The Mine Waste Solutions tailings recovery operation (“MWS”) is located near Stilfontein, South Africa, and is owned and operated by AngloGold Ashanti Ltd. MWS is a gold and uranium tailings recovery operation that processes multiple tailings dumps through three production modules, the last of which was commissioned in 2011. It also includes a modern tailings storage facility approximately 15 kilometres from the gold plant modules where residues from the treatment plants are deposited. MWS is expected to produce approximately 80,000 ounces of gold per year.
Sandstorm has a 1% net smelter returns royalty on MWS. The royalty was previously owned by Premier Royalty Inc., a company that Sandstorm acquired in October, 2013.