Producing

Serra Sul (Northern System)

Fe
Vale S.A.
Pará

,

Brazil

Acquisition:

2021 / 06 / 29

Agreement:

Royalty

Terms:

0.05% Net Sales

The Vale Northern System is comprised of three mine complexes: Serra Sul, Serra Norte, and Serra Leste. The system is located in the Pará state of Brazil and is fully integrated with mines, railroads, maritime terminals and a port. The mineralization is high-grade hematite ore with iron grades around 65%.

Production in the Northern System started in 1984 at the Serra Norte complex, which is currently expected to run through the late 2030s. Serra Sul started production in 2016 and is expected to produce through the late 2050s and Serra Leste began production in 2014 and is expected to produce through the late 2040s.

Production capacity is expected to increase to a long-term target of 260 Mt, which would be achieved via the approved expansion at Serra Sul and other growth projects.

The approved expansion at Serra Sul (the Serra Sul 120 Project) consists of increasing capacity at the S11D mine to a total of 120 Mt. The S11D mine is currently one of the largest iron ore mines in the world.

Recent Activity

    January 2024

    In 2023, the Northern System produced 172.9 Mt of iron ore.

    November 2022

    Vale announced the start-up of the Sol do Cerrado solar project, one of the largest solar farms in Latin America with installed capacity of 766 megawatts and enough electricity to meet the needs of 800,000 people. The solar project will provide energy to Vale’s Brazil projects and is expected to ramp up until July 2023.

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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