Producing

Galena

Ag
Cu
Pb
Americas Gold and Silver Corporation
Idaho

,

USA

Acquisition:

2023 / 04 / 12

Agreement:

Royalty

Terms:

2.5% NSR until US$4M paid back; then

0.2% NSR thereafter

The Galena property is located in Idaho, USA, in the eastern part of the Coeur d’Alene Mining district, which is one of the pre-eminent silver, lead, and zinc producing areas in the world. The property consists of the Galena mine and facilities, the Coeur mine and processing plant (currently on care and maintenance), and the Caladay exploration property. Galena has been the focus of ongoing investment, with a multi-year Recapitalization Plan that was initiated in October 2019 and expected to conclude with commissioning of the Galena Hoist in 2023. Americas Gold and Silver owns 60% of the property and is the operator.

At Galena, silver-copper and silver-lead mineralization occur in steeply dipping fissure filling veins and in wide disseminated zones. The veins generally strike east-west and northeast-southwest, and range in thickness from a few inches (0.2 m) to more than 15 feet (4.5 m).

As of June 30, 2022, on an attributable basis estimated contained metal in the Proven and Probable Mineral Reserve category at Galena totalled 12.5 Moz of silver, 96.8 Mlbs of lead, and 5.4 Mlbs of copper contained in three blended reserve-types including 1.0 Mt at 397 g/t silver; 0.6 Mt at 7.0% lead, and 0.35 Mt at 0.70% copper. Estimated contained metal in the Measured and Indicated Mineral Resource category totalled 46.4 Moz of silver, 425.5 Mlbs of lead, and 11.6 Mlbs of copper, exclusive of Mineral Reserves contained in multiple resource types including 3.5 Mt at 413 g/t silver; 2.5 Mt at 7.8% lead, and 1.0 Mt at 0.52% copper (based on variable cut-off grades). For additional information, visit www.americas-gold.com.

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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