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Sandstorm Gold Royalties Announces Document Revenuein 2020

7 min read
Sandstorm Gold Royalties Announces Document Revenuein 2020
Sandstorm Gold Royalties Announces Document Revenuein 2020

The MarketWatch News Division was not involved in the generation of this material.

Sandstorm Gold Ltd. (“Sandstorm Gold Royalties” or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to report that the Enterprise has offered approximately 52,200 attributable gold equal ounces1 and understood preliminary report profits2 of $93. million for the complete 2020 year.

In the course of the three months finished December 31, 2020, the Firm sold somewhere around 15,800 attributable gold equivalent ounces1 and understood preliminary report income2 of $29.7 million. Preliminary expense of sales, excluding depletion2 for the a few thirty day period period of time was $3.9 million resulting in hard cash functioning margins1 of approximately $1,630 for each attributable gold equivalent ounce1. These results really should be browse in conjunction with the Company’s audited consolidated monetary statements for the 12 months ended December 31, 2020 as and when released.

Note 1

The Company has incorporated certain functionality measures in this push launch that do not have any standardized which means prescribed by International Monetary Reporting Specifications (IFRS) which includes (i) attributable gold equal ounces and (ii) dollars operating margin. The presentation of these non-IFRS measures is supposed to deliver more facts and really should not be regarded in isolation or as a substitute for actions of efficiency well prepared in accordance with IFRS. Other corporations might estimate these non-IFRS actions differently. Be aware these figures have not been audited and are subject to improve. (i) As the Company’s functions are mainly targeted on precious metals, the Enterprise provides attributable gold equal ounces as it thinks that particular investors use this facts to consider the Company’s performance in comparison to other mining corporations in the cherished metals mining sector who existing success on a very similar basis. The Company’s royalty and other commodity stream profits is converted to an attributable gold equal ounce foundation by dividing the royalty and other commodity stream earnings for that time period by the typical understood gold value for each ounce from the Company’s gold streams for the similar respective time period. These attributable gold equivalent ounces when combined with the gold ounces sold from the Company’s gold streams equal complete attributable gold equal ounces offered and may possibly be issue to adjust. (ii) The Organization presents funds working margin as it believes that particular investors use this data to assess the Company’s effectiveness in comparison to other providers in the important metals mining industry who existing effects on a very similar foundation. Income working margin is calculated by subtracting cost of product sales, excluding depletion from income and dividing this figure by attributable gold equal ounces sold ([$29.7 Million – $3.9 Million]/15,800 attributable gold equal ounces).

Take note 2

These figures have not been audited and are subject matter to transform. As the Firm has not nevertheless finished its yr-end once-a-year shut procedures, and the audit of its 2020 economic statements is not finish, the predicted economical data presented in this press launch is preliminary, topic to ultimate calendar year-finish closing adjustments, and may possibly adjust materially. The information and facts offered over has not been audited by the Company’s independent accountants, should really not be viewed as a substitute for audited economic statements, and should not be regarded as a representation by the Business as to the genuine monetary effects.

ABOUT SANDSTORM GOLD ROYALTIES

Sandstorm is a gold royalty enterprise that offers upfront funding to gold mining companies that are hunting for cash and in return, receives the correct to a proportion of the gold generated from a mine, for the lifestyle of the mine. Sandstorm Gold Royalties has acquired a portfolio of 201 royalties, of which 24 of the underlying mines are creating. Sandstorm Gold Royalties strategies to develop and diversify its low price manufacturing profile through the acquisition of further gold royalties. For extra details stop by: www.sandstormgold.com.

CAUTIONARY STATEMENTS TO U.S. SECURITYHOLDERS

The financial info integrated or included by reference in this push release or the paperwork referenced herein has been well prepared in accordance with International Money Reporting Requirements as issued by the Intercontinental Accounting Requirements Board, which differs from US normally acknowledged accounting ideas (“US GAAP”) in particular product respects, and so are not immediately equivalent to money statements well prepared in accordance with US GAAP.

