Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm”, or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to report the sales and revenue figures for the first quarter ended March 31, 2024 (all figures in U.S. dollars).

First Quarter Preliminary Sales and Revenue
During the three months ended March 31, 2024, the Company sold approximately 20,300 attributable gold equivalent ounces1 and realized preliminary revenue2 of $42.8 million (28,368 attributable gold equivalent ounces and $44.0 million in revenue for the comparable period in 2023). The Company had preliminary total sales, royalties, and income from other interests1 of $42.8 million for the three months ended March 31, 2024 ($54.0 million total sales, royalties, and income from other interests for the comparable period in 2023).

Preliminary cost of sales, excluding depletion2 for the three months ended March 31, 2024, was $5.7 million resulting in cash operating margins1 of approximately $1,781 per attributable gold equivalent ounce1 ($6.5 million and $1,652 per attributable gold equivalent ounce for the comparable period in 2023, respectively).

Release Date and Conference Call Details
The Company will release its 2024 first quarter results on Thursday, May 2, 2024, after markets close. A conference call will be held on Friday, May 3, 2024, starting at 8:30am PDT to further discuss the first quarter results. To participate in the conference call, use the following dial-in numbers and conference ID, or join the webcast using the link below:

International: (+1) 416-764-8688
North American Toll-Free: (+1) 888-390-0546
Conference ID: 45071219