Strong Q4 Revenue and Operating Cash Flow
Sandstorm Gold Royalties reported strong Q4 revenue of $47 million and operating cash flow of $36 million, driven by gold equivalent production of 17,721 ounces.
Strategic Guidance and Long-Term Outlook
The company provided conservative guidance for 2025 of 65,000 to 80,000 ounces to maintain credibility and anticipate potential market fluctuations. Long-term production is expected to increase to over 150,000 gold equivalent ounces per year over the next five years.
Debt Reduction and Balance Sheet Improvement
Sandstorm reduced its debt from $640 million to $340 million, with expectations to drop below $300 million by the end of Q3 2025. The company has a strong balance sheet and plans to prioritize share buybacks.
Record Margins and Cash Flows
Cash operating margins were approximately $2,100 per ounce, with cash flows from operating activities totaling $139 million in 2024.
Positive Progress on Growth Projects
Greenstone mine began production, contributing approximately 2,000 gold ounces in 2024. Production is expected to increase to 8,000 to 10,000 ounces per year. Other growth projects like MARA and Gualcamayo are on track for future contributions.