Sandstorm Gold Royalties Portfolio Updates; Platreef Expansion Studies, FDN Resource Growth, Argentine Project Advancements

Core Viewpoint - Sandstorm Gold Ltd. provides updates on its diversified stream and royalty portfolio, highlighting significant developments in its associated mining projects and the overall investment landscape in the mining sector [1]. Group 1: Lundin Gold - Fruta del Norte Mine - Lundin Gold reported a 59% increase in Inferred Resources at the Fruta del Norte mine, totaling 2.36 million ounces of contained gold at an average grade of 5.27 g/t [2]. - Measured and Indicated Resources increased to 7.06 million ounces from 30.62 million tonnes at an average grade of 7.17 g/t, while Proven and Probable Mineral Reserves grew to 5.54 million ounces from 22.06 million tonnes at an average grade of 7.81 g/t [2]. - Lundin Gold expects production in 2025 to be between 475,000 and 520,000 ounces at an average head grade of 9.2 g/t [2]. Group 2: Ivanhoe Mines - Platreef Mine - Ivanhoe Mines announced positive results from studies on the Platreef mine, targeting Phase 1 production in late 2025 and Phase 2 expansion in late 2027 [4]. - The Phase 1 concentrator is expected to process 770,000 tonnes per annum, with annualized gold production averaging approximately 6,900 ounces initially, increasing to about 29,000 ounces with Phase 2 [4]. - The Feasibility Study estimates an after-tax NPV (8%) of $1.4 billion and an IRR of 20$200 million [9]. - Minas Argentinas SA submitted a $1 billion investment plan under RIGI for the Gualcamayo Deep Carbonates Project, expected to yield approximately 120,000 ounces of gold annually for at least 17 years [10]. - Glencore plans to submit a RIGI application for the MARA copper-gold project, with an estimated production of approximately 200,000 tonnes of copper equivalent per year [12]. Group 4: Sandstorm Gold Royalties - Sandstorm holds a 0.9% net smelter returns (NSR) royalty on the precious metals produced at the Fruta del Norte mine [3]. - The company has a gold stream on the Platreef mine, allowing it to purchase 37.5% of payable gold produced until 131,250 ounces are delivered, then 30% until 256,980 ounces are reached [7]. - Sandstorm anticipates annual average gold deliveries of 1,000–2,000 ounces during Phase 1 of Platreef, increasing to 10,000 ounces with Phase 2 production [8].