Sandstorm Gold Ltd (TSE:SSL) has released an update.
Sandstorm Gold Ltd. has entered into a definitive agreement to sell eight non-core, non-precious metal royalties for $21 million, plus future proceeds from the Copper Mountain Royalty, totaling over $50 million in asset sales since Q3 2023. This move aims to expedite debt repayment and allows for the repurchase of undervalued company shares through a renewed Normal Course Issuer Bid. The transactions are not expected to significantly affect Sandstorm’s production outlook, maintaining a guidance of 75,000–90,000 gold equivalent ounces for 2024.
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