Sandstorm Gold Reports Q4 Net Income of $2.6 Million

- March 19th, 2015

Sandstorm Gold Ltd. (TSX:SSL,NYSEMKT:SAND) announced its results for Q4 2014, as well as 2014 as a whole, noting that during Q4 it recorded revenue of $12.5 million and net income of $2.6 million.

Sandstorm Gold Ltd. (TSX:SSL,NYSEMKT:SAND) announced its results for Q4 2014, as well as 2014 as a whole, noting that during Q4 it recorded revenue of $12.5 million and net income of $2.6 million.

Other Q4 highlights include:

  • Strong balance sheet with over $90 million in cash at December 31, 2014;
  • Attributable Gold Equivalent ounces sold of 10,424 ounces;
  • Average cash cost per Attributable Gold Equivalent ounce of $308 resulting in cash operating margins of $890 per ounce;
  • Operating cash flow of $8.9 million

2014 highlights are as follows:

  • Attributable Gold Equivalent ounces sold1 of 44,821 ounces;
  • Revenue of $56.5 million;
  • Average cash cost per Attributable Gold Equivalent ounce of $321 resulting in cash operating margins of $939 per ounce;
  • Operating cash flow of $35.2 million;
  • Net income of $11.5 million;
  • Exercised option to purchase an amount equal to 20% of the gold produced from the Santa Elena underground mine in Mexico (‘Santa Elena’) for US$10 million

Nolan Watson, president and CEO of Sandstorm, commented:

During 2014, our team was able to grow our asset base with the addition of 11 new streams and royalties, we generated significant free cash flow from our existing portfolio and worked through a number of challenges that arose due to the volatile gold price environment. I believe that 2015 will be a strong year for Sandstorm as we use our available capital to aggressively pursue new transactions and grow our future production and cash flow.

Click here to read the full Sandstorm Gold Ltd. (TSX:SSL,NYSEMKT:SAND) press release.

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