SSL International Share Discussion Threads

[stu31] 31/3/2024 20:49

23 mins

10 Uranium, 10 Silver, 10 Gold & 10 Copper Stocks - Rick Rule

[stu31] 31/3/2024 20:46

Sandstorm Gold Royalties Declares Quarterly Dividend
28/03/2024 12:34pm

VANCOUVER, BC, March 28, 2024 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce that its Board of Directors has declared the Company's second quarterly cash dividend for 2024 in the amount of C$0.02 per common share to shareholders of record as of the close of business on April 16, 2024. The dividend will be paid on April 26, 2024. The dividend qualifies as an "eligible dividend" as defined in the Income Tax Act (Canada).

[stu31] 31/3/2024 20:35

Sandstorm Gold Royalties Announces Record 2023 Annual Results
15/02/2024 10:13pm

VANCOUVER, BC, Feb. 15, 2024 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) has released its financial results for the fourth quarter and year ended December 31, 2023 (all figures in U.S. dollars).


Full Year Highlights
Record attributable gold equivalent ounces1 of 97,245 ounces (FY 2022 — 82,376 ounces);
Record revenue of $179.6 million (FY 2022 — $148.7 million);
Record total sales, royalties, and income from other interests1 of $191.4 million (FY 2022 — $148.7 million);
Record cash flows from operating activities, excluding changes in non-cash working capital1 of $151.1 million (FY 2022 — $109.8 million);
Net income of $42.7 million (FY 2022 — $78.5 million);
Average cash cost per attributable gold equivalent ounce1 of $223 resulting in cash operating margins1 of $1,706 per ounce (FY 2022 — $284 per ounce and $1,511 per ounce respectively);
Debt Reduction and Monetization Efforts: De-levering remains a top priority for Sandstorm. As of February 15, 2024, the Company had $421 million drawn and outstanding on the credit facility. To further expedite debt repayment, the Company is undergoing a process to monetize between $40–$100 million of non-core assets by the end of 2024. Accordingly, in the fourth quarter of 2023, Sandstorm closed its previously announced agreement to sell the El Pilar and Blackwater Royalties for total consideration of $25.0 million comprised of cash and common shares. The Company anticipates that consideration from future monetization efforts will consist entirely of cash. Sandstorm's financial position continues to strengthen, with current available capital totaling over $200 million.
Credit Facility Renewal: In September 2023, Sandstorm renewed its revolving credit facility, allowing the Company to borrow up to $625 million for a four year term.
Closing of Antamina Transaction: In June 2023, Sandstorm closed the final component of its previously announced arrangement with Horizon Copper Corp. ("Horizon Copper") to sell a portion of the Company's Antamina royalty in consideration for a silver stream, debt, equity, and cash.
Mercedes Stream Amendment: In January 2024, Sandstorm closed its previously announced transaction to amend its existing gold and silver stream agreements on the Mercedes mine with Bear Creek Mining Corporation ("Bear Creek") and to refinance certain other debt investments of Bear Creek that it holds. In exchange for the stream amendments, Sandstorm received a 1.0% NSR on Bear Creek's wholly-owned Corani project in Peru, one of the world's largest fully permitted silver deposits, and $10 million of additional consideration in the form of a combination of Bear Creek common shares and debt.

Fourth Quarter Highlights
Attributable gold equivalent ounces1 of 23,250 ounces (Q4 2022 — 21,753 ounces);
Revenue of $44.5 million (Q4 2022 — $38.4 million);
Total sales, royalties, and income from other interests1 of $46.3 million (Q4 2022 — $38.4 million);
Cash flows from operating activities, excluding changes in non-cash working capital1 of $36.5 million (Q4 2022 — $29.9 million);
Net income of $24.5 million (Q4 2022 — net loss of $2.1 million).
Outlook
Based on the Company's existing royalties, attributable gold equivalent ounces for 2024 are forecasted to be between 75,000 and 90,000 ounces. The Company's production forecast is expected to reach approximately 125,000 attributable gold equivalent ounces within the next five years.

[stu31] 31/3/2024 20:31

297.7m shares in issue (3/24) Market Cap C$2084m (£1226m) at 700c
Orion 16% Van Eck 10%
Cash US$5m+Equity Inv (1/24) Debt US$435m

website:

Sandstorm Gold Royalties holds royalty rights on mining operations around the world. Rather than operating mines, we provide an upfront payment in exchange for future revenue or gold production. The result is a diversified portfolio of mining royalties that provides stable cash flows and an impressive growth profile.
Today, our portfolio consists of approximately 250 royalties on mining projects around the world, with over 40 projects cash-flowing and many more in development.
Today, approximately 70% of revenue comes from precious metals, growing to over 80% by 2028.
Sandstorm’s estimated portfolio cash flow is expected to be approximately $130 million in 2024, rising to nearly $190 million in the next several years1. Sandstorm’s portfolio is also leveraged to commodity pricing, with a path to nearly $240 million by 2029 with higher commodity prices2.

