Development

Corani

The Corani property is located in the district of Corani, province of Carabaya in the Department of Puno, Peru.

Commodity
Ag
Pb
Zn
Location
Puno

,

Peru
Operator
Bear Creek Mining Corp.

Acquisition:

2024 / 01 / 22

Agreement:

Royalty

Terms:

1.0% NSR

Development Highlights

The Corani project hosts one of the largest fully permitted silver-polymetallic deposits in the world. The project site is in the Andes Mountains, in a region where the mineralization occurs in a low to intermediate sulfidation epithermal system. Silver, lead, and zinc mineralization is hosted in stockworks, breccia veins, and fractures. 

Historical mining and exploration activities have been carried out in the vicinity of the project site. Bear Creek began exploring Corani in early 2005. Exploration focused on drilling, and other exploration activities by the company included detailed geologic mapping, trenching, and geophysical surveys. From 2005 to 2019, Bear Creek completed approximately 101,400 metres of drilling at Corani. 

Production is planned from three open pits—the Este, Minas and Main pits with processing capacity of 27,000 tonnes per day. Corani is anticipated to have an average annual payable metal production of 9.6 Moz Ag, 98 Mlb Pb and 69 Mlb Zn over a 15-year mine life.  

Bear Creek has received the approval and permits required to develop and construct the proposed Corani mine. 

Royalty Ounces

Attributable to Sandstorm

P&PM&I1Inferred
Corani GEOs31 koz11 koz10 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

TonnageGradeContained
Proven & Probable
Silver138.6 Mt51.3 g/t228,600 koz
Zinc138.6 Mt0.55%1,694 mlbs
Lead138.6 Mt0.90%2,742 mlbs
Measured & Indicated1
Silver238.6 Mt42.1 g/t322,700 koz
Zinc238.6 Mt0.44%2,313 mlbs
Lead238.6 Mt0.66%3,466 mlbs
Inferred
Silver73.2 Mt35.5 g/t83,500 koz
Zinc73.2 Mt0.30%484 mlbs
Lead73.2 Mt0.40%641 mlbs

1. Measured and Indicated Mineral Resources are Inclusive of Mineral Reserves.

For notes to Mineral Reserves and Mineral Resources see page 118 of our Asset Handbook.

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

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Asset Handbook

With over 230 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 2024 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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