Sandstorm Gold Ltd. has agreed to purchase an existing 2% net smelter returns royalty (NSR Royalty) on the Houndé gold mine in Burkina Faso, operated by Endeavour Mining Corp., which is owned by Acacia Mining, for US$45 million. The NSR Royalty will cover the Kari North and Kari South tenements, representing about 500 square kilometers of the property. Nearly the entire Houndé mineral reserve of 2.1 million ounces (oz) is located on those tenements, including the Vindaloo deposit and most of the Bouéré deposit. The NSR Royalty acquisition is expected to close in January.
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