2023-05-10 16:53:33 ET
- Sandstorm Gold press release ( NYSE: SAND ): Q1 Revenue of $44M (+24.3% Y/Y) misses by $4.84M .
- Record attributable gold equivalent ounces of 28,368 ounces (Q1 2022 — 18,741 ounces).
- Record cash flows from operating activities, excluding changes in non-cash working capital of $42.7 million (Q1 2022 — $26.7 million).
- Net income of $15.6 million (Q1 2022 — $9.1 million).
- Average cash cost per attributable gold equivalent ounce of $230 resulting in cash operating margins of $1,652 per ounce (Q1 2022 — $283 per ounce and $1,604 per ounce respectively).
- Outlook: Based on the Company's existing royalties, attributable gold equivalent ounces for 2023 are forecasted to be between 90,000 and 100,000 ounces. The Company's production forecast is expected to reach approximately 125,000 attributable gold equivalent ounces within the next five years, with a sustainable average annual production of approximately 110,000 attributable gold equivalent ounces over the next 15 years.
For further details see:
Sandstorm Gold reports Q1 results; updates FY23 production guidance