VANCOUVER, British Columbia (AP) _ Sandstorm Gold Ltd. (SAND) on Thursday reported second-quarter net income of $7.1 million.
On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 4 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The provider of financing for gold mining companies posted revenue of $18.7 million in the period.
Sandstorm Gold shares have risen 30% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.68, a climb of 46% in the last 12 months.
Read More: Sandstorm Gold: 2Q Earnings Snapshot