Serra Pelada is a high grade gold-platinum-palladium deposit located in the mineral and mining prolific Carajas region in Para State, northern Brazil, and is operated by Colossus Minerals Inc. The existing infrastructure and accessibility to the site are excellent due to the close proximity of a number of major mines. During the 1980’s, Serra Pelada hosted the largest ever gold rush in Latin America with up to 80,000 artisanal miners producing 2 million ounces of gold, plus platinum and palladium, from a hand dug open pit.
SERRA PELADA ROYALTY
Sandstorm has a 1.6% net smelter returns royalty ("NSR") on the production from Serra Pelada. Sandstorm previously held a gold and platinum stream on the mine which was converted to the NSR and common shares during a restructuring of Colossus Minerals.