Sandstorm Gold (TSE:SSL) has released an update.
Sandstorm Gold Royalties reported strong third-quarter results with a revenue increase to $44.7 million, driven by higher gold prices despite a decrease in gold equivalent ounces sold. The company’s cash operating margins reached a record $2,215 per ounce, and net income rose significantly to $5.8 million. Sandstorm continues to focus on deleveraging its balance sheet and returning capital to shareholders while benefiting from new gold deliveries at its Greenstone mine.
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