SANDSTORM GOLD LTD (SAND) - Dilution Analysis

Visualizing historical and potential share dilution over time

View Stock Details

Chase Ink Business Preferred®

Earn Up to 150K Bonus Points

Transfer points to 14+ airline & hotel partners. Up to 40% upgrade value on first class travel. $95/yr.

Apply Now

Dilution Analysis

Low Risk

Limited dilution potential

Last updated: March 31, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 0% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

300M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

SAND currently has 296M outstanding shares. with minimal authorized share overhang for future dilution. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Mar 31, 2025	40-F filing \| 296.4M shares outstanding	300M
Nov 08, 2024	F-10 filing: Sandstorm Gold Ltd. is registering an indeterminate number of common shares, debt securities, warrants, subscription receipts and units with an aggregate initial offering price not to exceed $500,000,000.	300M
Mar 27, 2024	40-F filing \| 297.7M shares outstanding	300M
Mar 23, 2023	40-F filing \| 298.8M shares outstanding	300M
Mar 31, 2022	40-F filing \| 191.7M shares outstanding	190M
Mar 30, 2021	40-F filing \| 195.3M shares outstanding	200M
Apr 09, 2020	F-10 filing: This is a F-10 filing for a shelf offering of securities of Sandstorm Gold Ltd. with a total offering price of up to U.S.$350,000,000.	180M
Mar 30, 2020	40-F filing \| 177.2M shares outstanding	180M

Back to SAND Details