HomeMarket News Sandstorm Gold Achieves Record-Breaking Full-Year Production...

Sandstorm Gold Achieves Record-Breaking Full-Year Production and Revenues
Sandstorm Gold Achieves Record-Breaking Full-Year Production and Revenues

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In a triumphant announcement, Sandstorm Gold (NYSE:SAND) revealed on Monday that it had achieved an unprecedented milestone in its history, reporting the sale of 97,200 attributable gold equivalent ounces and a remarkable $179.6 million in preliminary revenues for the full year. These figures stand as company records, representing a significant feat for the firm. Moreover, Sandstorm Gold reported that preliminary total sales, royalties, and income from other interests soared to a record $191.5 million for the full year.

Gold Mine
Photo by Moussa81/iStock via Getty Images

For the fourth quarter alone, Sandstorm Gold (SAND) achieved the sale of 23,300 attributable gold equivalent ounces, realizing $44.5 million in preliminary revenues. Furthermore, the company reported that preliminary total sales, royalties, and income from other interests in this period amounted to $46.3 million.

Remarkably, the preliminary cost of sales for the full year, excluding depletion, totaled $21.7 million, resulting in cash operating margins of $1,706 per attributable gold equivalent ounce.

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