Sandstorm Gold reports record revenue and $19M buybacks

Sandstorm Gold Ltd. (NYSE:SAND), a gold royalty company with a market capitalization of $2.01 billion, has reported a robust first quarter with record revenue and significant share buybacks. The company, which boasts impressive gross profit margins of 84.65%, announced these financial highlights today, stating that it will release detailed financial results on May 6. According to InvestingPro analysis, the company's net income is expected to grow this year, with analysts maintaining a positive outlook on its performance.

In its recent filing with the U.S. Securities and Exchange Commission, the Vancouver-based firm disclosed strong sales performance for the initial quarter of the year. Despite a recent 7.88% decline over the past week, Sandstorm Gold has delivered impressive returns to investors, with a year-to-date gain of 23.96%. The company, which operates within the gold and silver ores industry, has been actively returning value to its shareholders, repurchasing $19 million worth of shares.

The company's aggressive buyback strategy underscores its financial health and commitment to shareholder returns. The share repurchases are part of a broader capital allocation strategy that Sandstorm Gold has been pursuing.

These preliminary financial achievements will be further elaborated in the company's upcoming comprehensive financial results. The full details will be incorporated by reference into the registrant’s Registration Statement on Form F-10, as amended or supplemented, and will be available for review by investors and the general public.

Sandstorm Gold's financial performance is a key indicator of its operational success and the potential for future growth. The company's strategic focus on royalty acquisition and its portfolio of assets have positioned it well within the competitive market.

Investors and analysts will be looking forward to the May 6 financial results to gain deeper insights into the company's performance and strategic direction. The information provided today is based on a press release statement and serves as a precursor to the comprehensive report next month.

Sandstorm Gold, formerly known as Sandstorm Resources Ltd., has undergone a name change since its inception, reflecting its evolution and focus within the precious metals sector. The company's business address and contact information remain unchanged in Vancouver, British Columbia.

As the market anticipates the detailed financial report, Sandstorm Gold's announcement today highlights the company's positive trajectory and operational strength. InvestingPro data reveals the company maintains a "GREAT" financial health score, with analyst price targets reaching as high as $11.50. The full financial results in May will provide a clearer picture of the company's financial health and strategic initiatives. Investors seeking deeper insights can access comprehensive analysis and more than 30 additional key metrics through InvestingPro's detailed research reports.

In other recent news, Sandstorm Gold Ltd. reported its 2024 financial results, revealing total revenue of $176.3 million, a slight decrease from $179.6 million in 2023. The company experienced a significant drop in net income, reporting $15.5 million, or $0.05 per share, compared to $42.7 million, or $0.14 per share, the previous year. Despite this, Sandstorm Gold's gross profit increased by 16% year-over-year to $96.0 million, largely due to a decrease in attributable Gold Equivalent Ounces sold. H.C. Wainwright adjusted its price target for Sandstorm Gold to $11.50, down from $12.00, while maintaining a Buy rating, following the financial results.

Additionally, Sandstorm Gold announced a quarterly dividend, as detailed in a recent SEC filing, continuing its practice of returning profits to shareholders. The company also provided updates on its royalty portfolio, highlighting developments in the Platreef mine expansion studies and resource growth at the Fruta del Norte mine. Progress in Argentine projects was noted, although specific details were not disclosed. Meanwhile, Sandvik AB announced an agreement to acquire Osa Demolition Equipment, aiming to strengthen its position in the demolition and recycling market segments. This acquisition is expected to close in the third quarter of 2025, pending regulatory approvals.

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