Sandstorm Gold Royalties Announces Q3 2023 Sales; Sold ~21,100 Attributable Gold Equivalent Ounces And Realized Preliminary Revenue Of $41.2M

Author: Benzinga Newsdesk | October 05, 2023 04:16pm

Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm", or the "Company") (NYSE:SAND) (TSX:SSL) is pleased to report that the Company sold approximately 21,100 attributable gold equivalent ounces1 and realized preliminary revenue2 of $41.2 million during the three months ended September 30, 2023, (22,606 attributable gold equivalent ounces and $39.0 million in revenue for the comparable period in 2022).

Preliminary cost of sales, excluding depletion2 for the three month period was $4.6 million resulting in cash operating margins1 of approximately $1,700 per attributable gold equivalent ounce1 ($7.3 million and $1,383 per attributable gold equivalent ounce for the comparable period in 2022, respectively).

Posted In: SAND TSX:SSL