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Sandstorm Gold Reports Y/Y Increase in Q2 Preliminary Revenues
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Key Takeaways
SAND reported a 24.2% year-over-year increase in preliminary Q2 revenues to a record $51 million.
Cash operating margin rose 45.9% to a record $17,400 per attributable gold equivalent ounce.
Attributed gold sales dropped 13.2% year over year to 15,100 ounces, down from 17,400 ounces.
Sandstorm Gold Ltd. (SAND - Free Report) announced preliminary revenues and cash operating margin for the second quarter of 2025. Revenues in the quarter rose 24.2% year over year. The company’s cash operating margin moved up 45.9%.
SAND sold nearly 15,100 attributable gold equivalent ounces (GEOs) in the quarter. This marks a 13.2% decline from the 17,400 ounces of GEOs sold in second-quarter 2024. However, it delivered record preliminary revenues of $51 million, up from the prior-year quarter’s $41 million driven by higher prices.
The company reported a preliminary cost of sales (excluding depletion) of $5.3 million, higher than $4.7 million in the second quarter of 2024. The cash operating margin was a record $17,400 per attributable GEO in the quarter under review, higher than the prior-year quarter's $2,043.
SAND’s Other Updates
As of June 30, 2025, the outstanding balance on the company’s revolving credit facility was approximately $315 million, with an undrawn and available balance of $310 million.
On July 7, 2025, Sandstorm Gold and Royal Gold, Inc (RGLD - Free Report) announced that they have inked a deal where RGLD will acquire SAND at an implied value of approximately $3.5 billion. The agreement entered into was a twin one with Horizon Copper Corp., which is also set to be acquired by Royal Gold through an all-cash transaction valued at approximately $196 million.
The transaction is aligned with Sandstorm’s focus on delivering consistent growth and value to its shareholders. For each of Sandstorm’s shares, its shareholders will receive 0.0625 of a share of Royal Gold’s common stock.
The transaction is expected to complete in the fourth quarter of 2025.
Sandstorm Gold Stock’s Price Performance
SAND shares have surged 74.3% in the past year compared with the industry’s growth of 39%.
Image Source: Zacks Investment Research
SAND’s Zacks Rank & Stocks to Consider
Sandstorm Gold currently carries a Zacks Rank #3 (Hold).
Carpenter Technology has an average trailing four-quarter earnings surprise of 11.1%. The Zacks Consensus Estimate for CRS’ 2025 earnings is pegged at $7.27 per share, which indicates year-over-year growth of 53.4%. Carpenter Technology shares skyrocketed 111% last year.
ATI has an average trailing four-quarter earnings surprise of 12.54%. The Zacks Consensus Estimate for ATI’s 2025 earnings is pegged at $3.01 per share, indicating year-over-year growth of 22.4%. ATI shares jumped 54% last year.
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Sandstorm Gold Reports Y/Y Increase in Q2 Preliminary Revenues
Key Takeaways
Sandstorm Gold Ltd. (SAND - Free Report) announced preliminary revenues and cash operating margin for the second quarter of 2025. Revenues in the quarter rose 24.2% year over year. The company’s cash operating margin moved up 45.9%.
Sandstorm Gold’s Q2 Revenues Rise Y/Y, Margins Improve
SAND sold nearly 15,100 attributable gold equivalent ounces (GEOs) in the quarter. This marks a 13.2% decline from the 17,400 ounces of GEOs sold in second-quarter 2024. However, it delivered record preliminary revenues of $51 million, up from the prior-year quarter’s $41 million driven by higher prices.
The company reported a preliminary cost of sales (excluding depletion) of $5.3 million, higher than $4.7 million in the second quarter of 2024. The cash operating margin was a record $17,400 per attributable GEO in the quarter under review, higher than the prior-year quarter's $2,043.
SAND’s Other Updates
As of June 30, 2025, the outstanding balance on the company’s revolving credit facility was approximately $315 million, with an undrawn and available balance of $310 million.
On July 7, 2025, Sandstorm Gold and Royal Gold, Inc (RGLD - Free Report) announced that they have inked a deal where RGLD will acquire SAND at an implied value of approximately $3.5 billion. The agreement entered into was a twin one with Horizon Copper Corp., which is also set to be acquired by Royal Gold through an all-cash transaction valued at approximately $196 million.
The transaction is aligned with Sandstorm’s focus on delivering consistent growth and value to its shareholders. For each of Sandstorm’s shares, its shareholders will receive 0.0625 of a share of Royal Gold’s common stock.
The transaction is expected to complete in the fourth quarter of 2025.
Sandstorm Gold Stock’s Price Performance
SAND shares have surged 74.3% in the past year compared with the industry’s growth of 39%.
Image Source: Zacks Investment Research
SAND’s Zacks Rank & Stocks to Consider
Sandstorm Gold currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the basic materials space are Carpenter Technology Corporation (CRS - Free Report) , and ATI Inc. (ATI - Free Report) . Both the companies currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Carpenter Technology has an average trailing four-quarter earnings surprise of 11.1%. The Zacks Consensus Estimate for CRS’ 2025 earnings is pegged at $7.27 per share, which indicates year-over-year growth of 53.4%. Carpenter Technology shares skyrocketed 111% last year.
ATI has an average trailing four-quarter earnings surprise of 12.54%. The Zacks Consensus Estimate for ATI’s 2025 earnings is pegged at $3.01 per share, indicating year-over-year growth of 22.4%. ATI shares jumped 54% last year.