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Sandstorm Gold Ltd. is pleased to announce that its Board of Directors has declared the Company’s first cash dividend in the amount of C$0.02 per common share for the first quarter of 2022, to shareholders of record as of the close of business on January 18, 2022. The dividend will be paid on January 28, 2022. The dividend qualifies as an “eligible dividend” as defined in the Income Tax Act (Canada).
The declaration, timing, amount, and payment of future dividends will be subject to the discretion and approval of the Board of Directors. The Company will review the dividend program on an ongoing basis and may amend it at any time depending on the Company’s then current financial position, capital allocation framework, profitability, cash flow, debt covenant compliance, legal requirements and other factors considered relevant. As such, no assurances can be made that any future dividends will be declared and/or paid. Dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.
SANDSTORM FILES TECHNICAL REPORT
Sandstorm has filed a Technical Report prepared in accordance with National Instrument 43-101 for the Feasibility Study entitled “Hod Maden Project Feasibility Study – Technical Report NI 43-101” with an effective date of February 28, 2021 (the “Technical Report”). The results of the Technical Report were previously announced on November 24th, 2021. The Technical Report is available for download on SEDAR at www.sedar.com, on EDGAR at www.sec.gov or on Sandstorm’s website at www.sandstormgold.com.
CONTACT INFORMATION
For more information about Sandstorm Gold Royalties, please visit our website at www.sandstormgold.com or email us at info@sandstormgold.com.
ABOUT SANDSTORM GOLD ROYALTIES
Sandstorm Gold Royalties is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. The Company has acquired a portfolio of 229 royalties, of which 28 of the underlying mines are producing. Sandstorm Gold Royalties plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties. For more information visit: www.sandstormgold.com.
