sand-20241231000143461412/31/20242024FALSE12/31FY0.55iso4217:USDiso4217:USDxbrli:sharesxbrli:sharesxbrli:pureutr:oziso4217:USDutr:oziso4217:CADxbrli:sharesiso4217:USDsand:per_Oziso4217:USDsand:per_lbsand:royaltyutr:lbutr:msand:uS_Dollar_Per_Poundiso4217:AUD00014346142024-01-012024-12-3100014346142024-12-3100014346142023-12-310001434614sand:RevenueFromSaleOfGoodsMember2024-01-012024-12-310001434614sand:RevenueFromSaleOfGoodsMember2023-01-012023-12-310001434614sand:RoyaltyRevenueMember2024-01-012024-12-310001434614sand:RoyaltyRevenueMember2023-01-012023-12-3100014346142023-01-012023-12-3100014346142022-12-310001434614ifrs-full:IssuedCapitalMember2022-12-310001434614ifrs-full:ReserveOfSharebasedPaymentsMember2022-12-310001434614ifrs-full:RetainedEarningsMember2022-12-310001434614ifrs-full:AccumulatedOtherComprehensiveIncomeMember2022-12-310001434614ifrs-full:EquityAttributableToOwnersOfParentMember2022-12-310001434614ifrs-full:NoncontrollingInterestsMember2022-12-310001434614ifrs-full:IssuedCapitalMember2023-01-012023-12-310001434614ifrs-full:ReserveOfSharebasedPaymentsMember2023-01-012023-12-310001434614ifrs-full:EquityAttributableToOwnersOfParentMember2023-01-012023-12-310001434614ifrs-full:RetainedEarningsMember2023-01-012023-12-310001434614ifrs-full:NoncontrollingInterestsMember2023-01-012023-12-310001434614ifrs-full:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-12-310001434614ifrs-full:IssuedCapitalMember2023-12-310001434614ifrs-full:ReserveOfSharebasedPaymentsMember2023-12-310001434614ifrs-full:RetainedEarningsMember2023-12-310001434614ifrs-full:AccumulatedOtherComprehensiveIncomeMember2023-12-310001434614ifrs-full:EquityAttributableToOwnersOfParentMember2023-12-310001434614ifrs-full:NoncontrollingInterestsMember2023-12-310001434614ifrs-full:IssuedCapitalMember2024-01-012024-12-310001434614ifrs-full:ReserveOfSharebasedPaymentsMember2024-01-012024-12-310001434614ifrs-full:EquityAttributableToOwnersOfParentMember2024-01-012024-12-310001434614ifrs-full:RetainedEarningsMember2024-01-012024-12-310001434614ifrs-full:NoncontrollingInterestsMember2024-01-012024-12-310001434614ifrs-full:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-12-310001434614ifrs-full:IssuedCapitalMember2024-12-310001434614ifrs-full:ReserveOfSharebasedPaymentsMember2024-12-310001434614ifrs-full:RetainedEarningsMember2024-12-310001434614ifrs-full:AccumulatedOtherComprehensiveIncomeMember2024-12-310001434614ifrs-full:EquityAttributableToOwnersOfParentMember2024-12-310001434614ifrs-full:NoncontrollingInterestsMember2024-12-310001434614sand:CompaniaMineraCaseronesCMCMember2024-01-012024-12-310001434614sand:CompaniaMineraCaseronesCMCMember2024-12-310001434614ifrs-full:DebtSecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614ifrs-full:Level1OfFairValueHierarchyMemberifrs-full:DebtSecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614ifrs-full:Level2OfFairValueHierarchyMemberifrs-full:DebtSecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:DebtSecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614ifrs-full:OtherEquitySecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614ifrs-full:Level1OfFairValueHierarchyMemberifrs-full:OtherEquitySecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614ifrs-full:Level2OfFairValueHierarchyMemberifrs-full:OtherEquitySecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:OtherEquitySecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614sand:WarrantsAndOtherMemberifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614ifrs-full:Level1OfFairValueHierarchyMembersand:WarrantsAndOtherMemberifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614ifrs-full:Level2OfFairValueHierarchyMembersand:WarrantsAndOtherMemberifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614ifrs-full:Level3OfFairValueHierarchyMembersand:WarrantsAndOtherMemberifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614ifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614ifrs-full:Level1OfFairValueHierarchyMemberifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614ifrs-full:Level2OfFairValueHierarchyMemberifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:RecurringFairValueMeasurementMember2024-12-310001434614ifrs-full:DebtSecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614ifrs-full:Level1OfFairValueHierarchyMemberifrs-full:DebtSecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614ifrs-full:Level2OfFairValueHierarchyMemberifrs-full:DebtSecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:DebtSecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614ifrs-full:OtherEquitySecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614ifrs-full:Level1OfFairValueHierarchyMemberifrs-full:OtherEquitySecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614ifrs-full:Level2OfFairValueHierarchyMemberifrs-full:OtherEquitySecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:OtherEquitySecuritiesMemberifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614sand:WarrantsAndOtherMemberifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614ifrs-full:Level1OfFairValueHierarchyMembersand:WarrantsAndOtherMemberifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614ifrs-full:Level2OfFairValueHierarchyMembersand:WarrantsAndOtherMemberifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614ifrs-full:Level3OfFairValueHierarchyMembersand:WarrantsAndOtherMemberifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614ifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614ifrs-full:Level1OfFairValueHierarchyMemberifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614ifrs-full:Level2OfFairValueHierarchyMemberifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:RecurringFairValueMeasurementMember2023-12-310001434614ifrs-full:LiquidityRiskMember2024-12-310001434614ifrs-full:LiquidityRiskMember2023-12-310001434614sand:EquitySecuritiesWarrantsOtherDebtSecuritiesAndLoansReceivableMemberifrs-full:LiquidityRiskMember2024-12-310001434614sand:EquitySecuritiesWarrantsOtherDebtSecuritiesAndLoansReceivableMemberifrs-full:LiquidityRiskMember2023-12-310001434614ifrs-full:FloatingInterestRateMemberifrs-full:InterestRateRiskMember2024-01-012024-12-310001434614ifrs-full:CurrencyRiskMember2024-01-012024-12-310001434614ifrs-full:OtherPriceRiskMember2024-01-012024-12-310001434614country:PEsand:AntaminaSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:PEsand:AntaminaSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:PEsand:AntaminaSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:PEsand:AntaminaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:PEsand:AntaminaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:PEsand:AntaminaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:PEsand:AntaminaSegmentMember2024-12-310001434614country:BRsand:AurizonaSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:BRsand:AurizonaSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:BRsand:AurizonaSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:BRsand:AurizonaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:BRsand:AurizonaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:BRsand:AurizonaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:BRsand:AurizonaSegmentMember2024-12-310001434614country:ZAsand:BlyvoorSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:ZAsand:BlyvoorSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:ZAsand:BlyvoorSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:ZAsand:BlyvoorSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:ZAsand:BlyvoorSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:ZAsand:BlyvoorSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:ZAsand:BlyvoorSegmentMember2024-12-310001434614country:CIsand:BonikroSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:CIsand:BonikroSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:CIsand:BonikroSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:CIsand:BonikroSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:CIsand:BonikroSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:CIsand:BonikroSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:CIsand:BonikroSegmentMember2024-12-310001434614country:CLsand:CaseronesSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:CLsand:CaseronesSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:CLsand:CaseronesSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:CLsand:CaseronesSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:CLsand:CaseronesSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:CLsand:CaseronesSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:CLsand:CaseronesSegmentMember2024-12-310001434614country:ARsand:CerroMoroSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:ARsand:CerroMoroSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:ARsand:CerroMoroSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:ARsand:CerroMoroSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:ARsand:CerroMoroSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:ARsand:CerroMoroSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:ARsand:CerroMoroSegmentMember2024-12-310001434614country:BRsand:ChapadaSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:BRsand:ChapadaSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:BRsand:ChapadaSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:BRsand:ChapadaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:BRsand:ChapadaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:BRsand:ChapadaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:BRsand:ChapadaSegmentMember2024-12-310001434614country:ECsand:FrutaDelNorteSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:ECsand:FrutaDelNorteSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:ECsand:FrutaDelNorteSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:ECsand:FrutaDelNorteSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:ECsand:FrutaDelNorteSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:ECsand:FrutaDelNorteSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:ECsand:FrutaDelNorteSegmentMember2024-12-310001434614country:CAsand:GreenstoneSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:CAsand:GreenstoneSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:CAsand:GreenstoneSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:CAsand:GreenstoneSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:CAsand:GreenstoneSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:CAsand:GreenstoneSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:CAsand:GreenstoneSegmentMember2024-12-310001434614country:TRsand:HodMadenSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:TRsand:HodMadenSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:TRsand:HodMadenSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:TRsand:HodMadenSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:TRsand:HodMadenSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:TRsand:HodMadenSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:TRsand:HodMadenSegmentMember2024-12-310001434614country:CAsand:Horne5SegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:CAsand:Horne5SegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:CAsand:Horne5SegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:CAsand:Horne5SegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:CAsand:Horne5SegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:CAsand:Horne5SegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:CAsand:Horne5SegmentMember2024-12-310001434614country:BFsand:HoundeSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:BFsand:HoundeSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:BFsand:HoundeSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:BFsand:HoundeSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:BFsand:HoundeSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:BFsand:HoundeSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:BFsand:HoundeSegmentMember2024-12-310001434614country:MNsand:HugoNorthExtensionAndHerugaSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:MNsand:HugoNorthExtensionAndHerugaSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:MNsand:HugoNorthExtensionAndHerugaSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:MNsand:HugoNorthExtensionAndHerugaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:MNsand:HugoNorthExtensionAndHerugaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:MNsand:HugoNorthExtensionAndHerugaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:MNsand:HugoNorthExtensionAndHerugaSegmentMember2024-12-310001434614country:MXsand:MercedesSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:MXsand:MercedesSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:MXsand:MercedesSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:MXsand:MercedesSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:MXsand:MercedesSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:MXsand:MercedesSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:MXsand:MercedesSegmentMember2024-12-310001434614country:ZAsand:PlatreefSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:ZAsand:PlatreefSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:ZAsand:PlatreefSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:ZAsand:PlatreefSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:ZAsand:PlatreefSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:ZAsand:PlatreefSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:ZAsand:PlatreefSegmentMember2024-12-310001434614country:USsand:ReliefCanyonSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:USsand:ReliefCanyonSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:USsand:ReliefCanyonSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:USsand:ReliefCanyonSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:USsand:ReliefCanyonSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:USsand:ReliefCanyonSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:USsand:ReliefCanyonSegmentMember2024-12-310001434614country:BRsand:ValeRoyaltiesSegmentMemberifrs-full:GrossCarryingAmountMember2023-12-310001434614country:BRsand:ValeRoyaltiesSegmentMemberifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614country:BRsand:ValeRoyaltiesSegmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001434614country:BRsand:ValeRoyaltiesSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614country:BRsand:ValeRoyaltiesSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614country:BRsand:ValeRoyaltiesSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614country:BRsand:ValeRoyaltiesSegmentMember2024-12-310001434614ifrs-full:GrossCarryingAmountMembersand:OtherSegmentMember2023-12-310001434614ifrs-full:GrossCarryingAmountMembersand:OtherSegmentMember2024-01-012024-12-310001434614ifrs-full:GrossCarryingAmountMembersand:OtherSegmentMember2024-12-310001434614ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMembersand:OtherSegmentMember2023-12-310001434614ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMembersand:OtherSegmentMember2024-01-012024-12-310001434614ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMembersand:OtherSegmentMember2024-12-310001434614sand:OtherSegmentMember2024-12-310001434614ifrs-full:GrossCarryingAmountMember2023-12-310001434614ifrs-full:GrossCarryingAmountMember2024-01-012024-12-310001434614ifrs-full:GrossCarryingAmountMember2024-12-310001434614ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-12-310001434614ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-01-012024-12-310001434614ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001434614ifrs-full:ExplorationAndEvaluationAssetsMember2024-12-310001434614ifrs-full:PropertyPlantAndEquipmentMember2024-12-310001434614country:PEsand:AntaminaSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:PEsand:AntaminaSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:PEsand:AntaminaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:PEsand:AntaminaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:PEsand:AntaminaSegmentMember2023-12-310001434614country:BRsand:AurizonaSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:BRsand:AurizonaSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:BRsand:AurizonaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:BRsand:AurizonaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:BRsand:AurizonaSegmentMember2023-12-310001434614country:ZAsand:BlyvoorSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:ZAsand:BlyvoorSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:ZAsand:BlyvoorSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:ZAsand:BlyvoorSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:ZAsand:BlyvoorSegmentMember2023-12-310001434614country:CIsand:BonikroSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:CIsand:BonikroSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:CIsand:BonikroSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:CIsand:BonikroSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:CIsand:BonikroSegmentMember2023-12-310001434614country:CLsand:CaseronesSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:CLsand:CaseronesSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:CLsand:CaseronesSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:CLsand:CaseronesSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:CLsand:CaseronesSegmentMember2023-12-310001434614country:ARsand:CerroMoroSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:ARsand:CerroMoroSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:ARsand:CerroMoroSