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Sandstorm Gold Royalties Provides Updates on Key Development Projects
Sandstorm Gold Royalties Provides Updates on Key Development Projects Canada NewsWire ...
About this update from Silver Sands Resources Corp.
[{"type":"text","content":"\n \n \n \n Sandstorm Gold Royalties Provides Updates on Key Development Projects\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.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: RIGHT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\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 May 8, 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 certain development assets including SSR Mining's acquisition of an operating interest in the Hod Maden gold-copper project.\n \n \n \n \n \n \n \n \n \n SSR MINING TO ACQUIRE OPERATING INTEREST IN HOD MADEN\n \n \n SSR Mining Inc. (\"SSR Mining\"), a leading diversified gold company, has reached an agreement with Lidya Madencilik (\"Lidya\"), to acquire up to a 40% interest in the Hod Maden gold-copper project in Türkiye (\"Hod Maden\"), and assume operational control of the asset upon closing of the transaction. SSR Mining will pay cash consideration of\n \n US$270 million\n \n (the \"Transaction\") as follows:\n \n \n \n \n US$120 million\n \n in cash paid on closing for a 10% interest in Hod Maden;\n \n \n \n US$150 million\n \n in earn-in structured cash milestone payments, linked to construction and commercial production milestones at Hod Maden, to acquire an additional 30% interest in the project.\n \n \n \n In addition, SSR Mining will pay\n \n US$84 million\n \n to Lidya in the form of a contingent Mineral Reserve and Resource payment upon discovery of an additional 500,000 ounces of gold equivalent Reserves\n \n 1\n \n at Hod Maden beyond those currently identified as Mineral Reserves and M...