February 23, 2024

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Sandstorm Gold Royalties Announces Record Earnings in 2020

7 min read

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Sandstorm Gold Ltd. (“Sandstorm Gold Royalties” or the “Company”) (NYSE: SAND, TSX: SSL) is delighted to report that the Corporation has offered around 52,200 attributable gold equivalent ounces1 and realized preliminary report earnings2 of $93. million for the whole 2020 year.&#13

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In the course of the 3 months finished December 31, 2020, the Company bought roughly 15,800 attributable gold equivalent ounces1 and recognized preliminary document profits2 of $29.7 million. Preliminary expense of revenue, excluding depletion2 for the a few thirty day period period of time was $3.9 million ensuing in funds functioning margins1 of around $1,630 for each attributable gold equivalent ounce1. These results must be examine in conjunction with the Company’s audited consolidated money statements for the calendar year finished December 31, 2020 as and when released.&#13

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Notice 1&#13

The Enterprise has included selected effectiveness measures in this push release that do not have any standardized this means prescribed by Intercontinental Monetary Reporting Expectations (IFRS) like (i) attributable gold equivalent ounces and (ii) cash functioning margin. The presentation of these non-IFRS steps is meant to provide added information and facts and must not be deemed in isolation or as a substitute for measures of efficiency geared up in accordance with IFRS. Other organizations may well work out these non-IFRS measures in another way. Be aware these figures have not been audited and are subject to improve. (i) As the Company’s functions are generally targeted on treasured metals, the Organization provides attributable gold equal ounces as it thinks that particular buyers use this facts to examine the Company’s effectiveness in comparison to other mining providers in the valuable metals mining business who existing final results on a related basis. The Company’s royalty and other commodity stream earnings is converted to an attributable gold equal ounce foundation by dividing the royalty and other commodity stream profits for that time period by the regular recognized gold cost per ounce from the Company’s gold streams for the same respective interval. These attributable gold equal ounces when merged with the gold ounces bought from the Company’s gold streams equal full attributable gold equivalent ounces marketed and might be subject matter to adjust. (ii) The Corporation offers cash working margin as it believes that specific traders use this information and facts to assess the Company’s efficiency in comparison to other businesses in the precious metals mining sector who current results on a related basis. Hard cash functioning margin is calculated by subtracting value of sales, excluding depletion from earnings and dividing this determine by attributable gold equal ounces sold ([$29.7 Million – $3.9 Million]/15,800 attributable gold equivalent ounces).&#13

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Observe 2&#13

These figures have not been audited and are subject matter to modify. As the Firm has not yet finished its yr-conclusion annual close techniques, and the audit of its 2020 financial statements is not full, the predicted financial information presented in this push launch is preliminary, issue to final year-finish closing adjustments, and may well change materially. The information presented previously mentioned has not been audited by the Company’s independent accountants, should not be deemed a substitute for audited economic statements, and must not be regarded as a illustration by the Company as to the true financial final results.&#13

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ABOUT Sandstorm Gold ROYALTIES&#13
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Sandstorm is a gold royalty corporation that presents upfront financing to gold mining providers that are wanting for cash and in return, gets the right to a share of the gold manufactured from a mine, for the lifestyle of the mine. Sandstorm Gold Royalties has acquired a portfolio of 201 royalties, of which 24 of the fundamental mines are developing. Sandstorm Gold Royalties plans to expand and diversify its reduced expense generation profile via the acquisition of additional gold royalties. For additional details go to: www.sandstormgold.com.&#13

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CAUTIONARY STATEMENTS TO U.S. SECURITYHOLDERS&#13

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The financial information included or integrated by reference in this press release or the documents referenced herein has been organized in accordance with Global Economical Reporting Benchmarks as issued by the International Accounting Specifications Board, which differs from US usually accepted accounting rules (“US GAAP”) in specified materials respects, and so are not specifically similar to economic statements prepared in accordance with US GAAP.&#13

