Sandstorm Gold / SSL,SAND (TSX,USC)

    Sandstorm Gold Royalties Declares Second Quarter 2022 Dividend
    https://ceo.ca/@newswire/sands…lares-second-quarter-2022
    Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce that its Board of Directors has declared the Company's second quarterly cash dividend for 2022 in the amount of C$0.02 per common share to shareholders of record as of the close of business on April 19, 2022. The dividend will be paid on April 29, 2022.

    SANDSTORM GOLD ROYALTIES ANNOUNCES RECORD SALES AND REVENUE IN FIRST QUARTER 2022

    https://www.prnewswire.com/new…arter-2022-301516324.html
    Sandstorm Gold Ltd. ("Sandstorm Gold Royalties" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to report that the Company sold approximately 18,700 attributable gold equivalent ounces1 and realized preliminary revenue2 of $35.3 million during the three months ended March 31, 2022, both representing a record for the Company (17,444 attributable gold equivalent ounces and $31.0 million in revenue for the comparable period in 2021). Preliminary cost of sales, excluding depletion2 for the three month period was $5.3 million resulting in cash operating margins1 of approximately $1,600 per attributable gold equivalent ounce1 ($5.4 million and $1,470 per attributable gold equivalent ounce for the comparable period in 2021, respectively).

    Sandstorm Gold: Trading At A Premium Valuation After Recent Rally
    https://seekingalpha.com/artic…uation-after-recent-rally
    Summary

    • Sandstorm released its preliminary Q1 results last week, reporting a quarterly attributable gold-equivalent ounce volume of ~18,700, translating to revenue of ~$35.3 million.
    • This represented a 7% and 13% increase, respectively, on a year-over-year basis, starting off 2022 on a strong foot.
    • However, after a 65% rally in the stock, I struggle to see much of a value proposition here, with SAND trading at ~1.50x P/NAV.
    • Given that the stock remains extended short term into earnings, I don't see any reason to chase SAND stock above $9.00.

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    SANDSTORM GOLD ROYALTIES ANNOUNCES US$1.1 BILLION PORTFOLIO TRANSFORMATION THROUGH ACQUISITIONS OF NOMAD ROYALTY COMPANY AND BASECORE PORTFOLIO
    https://www.prnewswire.com/new…-portfolio-301536938.html


    VANCOUVER, BC, May 2, 2022 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND, TSX: SSL) is pleased to announce the growth of its portfolio of assets through the following transactions:

    • Nomad Royalty Company Acquisition: Sandstorm and Nomad Royalty Company Ltd. (NYSE: NSR, TSX: NSR) ("Nomad") have entered into a definitive agreement (the "Arrangement Agreement") whereby Sandstorm will acquire all of the issued and outstanding common shares of Nomad ("Nomad Shares") pursuant to a plan of arrangement under the Canada Business Corporations Act (the "Nomad Acquisition"). The implied equity value of the Nomad Acquisition is approximately $590 million (approximately C$755 million).
    • BaseCore Metals Royalty Package: Sandstorm has agreed to acquire nine royalties and one stream (the "Royalty Package") from BaseCore Metals LP ("BaseCore") for total consideration of $525 million, payable as to $425 million in cash and $100 million in common shares of the Company (the "Sandstorm Shares") (the "BaseCore Transaction", and together with the Nomad Acquisition, the "Transactions"). Concurrent with the BaseCore Transaction, Sandstorm has partnered with Royalty North Partners Ltd. ("Horizon Copper", "Horizon" or "RNP") to sell a portion of a copper royalty acquired in the BaseCore Transaction and retain a silver stream on the asset.

    All figures are in U.S. dollars unless otherwise noted.

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    Sandstorm Gold Royalties Announces Record 2022 First Quarter Results

    https://www.prnewswire.com/new…er-results-301545463.html
    FIRST QUARTER HIGHLIGHTS

    • Hod Maden Gold Stream: In February 2022, the Company announced it has signed a letter of intent, in part, to sell its 30% interest in Hod Maden to Royalty North Partners Ltd. for consideration, in part, for a flagship gold stream on Hod Maden and a portion of debt and equity in the resulting issuer ("Horizon Copper"). With this transaction, Sandstorm intends to unlock additional value in Hod Maden through the re-rating of the asset as a gold stream in its portfolio and further repositions Sandstorm as a pure-play precious metals royalty and streaming company. The transaction is conditional upon various closing items and is expected to close in the second half of 2022. For more information see press release dated February 17, 2022.
    • Antamina Silver Stream and Residual Royalty: Subsequent to the quarter's end and concurrent to the BaseCore Transaction (as described below), Sandstorm has partnered with Horizon Copper to sell a portion of the Antamina copper royalty acquired in the BaseCore acquisition and in consideration receive a silver stream on the asset, a residual NPI royalty, a $105 million debenture, equity, and $50 million in cash. The subsequent spin-out of the Antamina royalty is expected to position Horizon Copper as a competitive copper company with a portfolio of high quality cash-flowing and development stage copper assets. For more information, see press release dated May 2, 2022.


