Sandstorm Gold Ltd.
US ˙ NYSE ˙ CA80013R2063
ESTE SÍMBOLO NÃO ESTÁ MAIS ATIVO

SecuritySAND / Sandstorm Gold Ltd.
InstitutionRoyce Micro-cap Trust, Inc /md/
Latest Disclosed Ownership707,500 shares
Latest Disclosed Value $ 6,650,500
Royce Micro-cap Trust, Inc /md/ reports 8.71% decrease in ownership of SAND / Sandstorm Gold Ltd.

On August 15, 2025 - Royce Micro-cap Trust, Inc /md/ filed a NPORT-P form disclosing ownership of 707,500 shares of Sandstorm Gold Ltd. (US:SAND) valued at $6,650,500 USD as of June 30, 2025. The entity filed a previous NPORT-P on May 19, 2025 disclosing 775,000 shares of Sandstorm Gold Ltd.. This represents a change in shares of -8.71% during the quarter. The current value of the position is $0 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-08-15 2025-06-30 NP Sandstorm Gold EC CA80013R2063 707,500 -67,500 -8.71 6,650 13.66 1.1973
2025-05-19 2025-03-31 NP Sandstorm Gold EC CA80013R2063 775,000 -10,000 -1.27 5,851 33.58 1.1984
2025-02-21 2024-12-31 NP Sandstorm Gold EC CA80013R2063 785,000 -25,000 -3.09 4,380 -9.88 0.7728
2024-11-19 2024-09-30 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 4,860 10.30 0.8766
2024-08-12 2024-06-30 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 4,406 3.62 0.8231
2024-05-28 2024-03-31 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 4,252 4.37 0.7882
2024-02-20 2023-12-31 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 4,074 7.95 0.7827
2023-11-22 2023-09-30 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 3,775 -8.99 0.8060
2023-08-09 2023-06-30 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 4,147 -11.88 0.8531
2023-05-19 2023-03-31 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 4,706 10.47 0.9946
2023-02-21 2022-12-31 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 4,261 1.74 0.9143
2022-11-17 2022-09-30 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 4,188 -13.11 0.9925
2022-08-16 2022-06-30 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 4,820 -26.36 1.1025
2022-05-16 2022-03-31 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 6,545 30.31 1.2117
2022-02-24 2021-12-31 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 5,022 7.65 0.8507
2021-11-22 2021-09-30 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 4,666 -27.00 0.8040
2021-08-24 2021-06-30 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 6,391 16.01 1.0398
2021-05-17 2021-03-31 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 5,508 -5.15 0.9651
2021-02-19 2020-12-31 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 5,808 -15.05 1.1257
2020-11-24 2020-09-30 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 6,836 -12.27 1.7012
2020-08-19 2020-06-30 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 7,792 92.02 2.1129
2020-05-27 2020-03-31 NP Sandstorm Gold EC CA80013R2063 810,000 0 0.00 4,058 -32.75 1.4398
2020-02-19 2019-12-31 NP Sandstorm Gold EC 80013R206 810,000 0 0.00 6,034 32.09 1.4906
2019-11-25 2019-09-30 NP Sandstorm Gold EC CA80013R2063 810,000 810,000 4,568 1.2233
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.