Mt. Hamilton

Waterton Global Resource Management LP




2012 / 06 / 11




2.4% NSR

The Mt. Hamilton property is located in the historic Mt. Hamilton mining district of central Nevada, near the southern end of the Battle Mountain gold trend. Two main zones of mineralization have been identified at the project, the Centennial and Seligman zones, which are epithermal gold and silver deposits.

A Feasibility Study was completed on the property in 2014 proposing a 10,000 tpd truck and shovel operation with ore being hauled from the pits to a primary crusher and gold and silver recovered by heap leaching and conventional ADR carbon-in-column processing. Gold recoveries are estimated to be 76% and silver recoveries 39%.

Once in operation, the mine will produce approximately 68,000 ounces of gold and 280,000 ounces of silver per year over a seven year mine life. Mt. Hamilton has an Aug. 2014 Proven and Probable Reserve of 22.5 Mt at 0.8 g/t gold and 6.8 g/t silver for 545,400 ounces of contained gold and 4,459,600 contained ounces of silver (0.2 g/t gold cut-off).

Under the royalty agreement, Sandstorm is guaranteed $10 million in cash flow, which was paid in 2023.

Recent Activity

June 2015

Waterton acquired Mt. Hamilton for US$30 million from Solitario Exploration & Royalty Corp. and Ely Gold & Minerals Inc. Waterton is a private equity firm and has acquired a number of Nevada projects with plans to create a Nevada focused mining company.

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 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.