Acquisition Date
2022 / 08 / 15
Agreement:
Stream
Terms:
until 300 koz delivered
10% Au until 16 koz delivered each year,
5% thereafter
after 300 koz delivered
0.5% Au on first 100 koz per year until cumulative 10.32 Moz have been produced
Ongoing Payment:
$572/oz
Development Highlights
The Blyvoor Gold mine is an underground operation in the Witwatersrand gold belt, situated in a prolific gold mining area within the Carletonville Goldfield. The region hosts a number of well-established gold mines and is well serviced by all amenities.
Production commenced at the Blyvoor mine in 1942. In February 2024, an updated Technical Report was filed on the Blyvoor mine and the report outlined a 34-year mine life. The processing plant has a capacity of 40 ktpm.
Royalty Ounces
Attributable to Sandstorm
| P&P | M&I1 | Inferred | |
|---|---|---|---|
| Blyvoor GEOs | 312 koz | 10 koz | 39 koz |
1. Measured and Indicated Mineral Resources are Exclusive of Mineral Reserves.
For notes to Royalty Ounces see page 109 to page 112 of our Asset Handbook.
Reserves and Resources
On a 100% Basis
| Tonnage | Grade | Contained | ||
|---|---|---|---|---|
| Proven & Probable |  | 28.8 Mt | 5.54 g/t | 5,140 koz |
| Measured & Indicated1 | | 14.0 Mt | 4.50 g/t | 2,020 koz |
| Inferred | | 58.8 Mt | 4.40 g/t | 8,320 koz |
1. Measured and Indicated Mineral Resources are Exclusive of Mineral Reserves.
For notes to Mineral Reserves and Mineral Resources see page 118 of our Asset Handbook.
Recent Activity
March 2024
The group of mining companies that operate the Blyvoor gold mine in South Africa along with Rigel Resource Acquisition Corp. have entered into a definitive business combination agreement and financing agreement and that is expected to result in a publicly traded company expected to be named Aurous Resources. Net proceeds from the Aurous Transaction will enable the company to continue to invest in improvements designed to accelerate production growth and lower operating costs at the Blyvoor mine.
