DESIGNATED NEWS RELEASE VANCOUVER, BC, April 8, 2024 /CNW/ - 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) 416-764-8688North American Toll-Free: (+1) 888-390-0546Conference ID: 45071219Webcast URL:  https://app.webinar.net/8rgZJmKlkYo Note 1 Sandstorm Gold Royalties has included certain performance measures in this press release that do not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS") including (i) attributable gold equivalent ounces and (ii) cash operating margin. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these non-IFRS measures differently. Note these figures have not been audited and are subject to change. As the Company's operations are primarily focused on precious metals, the Company presents attributable gold equivalent ounces as it believes that certain investors use this information to evaluate the Company's performance in comparison to other mining companies in the precious metals mining industry who present results on a similar basis. Attributable gold equivalent ounces is a non-IFRS financial ratio that uses total sales, royalties, and income from other interests as a component. Total sales, royalties and income from other interests is a non-IFRS financial measure and is calculated by taking total revenue which includes sales and royalty revenue, and adding contractual income relating to royalties, streams and other interests excluding gains and losses on dispositions, which, during the first quarter 2023, was primarily comprised of a one-time payment received as per the Company's royalty agreement on the Mt. Hamilton project. Attributable gold equivalent ounces is calculated by dividing the Company's total sales, royalties, and income from other interests, less revenue attributable to non-controlling shareholders for the period, by the average realized gold price per ounce from the Company's Gold streams for the same respective period ([$42.8 million - $0.9 million]/$2,062 for the three months ended March 31, 2024, and [$54.0 million – $0.6 million]/$1,882 for the comparable period in 2023) and ...