Gualcamayo

Yamana Gold Inc.

PHOTOS
INFO

The Gualcamayo mine is an open pit and underground heap leach operation that reached commercial production in 2009. Gualcamayo consists of three substantial zones of gold mineralization called Quebrada del Diablo (QDD), Amelia Ines-Magdalena (AIM) and QDD Lower West. QDD has been identified as a sediment-hosted disseminated gold deposit while AIM is a sulphide-bearing skarn deposit containing copper, zinc and molybdenum with gold-arsenic mineralization. Porphyry style molybdenum mineralization also occurs at the project.

The process facility at Gualcamayo is designed to treat 24,000 tpd and includes a primary, secondary and tertiary crushing circuit. Gold recovery of approximately 60% is achieved using heap leaching and activated carbon in an ADR plant where gold doré is produced and sent to a refinery. The Gualcamayo mine produced approximately 164,000 ounces of gold in 2016 and Yamana has projected 145,000 ounces of production during the 2017 year (75,091 ounces were produced during the first half of 2017). The Dec. 31, 2016 Proven and Probable Reserves at Gualcamayo contain 754 kozs of gold in 18.2 Mt at a grade of 1.29 g/t (1 g/t cut-off).

Terms

Sandstorm has a 1.0% net smelter returns royalty on the Gulacamayo project. The royalty was previously owned by Premier Royalty Inc., a company that Sandstorm acquired in October 2013.

Key Streams & Royalties

DEVELOPMENT-STAGE
PRODUCING
ALL
Chapada | Yamana Gold Inc. Chapada | Yamana Gold Inc.
Black Fox | McEwen Mining Inc. Black Fox | McEwen Mining Inc.
Santa Elena | First Majestic Silver Corp. Santa Elena | First Majestic Silver Corp.
Bachelor Lake | Metanor Resources Inc. Bachelor Lake | Metanor Resources Inc.
Karma | Endeavour Mining Corporation Karma | Endeavour Mining Corporation
Cerro Moro | Yamana Gold Inc. Cerro Moro | Yamana Gold Inc.
Ming | Rambler Metals & Mining PLC Ming | Rambler Metals & Mining PLC
Hugo North Extension and Heruga | Entrée Resources Ltd. Hugo North Extension and Heruga | Entrée Resources Ltd.
Diavik | Rio Tinto plc Diavik | Rio Tinto plc
Hot Maden | Lidya Madencilik Hot Maden | Lidya Madencilik
Hackett River | Glencore plc Hackett River | Glencore plc
Lobo-Marte | Kinross Gold Corporation Lobo-Marte | Kinross Gold Corporation
Aurizona | Trek Mining Inc. Aurizona | Trek Mining Inc.
Bracemac-McLeod | Glencore plc Bracemac-McLeod | Glencore plc
Gualcamayo | Yamana Gold Inc. Gualcamayo | Yamana Gold Inc.
Emigrant Springs | Newmont Mining Corp. Emigrant Springs | Newmont Mining Corp.
Ağı Dağı and Kirazli | Alamos Gold Inc. Ağı Dağı and Kirazli | Alamos Gold Inc.
MWS | Anglogold Ashanti Limited MWS | Anglogold Ashanti Limited

Corporate Head Office

Suite 1400
400 Burrard Street
Vancouver, BC | V6C 3A6 Canada

604.689.0234
1.866.584.0234
604.689.7317

info@sandstormLTD.com
www.sandstormLTD.com

Investor Relations

Denver Harris

604.628.1178
1.866.584.0234 ext. 254

dharris@sandstormLTD.com
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