Overview

* Sandstorm Q2 revenue rises to $51.4 mln, beating analyst expectations, per LSEG data

* Net income for Q2 increases to $16.9 mln, up from $10.5 mln in 2024

* Royal Gold to acquire Sandstorm in $3.5 bln all-share transaction

Outlook

* Company forecasts 2025 production at 65,000-80,000 attributable gold equivalent ounces

* Sandstorm's 2025 guidance sensitive to copper and silver price changes

* Company expects long-term production of 150,000 attributable gold equivalentounces by 2030

* Sandstorm Transaction with Royal Gold expected to close in Q4 2025

Result Drivers

* STRONG COMMODITY PRICES - Record revenue and operating margins driven by high gold and silver prices

* DECREASED PRODUCTION - Attributable gold equivalent ounces decreased due to lower-grade stockpiles at key assets

* OPERATIONAL IMPROVEMENTS - Increased mining activity and stronger throughput at key assets boosted revenue

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $51.40 $50 mln

Revenue mln (1

Analyst)

Q2 Net $16.90

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the gold peer group is "buy"

* Wall Street's median 12-month price target for Sandstorm Gold Ltd ( SAND ) is C$14.35, about 4.6% above its August 6 closing price of C$13.69

* The stock recently traded at 45 times the next 12-month earnings vs. a P/E of 43 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)