XML 55 R24.htm IDEA: XBRL DOCUMENT
v3.22.4

Segmented Information | 12 Months Ended
--- | ---
Dec. 31, 2022
Text block1 [abstract] |
Segmented Information | 17 – Segmented Information The Company’s reportable operating segments, which are components of the Company’s business where separate financial information is available and which are evaluated on a regular basis by the Company’s Chief Executive Officer, who is the Company’s chief operating decision maker, for the purpose of assessing performance, are summarized in the tables below: For the year ended December 31, 2022:
In $000s |  | Product |  |  | Sales |  |  | Royalty revenue |  |  | Cost of sales excluding depletion |  |  | Depletion |  |  | Stream, royalty and other interests impairments |  |  | Gain on disposal of Stream, royalty and other interests and Other |  |  | Income (loss) before taxes |  |  | Cash flows from operating activities |
Antamina, Peru 1 |  |  | Various |  |  | $ | - |  |  | $ | 4,269 |  |  | $ | - |  |  | $ | 5,676 |  |  | $ | - |  |  | $ | - |  |  | $ | (1,407 | ) |  | $ | 1,069 |
Aurizona, Brazil |  |  | Gold |  |  |  | - |  |  |  | 6,925 |  |  |  | - |  |  |  | 379 |  |  |  | - |  |  |  | - |  |  |  | 6,546 |  |  |  | 7,925 |
Blyvoor, South Africa |  |  | Gold |  |  |  | 2,589 |  |  |  | - |  |  |  | 1,199 |  |  |  | 787 |  |  |  | - |  |  |  | - |  |  |  | 603 |  |  |  | 2,083 |
Bonikro, Cote D’Ivoire |  |  | Gold |  |  |  | 5,243 |  |  |  | - |  |  |  | 2,422 |  |  |  | 3,106 |  |  |  | - |  |  |  | - |  |  |  | (285 | ) |  |  | 3,742 |
Caserones, Chile |  |  | Copper |  |  |  | - |  |  |  | 2,615 |  |  |  | - |  |  |  | 1,656 |  |  |  | - |  |  |  | - |  |  |  | 959 |  |  |  | 2,747 |
Chapada, Brazil |  |  | Copper |  |  |  | 16,016 |  |  |  | - |  |  |  | 4,828 |  |  |  | 3,060 |  |  |  | - |  |  |  | - |  |  |  | 8,128 |  |  |  | 11,188 |
Diavik, Canada |  |  | Diamonds |  |  |  | - |  |  |  | 8,206 |  |  |  | - |  |  |  | 2,491 |  |  |  | - |  |  |  | - |  |  |  | 5,715 |  |  |  | 8,056 |
Fruta del Norte, Ecuador |  |  | Gold |  |  |  | - |  |  |  | 6,546 |  |  |  | - |  |  |  | 2,416 |  |  |  | - |  |  |  | - |  |  |  | 4,130 |  |  |  | 4,757 |
Houndé, Burkina Faso |  |  | Gold |  |  |  | - |  |  |  | 5,815 |  |  |  | - |  |  |  | 2,159 |  |  |  | - |  |  |  | - |  |  |  | 3,656 |  |  |  | 3,547 |
Mercedes, Mexico 2 |  |  | Various |  |  |  | 14,934 |  |  |  | - |  |  |  | 2,001 |  |  |  | 8,144 |  |  |  | - |  |  |  | - |  |  |  | 4,789 |  |  |  | 11,669 |
Relief Canyon, United States |  |  | Gold |  |  |  | 10,891 |  |  |  | - |  |  |  | - |  |  |  | 5,121 |  |  |  | - |  |  |  | - |  |  |  | 5,770 |  |  |  | 10,891 |
Vale Royalties, Brazil |  |  | Iron Ore |  |  |  | - |  |  |  | 7,813 |  |  |  | - |  |  |  | 2,537 |  |  |  | - |  |  |  | - |  |  |  | 5,276 |  |  |  | 7,618 |
Vatukoula, Fiji |  |  | Gold |  |  |  | 4,503 |  |  |  | - |  |  |  | 899 |  |  |  | 2,348 |  |  |  | - |  |  |  | (2,396 | ) |  |  | 3,652 |  |  |  | 3,604 |
Yamana silver stream, Argentina |  |  | Silver |  |  |  | 27,804 |  |  |  | - |  |  |  | 8,323 |  |  |  | 11,994 |  |  |  | - |  |  |  | - |  |  |  | 7,487 |  |  |  | 19,480 |
Other 3 |  |  | Various |  |  |  | 15,835 |  |  |  | 8,728 |  |  |  | 3,694 |  |  |  | 7,906 |  |  |  | 1,086 |  |  |  | (23,437 | ) |  |  | 35,314 |  |  |  | 21,003 |
Total Segments |  |  |  |  |  | $ | 97,815 |  |  | $ | 50,917 |  |  | $ | 23,366 |  |  | $ | 59,780 |  |  | $ | 1,086 |  |  | $ | (25,833 | ) |  | $ | 90,333 |  |  | $ | 119,379 |
Corporate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Administration & Project evaluation expenses |  |  |  |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (20,828 | ) |  | $ | (14,269 | )
Foreign exchange loss |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (790 | ) |  |  | - |
Gain on revaluation of investments |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,756 |  |  |  | - |
Finance (expense) income, net |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (16,477 | ) |  |  | 871 |
Gain on disposal of investment in associate |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (37,396 | ) |  |  | 37,396 |  |  |  | - |
Share of net loss of associates |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (3,654 | ) |  |  | - |
Other |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,621 |  |  |  | 33 |  |  |  | 935 |
Total Corporate |  |  |  |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (33,775 | ) |  | $ | (2,564 | ) |  | $ | (12,463 | )
Consolidated |  |  |  |  |  | $ | 97,815 |  |  | $ | 50,917 |  |  | $ | 23,366 |  |  | $ | 59,780 |  |  | $ | 1,086 |  |  | $ | (59,608 | ) |  | $ | 87,769 |  |  | $ | 106,916 |
1 | Royalty revenue from Antamina consists of $2.9 million from copper, $0.2 million from silver and $1.2 million from other base metals.
2 | Revenue from Mercedes consists of $12.4 million from gold and $2.5 million from silver.
3 | Where a Stream, royalty and other interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and represents an interest on gold, silver or other metal, the interest has been summarized under Other. Other includes Highland Valley, Santa Elena, Black Fox, Karma, CEZinc, Gualcamayo, Thunder Creek, Mine Waste Solutions, HM Claim, and others. Includes revenue from Stream, royalty and other interests located in Canada of $15.3 million, Mexico of $4.8 million, and other of $4.5 million. Includes revenue from gold of $17.7 million, other base metals of $5.6 million and copper of $1.3 million.
For the year ended December 31, 2021:
In $000s |  | Product |  |  | Sales |  |  | Royalty revenue |  |  | Cost of sales excluding depletion |  |  | Depletion |  |  | Stream, royalty and other interests impairments |  |  | Gain on revaluation of Vale Royalties financial instrument |  |  | Income (loss) before taxes |  |  | Cash flows from operating activities |
Aurizona, Brazil |  |  | Gold |  |  | $ | - |  |  | $ | 9,844 |  |  | $ | - |  |  | $ | 815 |  |  | $ | - |  |  | $ | - |  |  | $ | 9,029 |  |  | $ | 9,444 |
Chapada, Brazil |  |  | Copper |  |  |  | 15,118 |  |  |  | - |  |  |  | 4,541 |  |  |  | 2,963 |  |  |  | - |  |  |  | - |  |  |  | 7,614 |  |  |  | 10,577 |
Diavik, Canada |  |  | Diamonds |  |  |  | - |  |  |  | 7,647 |  |  |  | - |  |  |  | 3,372 |  |  |  | - |  |  |  | - |  |  |  | 4,275 |  |  |  | 7,097 |
Fruta del Norte, Ecuador |  |  | Gold |  |  |  | - |  |  |  | 6,367 |  |  |  | - |  |  |  | 2,304 |  |  |  | - |  |  |  | - |  |  |  | 4,063 |  |  |  | 4,465 |
Houndé, Burkina Faso |  |  | Gold |  |  |  | - |  |  |  | 3,803 |  |  |  | - |  |  |  | 1,610 |  |  |  | - |  |  |  | - |  |  |  | 2,193 |  |  |  | 3,802 |
Relief Canyon, United States |  |  | Gold |  |  |  | 10,499 |  |  |  | - |  |  |  | - |  |  |  | 4,711 |  |  |  | - |  |  |  | - |  |  |  | 5,788 |  |  |  | 10,499 |
Vale Royalties, Brazil |  |  | Iron Ore |  |  |  | - |  |  |  | 4,398 |  |  |  | - |  |  |  | 1,444 |  |  |  | - |  |  |  | (5,887 | ) |  |  | 8,841 |  |  |  | 198 |
Yamana silver stream, Argentina |  |  | Silver |  |  |  | 25,460 |  |  |  | - |  |  |  | 7,603 |  |  |  | 10,415 |  |  |  | - |  |  |  | - |  |  |  | 7,442 |  |  |  | 17,857 |
Other 1 |  |  | Various |  |  |  | 20,645 |  |  |  | 11,079 |  |  |  | 4,701 |  |  |  | 8,070 |  |  |  | 408 |  |  |  | - |  |  |  | 18,545 |  |  |  | 27,096 |
Total Segments |  |  |  |  |  | $ | 71,722 |  |  | $ | 43,138 |  |  | $ | 16,845 |  |  | $ | 35,704 |  |  | $ | 408 |  |  | $ | (5,887 | ) |  | $ | 67,790 |  |  | $ | 91,035 |
Corporate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Administration & Project evaluation expenses |  |  |  |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (17,968 | ) |  | $ | (11,492 | )
Foreign exchange loss |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (645 | ) |  |  | - |
Loss on revaluation of investments |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,659 | ) |  |  | - |
Finance (expense) income, net |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,654 | ) |  |  | 38 |
Share of net loss of associates |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (943 | ) |  |  | - |
Other |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (68 | ) |  |  | 1,558 |
Total Corporate |  |  |  |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (22,937 | ) |  | $ | (9,896 | )
Consolidated |  |  |  |  |  | $ | 71,722 |  |  | $ | 43,138 |  |  | $ | 16,845 |  |  | $ | 35,704 |  |  | $ | 408 |  |  | $ | (5,887 | ) |  | $ | 44,853 |  |  | $ | 81,139 |
1 | Where a Stream, royalty and other interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and represents an interest on gold, silver or other metal, the interest has been summarized under Other. Other includes revenue from Santa Elena, Black Fox, Karma, Gualcamayo, Thunder Creek, Mine Waste Solutions, HM Claim, and others. Includes revenue from Stream, royalty and other interests located in Canada of $14.5 million, Mexico of $10.9 million and other of $6.3 million. Includes revenue from gold of $25.7 million, other base metals of $3.3 million and copper of $2.7 million. Reportable segments that have not met the criteria for separate disclosure in the current period have been included in Other for the current and prior period.
Total assets as of:
In $000s |  | December 31, 2022 |  |  | December 31, 2021 |
Antamina |  | $ | 339,751 |  |  | $ | - |
Aurizona |  |  | 9,745 |  |  |  | 11,124 |
Blyvoor |  |  | 105,545 |  |  |  | - |
Bonikro |  |  | 35,306 |  |  |  | - |
Caserones |  |  | 82,800 |  |  |  | - |
Chapada |  |  | 46,656 |  |  |  | 49,709 |
Diavik |  |  | 5,401 |  |  |  | 7,742 |
Fruta del Norte |  |  | 28,658 |  |  |  | 31,174 |
Greenstone |  |  | 107,234 |  |  |  | - |
Horne 5 |  |  | 78,934 |  |  |  | - |
Hod Maden 1 |  |  | 206,969 |  |  |  | 69,131 |
Houndé |  |  | 30,037 |  |  |  | 31,179 |
Hugo North Extension and Heruga 2 |  |  | 35,352 |  |  |  | 56,628 |
Mercedes |  |  | 64,945 |  |  |  | - |
Platreef |  |  | 186,640 |  |  |  | - |
Relief Canyon |  |  | 13,796 |  |  |  | 18,910 |
Vale Royalties |  |  | 116,856 |  |  |  | 120,543 |
Vatukoula |  |  | 14,886 |  |  |  | 27,716 |
Yamana silver stream |  |  | 25,969 |  |  |  | 37,954 |
Other 3 |  |  | 264,261 |  |  |  | 108,229 |
Total Segments |  | $ | 1,799,741 |  |  | $ | 570,039 |
Corporate: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 7,029 |  |  | $ | 16,166 |
Investments |  |  | 129,890 |  |  |  | 29,057 |
Other assets 4 |  |  | 38,117 |  |  |  | 5,596 |
Total Corporate |  | $ | 175,036 |  |  | $ | 50,819 |
Consolidated |  | $ | 1,974,777 |  |  | $ | 620,858 |
1 | Includes Stream, royalty and other interests of $207.0 million at December 3 1 , 2022. Includes royalty interest of $5.8 million and investment in associate of $63.3 million at December 31, 2021.
2 | Includes S tream interest of $35.4 million at December 3 1 , 2022. Includes Stream interest of $35.4 million and investment in associate of $21.3 million at December 31, 2021.
3 | Where a Stream, royalty and other interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and represents an interest on gold, silver or other metal, the interest has been summarized under Other. Includes Santa Elena, Black Fox, Karma, Highland Valley, El Pilar, Cortez Complex (Robertson Deposit), Troilus, CEZinc, Gualcamayo, Thunder Creek, Mine Waste Solutions, Lobo-Marte, Agi Dagi & Kirazli, HM Claim, and others. Reportable segments that have not met the criteria for separate disclosure in the current period have been included in Other for the current and prior period.
4 | Includes Sandbox and Horizon Copper investments in associates.
Non-current assets by geographical region as of:
In $000s |  | December 31, 2022 1 |  |  | December 31, 2021 1 |
North America |  |  |  |  |  |  |  |
Canada |  | $ | 296,794 |  |  | $ | 45,917 |
Mexico |  |  | 79,852 |  |  |  | 4,034 |  |
USA |  |  | 68,496 |  |  |  | 41,660 |
South & Central America |  |  |  |  |  |  |  |
Peru |  | $ | 338,042 |  |  | $ | - |
Brazil |  |  | 186,740 |  |  |  | 177,640 |
Chile |  |  | 83,482 |  |  |  | 2,460 |
Argentina |  |  | 58,493 |  |  |  | 51,627 |
Ecuador |  |  | 27,259 |  |  |  | 29,675 |
French Guiana |  |  | 5,160 |  |  |  | 5,160 |
Africa |  |  |  |  |  |  |  |
South Africa |  | $ | 294,707 |  |  | $ | 2,745 |
Burkina Faso |  |  | 35,927 |  |  |  | 38,565 |
Cote D’Ivoire |  |  | 34,667 |  |  |  | - |
Other |  |  |  |  |  |  |  |
Turkey |  | $ | 210,888 |  |  | $ | 72,917 |
Mongolia |  |  | 35,995 |  |  |  | 57,271 |
Australia |  |  | 16,982 |  |  |  | 3,220 |
Fiji |  |  | 14,886 |  |  |  | 27,590 |
Other |  |  | 298 |  |  |  | 2,717 |
Consolidated |  | $ | 1,788,668 |  |  | $ | 563,198 |
| 1 | Includes Stream, royalty and other interests and Other long-term assets at December 31, 2022. Includes Stream, royalty and other interests, Investments in associates and Other long-term assets at December 31, 2021.

X
- Definition The entire disclosure for operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IFRS08_g20-24__IFRS08_g20-24_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Text block1 [abstract] + References No definition available. + Details
Name: | sand_TextBlock1Abstract
Namespace Prefix: | sand_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration