Sandstorm Gold Royalties Announces Q3 2023 Sales; Sold ~21,100 Attributable Gold Equivalent Ounces And Realized Preliminary Revenue Of $41.2M
Portfolio Pulse from Benzinga Newsdesk
Sandstorm Gold Ltd. (NYSE:SAND) (TSX:SSL) announced Q3 2023 sales, selling approximately 21,100 attributable gold equivalent ounces and realizing preliminary revenue of $41.2 million. This is an increase from the comparable period in 2022, where they sold 22,606 ounces and made $39.0 million in revenue. The preliminary cost of sales for the three-month period was $4.6 million, resulting in cash operating margins of approximately $1,700 per attributable gold equivalent ounce.
October 05, 2023 | 8:16 pm
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Sandstorm Gold Ltd. reported increased sales and revenue for Q3 2023 compared to the same period in 2022. This positive financial performance could potentially lead to a short-term increase in the company's stock price.
The company's increased sales and revenue indicate a positive financial performance, which is often a key factor investors consider when buying stocks. This could potentially lead to increased demand for the company's stock, driving up its price in the short term.
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