Development

Montagne d’Or

Au
Orea Mining Corp.
Saint-Laurent-du-Maroni

,

French Guiana

Acquisition:

2013 / 05 / 17

Agreement:

Royalty

Terms:

1.0% NSR

The Montagne d’Or project is located in northwest French Guiana 180 km west of the capital, Cayenne. The project occurs within the Guiana Gold Belt, which stretches from western Venezuela eastward through Guyana, Suriname, French Guiana and into Brazil.

Montagne d’Or is a volcanogenic gold deposit that is expected to be mined by open pit with a gravity and carbon-in-leach plant to extract the gold.

A Feasibility Study was completed in March of 2017 and estimated initial capital costs to be $535 million for a project with life of mine gold production of 2.57 Mozs over 12 years. The mine life is supported by September 2016 Proven and Probable Reserves of 54.1 Mt grading 1.6 g/t gold (0.4 g/t cut-off). The mine is expected to recover 94% of the gold on average.

Recent Activity

February 2024

Orea announced it has commenced wind-up activities for the company as it has exhausted all options to advance the development of the Montagne d’Or project.

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 over 230 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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