Where you are: Home / Streams and Royalties / Karma

Karma

Endeavour Mining Corporation

PHOTOS
INFO

Karma is a mesothermal, shear-hosted gold deposit. Production began in early 2016 from five open pits using conventional truck and shovel methods. The soft nature of the open pit ore and waste material allows the majority of the ore to be excavated without blasting, making it a low cost operation. Ore is processed with heap leaching and recoveries are averaging 90%. Endeavour Mining has forecasted 100 kozs to 110 kozs of gold production from Karma during 2017.

Karma hosts a target-rich landscape with the essential hallmarks of a multi-deposit environment. The property consists of six contiguous exploration permits (Goulagou, Rambo, Kao, Rounga, Youba, and Tougou) totaling more than 856 km2 and includes more than forty-five high-priority targets with high-grade rock values associated with gold-in-soil anomalies and historical workings that remain untested.

The Proven and Probable Reserves as of Dec. 2016 totaled 37.9 Mt of 0.92 g/t material for 1.1 Mozs of contained gold (cut-off grades are 0.2–0.5 g/t depending on oxide, transition and sulphide material).

Terms

Sandstorm has a gold stream agreement to purchase 25,000 ounces of gold over five years and 1.625% of the gold produced thereafter from the Karma Project. Sandstorm will make ongoing payments of 20% of the spot price of gold for each ounce purchased from Endeavour Mining. The stream was acquired in exchange for an upfront payment of US$25 million to True Gold Mining Inc. in August 2014. True Gold was acquired by Endeavour Mining in April 2016.

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
request more info