Sandstorm Gold: 2Q Earnings Snapshot
VANCOUVER, British Columbia (AP) _ Sandstorm Gold Ltd. (SAND) on Monday reported second-quarter net income of $2.4 million.
On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 1 cent.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The provider of financing for gold mining companies posted revenue of $21.5 million in the period.
Sandstorm Gold shares have climbed 41% since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.52, a climb of 53% in the last 12 months.