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&P | M&I1 | Inferred | |
|---|---|---|---|
| Robertson GEOs | 13 koz | 8 koz | 4 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
| Tonnage | Grade | Contained | ||
|---|---|---|---|---|
| Proven & Probable |  | 104.1 Mt | 1.05 g/t | 3,577 koz |
| Measured & Indicated1 | | 165.2 Mt | 1.01 g/t | 5,366 koz |
| Inferred | | 50.4 Mt | 0.60 g/t | 1,024 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.
