#Canada #Vancouver #Sandstorm Gold #Robertson Mine #Hod Maden

Sandstorm Gold Updates on Key Mining Projects

In a recent announcement, Sandstorm Gold Ltd. provided updates regarding its diverse stream and royalty portfolio. These updates cover several significant mining projects crucial to the company's future performance.

Robertson Mine Environmental Permit Approved

On November 15, 2024, the U.S. Bureau of Land Management (BLM) issued a Record of Decision regarding the Robertson mine following the favorable review of its Final Environmental Impact Statement (EIS). This decision represents a significant milestone in obtaining key federal permits under the National Environmental Protection Act (NEPA). The Robertson site, positioned in Nevada's Cortez District, is operated by Nevada Gold Mines, a collaboration between Barrick Gold Corp. and Newmont Corporation. The mine is anticipated to launch open-pit operations beginning in 2027, pending further approvals. Sandstorm maintains a net smelter returns (NSR) royalty between 1.0% and 2.25% on the project, which could yield substantial returns at current gold market prices.

Progress at Hod Maden in Türkiye

At the Hod Maden site in Türkiye, SSR Mining Inc. has recently reported ongoing site preparations and engineering studies necessary for advancing the project toward construction approval. In the third quarter of 2024, SSR Mining invested approximately $10.9 million into Hod Maden. Sandstorm holds a 2.0% NSR royalty on the Hod Maden project along with a 20% gold stream, indicating a significant stake in the mining operation's revenues.

Hugh North Extension Development

Entrée Resources Ltd. has initiated underground development at the Hugo North Extension, part of their joint project with Oyu Tolgoi. This venture includes lateral developments and ongoing discussions with partners to finalize operational agreements. Recent drilling has indicated promising high-grade copper results, confirming the potential for richness at depth in the deposit. Sandstorm benefits from a copper and precious metal stream agreement with Entrée, which assures cash flow based on the captured copper and precious metal yield from this site.

Aurizona Pit Resumption

Equinox Gold Corp. is set to restart mining operations at Aurizona's Piaba pit in the last quarter of 2024 after adverse weather conditions necessitated previous remediation. Sandstorm has a sliding scale NSR royal on the Aurizona mine, expected to yield strong returns as operations resume and the mine life expands to exceed ten years.

Enhancements at Chapada Mine

Following management optimization at Lundin Mining's Chapada mine in Brazil, mining costs have impressively decreased by 46% from 2022 levels. The changes include improved hauling times and less annual strip mining, which effectively increase project cash flows. Sandstorm has a copper stream agreement with Lundin, enhancing its revenue from the Chapada mine operations.

Coringa Gold Project Assessment

Serabi Gold plc has unveiled an updated preliminary economic assessment (PEA) for its Coringa gold project in Brazil, presenting notable improvements compared to previous analyses. The report forecasts substantial yearly gold production, affirming Sandstorm's 2.5% NSR royalty position and augmenting its role in the project's profitability.

These updates reflect Sandstorm Gold Royalties' committed approach to monitoring and enhancing its production assets, providing exciting opportunities for future growth in the ever-evolving precious metals market.