#Canada #Vancouver #Sandstorm Gold #Hod Maden #SSR Mining

Sandstorm Gold Royalties to Invest in Hod Maden Project

Sandstorm Gold Ltd. (NYSE: SAND, TSX: SSL) has recently affirmed its commitment to the Hod Maden gold-copper project in Türkiye. The company is poised to make significant capital investments estimated between $60 million and $100 million in 2025. This investment comes in tandem with the $42 million in development costs already incurred in 2024.

Project Overview

The Hod Maden joint venture has received positive guidance from SSR Mining Inc., underscoring the project’s viability and growth potential. SSR Mining has focused on advancing the project's critical infrastructure. Planned activities for 2025 include extensive early-works initiatives focusing on crucial road and tunnel construction, which are essential for accessing the mine.

Moreover, SSR Mining intends to enhance the resource estimates through ongoing infill drilling programs. The goal is to mitigate risks associated with the initial operational years, ensuring a safe and effective launch of the mining operations.

Exploration and Financing

In addition to the infrastructural focus, an initial exploration program is scheduled to define new targets and assess the potential extension of existing deposits. The development activities will be complemented with efforts to secure financing for the project, leading up to a final investment decision.

Based on the progress and momentum gained through these early-stage works and initiatives, Sandstorm Gold maintains its expectation for first production from Hod Maden by 2028. This forecast is not only pivotal for Sandstorm's operational strategy but also signifies the optimism surrounding gold and copper market prices.

Royalty Structure

Sandstorm's strategic position includes holding a 2.0% net smelter returns royalty alongside a gold stream agreement with Horizon Copper Corp. This agreement stipulates that Sandstorm will purchase 20% of all gold produced during the initial phase of the project. Payments will be based on 50% of the spot price until a total of 405,000 ounces have been delivered. Thereafter, Sandstorm's return will shift to 12% of production, with payments increasing to 60% of the spot price of gold.

Conclusion

The Hod Maden project has begun to emerge as a cornerstone of Sandstorm’s operations, promising substantial returns amid a thriving market landscape. The company will continuously update its stakeholders and the investment community regarding progress and upcoming developments, thus ensuring transparency and stewardship in its endeavors.

For further insights and updates on the Hod Maden project and other ventures, interested parties can visit SSR Mining's official website or follow Sandstorm Gold at www.sandstormgold.com.

About Sandstorm Gold Royalties

Sandstorm Gold Royalties provides upfront financing to mining companies in exchange for rights to a fraction of production from their mines. With over 230 royalties, including 40 active mines, Sandstorm aims to expand its portfolio and sustain its competitive edge in the precious metals market, aligning its growth strategy with shareholder value.

Acknowledgments

This release contains forward-looking statements regarding operational activities and financial projections, to which inherent uncertainties are associated. The company ensures compliance with both U.S. and Canadian reporting standards, particularly regarding mineral resource disclosures, further enhancing investor confidence in its commitments and project scopes.