    • Record attributable gold equivalent ounces1 of 18,741 ounces (Q1 2021—17,444 ounces);
    • Record revenue of $35.4 million (Q1 2021—$31.0 million);
    • Record cash flows from operating activities, excluding changes in non-cash working capital1 of $26.7 million (Q1 2021—$23.0 million);
    • Average cash cost per attributable gold equivalent ounce1 of $283 resulting in cash operating margins1 of $1,604 per ounce (Q1 2021 — $307 per ounce and $1,470 per ounce respectively);
    • Net income of $9.1 million (Q1 2021—$5.0 million); and
    • Creation of new strategic partner, Horizon Copper:
    • US$1.1 Billion Portfolio Transformation: Subsequent to the quarter's end, Sandstorm announced two transactions totaling $1.1 billion, including the acquisition of Nomad Royalty Company (the "Nomad Acquisition") and a portfolio of royalty assets from BaseCore Metals LP (the "BaseCore Transaction"). The combined transactions are expected to significantly increase Sandstorm's scale through the addition of several high quality, low-cost assets maintaining the Company's industry-leading growth and portfolio diversification. The Nomad Acquisition and BaseCore Transaction are subject to various closing conditions and are expected to close in the second half of 2022 and by the third quarter of 2022, respectively. For more information, see press release dated May 2, 2022.
    • Upsized Credit Facility: Concurrent with the transactions described above, Sandstorm entered into an agreement with the Bank of Nova Scotia and BMO Capital Markets securing a commitment to upsize the Company's existing revolving credit agreement to borrow up to $500 million with an additional uncommitted accordion of up to $125 million, for a total of up to $625 million. The upsize is contingent upon closing the BaseCore Transaction, and the accordion of up to $125 million is contingent on closing the Nomad Acquisition. See press release dated May 2, 2022 for more information.

    Sandstorm Gold Royalties and Equinox Gold Launch Sandbox Royalties: A Diversified Metals Royalty Company

    https://www.prnewswire.com/new…ty-company-301555575.html
    VANCOUVER, BC, May 26, 2022 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties" or "Sandstorm") (NYSE: SAND) (TSX: SSL) and Equinox Gold Corp. ("Equinox Gold") (TSX: EQX, NYSE American: EQX) are pleased to announce the creation of Sandbox Royalties Corp. ("Sandbox Royalties" or "Sandbox"), a new diversified metals royalty company. Equinox Gold and Sandstorm have each entered into definitive purchase and sale agreements (the "Definitive Agreements") with Rosedale Resources Ltd. ("Rosedale") whereby Rosedale will acquire a portfolio of royalties from Equinox Gold for consideration of $28.4 million in common shares of Rosedale and from Sandstorm for consideration of $65 million comprising $32.1 million in common shares of Rosedale and $32.9 million in a promissory note convertible into common shares of Rosedale (collectively, the "Transaction"). Upon closing, Rosedale intends to change its corporate name to Sandbox Royalties Corp. In this press release, Rosedale is used to refer to the company before closing and Sandbox is used to refer to the company after closing. All dollar figures are in US dollars unless otherwise stated.
    SANDBOX HIGHLIGHTS

    • A new, well-funded and diversified metals royalty company: Sandbox will have exposure to a range of resource royalties including gold, silver, copper, zinc, graphite and uranium, immediate cash flow from producing royalties, a strong treasury and significant leverage to strengthening metal prices and resource growth.
    • Top mining jurisdictions: Sandbox's royalty portfolio assets are primarily located in mining-friendly jurisdictions in the Americas and Europe.
    • Experienced management: Sandbox will be led by Greg Smith as President and Chief Executive Officer, Marcel de Groot as Chair of the board, Victoria McMillan as Chief Financial Officer, and Craig Rollins as General Counsel.
    • Supportive shareholders: Sandstorm and Equinox Gold will hold a 34% and 30% basic interest, respectively, in Sandbox, providing the opportunity to participate in and facilitate future growth of Sandbox.

    SANDSTORM GOLD ROYALTIES DECLARES 2022 THIRD QUARTERLY DIVIDEND
    https://www.prnewswire.com/new…y-dividend-301578346.html
    VANCOUVER, BC, June 30, 2022 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce that its Board of Directors has declared the Company's third quarterly cash dividend for 2022 in the amount of C$0.02 per common share to shareholders of record as of the close of business on July 19, 2022. The dividend will be paid on July 29, 2022. The dividend qualifies as an "eligible dividend" as defined in the Income Tax Act (Canada).

