Sandstorm Gold Ltd (TSE:SSL) has released an update.
Sandstorm Gold Ltd. reports a revenue of $42.8 million in Q1 2024, a slight decrease from $44 million in the previous year, due to a 12% drop in gold equivalent ounces sold. Despite this, the company achieved a record cash operating margin of $1,782 per ounce and is focusing on de-leveraging its balance sheet, highlighted by a $20 million repayment on its credit facility and the sale of non-core assets for $21 million. Looking ahead, Sandstorm anticipates annual production to reach 125,000 gold equivalent ounces within five years.
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