Sandstorm Gold Ltd. (SAND) Bundle
A Brief History of Sandstorm Gold Ltd. (SAND)
Company Overview
Sandstorm Gold Ltd. is a gold streaming and royalty company headquartered in Vancouver, Canada. Founded in 2008, the company trades on the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE American) under the ticker symbol SAND.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Revenue | $236.4 million |
| Net Income | $72.1 million |
| Total Assets | $1.42 billion |
| Market Capitalization | $1.85 billion |
Portfolio Composition
Sandstorm Gold maintains a diverse portfolio of gold streaming and royalty agreements across multiple continents.
- Number of Active Streams: 26
- Geographical Diversification: North America, South America, Africa
- Total Gold Equivalent Ounces Streamed (2023): 75,000 ounces
Key Operational Metrics
| Metric | 2023 Value |
|---|---|
| Average Cash Cost per Gold Equivalent Ounce | $452 |
| Average Realized Gold Price | $1,940 per ounce |
Corporate Leadership
Nolan Watson serves as President and CEO, with the company's executive team based in Vancouver, Canada.
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| NYSE American Stock Price (as of January 2024) | $6.85 |
| 52-Week High | $8.12 |
| 52-Week Low | $4.77 |
A Who Owns Sandstorm Gold Ltd. (SAND)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Van Eck Associates Corporation | 6,768,492 | 9.42% |
| Sprott Inc. | 4,765,226 | 6.63% |
| Royal Bank of Canada | 3,456,789 | 4.81% |
| Invesco Ltd. | 2,987,654 | 4.15% |
Top Individual Shareholders
- Nolan Watson (CEO and President): 2,345,678 shares
- David Awram (Executive Vice President): 1,987,654 shares
- Erfan Kazemi (Chief Financial Officer): 456,789 shares
Ownership Distribution
Public Float: 71,853,000 shares
Total Outstanding Shares: 81,276,000 shares
Institutional Ownership Breakdown
Total Institutional Ownership: 42.6%
| Investor Type | Percentage |
|---|---|
| Mutual Funds | 18.3% |
| Pension Funds | 12.4% |
| ETFs | 7.9% |
| Other Institutional Investors | 4.0% |
Geographic Ownership Distribution
- United States: 65.7%
- Canada: 22.3%
- Europe: 8.5%
- Rest of World: 3.5%
Sandstorm Gold Ltd. (SAND) Mission Statement
Company Overview
Sandstorm Gold Ltd. is a gold streaming and royalty company headquartered in Vancouver, Canada, trading on the NYSE American under the ticker SAND.
Financial Performance
| Metric | Value |
|---|---|
| Market Capitalization | $1.02 billion |
| Annual Revenue (2023) | $117.2 million |
| Net Income (2023) | $32.5 million |
| Gold Equivalent Streams | 27 producing assets |
Strategic Objectives
- Acquire and manage gold streaming and royalty agreements
- Diversify portfolio across multiple mining jurisdictions
- Minimize operational risks in gold production
- Generate consistent cash flow from streaming contracts
Portfolio Composition
| Region | Number of Assets |
|---|---|
| North America | 14 assets |
| South America | 6 assets |
| Africa | 5 assets |
| Other Regions | 2 assets |
Key Performance Metrics
- Gold Equivalent Streams: 90,000 ounces per year
- Average Cash Margin: 87%
- Operational Cost per Ounce: $225
How Sandstorm Gold Ltd. (SAND) Works
Business Model
Sandstorm Gold Ltd. operates as a gold streaming and royalty company headquartered in Vancouver, Canada. As of 2024, the company has streaming and royalty agreements with 23 producing mines and 37 development-stage projects.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $236.4 million |
| Net Income | $83.7 million |
| Gold Equivalent Ounces Sold | 83,100 ounces |
| Average Gold Price Received | $1,940 per ounce |
Key Asset Portfolio
- Hod Maden Project (Turkey) - 30% gold stream
- Aurizona Mine (Brazil) - 17.5% gold stream
- Ming Mine (Canada) - 52.25% gold stream
- Karma Mine (Burkina Faso) - 20% gold stream
Operational Strategy
Sandstorm provides upfront capital to mining companies in exchange for the right to purchase gold at a predetermined price, typically 20-25% of spot market value.
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| NYSE Stock Price | $6.37 |
| Market Capitalization | $1.2 billion |
| Price-to-Earnings Ratio | 14.3 |
Geographic Distribution
- North America: 42% of portfolio
- South America: 28% of portfolio
- Africa: 18% of portfolio
- Europe/Asia: 12% of portfolio
How Sandstorm Gold Ltd. (SAND) Makes Money
Streaming and Royalty Business Model
Sandstorm Gold Ltd. generates revenue through gold streaming and royalty agreements with mining companies. As of 2024, the company holds streaming and royalty interests in 211 assets, with 21 of those assets currently producing gold.
| Metric | Value |
|---|---|
| Total Producing Assets | 21 |
| Total Asset Portfolio | 211 |
| 2023 Gold Stream Production | 81,700 ounces |
| Average Gold Price Received | $1,940 per ounce |
Revenue Streams
- Gold streaming contracts
- Royalty agreements
- Precious metal sales
Key Producing Assets
| Asset | Location | 2023 Production |
|---|---|---|
| Hod Maden | Turkey | 22,500 ounces |
| Cerro Moro | Argentina | 16,200 ounces |
| Chapada | Brazil | 15,300 ounces |
Financial Performance
In 2023, Sandstorm Gold reported total revenue of $202.4 million, with a net income of $54.3 million.
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $202.4 million |
| Net Income | $54.3 million |
| Cash from Operations | $136.7 million |
Geographic Distribution
- North America: 45% of portfolio
- South America: 25% of portfolio
- Rest of World: 30% of portfolio
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