    SANDSTORM GOLD ROYALTIES ANNOUNCES RECORD SALES AND REVENUE IN SECOND QUARTER 2022
    https://www.prnewswire.com/new…arter-2022-301580286.html


    VANCOUVER, BC, July 5, 2022 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to report that the Company sold approximately 19,200 attributable gold equivalent ounces1 and realized preliminary revenue2 of $36.0 million (total sales, royalties, and income from other interests1 of $36.0 million) during the three months ended June 30, 2022, all representing a record for the Company (18,004 attributable gold equivalent ounces, $26.4 million in revenue, and $32.3 million in total sales, royalties, and income from other interests for the comparable period in 2021). Preliminary cost of sales, excluding depletion2 for the three month period was $5.3 million resulting in cash operating margins1 of approximately $1,590 per attributable gold equivalent ounce1 ($4.1 million and $1,569 per attributable gold equivalent ounce for the comparable period in 2021, respectively).

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    SANDSTORM GOLD ROYALTIES CLOSES BASECORE PORTFOLIO ACQUISITION

    https://www.prnewswire.com/new…cquisition-301585041.html
    VANCOUVER, BC, July 12, 2022 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce the closing of the previously announced acquisition of nine royalties and one stream (the "Royalty Package") from BaseCore Metals LP ("BaseCore"). Sandstorm made a payment of US$425 million in cash, partly funded by the previously announced upsized credit facility, and issued approximately 13.5 million common shares of the Company to BaseCore (the "Sandstorm Shares"). In accordance with Canadian securities laws, the Sandstorm Shares will be subject to a four-month hold period.
    "The closing of the BaseCore transaction is the first part of an exciting new chapter for Sandstorm," commented Nolan Watson, Sandstorm's President and CEO. "The addition of this Royalty Package will contribute meaningful immediate and long-term growth to the Company's portfolio and help position Sandstorm as the go-to mid-tier royalty company."


    Sandstorm Gold Royalties Announces Record 2022 Second Quarter Results
    https://www.newswire.ca/news-r…er-results-819862822.html
    SECOND QUARTER HIGHLIGHTS

    • Record attributable gold equivalent ounces1 of 19,276 ounces (Q2 2021—18,004 ounces);
    • Record revenue of $36.0 million (Q2 2021—$26.4 million);
    • Cash flows from operating activities, excluding changes in non-cash working capital1 of $21.9 million (Q2 2021—$17.6 million);
    • Average cash cost per attributable gold equivalent ounce1 of $273 resulting in cash operating margins1 of $1,593 per ounce (Q2 2021—$227 per ounce and $1,569 per ounce respectively);
    • Record net income of $39.7 million (Q2 2021—$8.6 million)

    Sandstorm Gold Royalties Completes Acquisition of Nomad Royalty Company

    https://www.prnewswire.com/new…ty-company-301605621.html
    VANCOUVER, BC, Aug. 15, 2022 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce the successful completion of the previously announced acquisition of Nomad Royalty Company Ltd. (NYSE: NSR) (TSX: NSR) ("Nomad") pursuant to a plan of arrangement under the Canada Business Corporations Act (the "Acquisition").
    Sandstorm issued approximately 74.4 million common shares of the Company ("Sandstorm Shares") to former Nomad shareholders equal to an exchange ratio of 1.21 Sandstorm Shares for each common share of Nomad (each, a "Nomad Share"). The Company's shareholders approved the share issuance for the Acquisition at its special meeting of shareholders on August 9, 2022 (see press release dated August 9, 2022). The Sandstorm Shares issued pursuant to the Acquisition are expected to be listed and posted for trading on the Toronto Stock Exchange and New York Stock Exchange. With completion of the Acquisition, existing Sandstorm and former Nomad shareholders are expected to own approximately 73% and 27% of the outstanding shares of the pro forma Sandstorm, respectively1.
    TRANSFORMATIVE MILESTONE FOR SANDSTORM


    Substantial increase in size and scale cementing Sandstorm's status as the highest-growth2 and most liquid mid-tier royalty and streaming company;


    Adds high-quality and low-cost assets with precious metals focus resulting in Sandstorm's expected revenue to be nearly 90% precious metals3 in 2025;


    Highest growth amongst peers4 where production is expected to grow more than 85% between 2022 and 2025;


    Industry-leading portfolio diversification with a resulting portfolio of 250 streams and royalties, of which 39 of the underlying assets are cash-flowing and no asset contributing more than 15% to the Company's consensus net asset value; and

    Bolsters financial strength and capital markets profile with a strong balance sheet, increased public float, liquidity, and access to capital, Sandstorm is expected to have a greater capacity to pursue further growth and return capital to Sandstorm shareholders.




