| Sandstorm Gold posts 4Q profit | |
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VANCOUVER, British Columbia (AP) _ Sandstorm Gold Ltd. (SAND) on Thursday reported fourth-quarter net income of $709,000, after reporting a loss in the same period a year earlier. On a per-share basis, the Vancouver, British Columbia-based company said it had net income of less than 1 cent. The provider of financing for gold mining companies posted revenue of $15.4 million in the period. For the year, the company reported profit of $10.5 million, or 6 cents per share. Revenue was reported as $68.3 million. Sandstorm Gold shares have climbed roughly 3 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.13, a rise of 7.5 percent in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAND at https://www.zacks.com/ap/SAND |
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