SCHEDULE: Van Eck Boosts Sandstorm Gold Stake to 6.35%

Van Eck Associates Corporation has increased its beneficial ownership in Sandstorm Gold Ltd. to 6.35% of common shares, holding over 18.6 million shares.

Summary

• Van Eck Associates Corporation reported beneficial ownership of 18,613,017 common shares of Sandstorm Gold Ltd.
• This represents 6.35% of Sandstorm Gold Ltd.'s common shares outstanding.
• Van Eck holds sole voting power over 18,529,259 shares and sole dispositive power over 18,613,017 shares.
• The filing indicates the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Sandstorm Gold Ltd.

Sentiment

Score: 7

Explanation: The filing indicates a significant institutional investor, Van Eck Associates Corporation, has increased its beneficial ownership in Sandstorm Gold Ltd. to 6.35%. This increased stake by a reputable investment adviser, coupled with the certification that the shares are held for ordinary course of business and not for control, generally signals a vote of confidence in the company's long-term prospects and stability.

Positives

• Increased institutional ownership by Van Eck Associates Corporation, a significant investment adviser, signals confidence in Sandstorm Gold Ltd.
• Van Eck's passive investment stance indicates a long-term, ordinary course of business holding, suggesting stability and lack of activist intent.

Negatives

• No specific negative information for Sandstorm Gold Ltd. is disclosed in this beneficial ownership filing.

Risks

• No specific risks to Sandstorm Gold Ltd. are detailed in this beneficial ownership filing.

Future Outlook

This filing, a Schedule 13G, primarily discloses beneficial ownership and does not contain forward-looking statements or guidance from Sandstorm Gold Ltd.

Management Comments

• This filing does not contain direct management comments from Sandstorm Gold Ltd.

Industry Context

Van Eck Associates Corporation is a prominent investment manager known for its focus on hard assets, including gold and precious metals, through various funds and ETFs. Their increased stake in Sandstorm Gold Ltd., a leading gold royalty and streaming company, aligns with their established investment thesis in the precious metals sector, indicating continued confidence in the gold market and royalty business model.

Comparison to Industry Standards

• Van Eck Associates Corporation's significant stake in Sandstorm Gold Ltd. is consistent with the trend of major institutional investors holding substantial positions in established gold royalty and streaming companies, such as Franco-Nevada Corporation, Wheaton Precious Metals Corp., and Royal Gold, Inc.
• These companies are often favored by institutional investors for their diversified asset portfolios, lower operating costs compared to traditional miners, and exposure to commodity prices without direct mining risks.

Stakeholder Impact

• Shareholders: Increased institutional confidence may positively influence investor sentiment and potentially the stock price.
• Management: Validation of the company's strategy and operations by a major investor.

Next Steps

• Van Eck Associates Corporation will continue to monitor its investment in Sandstorm Gold Ltd. and may file further amendments to its Schedule 13G if its beneficial ownership percentage changes significantly.

Key Dates

Keywords

Sandstorm Gold, Van Eck, Gold Royalty, Gold Streaming, Institutional Ownership, SEC Filing, Schedule 13G, Beneficial Ownership