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Stock impact report

Sandstorm Gold Royalties Announces 2020 First Quarter Sales and Renews Normal Course Issuer Bid

Sandstorm Gold Ltd. Ordinary Shares (Canada) (SAND) 
NASDAQ:AMEX Investor Relations: sandstormgold.com/investors
Company Research Source: Business Wire
VANCOUVER, British Columbia--(BUSINESS WIRE)--Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to announce the Company has sold approximately 13,400 attributable gold equivalent ounces1 and realized preliminary revenue2 of $21.3 million during the three months ended March 31, 2020. Preliminary cost of sales, excluding depletion2 for the three month period was $4.2 million resulting in cash operating margins1 of approximately $1,280 per attributable gold equivalent ounce1.Normal Course Issuer Bid RenewalThe Company’s normal course issuer bid (“NCIB”) is being renewed after the existing NCIB expires on April 4, 2020. The current NCIB provides Sandstorm with the option to purchase up to 13.0 million of the Company’s common shares (“Common Shares”) from time to time when Sandstorm’s management believes that the Common Shares are undervalued by the market. Under the renewed NCIB, Sandstorm may purchase up to 17,170,237 of Show less Read more
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