Development

Gold Bar (Cabin Creek)

Au
McEwen Mining Inc.
Nevada

,

USA

Acquisition:

2016 / 01 / 19

Agreement:

Royalty

Terms:

10.0% NPI

The Gold Bar property is located at the southeastern end of the Battle Mountain-Eureka-Cortez gold trend in Eureka County, Nevada. Within the property there are three defined gold deposits; Gold Pick, Gold Ridge, and Cabin Creek. The mineralization is similar for all three deposits and lies within 150 metres of surface, hosted in carbonate-rich sedimentary rocks of the Devonian McColley Canyon Formation. Gold Ridge and Cabin Creek are ancillary deposits and together comprise approximately 22% of the mineral resource. Sandstorm’s royalty covers the bulk of the mineral resource at Cabin Creek.

McEwen Mining announced an updated Feasibility Study in March 2022 and key results included average annual gold production anticipated to be 44,150 oz at a cash operating cost of $1,197/oz. Updated Proven and Probable Reserves are 15.5 million tons at a gold grade of 0.82 g/tn containing 260,200 oz of gold (based on a variable cut-off grade). Production is planned over seven years. In addition, an updated exclusive Indicated Mineral Resource Estimate consists of 82,400 oz of gold contained in 14.8 million tons with an average grade of 0.056 oz/tn (1.9 g/tn) and 44,400 oz of Inferred Mineral Resources contained in 19.5 million tons with an average grade of 0.02 oz/tn (0.79 g/tn). Resources are based on variable cut-off grades.

Recent Activity

April 2022

The 2022 exploration program at Gold Bar is following up on mineralized trends in and around the Pick Pit, and on exploration opportunities around the nearby Atlas property that was acquired in 2020.

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 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 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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