We’ve got the first set of earnings now from a royalty name, and as we’ve said in the past, it’s a tough business to be in. But the rising price of gold is making that business a bit easier, at least on the surface, because it allows operators to mask declining production.
And that’s exactly the scenario Sandstorm Gold (TSX: SSL) found themselves in in the first quarter – posting record revenue, despite attributable gold production being slightly down.
Lets dive in.
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