04:51 PM EST, 01/07/2025 (MT Newswires) -- Sandstorm Gold ( SAND ) was last seen up 2% in after-hours New York trading after the company on Tuesday said its fourth-quarter revenue rose 6.5%.

The royalty and streaming company said it sold approximately 17,700 attributable gold equivalent ounces (GEOs) in quarter to realize US$47.4 million, down from 23,250 GEOs in the year-prior quarter but up from revenue US$44.5 million a year earlier as gold prices rose.

Sandstorm said it "remains a growth-oriented company and is reiterating its long-term production forecast" and is targeting annual sales of 125,000 GEOs within the next five years, based on streams and royalties the company has bought and paid for.

The company ended 2024 with an undrawn and available balance of US$270 million on its US$335 million credit facility.

Sandstorm shares were last seen up US$0.11 to US$5.75 after hours. They closed up $0.10 to $8.11 on the Toronto Stock Exchange.