The Globe and Mail reports in its Friday, April 19, edition that during the first quarter earnings season for top gold producers, Scotia Capital analyst Tanya Jakusconek expects investor focus to be on operational performance. The Globe's David Leeder writes that Ms. Jakusconek says little else is expected after year-end 2023 results, including 2024 guidance, were released in mid-February. Ms. Jakusconek says in a note: "For Q1/24, we are expecting production for the group to be 5.5 million ounces at TCC and AISC [total cash costs and all-in sustaining costs] of $1,088/oz and $1,489/oz. We are not expecting margins to increase quarter-over-quarter or year-over-year based on the average quarterly prices. However, the gold price is up $300 per ounce or 15 per cent from Q1/24 average price of $2,071 per ounce, and based on current commodity price of $2,360 per ounce, margins are forecast to expand." Ms. Jakusconek continues to rate Sandstorm Gold "sector perform." Ms. Jakusconek trimmed her share target by 25 U.S. cents to $6.25 (U.S.). Analysts on average target the shares at $7.36 (U.S.). The Globe reported on Sept. 26 that National Bank rated Sandstorm Gold "outperform." It was then worth $4.69 (U.S.).