Sandstorm Gold Ltd. Ordinary Shares (Canada) (SAND)

Competitors to Sandstorm Gold Ltd. Ordinary Shares (Canada) (SAND)

Franco-Nevada Corporation 

Franco-Nevada Corporation and Sandstorm Gold Ltd. compete in the precious metals streaming and royalty space. Franco-Nevada is generally considered a leader in the market with a more diversified portfolio of assets and revenue sources, including oil and gas royalties. The company has built a strong reputation for being a low-risk investment in the precious metals sector, particularly due to its focus on high-quality assets and long-term agreements. This broader portfolio provides Franco-Nevada with greater stability compared to Sandstorm, which may have fewer diversified interests.

Metalla Royalty & Streaming Ltd.

Metalla Royalty & Streaming Ltd. represents a newer player in the streaming and royalty space, competing with Sandstorm Gold by actively acquiring royalties and streams on precious metal properties. While Metalla is smaller and less established than Sandstorm and its larger competitors, it targets unique and often undervalued assets to generate potential growth. This opportunistic approach presents competition for Sandstorm, particularly among investors looking for high-return potential, although Metalla doesn't yet boast the market reach or stability that Sandstorm offers.

Royal Gold, Inc. 

Royal Gold, Inc. competes with Sandstorm Gold on similar facets of mining royalties and streaming, but it operates with a much larger portfolio of properties and a long history of operations in the sector. Royal Gold possesses competitive advantages in negotiations with mining firms due to its established reputation and financial strength, often securing more favorable terms and diversifying risks across its assets. This enables Royal Gold to generate more consistent revenue compared to Sandstorm, which might not have the same level of influence or asset robustness.

Wheaton Precious Metals Corp. 

Wheaton Precious Metals Corp. and Sandstorm Gold Ltd. are both active in the streaming and royalty business but differ in the scale and diversity of their operations. Wheaton has larger and more diverse assets, being one of the largest players in this space, which allows it to enjoy economies of scale and significant negotiation power in forming streaming agreements. Furthermore, Wheaton’s extensive portfolio includes streams in established mining companies, making it less vulnerable to sector-specific downturns compared to Sandstorm, which might rely more heavily on specific assets.