Sandstorm Gold Ltd (TSX:SSL)., a gold and silver mining company with a market capitalization of $1.67 billion, announced robust sales and revenue figures for the year 2024, with detailed financial results scheduled for release on February 18, 2025.
According to InvestingPro data, the company maintains impressive gross profit margins of 84% and strong financial health, with liquid assets exceeding short-term obligations. The information was disclosed in a report filed with the U.S. Securities and Exchange Commission today.
The company, listed on the New York Stock Exchange under the ticker NYSE:SAND, stated that the complete financial results would be detailed in a forthcoming report, which will also be incorporated by reference into the company's Registration Statement on Form F-10.
Sandstorm Gold (NYSE:SAND), formerly known as Sandstorm Resources Ltd., is incorporated in Canada and operates out of its principal executive offices located in Vancouver, British Columbia. The company has indicated that it will file its annual reports under Form 40-F.
The announcement is expected to provide investors with insights into the company's performance over the past year and its financial health. The market often anticipates such releases to gauge a company's operational success and strategic direction.
Investors and stakeholders are advised to look out for the full financial results on February 18 to obtain a comprehensive understanding of Sandstorm Gold's financial performance. This report is based on a press release statement and the company's filing with the SEC.
In other recent news, Sandstorm Gold Ltd. reported significant financial and operational developments. The mining company announced a substantial increase in Q3 2024 revenue, reaching $44.7 million, largely due to higher average realized selling prices of gold.
Additionally, Sandstorm Gold's net income 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 has implemented an automatic share purchase plan and renewed its credit facility with significantly reduced interest rates. This move is expected to reduce the company's borrowing costs. Sandstorm Gold also 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. These are among the recent developments for Sandstorm Gold Ltd.
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