Sandstorm Gold .(US:SAND) Prnewswire·2024-09-05 20:20Core Viewpoint - Sandstorm Gold Ltd. is providing updates on key development projects within its diversified portfolio of streaming and royalty assets, highlighting significant milestones and production ramp-ups at various mines [1]. Group 1: Greenstone Gold Mine - Equinox Gold Corp. officially opened its 100% owned Greenstone mine in Ontario on August 29, 2024, marking it as a cornerstone asset and one of Canada's largest and lowest-cost gold producers [2][3]. - The Greenstone mine began construction in October 2021, poured its first gold in May 2024, and ramped up production, achieving approximately 2,625 ounces in May, 13,625 ounces in June, and 19,750 ounces in July [3]. - Sandstorm holds a gold stream on the Greenstone mine, allowing it to purchase 2.375% of gold produced until 120,333 ounces are delivered, then 1.583% thereafter, with ongoing payments equal to 20% of the spot price of gold plus up to US$30 per ounce in ESG contributions [4]. Group 2: Platreef Project - Ivanhoe Mines Ltd. reported the completion of the Phase 1 concentrator at its Platreef PGM mine in South Africa, which is now in cold commissioning and will be on care and maintenance until the second half of 2025 [5][6]. - Construction of Shaft 2, critical for the Phase 3 expansion, is progressing well, with headgear approximately 60% complete and sinking expected to commence in Q1 2025 [6]. - Sandstorm holds a gold stream on the Platreef project, allowing it to purchase 37.5% of payable gold produced until 131,250 ounces are delivered, then 30% until 256,980 ounces, and 1.875% thereafter, with ongoing cash payments of US$100 per ounce until 256,980 ounces are delivered [8]. Group 3: Woodlawn Project - Develop Global Limited secured a US$65 million prepayment/loan facility for its Woodlawn copper-zinc mine, increasing the project's net present value by 11% to A$728 million and forecasting a pre-tax free cash flow of A$1.1 billion over a 10-year mine plan [9]. - Sandstorm has a silver stream on the Woodlawn project, allowing it to receive silver equal to 80% of payable silver produced, up to a maximum value of A$27 million, and an additional stream for tailings ore processed [11]. Group 4: Bayan Khundii Project - Erdene Resource Development Corp. reported 30% construction completion at the Bayan Khundii gold project in Mongolia, with first gold production anticipated in mid-2025 [12]. - Exploration efforts in the Khundii Minerals District have identified new gold targets, with drilling underway to expand the resource base [13]. - Sandstorm holds a 1.0% net smelter returns royalty on the Bayan Khundii project [14]. Group 5: Côte d'Ivoire Assets - Allied Gold Corporation closed US$53 million in stream financing for its Côte d'Ivoire Complex, allocating US$16.5 million in 2024 to advance high-priority targets [15][17]. - Sandstorm amended its Bonikro gold stream to ensure minimum annual deliveries of 4,000–6,000 ounces from 2024 to 2026 [17].