03/30/2016 18:08 EDT | Updated 03/31/2017 01:12 EDT

Sandstorm Gold posts 4th-quarter loss of $25 million

VANCOUVER, British Columbia (AP) _ Sandstorm Gold Ltd. (SAND) on Wednesday reported a fourth-quarter loss of $25 million, after reporting a profit in the same period a year earlier.

The Vancouver, British Columbia-based company said it had a loss of 20 cents per share. Losses, adjusted for non-recurring costs, came to 7 cents per share.

The provider of financing for gold mining companies posted revenue of $9.9 million in the period.

For the year, the company reported a loss of $43.1 million, or 36 cents per share, swinging to a loss in the period. Revenue was reported as $52.7 million.

In the final minutes of trading on Wednesday, the company's shares hit $3.27. A year ago, they were trading at $3.29.


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Keywords: Sandstorm Gold, Earnings Report

The Associated Press