Sandstorm Gold Ltd (TSE:SSL) has released an update.
Sandstorm Gold Ltd. reported a robust first quarter in 2024 with revenue of $42.8 million and 20,316 Attributable Gold Equivalent ounces, although these figures have slightly decreased from the previous year. The company has made significant progress in deleveraging, with $20 million repaid on its credit facility and over $50 million garnered from sales of non-core assets. Sandstorm also declared a dividend and announced its intention to renew its share buyback program, reflecting confidence backed by an increase in commodity prices and successful asset monetization.
For further insights into TSE:SSL stock, check out TipRanks’ Stock Analysis page.
