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Sandstorm Gold Royalties Announces Record Sales and Revenue in Q1 2021 and Renews Normal Course Issuer Bid
Sandstorm Gold Royalties Announces Record Sales and Revenue in Q1 2021 and Renews Normal ...
About this update from Silver Sands Resources Corp.
[{"type":"text","content":"\n \n \n \n Sandstorm Gold Royalties Announces Record Sales and Revenue in Q1 2021 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{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n DESIGNATED NEWS RELEASE\n \n \n \n VANCOUVER, BC\n \n ,\n \n April 5, 2021\n \n /CNW/ - Sandstorm Gold Ltd. (\"Sandstorm Gold Royalties\", \"Sandstorm\" or the \"Company\") (NYSE: SAND) (TSX: SSL) is pleased to announce that the Company sold approximately 17,400 attributable gold equivalent ounces\n \n 1\n \n and realized preliminary revenue\n \n 2\n \n of\n \n $31.0 million\n \n during the three months ended\n \n March 31, 2021\n \n , both representing a record for the Company. Preliminary cost of sales, excluding depletion\n \n 2\n \n for the three month period was\n \n $5.4 million\n \n resulting in cash operating margins\n \n 1\n \n of approximately\n \n $1,470\n \n per attributable gold equivalent ounce\n \n 1\n \n .\n \n \n \n \n \n \n \n \n \n \n Normal Course Issuer Bid Renewal\n \n \n \n The Company's normal course issuer bid (\"NCIB\") is being renewed after the existing NCIB expires on\n \n April 5, 2021\n \n . The current NCIB provides Sandstorm with the option to purchase up to 17.2 million of the Company's common shares (\"Common Shares\") from time to time when Sandstorm's management believes that the Common Shares are undervalued by the market. Under the renewed NCIB, Sandstorm may purchase up to 19.1 million of its Common Shares, representing approximately 10% of the Company's issued and outstanding Common Shares of 194,500,210 as of\n \n March 31, 2021\n \n , less those Common Shares held by the Company's directors and senior officers. The Toronto Stock Exchange (\"TSX\") has accepted the Company's notice that it intends to procee...