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:ARsand:CerroMoroSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:ARsand:CerroMoroSegmentMember2023-12-310001434614country:BRsand:ChapadaSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:BRsand:ChapadaSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:BRsand:ChapadaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:BRsand:ChapadaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:BRsand:ChapadaSegmentMember2023-12-310001434614country:ECsand:FrutaDelNorteSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:ECsand:FrutaDelNorteSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:ECsand:FrutaDelNorteSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:ECsand:FrutaDelNorteSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:ECsand:FrutaDelNorteSegmentMember2023-12-310001434614country:CAsand:GreenstoneSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:CAsand:GreenstoneSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:CAsand:GreenstoneSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:CAsand:GreenstoneSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:CAsand:GreenstoneSegmentMember2023-12-310001434614country:TRsand:HodMadenSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:TRsand:HodMadenSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:TRsand:HodMadenSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:TRsand:HodMadenSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:TRsand:HodMadenSegmentMember2023-12-310001434614country:CAsand:Horne5SegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:CAsand:Horne5SegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:CAsand:Horne5SegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:CAsand:Horne5SegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:CAsand:Horne5SegmentMember2023-12-310001434614country:BFsand:HoundeSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:BFsand:HoundeSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:BFsand:HoundeSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:BFsand:HoundeSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:BFsand:HoundeSegmentMember2023-12-310001434614country:MNsand:HugoNorthExtensionAndHerugaSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:MNsand:HugoNorthExtensionAndHerugaSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:MNsand:HugoNorthExtensionAndHerugaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:MNsand:HugoNorthExtensionAndHerugaSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:MNsand:HugoNorthExtensionAndHerugaSegmentMember2023-12-310001434614country:MXsand:MercedesSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:MXsand:MercedesSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:MXsand:MercedesSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:MXsand:MercedesSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:MXsand:MercedesSegmentMember2023-12-310001434614country:ZAsand:PlatreefSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:ZAsand:PlatreefSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:ZAsand:PlatreefSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:ZAsand:PlatreefSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:ZAsand:PlatreefSegmentMember2023-12-310001434614country:USsand:ReliefCanyonSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:USsand:ReliefCanyonSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:USsand:ReliefCanyonSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:USsand:ReliefCanyonSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:USsand:ReliefCanyonSegmentMember2023-12-310001434614country:BRsand:ValeRoyaltiesSegmentMemberifrs-full:GrossCarryingAmountMember2022-12-310001434614country:BRsand:ValeRoyaltiesSegmentMemberifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614country:BRsand:ValeRoyaltiesSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614country:BRsand:ValeRoyaltiesSegmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614country:BRsand:ValeRoyaltiesSegmentMember2023-12-310001434614ifrs-full:GrossCarryingAmountMembersand:OtherSegmentMember2022-12-310001434614ifrs-full:GrossCarryingAmountMembersand:OtherSegmentMember2023-01-012023-12-310001434614ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMembersand:OtherSegmentMember2022-12-310001434614ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMembersand:OtherSegmentMember2023-01-012023-12-310001434614sand:OtherSegmentMember2023-12-310001434614ifrs-full:GrossCarryingAmountMember2022-12-310001434614ifrs-full:GrossCarryingAmountMember2023-01-012023-12-310001434614ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2022-12-310001434614ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2023-01-012023-12-310001434614ifrs-full:ExplorationAndEvaluationAssetsMember2023-12-310001434614ifrs-full:PropertyPlantAndEquipmentMember2023-12-310001434614sand:UntilApril302028Membersand:BearCreekMembersand:GoldCommodityTypeMembersand:MercedesGoldStreamMember2024-01-012024-12-310001434614sand:CommencingMay2028Membersand:BearCreekMembersand:GoldCommodityTypeMembersand:MercedesGoldStreamMember2024-12-310001434614sand:BearCreekMembersand:GoldCommodityTypeMembersand:MercedesGoldStreamMember2024-12-310001434614sand:BearCreekMembersand:GoldCommodityTypeMembersand:MercedesGoldStreamMember2024-01-012024-01-310001434614sand:BearCreekMembersand:GoldCommodityTypeMembersand:MercedesGoldStreamMember2024-01-310001434614sand:GoldCommodityTypeMembersand:BearCreekMember2024-01-012024-01-310001434614sand:CommencingMay2028Membersand:BearCreekMembersand:SilverCommodityTypeMembersand:MercedesSilverStreamMember2024-12-310001434614sand:BearCreekMembersand:SilverCommodityTypeMembersand:MercedesSilverStreamMember2024-01-012024-01-310001434614sand:BearCreekMembersand:SilverCommodityTypeMembersand:MercedesSilverStreamMember2024-01-310001434614sand:BearCreekMember2023-12-310001434614sand:BearCreekMember2024-01-012024-01-310001434614sand:BearCreekMember2024-01-310001434614ifrs-full:DebtSecuritiesMembersand:BearCreekMembersand:FirstAdditionMember2024-01-012024-01-310001434614ifrs-full:DebtSecuritiesMembersand:BearCreekMembersand:SecondAdditionMember2024-01-012024-12-310001434614country:PEsand:BearCreekMembersand:CoraniMember2024-01-012024-01-310001434614country:PEsand:BearCreekMembersand:CoraniMember2024-01-310001434614country:PEsand:BearCreekMembersand:SilverCommodityTypeMembersand:CoraniMember2024-01-310001434614country:PEsand:BearCreekMembersand:ZincCommodityTypeMembersand:CoraniMember2024-01-310001434614country:PEsand:BearCreekMembersand:LeadCommodityTypeMembersand:CoraniMember2024-01-310001434614sand:CommonSharesMembersand:BearCreekMember2024-01-310001434614ifrs-full:OtherEquitySecuritiesMembersand:BearCreekMember2024-01-012024-01-310001434614sand:EvolveStrategicElementRoyaltiesLtd.Member2024-05-020001434614sand:CopperMountainMembersand:EvolveStrategicElementRoyaltiesLtd.Member2024-05-020001434614sand:EvolveStrategicElementRoyaltiesLtd.Memberifrs-full:BottomOfRangeMembersand:CopperMountainMember2024-05-022024-05-020001434614sand:EvolveStrategicElementRoyaltiesLtd.Memberifrs-full:TopOfRangeMembersand:CopperMountainMember2024-05-022024-05-020001434614sand:HighlandValleyCopperMembersand:EvolveStrategicElementRoyaltiesLtd.Member2024-05-022024-05-020001434614sand:SeymourLakeLithiumDevelopmentMembersand:EvolveStrategicElementRoyaltiesLtd.Member2024-05-022024-05-020001434614sand:EvolveStrategicElementRoyaltiesLtd.Member2024-05-132024-05-130001434614sand:EvolveStrategicElementRoyaltiesLtd.Member2024-05-130001434614sand:AntaminaSegmentMembersand:HorizonCopperCorpMember2023-06-012023-06-300001434614sand:HorizonCopperCorpMember2023-06-012023-06-300001434614sand:AntaminaSegmentMembersand:HorizonCopperCorpMembersand:SilverCommodityTypeMember2023-06-300001434614sand:AntaminaSegmentMembersand:HorizonCopperCorpMember2023-06-300001434614sand:SilverCommodityTypeMembersand:AntaminaSegmentMember2023-12-310001434614sand:SilverCommodityTypeMembersand:AntaminaSegmentMember2023-06-300001434614sand:SilverCommodityTypeMembersand:AntaminaSegmentMember2023-06-012023-06-300001434614sand:ElPilarAndBlackwaterRoyaltiesMembersand:VersametRoyaltiesCorp.Member2023-10-012023-10-310001434614sand:ElPilarAndBlackwaterRoyaltiesMembersand:VersametRoyaltiesCorp.Member2023-10-310001434614sand:AntaminaSegmentMember2023-06-012023-06-300001434614sand:VersametRoyaltiesCorp.Member2022-12-310001434614sand:HorizonCopperCorpMember2022-12-310001434614sand:VersametRoyaltiesCorp.Member2023-01-012023-12-310001434614sand:HorizonCopperCorpMember2023-01-012023-12-310001434614sand:VersametRoyaltiesCorp.Member2023-12-310001434614sand:HorizonCopperCorpMember2023-12-310001434614sand:VersametRoyaltiesCorp.Member2024-01-012024-12-310001434614sand:HorizonCopperCorpMember2024-01-012024-12-310001434614ifrs-full:AssociatesMembersand:VersametRoyaltiesCorp.Member2024-01-012024-12-310001434614ifrs-full:AssociatesMembersand:HorizonCopperCorpMember2024-01-012024-12-310001434614ifrs-full:AssociatesMember2024-01-012024-12-310001434614sand:VersametRoyaltiesCorp.Member2024-12-310001434614sand:HorizonCopperCorpMember2024-12-310001434614sand:NonDilutedBasisMembersand:VersametRoyaltiesCorp.Member2024-01-012024-12-310001434614sand:VersametRoyaltiesCorp.Member2024-01-012024-01-310001434614sand:VersametRoyaltiesCorp.Membersand:NonDilutedBasisMemberifrs-full:TopOfRangeMember2023-01-012023-12-310001434614sand:VersametRoyaltiesCorp.Membersand:NonDilutedBasisMemberifrs-full:BottomOfRangeMember2024-01-012024-12-310001434614sand:NonDilutedBasisMembersand:HorizonCopperCorpMember2024-01-012024-12-310001434614sand:HorizonCopperCorpMembersand:HorizonCopperCorpFacilityMaturityAugust312032Member2024-12-310001434614sand:HorizonCopperCorpMembersand:HorizonCopperCorpFacilityMaturityAugust312032Memberifrs-full:BottomOfRangeMember2024-01-012024-12-310001434614sand:HorizonCopperCorpMembersand:HorizonCopperCorpFacilityMaturityAugust312032Memberifrs-full:TopOfRangeMember2024-01-012024-12-310001434614sand:HorizonCopperCorpMembersand:HorizonCopperCorpFacilityMaturityAugust312032Member2024-01-012024-12-310001434614ifrs-full:NotLaterThanOneYearMemberifrs-full:DebtSecuritiesMember2023-12-310001434614ifrs-full:NotLaterThanOneYearMemberifrs-full:DebtSecuritiesMember2024-01-012024-12-310001434614ifrs-full:NotLaterThanOneYearMemberifrs-full:DebtSecuritiesMember2024-12-310001434614ifrs-full:NotLaterThanOneYearMembersand:LoanReceivableMember2023-12-310001434614ifrs-full:NotLaterThanOneYearMembersand:LoanReceivableMember2024-01-012024-12-310001434614ifrs-full:NotLaterThanOneYearMembersand:LoanReceivableMember2024-12-310001434614ifrs-full:NotLaterThanOneYearMember2023-12-310001434614ifrs-full:NotLaterThanOneYearMember2024-01-012024-12-310001434614ifrs-full:NotLaterThanOneYearMember2024-12-310001434614ifrs-full:LaterThanOneYearMemberifrs-full:OtherEquitySecuritiesMember2023-12-310001434614ifrs-full:LaterThanOneYearMemberifrs-full:OtherEquitySecuritiesMember2024-01-012024-12-310001434614ifrs-full:LaterThanOneYearMemberifrs-full:OtherEquitySecuritiesMember2024-12-310001434614ifrs-full:LaterThanOneYearMembersand:WarrantsAndOtherMember2023-12-310001434614ifrs-full:LaterThanOneYearMembersand:WarrantsAndOtherMember2024-01-012024-12-310001434614ifrs-full:LaterThanOneYearMembersand:WarrantsAndOtherMember2024-12-310001434614ifrs-full:LaterThanOneYearMemberifrs-full:DebtSecuritiesMember2023-12-310001434614ifrs-full:LaterThanOneYearMemberifrs-full:DebtSecuritiesMember2024-01-012024-12-310001434614ifrs-full:LaterThanOneYearMemberifrs-full:DebtSecuritiesMember2024-12-310001434614ifrs-full:LaterThanOneYearMember2023-12-310001434614ifrs-full:LaterThanOneYearMember2024-01-012024-12-310001434614ifrs-full:LaterThanOneYearMember2024-12-310001434614sand:LoanReceivableMembersand:BearCreekMember2024-01-012024-01-310001434614sand:ConvertibleDebentureMembersand:BearCreekMember2024-01-012024-01-310001434614ifrs-full:NotLaterThanOneYearMemberifrs-full:DebtSecuritiesMember2022-12-310001434614ifrs-full:NotLaterThanOneYearMemberifrs-full:DebtSecuritiesMember2023-01-012023-12-310001434614ifrs-full:NotLaterThanOneYearMembersand:LoanReceivableMember2022-12-310001434614ifrs-full:NotLaterThanOneYearMembersand:LoanReceivableMember2023-01-012023-12-310001434614ifrs-full:NotLaterThanOneYearMember2022-12-310001434614ifrs-full:NotLaterThanOneYearMember2023-01-012023-12-310001434614ifrs-full:LaterThanOneYearMemberifrs-full:OtherEquitySecuritiesMember2022-12-310001434614ifrs-full:LaterThanOneYearMemberifrs-full:OtherEquitySecuritiesMember2023-01-012023-12-310001434614ifrs-full:LaterThanOneYearMembersand:WarrantsAndOtherMember2022-12-310001434614ifrs-full:LaterThanOneYearMembersand:WarrantsAndOtherMember2023-01-012023-12-310001434614ifrs-full:LaterThanOneYearMemberifrs-full:DebtSecuritiesMember2022-12-310001434614ifrs-full:LaterThanOneYearMemberifrs-full:DebtSecuritiesMember2023-01-012023-12-310001434614ifrs-full:LaterThanOneYearMember2022-12-310001434614ifrs-full:LaterThanOneYearMember2023-01-012023-12-310001434614ifrs-full:CorporateLoansMembersand:HorizonCopperCorpMember2023-06-300001434614ifrs-full:CorporateLoansMembersand:HorizonCopperCorpMember2023-06-012023-06-300001434614sand:NonCapitalLossesMember2024-12-310001434614sand:NonCapitalLossesMember2023-12-310001434614sand:InvestmentsAndOtherMember2024-12-310001434614sand:InvestmentsAndOtherMember2023-12-310001434614sand:StreamRoyaltyAndOtherInterestsMember2024-12-310001434614sand:StreamRoyaltyAndOtherInterestsMember2023-12-310001434614sand:NormalCourseIssuerBidMember2024-12-310001434614sand:NormalCourseIssuerBidMember2024-01-012024-12-310001434614ifrs-full:MajorOrdinaryShareTransactionsMembersand:NormalCourseIssuerBidMember2025-01-012025-02-180001434614sand:AutomaticSharePurchasePlanMember2024-12-310001434614sand:AutomaticSharePurchasePlanMember2024-01-012024-12-310001434614sand:YearOfExpiry2025Member2024-12-310001434614sand:YearOfExpiry2026Member2024-12-310001434614sand:YearOfExpiry2027Member2024-12-310001434614sand:YearOfExpiry2028Member2024-12-310001434614sand:RestrictedShareRightsMember2024-12-310001434614sand:RestrictedShareRightsMember2024-01-012024-12-310001434614sand:PerformanceShareUnitsMember2024-01-012024-12-310001434614ifrs-full:ShareOptionsMember2024-01-012024-12-310001434614ifrs-full:ShareOptionsMember2023-01-012023-12-310001434614ifrs-full:WarrantsMember2024-01-012024-12-310001434614ifrs-full:WarrantsMember2023-01-012023-12-310001434614ifrs-full:RestrictedShareUnitsMember2024-01-012024-12-310001434614ifrs-full:RestrictedShareUnitsMember2023-01-012023-12-310001434614sand:CompaniaMineraCaseronesCMCMember2023-12-310001434614sand:CompaniaMineraCaseronesCMCMember2023-01-012023-12-310001434614sand:RevolvingCreditFacilityDueDecember2028Member2024-12-310001434614sand:RevolvingCreditFacilityDueDecember2028Member2024-12-012024-12-310001434614ifrs-full:FloatingInterestRateMembersand:RevolvingCreditFacilityDueDecember2028Memberifrs-full:BottomOfRangeMember2024-12-310001434614ifrs-full:FloatingInterestRateMembersand:RevolvingCreditFacilityDueDecember2028Memberifrs-full:TopOfRangeMember2024-12-310001434614ifrs-full:BottomOfRangeMembersand:RevolvingCreditFacilityDueDecember2028Member2024-12-310001434614ifrs-full:TopOfRangeMembersand:RevolvingCreditFacilityDueDecember2028Member2024-12-310001434614sand:RevolvingCreditFacilityDueDecember2028Member2024-01-012024-01-310001434614sand:RevolvingCreditFacilityDueDecember2028Member2023-12-310001434614sand:SilverCommodityTypeMembersand:AntaminaMember2024-12-310001434614sand:GoldCommodityTypeMembersand:BlackFoxMember2024-12-310001434614sand:LesserOf601AndPrevailingMarketPriceMembersand:GoldCommodityTypeMembersand:BlackFoxMember2024-12-310001434614sand:Until300000TotalOuncesDeliveredMembersand:GoldCommodityTypeMembersand:UpToFirst16000OuncesOfGoldProducedPerAnnumMembersand:BlyvoorMember2024-12-310001434614sand:LesserOf572AndPrevailingMarketPriceMembersand:GoldCommodityTypeMembersand:BlyvoorMember2024-12-310001434614sand:GoldCommodityTypeMembersand:UpToDeliveryOf39000OuncesOfGoldMembersand:BonikroMember2024-12-310001434614sand:LesserOf400AndPrevailingMarketPriceMembersand:GoldCommodityTypeMembersand:BonikroMember2024-12-310001434614sand:UpToAnnualMaximumOf1200000OuncesMembersand:SilverCommodityTypeMembersand:Until7000000OuncesOfSilverDeliveredMembersand:CerroMoroMember2024-12-310001434614sand:SilverCommodityTypeMembersand:CerroMoroMember2024-12-310001434614sand:UntilLaterOfJune302030OrDeliveryOf68MillionPoundsZincMembersand:ZincCommodityTypeMembersand:CEZincMember2024-12-310001434614sand:ZincCommodityTypeMembersand:CEZincMember2024-12-310001434614sand:UpToAnnualMaximumOf3.9MillionPoundsDeliveredMembersand:CopperCommodityTypeMembersand:Until39MillionTotalPoundsDeliveredMembersand:ChapadaMember2024-12-310001434614sand:CopperCommodityTypeMembersand:ChapadaMember2024-12-310001434614sand:GoldAndSilverCommodityTypeMembersand:Below560MetresThresholdMembersand:HugoNorthExtensionMember2024-12-310001434614sand:GoldAndSilverCommodityTypeMembersand:Below560MetresThresholdMembersand:HerugaMember2024-12-310001434614sand:GoldCommodityTypeMembersand:UpToDeliveryOf120333OuncesOfGoldMembersand:GreenstoneMember2024-12-310001434614sand:GoldCommodityTypeMembersand:GreenstoneMember2024-12-310001434614sand:GoldCommodityTypeMembersand:UpToDeliveryOf405000OuncesOfGoldMembersand:HodMadenMember2024-12-310001434614sand:GoldCommodityTypeMembersand:HodMadenMember2024-12-310001434614sand:GoldCommodityTypeMembersand:AfterDeliveryOf405000OuncesOfGoldMembersand:HodMadenMember2024-12-310001434614sand:GoldCommodityTypeMembersand:KarmaMember2024-12-310001434614sand:GoldCommodityTypeMembersand:MercedesMember2024-12-310001434614sand:A14300OuncesOfGoldOver52MonthsMembersand:GoldCommodityTypeMembersand:MercedesMember2024-01-012024-12-310001434614sand:GoldCommodityTypeMembersand:AfterDeliveryOf14300OuncesOfGoldMembersand:MercedesMember2024-12-310001434614sand:SilverCommodityTypeMembersand:BeginningIn2028Membersand:MercedesMember2024-12-310001434614sand:SilverCommodityTypeMembersand:MercedesMember2024-12-310001434614sand:GoldCommodityTypeMembersand:UpToDeliveryOf131250OuncesOfGoldMembersand:PlatreefMember2024-12-310001434614sand:GoldCommodityTypeMembersand:ReliefCanyonMember2024-12-310001434614sand:A44712OuncesDeliveredOver7.25YearsMembersand:GoldCommodityTypeMembersand:ReliefCanyonMember2024-01-012024-12-310001434614sand:GoldCommodityTypeMembersand:After44712OuncesOver7.25YearsMembersand:ReliefCanyonMember2024-12-310001434614sand:GoldCommodityTypeMembersand:SantaElenaMember2024-12-310001434614sand:LesserOf482AndPrevailingMarketPriceMembersand:GoldCommodityTypeMembersand:SantaElenaMember2024-12-310001434614sand:SilverAndExistingMineralizedAreasMembersand:SouthArturoMember2024-12-310001434614sand:SilverAndNewDiscoveriesMembersand:SouthArturoMember2024-12-310001434614sand:SilverCommodityTypeMembersand:SouthArturoMember2024-12-310001434614sand:GoldCommodityTypeMembersand:VatukoulaMember2024-12-310001434614sand:A11022OuncesDeliveredOver45YearsMembersand:GoldCommodityTypeMembersand:VatukoulaMember2024-01-012024-12-310001434614sand:After11022OuncesOver45YearsMembersand:GoldCommodityTypeMembersand:Above100000OuncesProducedInCalendarYearMembersand:VatukoulaMember2024-12-310001434614sand:After11022OuncesOver45YearsMembersand:GoldCommodityTypeMembersand:UpToFirst100000OuncesProducedInCalendarYearMembersand:VatukoulaMember2024-12-310001434614sand:GoldCommodityTypeMembersand:BlyvoorMember2024-12-310001434614sand:Until300000TotalOuncesDeliveredMembersand:GoldCommodityTypeMembersand:UpToFirst16000OuncesOfGoldDeliveredInCalendarYearMembersand:BlyvoorMember2024-12-310001434614sand:Until300000TotalOuncesDeliveredMembersand:GoldCommodityTypeMembersand:After16000OuncesOfGoldDeliveredInCalendarYearMembersand:BlyvoorMember2024-12-310001434614sand:After300000OuncesDeliveredUntil10320000OuncesProducedMembersand:GoldCommodityTypeMembersand:UpToFirst100000OuncesProducedInCalendarYearMembersand:BlyvoorMember2024-12-310001434614sand:GoldCommodityTypeMembersand:UpToFirst100000OuncesProducedInCalendarYearMembersand:BlyvoorMember2024-12-310001434614sand:GoldCommodityTypeMembersand:Until39000OuncesDeliveredMembersand:BonikroMember2024-12-310001434614sand:GoldCommodityTypeMembersand:From39000OuncesTo61750OuncesDeliveredMembersand:BonikroMember2024-12-310001434614sand:GoldCommodityTypeMembersand:After61750OuncesDeliveredMembersand:BonikroMember2024-12-310001434614sand:DuringYears2024To2026Membersand:GoldCommodityTypeMemberifrs-full:BottomOfRangeMembersand:BonikroGoldStreamMember2024-01-012024-12-310001434614sand:DuringYears2024To2026Membersand:GoldCommodityTypeMemberifrs-full:TopOfRangeMembersand:BonikroGoldStreamMember2024-01-012024-12-310001434614sand:DuringYears2027To2029Membersand:GoldCommodityTypeMemberifrs-full:BottomOfRangeMembersand:BonikroGoldStreamMember2024-01-012024-12-310001434614sand:DuringYears2027To2029Membersand:GoldCommodityTypeMemberifrs-full:TopOfRangeMembersand:BonikroGoldStreamMember2024-01-012024-12-310001434614sand:GoldCommodityTypeMembersand:BonikroMember2024-12-310001434614sand:Until7000000OuncesOfSilverDeliveredMembersand:SilverCommodityTypeMembersand:CerroMoroMember2024-12-310001434614sand:SilverCommodityTypeMembersand:Until7000000OuncesOfSilverDeliveredMembersand:CerroMoroMember2024-12-310001434614sand:SilverCommodityTypeMembersand:After7000000OuncesOfSilverDeliveredMembersand:CerroMoroMember2024-12-310001434614sand:UpToAnnualMaximumOf3900000PoundsMembersand:CopperCommodityTypeMembersand:UpToDeliveryOf39MillionPoundsMembersand:ChapadaMember2024-12-310001434614sand:UpToDeliveryOf39MillionPoundsMembersand:CopperCommodityTypeMembersand:ChapadaMember2024-12-310001434614sand:CopperCommodityTypeMembersand:UpToDeliveryOf39MillionPoundsMembersand:ChapadaMember2024-12-310001434614sand:CopperCommodityTypeMembersand:Above39MillionPoundsAndLessThan50MillionPoundsDeliveredMembersand:ChapadaMember2024-12-310001434614sand:CopperCommodityTypeMembersand:Above50MillionPoundsDeliveredMembersand:ChapadaMember2024-12-310001434614sand:GoldCommodityTypeMembersand:HugoNorthExtensionAndHerugaMember2024-12-310001434614sand:LesserOf220PerOunceAndPrevailingMarketPriceMembersand:Until86MillionOuncesProducedMembersand:HugoNorthExtensionAndHerugaMembersand:GoldCommodityTypeMemberifrs-full:BottomOfRangeMember2024-12-310001434614sand:LesserOf500PerOunceAndPrevailingMarketPriceMembersand:After86MillionOuncesProducedMembersand:HugoNorthExtensionAndHerugaMembersand:GoldCommodityTypeMemberifrs-full:TopOfRangeMember2024-12-310001434614sand:LesserOf5PerOunceAndPrevailingMarketPriceMembersand:SilverCommodityTypeMembersand:Until403MillionOuncesProducedFromPropertyMembersand:HugoNorthExtensionAndHerugaMember2024-12-310001434614sand:SilverCommodityTypeMembersand:HugoNorthExtensionAndHerugaMember2024-12-310001434614sand:LesserOf10PerOunceAndPrevailingMarketPriceMembersand:SilverCommodityTypeMembersand:After403MillionOuncesProducedMembersand:HugoNorthExtensionAndHerugaMember2024-12-310001434614sand:Below560MetresThresholdMembersand:GoldAndSilverCommodityTypeMembersand:HugoNorthExtensionMember2024-12-310001434614sand:Below560MetresThresholdMembersand:GoldAndSilverCommodityTypeMembersand:HerugaMember2024-12-310001434614sand:GoldAndSilverCommodityTypeMembersand:HugoNorthExtensionAndHerugaMember2024-12-310001434614sand:GoldAndSilverCommodityTypeMembersand:Above560MetresThresholdMembersand:HugoNorthExtensionMember2024-12-310001434614sand:GoldAndSilverCommodityTypeMembersand:Above560MetresThresholdMembersand:HerugaMember2024-12-310001434614sand:CopperCommodityTypeMembersand:Below560MetresThresholdMembersand:HugoNorthExtensionAndHerugaMember2024-12-310001434614sand:CopperCommodityTypeMembersand:HugoNorthExtensionAndHerugaMember2024-12-310001434614sand:CopperCommodityTypeMembersand:Above560MetresThresholdMembersand:HugoNorthExtensionAndHerugaMember2024-12-310001434614sand:LesserOf50AndPrevailingMarketPriceMembersand:CopperCommodityTypeMembersand:Until91BillionPoundsProducedMembersand:HugoNorthExtensionAndHerugaMember2024-12-310001434614sand:LesserOf110PerPoundAndPrevailingMarketPriceMembersand:CopperCommodityTypeMembersand:After91BillionPoundsProducedMembersand:HugoNorthExtensionAndHerugaMember2024-12-310001434614sand:GoldCommodityTypeMembersand:Until120333OuncesOfGoldDeliveredMembersand:GreenstoneMember2024-12-310001434614sand:GoldCommodityTypeMembersand:After120333OuncesOfGoldDeliveredMembersand:GreenstoneMember2024-12-310001434614sand:GoldCommodityTypeMembersand:After120333OuncesDeliveredMembersand:GreenstoneMember2024-12-310001434614sand:GoldCommodityTypeMembersand:Until405000OuncesGoldDeliveredMembersand:HodMadenMember2024-12-310001434614sand:GoldCommodityTypeMembersand:After405000OuncesOfGoldDeliveredMembersand:HodMadenMember2024-12-310001434614sand:UpToTheEndOfApril2028Membersand:GoldCommodityTypeMembersand:MercedesMember2024-12-012024-12-310001434614sand:GoldCommodityTypeMembersand:CommencingMay2028Membersand:MercedesMember2024-12-310001434614sand:SilverCommodityTypeMembersand:CommencingMay2028Membersand:MercedesMember2024-12-310001434614sand:GoldCommodityTypeMembersand:Until131250GoldOuncesDeliveredMembersand:PlatreefMember2024-12-310001434614sand:GoldCommodityTypeMembersand:After131250OuncesDeliveredUntilAggregate256980GoldOuncesDeliveredMembersand:PlatreefMember2024-12-310001434614sand:GoldCommodityTypeMembersand:UntilAggregate256980GoldOuncesDeliveredMembersand:PlatreefMember2024-12-310001434614sand:GoldCommodityTypeMembersand:After256980GoldOuncesDeliveredMembersand:PlatreefMember2024-12-310001434614sand:GoldCommodityTypeMembersand:PlatreefMember2024-12-310001434614sand:LesserOf100PerOunceAndPrevailingMarketPriceMembersand:GoldCommodityTypeMembersand:UntilAggregate256980GoldOuncesDeliveredMembersand:PlatreefMember2024-12-310001434614sand:After256980GoldOuncesDeliveredMembersand:GoldCommodityTypeMembersand:PlatreefMember2024-12-310001434614sand:GoldAndSilverCommodityTypeMembersand:AfterThe5YearsOfFixedDeliveriesMembersand:ReliefCanyonMember2024-12-310001434614sand:After32022OuncesDeliveredMembersand:GoldAndSilverCommodityTypeMemberifrs-full:BottomOfRangeMembersand:ReliefCanyonMember2024-12-310001434614sand:After32022OuncesDeliveredMembersand:GoldAndSilverCommodityTypeMemberifrs-full:TopOfRangeMembersand:ReliefCanyonMember2024-12-310001434614sand:GoldCommodityTypeMembersand:DuringFixedDeliveryPeriodMembersand:VatukoulaMember2024-12-310001434614sand:GoldCommodityTypeMembersand:UpTo11022OuncesDeliveredMembersand:VatukoulaMember2024-12-310001434614sand:After