3 million\n \n and\n \n $1,604\n \n per attributable gold equivalent ounce for the comparable period in 2022, respectively).\n \n \n RENEWAL OF NORMAL COURSE ISSUER BID\n \n \n The Company's normal course issuer bid (\"NCIB\") is being renewed after the existing NCIB expires on\n \n April 6, 2023\n \n . The current NCIB provides Sandstorm with the option to purchase up to 18.9 million of the Company's co...