The following is a summary of the Sandstorm Gold Ltd. (SAND) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Q2 yielded gold equivalent production of just over 17,400 attributable ounces, with revenues exceeding $41 million due to higher gold prices.

• Debt levels were reduced, with current outstanding debt at $383 million and a target to further decrease to $350 million by year-end.

• Net income for the quarter was notable at $10.5 million, further supported by debt repayment commitments and share buybacks.

Business Progress:

• Greenstone mine commenced production, expecting to contribute significantly to future outputs.

• Strategic acquisitions, such as the purchase of Nomad Royalties, have bolstered development assets.

• Sandstorm is planning future acquisitions to expand production, focusing on assets that will contribute to cash flow within a short timeframe.

Opportunities:

• The initiation of first gold production at Greenstone and planned acquisitions provide significant production and revenue growth potential.

• Expected increase in NAV production to 72% by the end of next year and 88% by 2029 from current and future assets, painting a strong growth trajectory.

Risks:

• Lower production in Q2 due to unforeseen issues at mining sites, such as the Piaba pit and Aurizona, which may impact short-term outputs if not resolved timely.

More details: Sandstorm Gold IR

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