Sandstorm Gold: 1Q Earnings Snapshot

VANCOUVER, British Columbia (AP) _ Sandstorm Gold Ltd. (SAND) on Thursday reported a first-quarter loss of $10.3 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 6 cents. Losses, adjusted for asset impairment costs, were 1 cent per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The provider of financing for gold mining companies posted revenue of $21.3 million in the period.

Sandstorm Gold shares have risen 15% since the beginning of the year. The stock has increased 62% 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