Sandstorm Gold: Q2 Earnings Snapshot

VANCOUVER, British Columbia (AP) _ Sandstorm Gold Ltd. (SAND) on Thursday reported second-quarter net income of $8.6 million.

The Vancouver, British Columbia-based company said it had profit of 4 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The provider of financing for gold mining companies posted revenue of $26.4 million in the period.

Sandstorm Gold shares have increased 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.61, a decline of 23% 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