Published on 29 May 2024 on Zacks via Yahoo Finance
Sandstorm Gold's (SAND) Royalties Gives Updates on Assets
Sandstorm Gold Ltd. SAND announced updates on various developments of its diversified royalty portfolio.
First Gold Pour at Greenstone Mine
Sandstorm has a gold stream at the Greenstone mine, which is located in Ontario, Canada, and is fully owned by Equinox Gold Corp. EQX. Per the streaming agreement, SAND can buy 2.375% of the gold produced until 120,333 ounces are delivered, after which it can buy 1.583% of the gold produced.EQX announced that the first gold pour was achieved at the Greenstone mine on schedule, producing 1,800 ounces of gold from the full recovery circuit. Greenstone has been designed to be one of the world's low-cost open-pit gold mines.