Commodity Price Scenarios
1. Gold: $1,800/oz, Silver: $23/oz, Copper: $3.90/lb
2. Gold: $2,200/oz, Silver: $25/oz, Copper: $5.00/lb

ATTRIBUTABLE GOLD EQUIVALENT PRODUCTION
2023: 97,245k
2024: 75-90k Est
2025-7: 80-5k Est
2028: 100-110k Est
2029-30: 125-135k Est

Date Declared... Record Date... Date Payable... Amount per Share
March 31, 2023.. April 18, 2023.. April 28, 2023.. CAD $0.02
June 29, 2023.. July 18, 2023.. July 28, 2023.. CAD $0.02
September 28, 2023.. October 17, 2023.. October 27, 2023.. CAD $0.02
December 18, 2023.. January 16, 2024.. January 26, 2024.. CAD $0.02
March 28, 2024..April 16, 2024..April 26, 2024..CAD $0.02

23 mins
10 Uranium, 10 Silver, 10 Gold & 10 Copper Stocks - Rick Rule

[doobydave] 05/8/2020 23:04

People may know that SSL is regularly commented on by Gold Mining Bull on Seeking Alpha. Not sure about his track record, but he is much-followed. Here's his latest comment:



This may partly explain the failure of SSL to rise with the soaring gold price, the other obvious factor being the Q2 results themselves:



Any thoughts on these?

FWIW I seized my chance and re-bought when the price hit CAD 12.50, so have upped my holding for free. Should I have diversified? Time will tell.

[doobydave] 23/7/2020 13:25

Just a wee cautionary note. Avi Gilburt (the Elliot Wave guru) thinks the current gold wave is due a significant correction, and the chap's not often wrong. He had predicted a 170-175 target for the recent uptrend - we're now at 175 and a bit.

Also, I can't help noticing Sandstorm has shown signs of stalling in the last couple of days little despite very significant $ gold price and GLD appreciation.

In the interests of transparency, I lightened my Sandstorm holding by 40% on Tuesday. I fully intend to buy back - lower obviously - to increase my holding.

Just my take.

[niggle] 23/7/2020 11:06

Shavian I have to agree with you. The big gains/losses are in virtually bankrupt speculators and Highland et al make little. This is a great place to be and I have Wheaton & physical on both silver & gold.

[shavian] 08/7/2020 07:31

Now feeling very comfortable with my 2018 decision to sell out of individual mining stocks to concentrate all gold investment into SSL and physical metal.

[shavian] 21/5/2020 09:24

Just my opinions, but WTFDIK?

1. Yes, sooner or later
2. There used to be lots of such maps on the old Mariana website when they were publicly quoted. Dunno where to find them now. Email Nolan?
3. Depends on relations between SSL and Lydia. Bringing to production would be the higher risk strategy, physically and politically. If Nolan got a decent offer for HM I think he would be wisest to take it, but he won’t be in a hurry to sell.

[doobydave] 16/5/2020 15:50

Thanks Shavian. Shame it's just infill drilling ;) but crumbs those grades and widths are eye-watering. And hardly any overburden!

Three questions:

1) Rhetorical, but I wonder if this will lead to a resource upgrade in the shorter term.

2) Anyone know of a map of HM drill holes? I'd be interested to join the latest dots and try to infer their significance.

3) Anyone have a view on Sandstorm's medium-term intentions - do people think HM will be sold inside the next 2 years for cash plus royalty, or brought to production?

[goldrush] 16/5/2020 11:31

Shavian

Thanks for this.These were quite spectacular results from Hot Maden.

I too have all my SSL and went onto the Webinar of the results last week.

Happy to hold a good Royalties/Streaming Co.

[shavian] 15/5/2020 22:48

DoobyDave, here’s your answer on HM:

Sandstorm Gold Royalties Provides Asset Update, Reports 85.3 Metres of 84.3 g/t Gold and 6.8% Copper at Hod Maden Main Zone

Source: Business Wire
Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “SandstormR21; or the “Company”;) (NYSE: SAND, TSX: SSL) is pleased to provide an asset update and announce the Company has filed the prospectus supplement for the previously announced at-the-market equity program.

