Sandstorm Gold ( NYSE: SAND ) said Wednesday its FY 2022 gold production and revenues set company records , benefiting from strong Q4 results.
The gold royalty company said Q4 production jumped 31% Y/Y to 21.8K attributable gold equivalent oz, generating $38.4M in revenues compared with $29.8M in the year-earlier quarter.
For the full year, Sandstorm ( SAND ) sold 82.4K attributable gold oz, up 22% from FY 2021, generating $148.7M in revenues in 2022 compared with $114.9M in the prior year.
Preliminary cost of sales for FY 2022 totaled $23.4M resulting in cash operating margins of $1,511 per gold equivalent oz, compared with 2021 results of $16.8M and $1,539/oz, respectively.
Sandstorm ( SAND ) shares trade slightly lower Wednesday, -0.5% , but have gained 5% YTD as gold prices have climbed to their best levels in more than six months .
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Sandstorm Gold sets company records for full year production, sales