11022TotalOuncesDeliveredMembersand:GoldCommodityTypeMembersand:UpToFirst100000OuncesProducedInCalendarYearMembersand:VatukoulaMember2024-12-310001434614sand:After11022TotalOuncesDeliveredMembersand:GoldCommodityTypeMembersand:Above100000OuncesProducedInCalendarYearMembersand:VatukoulaMember2024-12-310001434614sand:SilverCommodityTypeMembersand:WoodlawnMember2024-12-310001434614ifrs-full:NotLaterThanOneYearMembersand:RevolvingCreditFacilityDueDecember2028Member2024-12-310001434614ifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMembersand:RevolvingCreditFacilityDueDecember2028Member2024-12-310001434614ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMembersand:RevolvingCreditFacilityDueDecember2028Member2024-12-310001434614ifrs-full:LaterThanFiveYearsMembersand:RevolvingCreditFacilityDueDecember2028Member2024-12-310001434614ifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMember2024-12-310001434614ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember2024-12-310001434614ifrs-full:LaterThanFiveYearsMember2024-12-310001434614sand:SecuredOvernightFinancingRateDataMembersand:RevolvingCreditFacilityDueDecember2028Memberifrs-full:BottomOfRangeMember2024-12-310001434614sand:SecuredOvernightFinancingRateDataMembersand:RevolvingCreditFacilityDueDecember2028Memberifrs-full:TopOfRangeMember2024-12-310001434614ifrs-full:BottomOfRangeMembersand:UndrawnRevolvingFacilityMember2024-12-310001434614ifrs-full:TopOfRangeMembersand:UndrawnRevolvingFacilityMember2024-12-310001434614sand:ColossusMineralsIncMember2024-12-310001434614sand:AnnuallyForNextThreeYearsMember2024-01-012024-12-310001434614sand:OfficeSpaceMember2024-01-012024-12-310001434614sand:OfficeSpaceMember2024-12-310001434614country:PEsand:RevenueFromSaleOfGoodsMembersand:CopperAndOtherMemberifrs-full:OperatingSegmentsMembersand:AntaminaSegmentMember2024-01-012024-12-310001434614country:PEsand:RoyaltyRevenueMembersand:CopperAndOtherMemberifrs-full:OperatingSegmentsMembersand:AntaminaSegmentMember2024-01-012024-12-310001434614sand:CopperAndOtherMemberifrs-full:OperatingSegmentsMembercountry:PEsand:AntaminaSegmentMember2024-01-012024-12-310001434614country:PEsand:RevenueFromSaleOfGoodsMembersand:SilverProductMemberifrs-full:OperatingSegmentsMembersand:AntaminaSegmentMember2024-01-012024-12-310001434614country:PEsand:RoyaltyRevenueMembersand:SilverProductMemberifrs-full:OperatingSegmentsMembersand:AntaminaSegmentMember2024-01-012024-12-310001434614sand:SilverProductMemberifrs-full:OperatingSegmentsMembercountry:PEsand:AntaminaSegmentMember2024-01-012024-12-310001434614country:BRsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:AurizonaSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614country:BRsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:AurizonaSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614ifrs-full:OperatingSegmentsMembercountry:BRsand:AurizonaSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614country:ZAsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:BlyvoorSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614country:ZAsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:BlyvoorSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614ifrs-full:OperatingSegmentsMembercountry:ZAsand:BlyvoorSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614country:CIsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:BonikroSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614country:CIsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:BonikroSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614ifrs-full:OperatingSegmentsMembercountry:CIsand:BonikroSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614country:CLsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:CaseronesSegmentMembersand:CopperCommodityTypeMember2024-01-012024-12-310001434614country:CLsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:CaseronesSegmentMembersand:CopperCommodityTypeMember2024-01-012024-12-310001434614ifrs-full:OperatingSegmentsMembercountry:CLsand:CaseronesSegmentMembersand:CopperCommodityTypeMember2024-01-012024-12-310001434614country:ARsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:CerroMoroSegmentMembersand:SilverCommodityTypeMember2024-01-012024-12-310001434614country:ARsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:CerroMoroSegmentMembersand:SilverCommodityTypeMember2024-01-012024-12-310001434614ifrs-full:OperatingSegmentsMembercountry:ARsand:CerroMoroSegmentMembersand:SilverCommodityTypeMember2024-01-012024-12-310001434614country:BRsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:ChapadaSegmentMembersand:CopperCommodityTypeMember2024-01-012024-12-310001434614country:BRsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:ChapadaSegmentMembersand:CopperCommodityTypeMember2024-01-012024-12-310001434614ifrs-full:OperatingSegmentsMembercountry:BRsand:ChapadaSegmentMembersand:CopperCommodityTypeMember2024-01-012024-12-310001434614country:ECsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:FrutaDelNorteSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614country:ECsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:FrutaDelNorteSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614ifrs-full:OperatingSegmentsMembercountry:ECsand:FrutaDelNorteSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614country:CAsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:GreenstoneSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614country:CAsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:GreenstoneSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614ifrs-full:OperatingSegmentsMembercountry:CAsand:GreenstoneSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614country:BFsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:HoundeSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614country:BFsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:HoundeSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614ifrs-full:OperatingSegmentsMembercountry:BFsand:HoundeSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614country:MXsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:MercedesSegmentMembersand:GoldAndSilverCommodityTypeMember2024-01-012024-12-310001434614country:MXsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:MercedesSegmentMembersand:GoldAndSilverCommodityTypeMember2024-01-012024-12-310001434614ifrs-full:OperatingSegmentsMembercountry:MXsand:MercedesSegmentMembersand:GoldAndSilverCommodityTypeMember2024-01-012024-12-310001434614country:USsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:ReliefCanyonSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614country:USsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:ReliefCanyonSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614ifrs-full:OperatingSegmentsMembercountry:USsand:ReliefCanyonSegmentMembersand:GoldCommodityTypeMember2024-01-012024-12-310001434614country:BRsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:ValeRoyaltiesSegmentMembersand:IreOreCommodityTypeMember2024-01-012024-12-310001434614country:BRsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:ValeRoyaltiesSegmentMembersand:IreOreCommodityTypeMember2024-01-012024-12-310001434614ifrs-full:OperatingSegmentsMembercountry:BRsand:ValeRoyaltiesSegmentMembersand:IreOreCommodityTypeMember2024-01-012024-12-310001434614sand:OtherGeographicalAreaMembersand:RevenueFromSaleOfGoodsMembersand:GoldProductMemberifrs-full:OperatingSegmentsMembersand:OtherSegmentMember2024-01-012024-12-310001434614sand:OtherGeographicalAreaMembersand:RoyaltyRevenueMembersand:GoldProductMemberifrs-full:OperatingSegmentsMembersand:OtherSegmentMember2024-01-012024-12-310001434614sand:GoldProductMemberifrs-full:OperatingSegmentsMembersand:OtherGeographicalAreaMembersand:OtherSegmentMember2024-01-012024-12-310001434614sand:OtherGeographicalAreaMembersand:RevenueFromSaleOfGoodsMembersand:CopperAndOtherMemberifrs-full:OperatingSegmentsMembersand:OtherSegmentMember2024-01-012024-12-310001434614sand:OtherGeographicalAreaMembersand:RoyaltyRevenueMembersand:CopperAndOtherMemberifrs-full:OperatingSegmentsMembersand:OtherSegmentMember2024-01-012024-12-310001434614sand:CopperAndOtherMemberifrs-full:OperatingSegmentsMembersand:OtherGeographicalAreaMembersand:OtherSegmentMember2024-01-012024-12-310001434614sand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMember2024-01-012024-12-310001434614sand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMember2024-01-012024-12-310001434614ifrs-full:OperatingSegmentsMember2024-01-012024-12-310001434614sand:RevenueFromSaleOfGoodsMemberifrs-full:MaterialReconcilingItemsMembersand:AdministrativeAndProjectEvaluationExpensesMember2024-01-012024-12-310001434614sand:RoyaltyRevenueMemberifrs-full:MaterialReconcilingItemsMembersand:AdministrativeAndProjectEvaluationExpensesMember2024-01-012024-12-310001434614ifrs-full:MaterialReconcilingItemsMembersand:AdministrativeAndProjectEvaluationExpensesMember2024-01-012024-12-310001434614sand:RevenueFromSaleOfGoodsMemberifrs-full:MaterialReconcilingItemsMembersand:GainLossOnRevaluationOfInvestmentsMember2024-01-012024-12-310001434614sand:RoyaltyRevenueMemberifrs-full:MaterialReconcilingItemsMembersand:GainLossOnRevaluationOfInvestmentsMember2024-01-012024-12-310001434614ifrs-full:MaterialReconcilingItemsMembersand:GainLossOnRevaluationOfInvestmentsMember2024-01-012024-12-310001434614sand:RevenueFromSaleOfGoodsMemberifrs-full:MaterialReconcilingItemsMembersand:FinanceCostsMember2024-01-012024-12-310001434614sand:RoyaltyRevenueMemberifrs-full:MaterialReconcilingItemsMembersand:FinanceCostsMember2024-01-012024-12-310001434614ifrs-full:MaterialReconcilingItemsMembersand:FinanceCostsMember2024-01-012024-12-310001434614sand:RevenueFromSaleOfGoodsMemberifrs-full:MaterialReconcilingItemsMembersand:OtherGainLossMember2024-01-012024-12-310001434614sand:RoyaltyRevenueMemberifrs-full:MaterialReconcilingItemsMembersand:OtherGainLossMember2024-01-012024-12-310001434614ifrs-full:MaterialReconcilingItemsMembersand:OtherGainLossMember2024-01-012024-12-310001434614sand:RevenueFromSaleOfGoodsMemberifrs-full:MaterialReconcilingItemsMember2024-01-012024-12-310001434614sand:RoyaltyRevenueMemberifrs-full:MaterialReconcilingItemsMember2024-01-012024-12-310001434614ifrs-full:MaterialReconcilingItemsMember2024-01-012024-12-310001434614sand:RevenueFromSaleOfGoodsMember2024-01-012024-12-310001434614sand:RoyaltyRevenueMember2024-01-012024-12-310001434614sand:RoyaltyRevenueMembersand:CopperProductMembersand:AntaminaSegmentMember2024-01-012024-12-310001434614sand:RoyaltyRevenueMembersand:OtherBaseMetalProductMembersand:AntaminaSegmentMember2024-01-012024-12-310001434614sand:GoldProductMembersand:MercedesSegmentMember2024-01-012024-12-310001434614sand:SilverProductMembersand:MercedesSegmentMember2024-01-012024-12-310001434614country:CAsand:OtherSegmentMember2024-01-012024-12-310001434614country:MXsand:OtherSegmentMember2024-01-012024-12-310001434614country:BRsand:OtherSegmentMember2024-01-012024-12-310001434614country:TRsand:OtherSegmentMember2024-01-012024-12-310001434614country:ARsand:OtherSegmentMember2024-01-012024-12-310001434614sand:OtherGeographicalAreaMembersand:OtherSegmentMember2024-01-012024-12-310001434614sand:GoldProductMembersand:OtherSegmentMember2024-01-012024-12-310001434614sand:CopperProductMembersand:OtherSegmentMember2024-01-012024-12-310001434614sand:DiamondsProductMembersand:OtherSegmentMember2024-01-012024-12-310001434614sand:OtherBaseMetalProductMembersand:OtherSegmentMember2024-01-012024-12-310001434614country:PEsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:AntaminaSegmentMembersand:CopperAndOtherCommodityTypeMember2023-01-012023-12-310001434614country:PEsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:AntaminaSegmentMembersand:CopperAndOtherCommodityTypeMember2023-01-012023-12-310001434614ifrs-full:OperatingSegmentsMembercountry:PEsand:AntaminaSegmentMembersand:CopperAndOtherCommodityTypeMember2023-01-012023-12-310001434614country:PEsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:AntaminaSegmentMembersand:SilverCommodityTypeMember2023-01-012023-12-310001434614country:PEsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:AntaminaSegmentMembersand:SilverCommodityTypeMember2023-01-012023-12-310001434614ifrs-full:OperatingSegmentsMembercountry:PEsand:AntaminaSegmentMembersand:SilverCommodityTypeMember2023-01-012023-12-310001434614country:BRsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:AurizonaSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614country:BRsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:AurizonaSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614ifrs-full:OperatingSegmentsMembercountry:BRsand:AurizonaSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614country:ZAsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:BlyvoorSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614country:ZAsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:BlyvoorSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614ifrs-full:OperatingSegmentsMembercountry:ZAsand:BlyvoorSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614country:CIsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:BonikroSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614country:CIsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:BonikroSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614ifrs-full:OperatingSegmentsMembercountry:CIsand:BonikroSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614country:CLsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:CaseronesSegmentMembersand:CopperCommodityTypeMember2023-01-012023-12-310001434614country:CLsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:CaseronesSegmentMembersand:CopperCommodityTypeMember2023-01-012023-12-310001434614ifrs-full:OperatingSegmentsMembercountry:CLsand:CaseronesSegmentMembersand:CopperCommodityTypeMember2023-01-012023-12-310001434614country:ARsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:CerroMoroSegmentMembersand:SilverCommodityTypeMember2023-01-012023-12-310001434614country:ARsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:CerroMoroSegmentMembersand:SilverCommodityTypeMember2023-01-012023-12-310001434614ifrs-full:OperatingSegmentsMembercountry:ARsand:CerroMoroSegmentMembersand:SilverCommodityTypeMember2023-01-012023-12-310001434614country:BRsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:ChapadaSegmentMembersand:CopperCommodityTypeMember2023-01-012023-12-310001434614country:BRsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:ChapadaSegmentMembersand:CopperCommodityTypeMember2023-01-012023-12-310001434614ifrs-full:OperatingSegmentsMembercountry:BRsand:ChapadaSegmentMembersand:CopperCommodityTypeMember2023-01-012023-12-310001434614country:ECsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:FrutaDelNorteSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614country:ECsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:FrutaDelNorteSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614ifrs-full:OperatingSegmentsMembercountry:ECsand:FrutaDelNorteSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614country:BFsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:HoundeSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614country:BFsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:HoundeSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614ifrs-full:OperatingSegmentsMembercountry:BFsand:HoundeSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614country:MXsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:MercedesSegmentMembersand:GoldAndSilverCommodityTypeMember2023-01-012023-12-310001434614country:MXsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:MercedesSegmentMembersand:GoldAndSilverCommodityTypeMember2023-01-012023-12-310001434614ifrs-full:OperatingSegmentsMembercountry:MXsand:MercedesSegmentMembersand:GoldAndSilverCommodityTypeMember2023-01-012023-12-310001434614country:USsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:ReliefCanyonSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614country:USsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:ReliefCanyonSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614ifrs-full:OperatingSegmentsMembercountry:USsand:ReliefCanyonSegmentMembersand:GoldCommodityTypeMember2023-01-012023-12-310001434614country:BRsand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMembersand:ValeRoyaltiesSegmentMembersand:IreOreCommodityTypeMember2023-01-012023-12-310001434614country:BRsand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMembersand:ValeRoyaltiesSegmentMembersand:IreOreCommodityTypeMember2023-01-012023-12-310001434614ifrs-full:OperatingSegmentsMembercountry:BRsand:ValeRoyaltiesSegmentMembersand:IreOreCommodityTypeMember2023-01-012023-12-310001434614sand:OtherGeographicalAreaMembersand:RevenueFromSaleOfGoodsMembersand:GoldProductMemberifrs-full:OperatingSegmentsMembersand:OtherSegmentMember2023-01-012023-12-310001434614sand:OtherGeographicalAreaMembersand:RoyaltyRevenueMembersand:GoldProductMemberifrs-full:OperatingSegmentsMembersand:OtherSegmentMember2023-01-012023-12-310001434614sand:GoldProductMemberifrs-full:OperatingSegmentsMembersand:OtherGeographicalAreaMembersand:OtherSegmentMember2023-01-012023-12-310001434614sand:OtherGeographicalAreaMembersand:RevenueFromSaleOfGoodsMembersand:CopperAndOtherMemberifrs-full:OperatingSegmentsMembersand:OtherSegmentMember2023-01-012023-12-310001434614sand:OtherGeographicalAreaMembersand:RoyaltyRevenueMembersand:CopperAndOtherMemberifrs-full:OperatingSegmentsMembersand:OtherSegmentMember2023-01-012023-12-310001434614sand:CopperAndOtherMemberifrs-full:OperatingSegmentsMembersand:OtherGeographicalAreaMembersand:OtherSegmentMember2023-01-012023-12-310001434614sand:RevenueFromSaleOfGoodsMemberifrs-full:OperatingSegmentsMember2023-01-012023-12-310001434614sand:RoyaltyRevenueMemberifrs-full:OperatingSegmentsMember2023-01-012023-12-310001434614ifrs-full:OperatingSegmentsMember2023-01-012023-12-310001434614sand:RevenueFromSaleOfGoodsMemberifrs-full:MaterialReconcilingItemsMembersand:AdministrativeAndProjectEvaluationExpensesMember2023-01-012023-12-310001434614sand:RoyaltyRevenueMemberifrs-full:MaterialReconcilingItemsMembersand:AdministrativeAndProjectEvaluationExpensesMember2023-01-012023-12-310001434614ifrs-full:MaterialReconcilingItemsMembersand:AdministrativeAndProjectEvaluationExpensesMember2023-01-012023-12-310001434614sand:RevenueFromSaleOfGoodsMemberifrs-full:MaterialReconcilingItemsMembersand:GainLossOnRevaluationOfInvestmentsMember2023-01-012023-12-310001434614sand:RoyaltyRevenueMemberifrs-full:MaterialReconcilingItemsMembersand:GainLossOnRevaluationOfInvestmentsMember2023-01-012023-12-310001434614ifrs-full:MaterialReconcilingItemsMembersand:GainLossOnRevaluationOfInvestmentsMember2023-01-012023-12-310001434614sand:RevenueFromSaleOfGoodsMemberifrs-full:MaterialReconcilingItemsMembersand:FinanceCostsMember2023-01-012023-12-310001434614sand:RoyaltyRevenueMemberifrs-full:MaterialReconcilingItemsMembersand:FinanceCostsMember2023-01-012023-12-310001434614ifrs-full:MaterialReconcilingItemsMembersand:FinanceCostsMember2023-01-012023-12-310001434614sand:RevenueFromSaleOfGoodsMemberifrs-full:MaterialReconcilingItemsMembersand:OtherGainLossMember2023-01-012023-12-310001434614sand:RoyaltyRevenueMemberifrs-full:MaterialReconcilingItemsMembersand:OtherGainLossMember2023-01-012023-12-310001434614ifrs-full:MaterialReconcilingItemsMembersand:OtherGainLossMember2023-01-012023-12-310001434614sand:RevenueFromSaleOfGoodsMemberifrs-full:MaterialReconcilingItemsMember2023-01-012023-12-310001434614sand:RoyaltyRevenueMemberifrs-full:MaterialReconcilingItemsMember2023-01-012023-12-310001434614ifrs-full:MaterialReconcilingItemsMember2023-01-012023-12-310001434614sand:RevenueFromSaleOfGoodsMember2023-01-012023-12-310001434614sand:RoyaltyRevenueMember2023-01-012023-12-310001434614sand:RoyaltyRevenueMembersand:CopperProductMembersand:AntaminaSegmentMember2023-01-012023-12-310001434614sand:RoyaltyRevenueMembersand:OtherBaseMetalProductMembersand:AntaminaSegmentMember2023-01-012023-12-310001434614sand:GoldProductMembersand:MercedesSegmentMember2023-01-012023-12-310001434614sand:SilverProductMembersand:MercedesSegmentMember2023-01-012023-12-310001434614country:CAsand:OtherSegmentMember2023-01-012023-12-310001434614country:MXsand:OtherSegmentMember2023-01-012023-12-310001434614country:BRsand:OtherSegmentMember2023-01-012023-12-310001434614country:TRsand:OtherSegmentMember2023-01-012023-12-310001434614country:ARsand:OtherSegmentMember2023-01-012023-12-310001434614sand:OtherGeographicalAreaMembersand:OtherSegmentMember2023-01-012023-12-310001434614sand:GoldProductMembersand:OtherSegmentMember2023-01-012023-12-310001434614sand:OtherBaseMetalProductMembersand:OtherSegmentMember2023-01-012023-12-310001434614sand:DiamondsProductMembersand:OtherSegmentMember2023-01-012023-12-310001434614sand:CopperProductMembersand:OtherSegmentMember2023-01-012023-12-310001434614sand:OtherSegmentMember2023-01-012023-12-310001434614ifrs-full:OperatingSegmentsMembersand:AntaminaSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:AntaminaSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:AurizonaSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:AurizonaSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:BlyvoorSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:BlyvoorSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:BonikroSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:BonikroSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:CaseronesSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:CaseronesSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:CerroMoroSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:CerroMoroSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:ChapadaSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:ChapadaSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:FrutaDelNorteSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:FrutaDelNorteSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:GreenstoneSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:GreenstoneSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:HodMadenSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:HodMadenSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:Horne5SegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:Horne5SegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:HoundeSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:HoundeSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:HugoNorthExtensionAndHerugaSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:HugoNorthExtensionAndHerugaSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:MercedesSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:MercedesSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:PlatreefSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:PlatreefSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:ReliefCanyonSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:ReliefCanyonSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:ValeRoyaltiesSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:ValeRoyaltiesSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMembersand:OtherSegmentMember2024-12-310001434614ifrs-full:OperatingSegmentsMembersand:OtherSegmentMember2023-12-310001434614ifrs-full:OperatingSegmentsMember2024-12-310001434614ifrs-full:OperatingSegmentsMember2023-12-310001434614ifrs-full:MaterialReconcilingItemsMember2024-12-310001434614ifrs-full:MaterialReconcilingItemsMember2023-12-310001434614country:CA2024-12-310001434614country:CA2023-12-310001434614country:MX2024-12-310001434614country:MX2023-12-310001434614country:US2024-12-310001434614country:US2023-12-310001434614country:PE2024-12-310001434614country:PE2023-12-310001434614country:BR2024-12-310001434614country:BR2023-12-310001434614country:CL2024-12-310001434614country:CL2023-12-310001434614country:AR2024-12-310001434614country:AR2023-12-310001434614country:EC2024-12-310001434614country:EC2023-12-310001434614country:GF2024-12-310001434614country:GF2023-12-310001434614country:ZA2024-12-310001434614country:ZA2023-12-310001434614country:BF2024-12-310001434614country:BF2023-12-310001434614country:CI2024-12-310001434614country:CI2023-12-310001434614country:TR2024-12-310001434614country:TR2023-12-310001434614country:MN2024-12-310001434614country:MN2023-12-310001434614country:AU2024-12-310001434614country:AU2023-12-310001434614country:FJ2024-12-310001434614country:FJ2023-12-310001434614sand:OtherGeographicalAreaMember2024-12-310001434614sand:OtherGeographicalAreaMember2023-12-310001434614sand:ReceiptOfCashProceedsMember2025-01-012025-02-180001434614sand:ReceiptOfCashProceedsMember2025-02-18
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of February, 2025
Commission File Number: 001-35617
Sandstorm Gold Ltd.
(Translation of registrant’s name into English)
Suite 3200 - 733 Seymour Street
Vancouver, British Columbia
V6B 0S6 Canada
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Incorporation by Reference
Exhibit 99.1 (Annual Report for the year ended December 31, 2024 which includes Management's Discussion and Analysis for the fiscal year ended December 31, 2024 and Audited Annual Consolidated Financial Statements for the fiscal year ended December 31, 2024) and Exhibit 99.2 (Consent of PricewaterhouseCoopers LLP) to this report
on Form 6-K are deemed to be filed and incorporated by reference into this report and are hereby incorporated by reference into and as an exhibits to the registrant’s Registration Statement on Form F-10 (File No. 333-283100), as amended or supplemented, to the extent not superseded by documents or reports subsequently filed or furnished by us under the Securities Act of 1933 or the Securities Exchange Act of 1934, in each case as amended.
EXHIBIT INDEX
| | | | | | | | |
| | |
Exhibit | | Description of Exhibit |
| |
99.1 | | |
| |
99.2 | | |
| |
101 | | Interactive Data Files (formatted as Inline XBRL) |
| | |
104 | | Cover Page Interactive Data file (formatted as Inline XBRL and contained in Exhibit 101) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| | | | | | | | | | | | | | | | | | | | |
| | | | | | |
| | | | SANDSTORM GOLD LTD. |
| | | |
Date: February 18, 2025 | | | | By: | | /s/ Erfan Kazemi |
| | | | | | Name: Erfan Kazemi |
| | | | | | Title: Chief Financial Officer |