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Sandstorm Gold Royalties: Hod Maden Joint Venture to Invest Up to $100M to Advance Critical Path; Underpins Long-term Outlook
Sandstorm Gold Royalties: Hod Maden Joint Venture to Invest Up to $100M to Advance Critical Path;...
About this update from Silver Sands Resources Corp.
[{"type":"text","content":"\n\n\n\n Sandstorm Gold Royalties: Hod Maden Joint Venture to Invest Up to $100M to Advance Critical Path; Underpins Long-term Outlook\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.prntal{\nTEXT-ALIGN: LEFT\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 March 31, 2025\n \n\n /CNW/ - Sandstorm Gold Ltd. (\"Sandstorm Gold Royalties\", \"Sandstorm\" or the \"Company\") (NYSE: SAND) (TSX: SSL) is pleased to report that SSR Mining Inc. (\"SSR Mining\") has released its 2025 guidance, including anticipated capital expenditure for the Hod Maden gold-copper project in Türkiye. For 2025, the Hod Maden joint venture has approved early-works capital investments of approximately US$60–$100 million (on a 100% basis), which is in addition to the reported\n \n US$42 million\n \n in development costs incurred at the project in 2024. To date, technical work continues to affirm prior due diligence outcomes and SSR Mining continues infill drilling with an aim of de-risking the initial years of the mine. The focus of 2025 activities will be on advancing the project's critical path items—principally, road and tunnel construction. An initial exploration program focused on potential extension of the existing deposit and defining new targets is also planned for 2025. In addition to these development activities, SSR Mining is expected to continue the process of securing project financing for Hod Maden as it advances the asset towards a final investment decision. Based on the continued progress of these critical path early-works initiatives, Sandstorm maintains its forecast for first production at Hod Maden in 2028.\n \n\n\n\n\n\n\n\n\n For more information, visit SSR Mining's website at\n \n www.ssrmining.com\n \n and refer to the press release dated\n \n March 31, 2025\n \n .\n \n\n Sandstorm has a 2.0% net smelter returns royalty and a gold stream on the Hod Maden project. Under the terms of the gold stream with Horizon Copper Corp., the Company has agreed to purchase 20% of all gold produced from Hod Maden (on a 100% basis) for ongoing per ounce p...