Sandstorm Gold Ltd. is pleased to announce that its Board of Directors has declared the Company’s first quarterly cash dividend for 2023 in the amount of C$0.02 per common share to shareholders of record as of the close of business on January 17, 2023. The dividend will be paid on January 27, 2023. 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.
For more information about Sandstorm Gold Royalties, please visit our website at www.sandstormgold.com or email us at email@example.com.
Sandstorm 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. Sandstorm holds a portfolio of 250 royalties, of which 39 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties. For more information visit: www.sandstormgold.com.