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Share Capital and Reserves (Tables) | 12 Months Ended
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Dec. 31, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items] |
Summary of Company's Options and Weighted Average Exercise Price | A summary of the Company’s options and the changes for the year is as follows:
|  | Number of options |  |  | Weighted average exercise price per share (CAD) |
Options outstanding at December 31, 2020 |  |  | 9,127,103 |  |  |  | 7.33 |
Granted |  |  | 2,968,000 |  |  |  | 7.18 |
Exercised |  |  | (855,761) |  |  |  | (4.96) |
Options outstanding at December 31, 2021 |  |  | 11,239,342 |  |  |  | 7.47 |
Granted 1 |  |  | 6,249,148 |  |  |  | 7.19 |
Exercised |  |  | (1,130,218) |  |  |  | (5.39) |
Expired |  |  | (2,250) |  |  |  | (15.00) |
Options outstanding at December 31, 2022 |  |  | 16,356,022 |  |  |  | 7.50 |
1 | Includes stock options granted in conjunction with the acquisition of Nomad Royalties, which is further discussed in note 5(b).
Summary of Share Purchase Options and Exercise Price Ranges | A summary of the Company’s options as of December 31, 2022 is as follows:
Year of expiry |  | Number outstanding |  | Vested |  | Exercise price per share (range) (CAD) 1 |  | Exercise price per share (CAD) 1
2023 |  | 3,156,999 |  | 3,156,999 |  | 5.92 – 7.44 |  | 6.04
2024 |  | 3,188,023 |  | 3,188,023 |  | 1.66 – 12.40 |  | 8.05
2025 |  | 2,812,000 |  | 1,874,672 |  | 9.43 |  | 9.43
2026 |  | 2,968,000 |  | 989,336 |  | 7.18 |  | 7.18
2027 |  | 4,231,000 |  | - |  | 7.12 |  | -
|  | 16,356,022 |  | 9,209,030 |  |  |  | 7.55
1 | Weighted average exercise price of options that are exercisable.
Summary of the Company's Other Equity Instruments and the Changes for the Year | A summary of the Company’s warrants and the changes for the year is as follows:
|  | Number of warrants |  |  | Shares to be issued upon exercise of warrants |
Warrants outstanding at December 31, 2020 and December 31, 2021 |  |  | - |  |  |  | - |
Granted 1 |  |  | 2,661,012 |  |  |  | 2,661,012 |
Exercised |  |  | (484 | ) |  |  | (484 | )
Expired |  |  | (2,418,528 | ) |  |  | (2,418,528 | )
Warrants outstanding at December 31, 2022 |  |  | 242,000 |  |  |  | 242,000 |
1 | Includes share purchase warrants granted in conjunction with the acquisition of Nomad Royalties, which is further discussed in note 5(b).
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, 2022 |  |  | Year Ended December 31, 2021 |
Net income attributable to Sandstorm’s shareholders for the y ear |  | $ | 78,361 |  |  | $ | 27,622 |
Basic weighted average number of shares |  |  | 231,348,386 |  |  |  | 193,974,313 |
Basic earnings per share |  | $ | 0.34 |  |  | $ | 0.14 |
Effect of dilutive securities |  |  |  |  |  |  |  |
Stock options |  |  | 1,192,958 |  |  |  | 1,684,992 |
Restricted share rights |  |  | 1,776,836 |  |  |  | 2,164,175 |
Diluted weighted average number of common shares |  |  | 234,318,180 |  |  |  | 197,823,480 |
Diluted earnings per share |  | $ | 0.33 |  |  | $ | 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 CAD8.10 during the year ended December 31, 2022 (December 31, 2021 — CAD8.76).
|  | Year Ended December 31, 2022 |  |  | Year Ended December 31, 2021 |
Stock Options |  |  | 4,700,144 |  |  |  | 4,241,250 |
Warrants |  |  | 2,225,825 |  |  |  | - |
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 |  | As at December 31, 2022 |
Current Assets |  | $ | 1,791 |
Non-current Assets |  |  | 81,022 |
Total Assets |  | $ | 82,813 |
Current Liabilities |  | $ | 445 |
Non-current Liabilities |  |  | - |
Total Liabilities |  | $ | 445 |
Net Assets |  | $ | 82,368 |
In $000s |  | Year Ended December 31, 2022 |
Revenue |  | $ | 2,615 |
Depletion |  |  | (1,656 | )
Administration expenses and other |  |  | 28 |
Income tax expense |  |  | (714 | )
Total net income and comprehensive income |  | $ | 273 |
Total net income and comprehensive income attributable to non-controlling interests |  | $ | 89 |

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