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Facts contained or referenced in this push release or in the files referenced herein concerning the qualities, complex facts and functions of the Firm has been ready in accordance with demands and standards beneath securities regulations, which differ from the needs of US securities guidelines. The terms “mineral resource”, “calculated mineral resource”, “indicated mineral resource” and “inferred mineral resource” employed in this or in the documents included by reference herein are mining terms as outlined in accordance with NI 43-101 underneath guidelines set out in the Definition Criteria for Mineral Assets and Mineral Reserves adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on 11 December 2005. Though the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are recognized and necessary by securities legislation other than the needs of US securities regulations, they are not acknowledged by the SEC. Disclosure of contained ounces are or could be permitted disclosure less than regulations applicable to the Enterprise however, the SEC normally only permits issuers to report sources as in place tonnage and quality devoid of reference to device of manufacturing measures. As such, sure info contained in this doc or in the paperwork integrated by reference herein regarding descriptions of mineralization and mineral sources underneath these criteria may possibly not be comparable to equivalent facts created public by US providers subject matter to reporting and disclosure demands of the SEC.&#13

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CAUTIONARY Note About Forward-Seeking Information and facts&#13
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This press launch has “forward-seeking statements”, within just the indicating of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Personal Securities Litigation Reform Act of 1995 and relevant Canadian securities legislation, regarding the company, functions and economical performance and affliction of the Organization. Forward-hunting statements contain, but are not limited to, the long term rate of gold, the estimation of mineral reserves and resources, realization of mineral reserve estimates, and the timing and amount of money of believed long run creation. Ahead-hunting statements can typically be recognized by the use of forward-searching terminology this sort of as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, or equivalent terminology.&#13

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Forward-wanting statements are created based upon selected assumptions and other significant elements that, if untrue, could induce the genuine benefits, performances or achievements of the Company to be materially distinct from upcoming effects, performances or achievements expressed or implied by this kind of statements. These kinds of statements and details are centered on several assumptions regarding current and foreseeable future small business procedures and the natural environment in which the Enterprise will function in the upcoming, together with the price of gold and expected fees. Sure critical elements that could induce genuine effects, performances or achievements to vary materially from individuals in the forward-wanting statements include, among other folks, alterations in small business ideas and procedures, market place disorders, share price tag, most effective use of accessible income, gold and other commodity rate volatility, discrepancies between precise and estimated production, mineral reserves and sources and metallurgical recoveries, mining operational and development dangers relating to the get-togethers which develop the gold or other commodity the Company will acquire, regulatory restrictions, routines by governmental authorities (including adjustments in taxation), currency fluctuations, the world wide economic weather, dilution, share cost volatility and level of competition.&#13

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Ahead-hunting statements are issue to known and unknown pitfalls, uncertainties and other critical elements that may well trigger the true outcomes, stage of activity, overall performance or achievements of the Corporation to be materially unique from those people expressed or implied by these ahead-looking statements, which includes but not confined to: the effects of general business enterprise and financial situations, the absence of manage above mining functions from which the Business will buy gold, other commodities or get royalties from, and threats associated to these mining operations, together with dangers linked to worldwide functions, authorities and environmental regulation, real benefits of existing exploration things to do, conclusions of financial evaluations and modifications in challenge parameters as plans carry on to be refined, risks in the marketability of minerals, fluctuations in the value of gold and other commodities, fluctuation in international exchange prices and fascination costs, inventory industry volatility, as nicely as all those aspects reviewed in the section entitled “Challenges to Sandstorm” in the Company’s annual report for the fiscal calendar year ended December 31, 2019 and the segment entitled “Danger Factors” contained in the Company’s yearly details form dated March 30, 2020 offered at www.sedar.com. Even though the Firm has tried to identify critical elements that could bring about actual benefits to vary materially from people contained in forward-wanting statements, there may well be other variables that result in benefits not to be as anticipated, approximated or meant. There can be no assurance that these types of statements will verify to be precise, as genuine final results and foreseeable future activities could differ materially from those anticipated in these kinds of statements. Accordingly, readers must not position undue reliance on forward-looking statements. The Company does not undertake to update any ahead-wanting statements that are contained or integrated by reference, besides in accordance with relevant securities regulations.&#13

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