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Share Capital and Reserves (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure Of Share-Based Payment Arrangements [Abstract]  
Summary of Number of Options and Weighted Average Exercise Price per Share
A summary of the Company’s options and the changes for the period is as follows:
Number of optionsWeighted average exercise price per share (CAD)
Options outstanding at December 31, 2022
16,356,022 7.50
Granted4,101,417 6.53
Exercised(1,147,066)(5.99)
Expired(2,009,933)(6.07)
Options outstanding at December 31, 2023
17,300,440 7.54
Exercised(242,000)(1.66)
Expired(2,946,023)(8.57)
Options outstanding at December 31, 2024
14,112,417 7.42
Summary of Share Purchase Options and Exercise Price Ranges
A summary of the Company’s options as of December 31, 2024 is as follows:
Year of expiryNumber outstandingVested
Exercise price per share
(CAD)1
20252,812,0002,812,0009.43
20262,968,0002,968,0007.18
20274,231,0002,820,6727.12
20284,101,4171,367,1466.53
14,112,4179,967,8187.71
1.The weighted average exercise price of options that are exercisable is CAD7.71.
Summary of Share Purchase Options and Exercise Price Ranges
A summary of the Company’s options as of December 31, 2024 is as follows:
Year of expiryNumber outstandingVested
Exercise price per share
(CAD)1
20252,812,0002,812,0009.43
20262,968,0002,968,0007.18
20274,231,0002,820,6727.12
20284,101,4171,367,1466.53
14,112,4179,967,8187.71
1.The weighted average exercise price of options that are exercisable is CAD7.71.
Summary of Information of Diluted Earnings per Share
Diluted earnings per share is calculated based on the following:
In $000s
(except for shares and per share amounts)
Year Ended
December 31, 2024
Year Ended
December 31, 2023
Net income attributable to Sandstorm’s shareholders for the year$14,293 $41,716 
Basic weighted average number of shares297,489,424 297,406,309 
Basic earnings per share$0.05 $0.14 
Effect of dilutive securities
Stock options305,353 644,651 
Restricted share rights2,058,986 1,940,197 
Diluted weighted average number of common shares299,853,763 299,991,157 
Diluted earnings per share$0.05 $0.14 
Number of Stock Options and Warrants Excluded from the Computation of Diluted Earnings per Share
The following table lists the number of potentially dilutive securities excluded from the computation of diluted earnings per share because the exercise prices exceeded the average market value of the common shares of CAD7.43 during the year ended December 31, 2024 (December 31, 2023 — CAD7.10).
Year Ended
December 31, 2024
Year Ended
December 31, 2023
Stock Options4,254,58312,896,931
Warrants87,940242,000
Restricted Share Rights
30,027—
Summarized Financial Information of Subsidiary Summarized financial information for the Company’s investment in this subsidiary, on a 100% basis and reflecting adjustments made by the Company, including fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies is as follows:
In $000s
At December 31, 2024
At December 31, 2023
Current Assets$2,750 $2,356 
Non-current Assets71,466 62,852 
Total Assets$74,216 $65,208 
Current Liabilities1,383 767 
Non-current Liabilities— — 
Total Liabilities$1,383 $767 
Net Assets $72,833 $64,441 
Year Ended
December 31, 2024
Year Ended
December 31, 2023
Revenue
$11,033 $12,022 
Depletion(3,724)(4,875)
Administration expenses and other(7)(92)
Income tax expense(3,575)(4,000)
Total net income and comprehensive income$3,727 $3,055 
Total net income and comprehensive income
attributable to non-controlling interests
$1,211 $993