{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Sandstorm Gold Royalties (TSX:SSL) Poised for Streaming Growth to Double Gold Production in 5 years","html":"","width":"100%","height":180,"duration":622,"description":"Interview with Nolan Watson, President & CEO of Sandstorm Gold RoyaltiesOur previous interview: https://www.cruxinvestor.com/posts/sandstorm-gold-royalties-tsxssl-positioned-for-30-production-growth-debt-reduction-3933Recording date: 17th September 2024Sandstorm Gold Royalties, the sixth-largest gold streaming and royalty company globally, is positioning itself for significant growth in the coming years. Led by President and CEO Nolan Watson, the company has embarked on a strategic path that could potentially double its production and substantially increase its cash flow over the next five years.Two years ago, Sandstorm made a bold move by acquiring over $1 billion worth of assets, financed through debt. While this initially raised concerns among investors, especially in a rising interest rate environment, the strategy appears to be paying off. Watson explains, \"I'm a big believer that you need to buy things when nobody cares about growth and then when all of your shareholders are banging on the door for growth, that's when you should not be buying things because that's when they're very expensive.\"The company's growth projection is anchored by five (among over 230 other) projects:Greenstone (Equinox Gold)Platreef (Ivanhoe Mines)Robertson (Barrick Gold)Hod Maden (SSR Mining)MARA (Glencore)These projects alone are expected to drive Sandstorm's production from approximately 75,000 royalty ounces today to potentially over 150,000 royalty ounces within five years. Importantly, this growth projection does not include numerous other development projects in Sandstorm's portfolio, providing potential upside beyond the company's current guidance.Financially, Sandstorm is focused on improving its balance sheet. The company expects to reduce its debt from $640 million to $350 million by the end of this year, with plans to eliminate it entirely within three years. Once the five key projects are operational, Watson projects that Sandstorm could generate nearly $300 million in...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}