Sandstorm Gold announces quarterly dividend

Sandstorm Gold Ltd (TSX:SSL). (NYSE:SAND), a gold and silver ore mining company, has announced the declaration of its quarterly dividend, as per the company's recent filing with the Securities and Exchange Commission (SEC). The Vancouver-based company, listed under the SIC code for Gold & Silver Ores, made the declaration on Thursday, December 19, 2024.

Sandstorm Gold (NYSE:SAND), formerly known as Sandstorm Resources Ltd., underwent a name change on May 7, 2008, and has since established itself in the mining industry focusing on gold and silver. The company operates out of its principal executive offices located on Seymour Street in Vancouver, British Columbia, Canada.

As a foreign private issuer, Sandstorm Gold files annual reports under Form 40-F, adhering to the regulations set forth by the SEC for foreign companies listed on U.S. exchanges.

The company maintains an impressive gross profit margin of 84.22% and is currently trading near its InvestingPro Fair Value.

For detailed analysis and comprehensive insights, investors can access the full Pro Research Report available on InvestingPro, which covers what really matters about Sandstorm Gold's financial performance and future prospects. The company maintains an impressive gross profit margin of 84.22% and is currently trading near its InvestingPro Fair Value. For detailed analysis and comprehensive insights, investors can access the full Pro Research Report available on InvestingPro, which covers what really matters about Sandstorm Gold's financial performance and future prospects.

This news is based on a press release statement and reflects the company's continuous efforts to engage with its shareholders through periodic financial updates and declarations.

In other recent news, Sandstorm Gold Ltd. reported significant financial and operational developments. The company experienced a substantial year-over-year increase in its Q3 2024 revenue, reaching $44.7 million, largely due to higher average realized selling prices of gold. Sandstorm Gold's net income also saw a noteworthy increase, reaching $5.8 million. Analyst firm H.C. Wainwright adjusted the stock price target for Sandstorm Gold Ltd. to $12.00 from the previous $11.50, maintaining a Buy rating.

The company also announced the implementation of an automatic share purchase plan and the renewal of its credit facility with significantly reduced interest rates. Under the automatic share purchase plan, Sandstorm Gold will be able to repurchase shares at times when it would typically not be active in the market due to regulatory restrictions or self-imposed blackout periods. The renewal of the credit facility comes with a notable decrease in interest rates, which is expected to reduce the company's borrowing costs.

Furthermore, Sandstorm Gold announced its first gold delivery from the Greenstone gold stream, following the start of commercial production at the site by Equinox Gold Corp (NYSE:EQX). The company's management has been focusing on debt reduction, successfully repaying $56.0 million of its revolving credit facility within the year. Sandstorm Gold has revised its 2024 production guidance to 70,000 to 75,000 ounces and expects to reach about 80,000 ounces in 2025 as Greenstone ramps up production.

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