Sandstorm Gold reiterates long-term production forecast

Sandstorm remains a growth-oriented company and is reiterating its long-term production forecast that is expected to reach approximately 125,000 attributable gold equivalent ounces within the next five years, based solely on streams and royalties that the company has bought and paid for. The company will state its 2025 production forecast with the release of its 2024 annual results. Throughout 2024, the company continued to focus on deleveraging its balance sheet following several royalty and streaming acquisitions in 2022. As at December 31, 2024, the outstanding balance on the company’s revolving credit facility was approximately $355M with an undrawn and available balance of $270M. Additionally, the company purchased and cancelled approximately 2M shares for total consideration of approximately $10.8M during the 12 months ended December 31, 2024.