Sandstorm Gold posts record gold-equivalent ounce sales in Q2

Sandstorm Gold Ltd. (NYSE MKT: SAND, TSX: SSL) reported late Tuesday afternoon that the company sold approximately 16,400 gold-equivalent ounces during the Q2 2019, a record for the Vancouver-based gold royalty company and a 16.6% improvement over the 14,071 ounces sold in Q1.

Based on its existing royalties, the company forecasts gold-equivalent ounces sold to be between 63,000 and 70,000 ounces this year, with gold-equivalent production rising to over 140,000 ounces in 2023.

Sandstorm Gold currently holds a portfolio of 188 royalties around the world, including 21 on producing mines. Earlier this year, the company secured a $42.5 million financing package with Americas Silver Corp. that includes a $25 million gold stream and royalty on the Relief Canyon project in Nevada.