Hod Maden Drill Results

Recent infill drill results have been reported by Lidya Madencilik San. ve Tic. A.S. (“Lidya”), Sandstorm’s 70% partner at Hod Maden. A total of 2,864 metres in 24 drill holes have been completed in 2020 and once travel and work restrictions are lifted in Turkey, Lidya plans on continued infill, geotechnical, hydrological and exploration drilling on the project.

Highlighted drill results include:

HTG-002: 85.3 metres at 84.3 grams per tonne (“g/t”) gold and 6.8% copper from 19.0 metres, (using a 2.4 g/t cut-off grade, uncut) including:
32.0 metres at 209.4 g/t gold and 7.4% copper from 19.0 metres (using a 100 g/t cut-off grade, uncut); or
32.0 metres at 164.5 g/t gold and 7.4% copper (using a top-cut grade of 240 g/t); and
HTG-003: 169.3 metres of 39.0 g/t gold and 1.7% copper from 20.8 metres (cut-off grade 2.4 g/t, uncut), including:
13.0 metres at 147.0 g/t gold and 2.0% copper from 63.0 metres.
Drill holes HTG-002 and HTG-003 are infill drill holes within the main deposit at Hod Maden. The holes were drilled oblique to the strike, testing the continuity of the high-grade mineralization. Assay results show excellent, uniform grade distributions within the deposit, which has an estimated true thickness of about 65 meters.

For QA/QC information see the appendix of this news release. Sandstorm has a 30% interest and a 2% NSR royalty on the Hod Maden project.

[fulmar29] 06/3/2020 10:13

hxxps://www.bnnbloomberg.ca/video/pdac-sandstorm-gold-expecting-hod-maden-construction-next-year~1914514-the nett effect is $50m in to SSL and shorters will have their complementary safety net removed. Very ,very good move.

[doobydave] 19/2/2020 22:41

Thanks for that Shavian, I'd not seen that. The article was well worth reading and it's hard to find fault with his take.

A lot rides on Hot Maden - risks galore. The country risk alone is considerable, even with local partner mitigation.

Tbh I was dismayed when I first saw the Mariana deal. Perhaps a company maker but a heck of a punt IMO, but like you I intend to hold for now.

[shavian] 19/2/2020 22:20

This article includes opinion on HM which did not come out in the presentation. Worth a read. It points out that the projections for SSL are pretty vulnerable to anything going wrong with HM. It’s still quite a big bet for them. But I’m sticking with it for the long run despite my great age!

[doobydave] 16/2/2020 19:51

Speaking of which, we could do with a project update from Hot Maden. Not mentioned at all in the results press release and might as well not exist as far as the Q4 webcast was concerned. I'm amazed no-one broached it in the Q&A section.

Did I overlook something?

[greenrichard] 16/2/2020 18:03

Still have my holding converted from Mariana.

[shavian] 16/2/2020 16:17

Another encouraging quarter, with debt paid down, cash flow building up to a position of substantial firepower. Nolan And team looking Forward to very substantial ounces in 2022/23; broadly double the present 60k Oz. What a marvellous long term prospect almost regardless of the gold price, because the mean acquisition price of gold equivalent ounces is down to around USD250/Oz.

[gersemi] 31/10/2019 21:40

Hot Maden and Mariana doing them proud

[jamesiebabie] 31/10/2019 20:19

All looking good.

[shavian] 31/10/2019 19:18

Ba-boom. All those predicted streams coming on line one by one as predicted .
SP busts through CAD9, with POG back over USD1500. Double whammy

[doobydave] 03/10/2019 08:30

As compared to Q3 2018:

THIRD QUARTER HIGHLIGHTS

Revenue of $17.3 million (Q3 2017 - $17.9 million);
Attributable gold equivalent ounces1 sold of 14,314 ounces (Q3 2017 – 14,293 ounces);
Average cash cost per attributable gold equivalent ounce1 of $248 resulting in cash operating margins1 of $960 per ounce (Q3 2017 - $246 per ounce and $1,009 per ounce respectively);
Cash flows from operating activities, excluding changes in non-cash working capital1, of $11.4 million (Q3 2017 – $11.1 million);
Net income of $2.1 million (Q3 2017 – net income of $4.8 million).

20% increase in gold ounces YoY - good progress with more to come.

[shavian] 03/10/2019 08:07

Posted after the market closed last night:

Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “SandstormR21; or the “Company”;) (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 17,300 attributable gold equivalent ounces1 and realized preliminary revenue2 of $25.8 million during the three months ended September 30, 2019, both representing a record for the Company. Preliminary cost of sales, excluding depletion2 for the three month period was $5.0 million resulting in cash operating margins1 of approximately $1,200 per attributable gold equivalent ounce1.

Could be a good day for SSL