2023-04-05 16:44:49 ET
Sandstorm Gold ( NYSE: SAND ) +1.1% post-market Wednesday after reporting it sold 28,400 attributable gold equivalent oz and realized preliminary revenues of $44M during Q1, both company records .
In the same quarter a year ago, Sandstorm ( SAND ) sales volumes of 18,741 attributable gold equivalent oz and revenues of $35.4M.
The company said it will renew its normal course issuer bid after the existing NCIB expires on April 6; under the renewed NCIB, Sandstorm ( SAND ) may purchase up to 24M common shares, representing ~8% of its issued and outstanding shares.
Sandstorm ( SAND ) said the Toronto Stock Exchange accepted the company's notice that it intends to proceed with a NCIB.
In Q4, Sandstorm Gold ( SAND ) reported a $2.1M net loss on revenues of $38.4M .
For further details see:
Sandstorm Gold Q1 royalties hit record, to buy back more shares