Sandstorm Gold (SSL.TO) edged higher in after-hours Nasdaq trade Tuesday as its fourth-quarter profit fell while revenue rose year-over-year.
The royalty and streaming company said it earned US$3.1 million in the quarter, down from US$24.5 million in the year-prior quarter. Per-share amounts were not disclosed.
Revenue rose to US$47.4 million from US$44.5 million a year earlier. Annual revenue stood at US$176.3 million compared to US$179.6 million a year ago. The company said about 73% of its revenue came from precious metals, 18% from copper, and 9% from other commodities.
The company said it expects to produce between 65,000 and 80,000 gold equivalent ounces in 2025, based on current streams and royalties. It added that due to progress in its development projects, it is raising its long-term production estimate to around 150,000 gold equivalent ounces by 2030, including the exercise of its exclusive gold stream option on the MARA project in Argentina.
Sandstorm shares were last seen up US$0.04 to US$6.52 after hours. They closed up $0.12 to $9.16 on the Toronto Stock Exchange.
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