BASE METALS

Sandstorm to exchange Hod Maden interest for US$200M gold stream

Royalty North Partners has signed an LOI to acquire Sandstorm Gold’s 30% interest in the Hod Maden copper project in Turkey and other assets, in exchange for a giving Sandstorm a US$200 million gold stream on Hod Maden, together with equity and debt consideration. Upon completion of the transaction, Royalty North will change its name to Horizon Copper.

Hod Maden in Turkey

Hod Maden in Turkey

Sandstorm said the proposed transaction sees it take steps to repositioning itself as a pure-play precious metals streaming and royalty company, while still retaining long-term exposure to the robust economics...

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