)
Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Sandstorm Gold (SSL) investor relations material
Sandstorm Gold has been acquired
Sandstorm Gold Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary8 Aug, 2025
Executive summary
Announced sale to Royal Gold in an all-share transaction valued at approximately $3.5 billion, with strong shareholder support and expected completion in Q4 2025.
Achieved record Q2 revenue of $51.4 million and record cash operating margins, driven by strong commodity prices and portfolio performance.
Net income rose to $16.9 million, a 61% increase year-over-year, with operating cash flow at $37.7 million.
Royal Gold's portfolio post-transaction will include over 80 cash-flowing royalties and streams, nearly 400 in total.
Financial highlights
Q2 revenue reached $51.4 million, up 24% year-over-year, with attributable gold equivalent ounces sold at 15,098.
Net income for Q2 was $16.9 million, up from $10.5 million in Q2 2024.
Operating cash flow was $37.7 million, supporting $25 million in net debt repayments.
Record cash operating margin per gold equivalent ounce: $2,981, up from $2,043 in Q2 2024.
Q2 net income margin: approximately 33%.
Outlook and guidance
Full-year attributable production forecast remains 65,000–80,000 gold equivalent ounces, with long-term production expected to reach 150,000 ounces by 2030.
Production expected to be weighted to the second half of the year due to operator guidance.
Guidance is sensitive to commodity price changes; ±10% in copper and silver prices could impact annual production by ±1,500 ounces.
Equinox Gold's Greenstone mine ramp-up and Allied Gold's operational improvements expected to boost H2 results.
What % of combined company will SSL own?
When is MARA formal investment decision expected?
What is the outstanding balance on credit facility?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Sandstorm Gold Ltd. operates as a gold royalty company. It is engaged in the acquisition of royalties on producing mines and development projects and seeks to achieve gold equivalent production and cash flow growth through royalty acquisitions within the Americas, now and over time. The company focuses primarily on precious metals, including gold and silver, produced from a portfolio of royalties from producing mines located in North America, South America, and Europe. Sandstorm Gold Ltd. is based in Toronto, Canada.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage