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Share Capital and Reserves (Tables)

12 Months Ended

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
Granted1			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			-				-
Granted1			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 year		$	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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