Sandstorm Gold Enhances Production and Key Developments Update

Sandstorm Gold Royalties Updates Producing and Development Assets

Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) is excited to announce various updates within its diverse stream and royalty portfolio. These developments reinforce Sandstorm's commitment to enhancing its operational efficiency and expanding its production capabilities.

Robertson Mine Environmental Permit Granted

The Robertson mine has received a crucial environmental permit approval from the U.S. Bureau of Land Management, marking a significant milestone in its development. This decision follows the completion of a thorough review period associated with the project's Final Environmental Impact Statement. This approval paves the way for the next steps in the mining operation at this prime location in Nevada's Cortez District, known for its gold production.

About the Robertson Mine

The Robertson mine, owned by Nevada Gold Mines, a joint venture between Barrick Gold Corp. and Newmont Corporation, is situated near the Cortez complex. Planned as an open-pit, heap leach operation, it will utilize existing infrastructure from nearby operations. Sandstorm holds a royalty agreement that could yield substantial returns based on current gold pricing and projections for first production in the coming years.

Progress Continues at Hod Maden Project

At Hod Maden in Türkiye, site preparation and engineering studies are in full swing, with SSR Mining Inc. devoted to advancing the project towards construction. In recent reports, SSR Mining indicated a significant investment in the third quarter to ensure timely progress. Sandstorm benefits from a royalty arrangement allowing it to take a percentage of the gold output, showcasing its strategic investments in regions with promising resources.

Hod Maden Investment Insights

Under the terms of the Hod Maden gold stream, Sandstorm is entitled to purchase a notable percentage of gold produced, demonstrating its strategic stance in resource acquisition. This project not only enhances Sandstorm's portfolio but also aligns with its long-term growth objectives.

Underground Development at Hugo North Extension

Digital advancements have heralded the commencement of underground development work at the Entrée/Oyu Tolgoi joint venture property. With focused infrastructure development underway, Entrée Resources Ltd. is in cooperative discussions with partners for future operational strategies. Recent drilling results have shown promising high-grade mineralization, bolstering confidence in the site's potential.

Drilling Success and Future Prospects

Highlights from the drilling program include impressive copper grades, reinforcing the viability of ongoing exploration activities. The projections for this joint venture offer a clear path to substantial mineral extraction, directly benefiting Sandstorm's interests through its streaming agreements.

Equinox Gold’s Mining Resumption at Aurizona

Equinox Gold Corp. is anticipating the resumption of mining at the Aurizona Piaba pit after overcoming setbacks related to weather conditions. The continuation of production plans and exploration efforts exemplifies a commitment to maximizing output from established resources.

Strategic Expansion at Aurizona

With engineering studies indicating a promising trajectory for the Aurizona mine's life expectancy, Sandstorm’s royalty structure ensures a consistent return as gold production expands. The revision of mining plans reflects a dynamic approach to resource management and investment scalability.

Chapada Optimization Enhances Cash Flows

At the Chapada mine, Lundin Mining Corporation has effectively decreased mining costs by substantial margins through strategic operational enhancements. These improvements signify a shift towards more efficient operational practices, further supported by Sandstorm's copper stream agreement, ensuring a steady return on investments.

Chapada Mine Performance Overview

This optimization not only aims to streamline operations but also positions Chapada for sustainable profitability, thereby positively impacting Sandstorm's future revenues.

Importance of the Coringa Gold Project

Serabi Gold plc's updated Preliminary Economic Assessment for the Coringa gold project indicates notable advancements in production forecasts. Sandstorm continues to maintain a royalty stake in this high-potential project, benefiting from ongoing developments that enhance the economic outlook.

Coringa Economic Potential

The Coringa project is reflecting strong production potential alongside strategic resource management, further solidifying Sandstorm's position in critical mining ventures.

Frequently Asked Questions

What is the recent update on the Robertson mine?

The Robertson mine has received key environmental permit approval, signaling progress towards future production stages.

How is Sandstorm Gold involved in the Hod Maden project?

Sandstorm holds significant royalties and is well-positioned to benefit from the project's development and expected production.

What trends are evident in the copper stream from Chapada?

Recent operational optimization has reduced mining costs significantly, enhancing profitability from Sandstorm's copper stream agreement.

Are there any major developments at Aurizona?

Equinox Gold is set to restart mining operations at the Aurizona Piaba pit, following a remediation of geotechnical challenges.

What is the significance of the Coringa project for Sandstorm?

The updated PEA from Serabi Gold plc suggests increased production estimates, inevitably benefiting Sandstorm's royalty income.

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