Producing

Sossego

Au
Cu
Vale S.A.
Pará

,

Brazil

Acquisition:

2021 / 06 / 29

Agreement:

Royalty

Terms:

0.03% Net Sales

The Sossego Mine Complex consists of two open-pit mines, Sossego and Sequeirinho, located in the Carajás region in the southeastern portion of Pará State in Brazil. Access to the Sossego Mine Complex is via a bitumen road from the township of Parauapebas. Sossego was the first copper project taken into operation by Vale and has been producing copper concentrate since 2004.

The Sossego deposit is associated with a 10 km regional structural shear zone striking northeast to southeast and dipping steeply to the south. A series of copper gold deposits are associated with this structure. The Sossego deposit has been divided into four main zones, from west to east areas: Pista, Sequerinho, Baiano and Sossego Hill of which, the Sequeirinho deposit is the most important in terms of size.

Copper ore is mined using the open-pit method, and the run-of-mine is processed by means of standard primary crushing and conveying, SAG milling, ball milling, copper concentrate flotation, tailings disposal, concentrate thickening, filtration and load out.

In 2020, the Sossego mine produced 87,700 tonnes of copper and Vale reported an updated reserves estimate for Sossego totaling 98.3 million tonnes grading 0.69% copper and 0.19 g/t gold as of December 31, 2020.

Recent Activity

    January 2023

    In 2022, Sossego produced 43,200 tonnes of copper. Production was affected by extended maintenance at Sossego mill during the year.

    November 2022

    Vale announced the start-up of the Sol do Cerrado solar project, one of the largest solar farms in Latin America with installed capacity of 766 megawatts and enough electricity to meet the needs of 800,000 people. The solar project will provide energy to Vale’s Brazil projects and is expected to ramp up until July 2023.

Use the link below to browse a list of available technical reports for the projects within Sandstorm’s portfolio. For the most up-to-date information on each project, please refer to the project operator or developer.

Investor Presentation

Download the latest Investor Presentation to learn why Sandstorm is a gold investment that stands out from the rest.

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Asset Handbook

With 250 royalties acquired since 2009, we offer an exciting investment opportunity in a diverse portfolio of royalty assets. Discover all of Sandstorm’s royalties around the globe.

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Annual Report

Our 2023 Annual Report includes our annual Financial Statements and Management Discussion & Analysis and a letter from Sandstorm’s President & CEO.

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Sustainability Report

Learn more about Sandstorm’s approach to sustainability including our due diligence process, mining partnerships, and employee engagement.

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