StockLogistics
3 years ago
4:13p ET 10/4/2021 - PR Newswire
Sandstorm Gold Royalties Announces 2021 Third Quarter Sales
Mentioned: SAND
Designated News Release
Sandstorm Gold Ltd. ("Sandstorm Gold Royalties" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce that the Company sold approximately 15,500 attributable gold equivalent ounces1 and realized preliminary revenue2 of $27.6 million during the three months ended September 30, 2021. Preliminary cost of sales, excluding depletion2 for the three month period was $3.7 million resulting in cash operating margins1 of approximately $1,540 per attributable gold equivalent ounce1.
Note 1Sandstorm Gold Royalties has included certain performance measures in this press release that do not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS") including (i) attributable gold equivalent ounces and (ii) cash operating margin. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these non-IFRS measures differently. Note these figures have not been audited and are subject to change. (i) As the Company's operations are primarily focused on precious metals, the Company presents attributable gold equivalent ounces as it believes that certain investors use this information to evaluate the Company's performance in comparison to other mining companies in the precious metals mining industry who present results on a similar basis. The Company's royalty and other commodity stream revenue, including adjustments for contractual income relating to those interests, is converted to an attributable gold equivalent ounce basis by dividing the royalty and other commodity stream revenue, including adjustments for contractual income relating to those interests, for that period by the average realized gold price per ounce from the Company's gold streams for the same respective period. These attributable gold equivalent ounces when combined with the gold ounces sold from the Company's gold streams equal total attributable gold equivalent ounces sold and may be subject to change. (ii) The Company presents cash operating margin as it believes that certain investors use this information to evaluate the Company's performance in comparison to other companies in the precious metals mining industry who present results on a similar basis. Cash operating margin is calculated by subtracting cost of sales, excluding depletion from Total Sales, Royalties, and Income from other interests and dividing this figure by attributable gold equivalent ounces sold ([$27.6 million - $3.7 million]/15,500 attributable gold equivalent ounces). Total Sales, Royalties and Income from Other Interests is calculated by taking total revenue which includes Sales and Royalty Revenue, and adding contractual income relating to royalties, streams and other interests excluding gains and losses on dispositions. The Company presents Total Sales, Royalties and income from other interests as it believes that certain investors use this information to evaluate the Company's performance in comparison to other streaming and royalty companies in the precious metals mining industry.Note 2These figures have not been audited and are subject to change. As the Company has not yet finished its quarter-end close procedures, the anticipated financial information presented in this press release is preliminary, subject to final quarter-end closing adjustments, and may change materially.
https://www.prnewswire.com/news-releases/sandstorm-gold-royalties-announces-2021-third-quarter-sales-301392205.html
DewmBoom
3 years ago
$SND: Energy stock will be in high demand for a long time. If you are into energy stock, take a look at $SND. They won a $35M lawsuit in cash. Now cash on hand is $46M. Their projected revenue is over $150M, and their market cap is $143M with low OS of 43M that is mainly owned by insiders.
It is true that we have an EV revolution and electrification is growing, don't lose sight, however, of the fact that over 90% of vehicles to be sold in the US between light-duty and heavy-duty in this decade and beyond are going to be internal combustion engines.
Orange Julius
4 years ago
Bought $800K - No Brainer, Undervalued 10x Bagger
The financials:
$88M Market Cap
$36 Net Income (2020)
5 year trend of consistently increasing revenue and income growth, record year in 2020.
39M Outstanding Shares (share count is gradually decreasing, probably buy-backs)
23M Float
Based on the book value, this thing is worth around $7.00 (or $14 if you are using the float only). The price is going to go higher after it reaches book value. It'll realistically probably go up to $20-$30 or more.
I've finished my weeks-long purchases in the cheap, so there is no longer any need to hide this gem anymore.