Greenstone Gold Mine
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- Опубліковано 16 січ 2024
- The Greenstone Gold Mine is located in Northern Ontario, Canada approximately 275km from the city of Thunder Bay. Once in production, Greenstone will be one of the largest open-pit gold mines in Canada, and be a significant contributor to Sandstorm's annual gold equivalent production.
Learn more about Sandstorm's key development assets at www.sandstormgold.com/future-...
Sandstorm holds a gold stream on the Greenstone project pursuant to an agreement with an affiliate of Orion Mine Finance, who holds a 40% interest in the Greenstone project. Under the terms of the gold stream, Sandstorm is entitled to purchase from Orion 2.375% of the gold produced at the project (calculated on a 100% basis but payable from Orion’s 40% interest) until 120,333 ounces are delivered, then 1.583% of gold produced thereafter. Sandstorm will make ongoing payments to Orion equal to 20% of the spot price of gold per ounce plus an additional payment of up to $30 per ounce in ESG contributions. Visit www.sandstormgold.com/portfol... for more information.
Perhaps 15 to 20 million in Greenstone royalties first full year production @ $2,000 USD gold. Maybe even as much as 23 million @ $2,500 USD gold. Ither way that's an increase in total revenue by over 10% easy. I added shares at sub $4.
We’re gonna need better background music to really make this investment perform
Sad to see when GGM not holding up their end of the deal by hiring locals. The majority of the ppl working there are from out of town.
Gold is dying
not really
Lol. Gain in price is 20% last 2 yrd
Bitcoin Kool Aid drinker. Definitely not diversified at all. Non G7 central banks don't buy Bitcoin with their foreign exchange reserves and trade surpluses
Squeezed out of colliding neutron stars. Wow.
next 5-10 years will be the best time to own gold especially gold miner, you will regret it if you are not owning gold!