Equinox Gold Corp.




2009 / 05 / 15




Au ≤ $1,500 = 3.0% NSR,
Au $1,501 – $2,000 = 4.0% NSR,
Au > $2,000 = 5.0% NSR

The Aurizona Gold Project is located in Maranhão State in northern Brazil. Aurizona is an orogenic gold deposit hosted in a greenstone belt of the São Luis Craton. There are many mineralized bodies on the property but work to date has focused on the Piaba and Tatajuba deposits on which the current resource is based.

The Aurizona mine was an active open-pit operation from 2010 to 2015, producing approximately 329 kozs of gold at an average grade of 1.3 g/t. Ore was processed through a gravity and carbon-in-leach plant with gold recoveries averaging 88%.

A positive Pre-Feasibility Study was released in September 2021 for an expansion to the Aurizona mine through the development of an underground mine, which could be operated concurrently with the existing open-pit mine and is subject to Sandstorm’s 3%–5% sliding scale NSR. The assessment outlines total production of 1.5 Moz gold over an 11-year mine life and includes estimated Proven & Probable Mineral Reserves of 1.66 Moz gold (contained in 32.3 Mt at 1.6 g/t gold with a cut-off grade of 0.35–0.47 g/t for open-pit and 1.8 g/t gold for underground) with an expected average annual production of 137,000 ounces.

The Pre-Feasibility Study also includes an updated Mineral Resource estimate whereby the total Measured & Indicated Resources (exclusive of reserves) increased to an estimated 868,000 ounces contained in 18.1 Mt at 1.5 g/t gold (cut-off grade of 0.3 g/t for open pit and 1.0 g/t for underground resources).

Recent Activity

February 2023

Equinox Gold received permits for three portal locations for the exploration ramp in anticipation of underground development at Aurizona. Underground exploration drilling continues and the Feasibility Study for the underground expansion has advanced.

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.


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.


Annual Report

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


Sustainability Report

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