Info contained or referenced in this push launch or in the documents referenced herein concerning the homes, technical facts and operations of the Business has been organized in accordance with specifications and specifications less than securities rules, which vary from the requirements of US securities guidelines. The conditions “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” used in this or in the documents included by reference herein are mining conditions as defined in accordance with NI 43-101 less than tips established out in the Definition Benchmarks for Mineral Means and Mineral Reserves adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on 11 December 2005. Although the phrases “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are acknowledged and demanded by securities laws other than the necessities of US securities guidelines, they are not identified by the SEC. Disclosure of contained ounces are or might be permitted disclosure beneath polices applicable to the Business even so, the SEC ordinarily only permits issuers to report resources as in area tonnage and grade with no reference to device of creation actions. As these kinds of, sure facts contained in this doc or in the paperwork incorporated by reference herein regarding descriptions of mineralization and mineral means underneath these specifications may possibly not be equivalent to equivalent details made community by US corporations subject matter to reporting and disclosure specifications of the SEC.

CAUTIONARY Observe About Ahead-Wanting Information and facts

This push launch is made up of “ahead-looking statements”, in the that means of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and relevant Canadian securities laws, concerning the enterprise, functions and economical general performance and condition of the Company. Forward-searching statements involve, but are not confined to, the long term price tag of gold, the estimation of mineral reserves and assets, realization of mineral reserve estimates, and the timing and volume of believed potential output. Forward-wanting statements can commonly be recognized by the use of forward-on the lookout terminology this sort of as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, or related terminology.

Forward-hunting statements are manufactured centered on specified assumptions and other vital variables that, if untrue, could result in the true final results, performances or achievements of the Business to be materially distinctive from potential success, performances or achievements expressed or implied by this kind of statements. These statements and facts are based mostly on numerous assumptions with regards to existing and foreseeable future enterprise methods and the natural environment in which the Enterprise will work in the future, such as the selling price of gold and anticipated charges. Sure important elements that could result in true benefits, performances or achievements to differ materially from those people in the ahead-seeking statements consist of, amongst many others, modifications in company ideas and procedures, sector disorders, share cost, best use of offered money, gold and other commodity price tag volatility, discrepancies among real and estimated generation, mineral reserves and methods and metallurgical recoveries, mining operational and progress risks relating to the parties which make the gold or other commodity the Company will buy, regulatory limitations, pursuits by governmental authorities (together with improvements in taxation), forex fluctuations, the worldwide financial weather, dilution, share price tag volatility and opposition.

Ahead-looking statements are topic to regarded and unknown risks, uncertainties and other essential components that may possibly lead to the true benefits, level of exercise, functionality or achievements of the Corporation to be materially different from those people expressed or implied by this sort of forward-looking statements, including but not minimal to: the affect of basic business and economic problems, the absence of command over mining operations from which the Business will invest in gold, other commodities or get royalties from, and dangers related to individuals mining functions, such as challenges associated to international operations, authorities and environmental regulation, real outcomes of recent exploration functions, conclusions of financial evaluations and modifications in task parameters as strategies go on to be refined, pitfalls in the marketability of minerals, fluctuations in the value of gold and other commodities, fluctuation in overseas trade charges and fascination costs, stock market place volatility, as perfectly as these elements reviewed in the segment entitled “Risks to Sandstorm” in the Company’s annual report for the money yr ended December 31, 2019 and the part entitled “Risk Factors” contained in the Company’s annual facts sort dated March 30, 2020 obtainable at www.sedar.com. Although the Corporation has attempted to recognize significant factors that could cause real benefits to differ materially from those people contained in forward-wanting statements, there may be other variables that cause final results not to be as predicted, believed or intended. There can be no assurance that such statements will show to be exact, as genuine final results and upcoming events could differ materially from all those expected in this sort of statements. Accordingly, visitors really should not put undue reliance on ahead-hunting statements. The Business does not undertake to update any forward-looking statements that are contained or included by reference, besides in accordance with applicable securities legislation.

Perspective resource version on businesswire.com: https://www.businesswire.com/news/house/20210111005272/en/

Supply: Sandstorm Gold Ltd.

For much more facts about Sandstorm Gold Royalties, please check out our web page at www.sandstormgold.com or e mail us at [email protected].

ERFAN KAZEMI

Chief Economical OFFICER

604 689 0234

KIM BERGEN

Funds Markets

604 628 1164 

COMTEX_377520068/2456/2021-01-11T08:30:53

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