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O APRIL 29 , 2021 | VANCOUVER , BC PRESS RELEASE SANDSTORM GOLD ROYALTIES ANNOUNCES RECORD 2021 FIRST QUARTER RESULTS Sandstorm Gold Ltd. ( “ Sandstorm Gold Royalties ” , “ Sandstorm ” or the “ Company ” ) ( NYSE : SAND , TSX : SSL ) has released its results for the first quarter ended March 31 , 2021 ( all figures in U.S. dollars ) . FIRST QUARTER HIGHLIGHTS • • • • • • • Record attributable gold equivalent ounces sold¹ of 17,444 ounces ( Q1 2020 – 13,393 ounces ) ; Record revenue of $ 31.0 million ( Q1 2020 - $ 21.3 million ) ; Record cash flows from operating activities , excluding changes in non - cash working capital¹ of $ 23.0 million ( Q1 2020 – $ 14.4 million ) ; Average cash cost per attributable gold equivalent ounce¹ of $ 307 resulting in record cash operating margins¹ of $ 1,470 per ounce ( Q1 2020 – $ 314 per ounce and $ 1,279 per ounce respectively ) ; Net income of $ 5.0 million ( Q1 2020 - net loss of $ 10.3 million ) ; Capital : As at March 31 , 2021 , Sandstorm has a strong balance sheet with over $ 140 million in cash and over $ 52 million in equity and debt investments . When combined with an undrawn revolving credit facility of $ 225 million , strong operating cash flows , and the sale of non - core investments , Sandstorm expects to have significant capital available to propel the Company into the next phase of growth . Normal Course Issuer Bid : Under Sandstorm's normal course issuer bid , the Company purchased and cancelled approximately 0.8 million shares for total consideration of $ 5.0 million SANDSTORM GOLD ROYALTIES NYSE SAND TSX SSL