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According to a news release, the increase in quarterly revenue is attributable to a 46% increase in attributable gold equivalent ounces sold , partially offset by a 4% decrease in the average realized selling price of gold. The company’s net income of $31.7 million generated during the third quarter of 2022 was 380% higher when compared to the same period in 2021 .
Sandstorm added that based on the company’s existing streams and royalties, attributable gold equivalent ounces for 2022 are forecast to be between 80,000 and 85,000 ounces. The company is forecasting attributable gold equivalent production to be over 150,000 ounces in 2025.