Sandstorm Gold Sees Revenues Rise In Q3 Despite Declining Production

Sandstorm Gold (TSX: SSL) last night reported its preliminary fourth quarter results, highlighted by preliminary revenue of $44.7 million.

Preliminary revenue improved by 8% on a year over year basis, up from the $41.3 million reported in the year ago period. Revenue also improved from the $41.4 million reported in the second quarter of this year.

Despite the revenue improvement attributable gold equivalent ounces came in at 17,350 ounces, a decline of 17.9% on a year over year basis from 21,123 ounces, as well as a marginal decline from 17,400 ounces last quarter.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

Cost of sales amounted to $5.3 million, resulting in margins of $2,215 per attributable gold equivalent ounce.

Full financial results are slated to be released after the close of markets on November 7.

Sandstorm Gold last traded at $8.00 on the TSX.


Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Red Cloud Fall Mining Showcase 2026 | Day 1

Can an Old Irish Mine Recover the Silver It Left Behind? | Julian Vickers – Northmin Corporation

Is Gold at $4,000 a Buy Zone or a Breakdown? | David Morgan

Recommended

McLaren Resources Launches Satellite Targeting Program Across Three Timmins Area Gold Properties

Mercado Minerals Lengthens El Triunfo Vein by 190 Metres, Readies 1,500-Metre Zamora Drill Program

Related News

Sandstorm Gold Reports Prelim Cash Operating Margin Of $2,507 An Ounce In Q1

The current gold environment has assisted Sandstorm Gold (TSX: SSL) in masking its decline in...

Wednesday, April 9, 2025, 08:34:32 AM

Sandstorm Gold To Drop $1.1 Billion Acquiring Nomad Royalty, Royalty Package

Consolidation is coming to the royalty space. Sandstorm Gold (TSX: SSL) this morning announced it...

Monday, May 2, 2022, 08:00:23 AM

BMO Cuts Sandstorm Gold’s Price Target After Underwriting Financing

On October 4, Sandstorm Gold (TSX: SSL) announced the closing of their bought deal financing....

Thursday, October 6, 2022, 03:55:00 PM

Sandstorm Gold Reports US$1.05 Billion After-Tax NPV For Hod Maden Project

Sandstorm Gold Ltd. (TSX: SSL) shared this morning the results of its feasibility study for the...

Wednesday, November 24, 2021, 10:27:00 AM

Gold Price Disconnect: Physical Demand vs. Paper Markets

At the Rule Symposium in Boca Raton, Florida, Nolan Watson, President & CEO of Sandstorm...

Thursday, July 11, 2024, 08:27:00 AM