Sandstorm Gold .(US:SAND)2025-03-31 21:11Royalty and Production - Sandstorm Gold Royalties has a 30% net smelter returns royalty and a gold stream on the Hod Maden project, agreeing to purchase 30% of all gold produced for ongoing payments equal to 20% of the spot price of gold until 1,000,000 ounces are delivered[3]. - The company holds a portfolio of 230 royalties, with 40 of the underlying mines currently producing[8]. - Sandstorm plans to grow and diversify its low-cost production profile through the acquisition of additional gold royalties[8]. Hod Maden Project - The Hod Maden joint venture has approved early-works capital investments of approximately US$30-50 million for 2025, in addition to US$10 million in development costs incurred in 2024[1]. - The focus of 2025 activities will be on advancing critical path items, primarily road and tunnel construction, along with an initial exploration program to define new targets[1]. - Sandstorm maintains its forecast for first production at Hod Maden in 2026 based on the progress of early-works initiatives[1]. Financial Reporting and Risks - The financial information is prepared in accordance with International Financial Reporting Standards, which may differ from US GAAP[9]. - Forward-looking statements include expectations regarding capital expenditures and development activity at Hod Maden, as well as anticipated project financing[14]. - The company cautions that actual results may differ materially from forward-looking statements due to various risks and uncertainties[16]. - Sandstorm filed its Form 40-F for the year ended December 31, 2024, with the Securities and Exchange Commission, available on EDGAR[4].