Development

Robertson (Cortez Complex)

Robertson is located approximately 100 km southwest of Elko, Nevada and at the north end of the Cortez District. The royalty was acquired as part of Sandstorm’s acquisition of Nomad Royalty Company Ltd. in 2022.

Commodity
Ag
Au
Location
Nevada

,

USA
Operator
Barrick Mining Corporation

Acquisition:

2022 / 08 / 15

Agreement:

Royalty

Terms:

1.0%–2.25% NSR

Sliding scale dependent on the average quarterly gold price

Development Highlights

The Robertson project is owned by Nevada Gold Mines (NGM), a joint venture between Barrick Mining Corporation (61.5%) and Newmont Corporation (38.5%).

The property is located in one of the most highly mineralized areas of ground within the Battle Mountain-Eureka Gold Trend in Nevada. It is located less than 10 km east of the Pipeline/Cortez Mine Complex, a well-known mining district that hosts NGM gold production from the operating Pipeline and Cortez mines. Mineralization at Robertson occurs as fine-grain particulate free gold hosted in contact-metamorphosed sedimentary rocks and intrusive rocks.

The project is being qualified by NGM as an emerging “Tier Two” gold asset which NGM defines as having reserve potential to deliver a minimum 10-year life, annual production of at least 250,000 ounces of gold and total cash costs per ounce of gold over the mine life that are in the lower half of the industry cost curve. Barrick expects first production at Robertson to occur in 2027, subject to permitting.

On November 15, 2024, the U.S. Bureau of Land Management filed a positive Record of Decision for the Robertson mine, following publication of the project’s Final Environmental Impact Statement and public review period.

Royalty Ounces

Attributable to Sandstorm

P&PM&I1Inferred
Robertson GEOs13 koz8 koz4 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 & Probable104.1 Mt1.05 g/t3,577 koz
Measured & Indicated1165.2 Mt1.01 g/t5,366 koz
Inferred50.4 Mt0.60 g/t1,024 koz

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.

Recent Activity

November 2024

Robertson has received approval of its Environmental Impact Statement from the U.S. Department of the Interior Bureau of Land Management, an important milestone in the advancement of the project.

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 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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