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.

Orea will proceed to construction once the required permits and authorizations are received.

Recent Activity

    September 2021

    The Montagne d’Or joint venture announced an optimized project design with significantly reduced environmental impact for the Montagne d’Or project. It is expected the optimized design will lead to a 32% reduction in surface footprint and an 80% reduction in estimated total equivalent C02 emissions. The large reduction in environmental impact is mainly driven by an alternate power generation solution, which will be an on-site hybrid power plant capable of 80% solar-based energy.

    December 2020

    Orea provided a corporate update in December 2020 stating that the engineering studies for committed project improvements and modifications for mine permitting are substantially complete, with final versions of the permitting dossiers to be produced in the first quarter of 2021.

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 250 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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