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Sandstorm Gold Royalties Completes Antamina Transaction with Horizon Copper and Provides Asset Updates
Sandstorm Gold Royalties Completes Antamina Transaction with Horizon Copper and Provides Asset Up...
About this update from Silver Sands Resources Corp.
[{"type":"text","content":"\n \n \n \n Sandstorm Gold Royalties Completes Antamina Transaction with Horizon Copper and Provides Asset Updates\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnpl17{\nPADDING-LEFT:1.17em\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 15, 2023\n \n \n /CNW/ - Sandstorm Gold Ltd. (\"Sandstorm Gold Royalties\", \"Sandstorm\" or the \"Company\") (NYSE: SAND) (TSX: SSL) is pleased to provide updates on various assets including the completion of the previously announced Antamina transaction with Horizon Copper Corp. (\"Horizon Copper\" or \"Horizon\") (TSXV: HCU).\n \n \n \n \n \n \n \n \n \n \n COMPLETION OF ANTAMINA TRANSACTION WITH HORIZON COPPER\n \n \n \n Sandstorm has completed the previously announced sale of its 1.66% net profits interest on the Antamina copper mine in\n \n Peru\n \n (the \"Antamina NPI\") to Horizon Copper. As consideration for the Antamina NPI, Horizon Copper provided to Sandstorm\n \n US$20 million\n \n in cash, a 1.66% life-of-mine silver stream referenced to silver production from Antamina (the \"Antamina Silver Stream\"), a secured long-term convertible note with a principal amount of\n \n US$149.1 million\n \n , and 2,329,849 common shares of Horizon, which maintains Sandstorm's 34% ownership of Horizon. Sandstorm also retained a residual royalty with payments equal to approximately one-third of the total Antamina NPI, after deducting the Antamina Silver Stream. With the close of the transaction, Horizon Copper is expected to commence trading on the TSX-V on\n \n June 21, 2023\n \n .\n \n \n For more details on the Antamina NPI transaction, see the Company's press release dated...