SCHEDULE 13G/A: Van Eck Associates Corp. Discloses 8% Stake in Sandstorm Gold Ltd.

Van Eck Associates Corporation has filed an amended Schedule 13G, reporting an 8% beneficial ownership stake in Sandstorm Gold Ltd. as of December 31, 2024.

Summary

• Van Eck Associates Corporation reported beneficial ownership of 23,766,253 common shares of Sandstorm Gold Ltd.
• This ownership represents 8% of the total class of common shares.
• The filing date for this Schedule 13G Amendment No. 13 is February 14, 2025, with the beneficial ownership calculated as of December 31, 2024.
• Van Eck Associates Corporation holds sole voting power over 23,647,473 shares and sole dispositive power over 23,766,253 shares.
• The shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing the control of Sandstorm Gold Ltd.

Sentiment

Score: 7

Explanation: The document indicates a stable and significant institutional investment, which is generally a positive signal of confidence in the company, without any negative implications or intent to influence control.

Positives

• The significant 8% stake held by Van Eck Associates Corporation, a prominent investment adviser, indicates a notable institutional investment in Sandstorm Gold Ltd., potentially signaling confidence in the company's long-term prospects.

Management Comments

• Van Eck Associates Corporation certified that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Sandstorm Gold Ltd.

Industry Context

This filing highlights Van Eck Associates Corporation's continued significant investment in the gold sector, specifically in Sandstorm Gold Ltd., a company involved in gold streaming and royalties. Van Eck is known for its focus on precious metals and mining investments, reinforcing its strategic presence in the industry.

Stakeholder Impact

• Shareholders: May view the continued significant institutional ownership by Van Eck Associates Corporation as a positive indicator of long-term value and stability.
• Company Management: Provides clarity on the ownership structure and the passive nature of this large institutional holding.

Key Dates

Keywords

Sandstorm Gold Ltd, Van Eck Associates Corp, Schedule 13G, beneficial ownership, common shares, gold, investment adviser, SEC filing