Monday, August 25, 2025

Latest

Gold Price Disconnect: Physical Demand vs. Paper Markets

At the Rule Symposium in Boca Raton, Florida, Nolan Watson, President & CEO of Sandstorm Gold Ltd. (NYSE: SAND) (TSX: SSL), shared insights on his company’s remarkable journey from startup to a $1.6 billion market cap royalty and streaming enterprise.

Watson detailed Sandstorm’s business model, which centers on diversified royalties from mines globally, generating substantial cash flow. He highlighted the company’s strategic shift from equity issuance to share buybacks and debt reduction, signaling financial maturity and confidence in future prospects.

Addressing the disconnect between gold prices and gold equities, Watson provided a nuanced perspective on institutional investor behavior:

“If you look over the last 14 months, 12 months in a row was net liquidation by institutional investors of gold out of ETFs and it’s those same institutional investors that have been liquidating gold equities. It’s just in the last two months that institutional investors have become net buyers of gold,” he explained. “So you’ve had the international central banks buying gold, and you’ve had institutional investors selling gold, and that’s been putting downward pressure on all of the gold companies.”

Watson outlined Sandstorm’s current and future revenue streams, spotlighting key projects such as Equinox’s Greenstone mine and Barrick’s Robertson mine. Drawing a parallel with industry giant Franco Nevada, Watson suggested Sandstorm is following a similar growth trajectory, positioning itself to become a major player in the sector.


Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security. The Deep Dive and its affiliates hold no licenses.

Video Articles

First Majestic Q2 Earnings: Another Record Quarter

Sandstorm Gold Fades Into Royal Gold Merger

Equinox Gold Q2 Earnings: Back On Track

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

In this conversation, Richard Young, President and CEO of i-80 Gold Corp. (TSX: IAU |...

Monday, July 14, 2025, 12:50:00 PM

Pandemic Lockdowns Wreak Havoc On Gold Operations Globally

It appears that the mining of gold is slowing globally while the spot price of...

Tuesday, March 24, 2020, 12:40:05 PM

Great Bear Resources Conducts $37.2 Million Flow Through Bought Deal Financing

Great Bear Resources (TSXV: GBR) is the latest firm to cash in on the frothy...

Thursday, January 21, 2021, 08:14:36 AM

Silver Outperforming Gold as Industrial Consumption Set to Drive Demand

The coronavirus pandemic has caused many investors to flock to safe-haven assets such as gold,...

Monday, August 17, 2020, 02:26:10 PM

Freeman Gold Expands Lehmi Gold Project With 219 Additional Claims

Freeman Gold (CSE: FMAN) this morning announced that it staked an additional 219 claims at...

Thursday, June 11, 2020, 08:57:07 AM