    Sandstorm Gold Royalties Completes Sale of Hod Maden Interest and Concurrent Gold Stream with Horizon Copper
    https://www.newswire.ca/news-r…zon-copper-892810349.html
    VANCOUVER, BC, Aug. 31, 2022 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to report the closing of the first part of the previously announced reverse takeover transaction (the "RTO Part A") of Horizon Copper Corp. (formerly Royalty North Partners Ltd.) ("Horizon Copper" or "Horizon"), including the sale of the Company's 30% interest in the Hod Maden project to Horizon (the "Sale Transaction") and the receipt of a $200 million gold stream on production from Hod Maden (the "Hod Maden Gold Stream").
    "Since announcing the transformation of our Hod Maden interest into a traditional gold stream earlier this year, we have received overwhelmingly positive feedback from shareholders who are eager to see Sandstorm become a pure-play royalty and streaming company once again," commented Nolan Watson, Sandstorm's President & CEO. "This is a significant milestone that we have been working towards since acquiring Hod Maden several years ago. Furthermore, we're very pleased to see Horizon Copper complete the first part of its RTO and solidify its position as Sandstorm's strategic partner for future acquisitions."
    As part of the Sale Transaction, Sandstorm transferred to Horizon its 30% interest in Hod Maden as well as US$10 million in cash and a 25% equity stake in Entrée Resources Ltd.1 ("Entrée") (collectively, the "RTO Part A Assets"). Consideration for the RTO Part A Assets provided to Sandstorm by Horizon include the Hod Maden Gold Stream, an approximate 34% equity interest in Horizon Copper2 common shares, and a secured convertible promissory note with a principal amount of US$95 million. For full details see the Company's press releases dated February 17, 2022, May 2, 2022, and May 26, 2022.
    Under the terms of the Hod Maden Gold Stream, Horizon will sell to Sandstorm gold ounces equal to 20% of all gold produced from Hod Maden (on a 100% basis) at a price equal to 50% of the gold spot price until 405,000 ounces of gold are delivered (the "Delivery Threshold"). Once the Delivery Threshold has been reached, Horizon Copper will sell to Sandstorm 12% of the gold produced for the life of the mine for a price equal to 60% of the gold spot price. The Hod Maden Gold Stream will be secured by Horizon's indirect interest in the Hod Maden project.

    Sandstorm Gold Royalties Announces US$80 Million Bought Deal Financing
    https://ceo.ca/@globenewswire/…unces-us80-million-bought
    VANCOUVER, British Columbia, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Sandstorm Gold Ltd. (“Sandstorm Gold Royalties” or the “Company”) (NYSE: SAND, TSX: SSL) has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and Scotiabank (the “Underwriters”) under which the Underwriters have agreed to buy from the Company, on a bought deal basis, 15,700,000 common shares (the “Common Shares”), at a price of US$5.10 per Common Share for gross proceeds to the Company of approximately US$80 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about October 4, 2022 and is subject to the Company receiving all necessary regulatory approvals.



    Sandstorm (SAND) (SSL.to): Beyond incompetent


    If anyone can explain today’s news as smart management without invoking fantasy images of 12 Dimensional Chess then have at it, because any rational way you look at this is so mind-achingly dumb it makes your average junior mining C-suite look competent. Really, it’s that bad. After all the wheelin’n’dealin this year, SAND has suddenly realized it’s a bit short of treasury? How far ahead do these people plan their corporate moves? A week? Three days?


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    This band of jokers have been promoted way above their station and should not be left with the keys of a billion dollar market capper. I’m only laughing because I don’t own any SAND, I’d feel ashamed if I were. If you’re retail long and stay that way after reading this, you’re either too financially illiterate to realize how much they laugh at you behind your back or you’re into masochism.

    Sandstorm Gold Royalties Announces Record Sales and Revenue in Third Quarter 2022

    VANCOUVER, BC, Oct. 6, 2022 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE: SAND) (TSX: SSL) is pleased to report that the Company sold approximately 22,600 attributable gold equivalent ounces1 and realized preliminary revenue2 of $38.9 million during the three months ended September 30, 2022, both representing a record for the Company (15,514 attributable gold equivalent ounces and $27.6 million in revenue for the comparable period in 2021). Preliminary cost of sales, excluding depletion2 for the three month period was $7.3 million resulting in cash operating margins1 of approximately $1,383 per attributable gold equivalent ounce1 ($3.7 million and $1,541 per attributable gold equivalent ounce for the comparable period in 2021, respectively).


    https://www.prnewswire.com/new…arter-2022-301642167.html

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