Sandstorm Gold Royalties Reports Preliminary Total Sales, Royalties, And Income From Other Interests Of $42.8M In Q1 2024
Portfolio Pulse from Benzinga Newsdesk
Sandstorm Gold Royalties (SAND) reported preliminary Q1 2024 total sales, royalties, and income of $42.8M, down from $54.0M in Q1 2023. Attributable gold equivalent ounces sold were 20,300, with a cash operating margin of $1,781 per ounce, compared to 28,368 ounces and a $1,652 margin in the same period last year.
April 08, 2024 | 8:22 pm
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Sandstorm Gold Royalties reported a decrease in Q1 2024 total sales, royalties, and income to $42.8M from $54.0M in Q1 2023, despite an increase in cash operating margin per gold equivalent ounce.
The decrease in total sales, royalties, and income from $54.0M in Q1 2023 to $42.8M in Q1 2024 indicates a significant drop in revenue, which is likely to negatively impact investor sentiment and the stock price in the short term. However, the increase in cash operating margin per gold equivalent ounce from $1,652 to $1,781 suggests improved operational efficiency, which might mitigate some negative perceptions.
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