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Sandstorm Gold Royalties Up 2% In US After Hours As Details Q3 Sales and Revenue
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Sandstorm Gold Royalties Up 2% In US After Hours As Details Q3 Sales and Revenue
Oct 10, 2024 11:43 PM

05:00 PM EDT, 10/10/2024 (MT Newswires) -- Sandstorm Gold ( SAND ) was at last look up 2% in US after hours as it reported sales and revenue for the third quarter.

The royalty and streaming company said it sold 17,350 attributable gold equivalent ounces (GEOs) and realized preliminary revenue of US$44.7 million, up from 21,123 GEOs and US$41.3 million in revenue in the year-prior quarter.

It added preliminary cost of sales, excluding depletion, for the quarter was US$5.3 million, resulting in cash operating margins of approximately $2,215 per GEO, up from US$4.7 million and US$1,699 per GEO.

The company will release its 2024 Q3 results on Thursday, November 7, 2024, after markets close.

Sandstorm shares were last seen up US$0.12 to US$5.95 in after-hours trade. They closed up $0.18, or 2.3%, to $8.01 on the Toronto Stock Exchange.

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