Sandstorm Gold Ltd.

NYSE•SAND

CEO: Mr. Nolan Allan Watson BComm, CA, CFA, F.C.A., FCPA

Sector: Basic Materials

Industry: Gold

Listing Date: 2010-02-22

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine. The company has a portfolio of 243 streams and royalties. It primarily has operations in Canada, Mexico, the United States, Mongolia, Burkina Faso, Ecuador, South Africa, Ghana, Botswana, Cote D'Ivoire, Argentina, Brazil, Chile, Peru, Egypt, Ethiopia, Guyana, Paraguay, French Guiana, Turkey, Sweden, Fiji, and Australia. The company was formerly known as Sandstorm Resources Ltd. and changed its name to Sandstorm Gold Ltd. in February 2011. Sandstorm Gold Ltd. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Contact Information

733 Seymour Street, Suite 3200, Vancouver, BC, V6B 0S6, Canada

604-689-0234

www.sandstormgold.com

Market Cap

$3.55B

P/E (TTM)

119.2

19.9

Dividend Yield

0.2%

52W High

$13.09

52W Low

$5.33

52W Range

87%

Rank38Top 36.9%

4.3

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 4.3 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q2 2025 Data

Revenue

$51.42M+24.31%

4-Quarter Trend

EPS

$0.05+59.05%

4-Quarter Trend

FCF

$38.13M+69.49%

4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Timely Annual Report Filing Form 40-F filed for FY2024, including AIF and Audited Financial Statements incorporated by reference as exhibits.

Outstanding Share Count Verified Total outstanding common shares reported as 296.40M as of December 31, 2024, listed on New York Stock Exchange.

Internal Controls Effective Management concluded disclosure and internal controls over financial reporting were effective as of December 31, 2024.

Risk Factors

Mineral Estimate Disclosure Risk Estimates use NI 43-101 standards, potentially incomparable to US SEC rules; resources lack demonstrated economic viability.

Commodity Price Volatility Results subject to fluctuations in metal prices, foreign exchange rates, and interest rates impacting stream economics.

Operational Execution Uncertainty Risks include delays in mine construction, exploration results, and achieving stated production outcomes for operations.

Outlook

Clawback Policy Adopted Adopted Amended and Restated Clawback Policy November 6, 2023; no recovery analysis required for prior restatement.

Project Financing Pursuit Intention to pursue sufficient project financing, expecting benefits from SSR Mining Hod Maden acquisition integration.

Governance Monitoring Continues Ongoing review of governance practices against Canadian standards and NYSE requirements for compliance assurance.

Peer Comparison

Revenue (TTM)

SSL

$27.95B

-12.5%

CBT

$3.58B

-8.5%

FMC

$3.43B

-16.6%

Gross Margin (Latest Quarter)

SAND

64.4%

+10.7pp

SSRM

61.3%

+13.0pp

ORLA

56.6%

-17.4pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
SSL	$8.49B	58.0	1.6%	36.9%
SSRM	$7.21B	31.0	6.7%	1.2%
PRM	$5.25B	-26.0	-16.4%	43.2%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

4.8%

Moderate Growth

4Q Net Income CAGR

42.0%

Profitability Improved

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data