Kelvin Lee's questions to Sandstorm Gold Ltd (SAND) leadership • Q2 2024
Question
Kelvin Lee of Scotiabank asked about long-term debt reduction targets beyond 2024, the typical deal size for M&A, the strategic focus between cash-flowing and development assets, and whether the current pace of share buybacks would continue.
Answer
Executive Nolan Watson stated the goal is to lower debt as much as possible to fund future growth from a position of strength. CFO Erfan Kazemi-Esfahani confirmed the current M&A focus is on deals under $100 million. Nolan Watson added that material deals must be cash-flowing or near-term, while the company also seeks small, early-stage royalty opportunities. He confirmed the plan is to continue the current buyback pace but reserves the right to be opportunistic.