Bracemac-McLeod Mine

Zinc-Copper Royalty

PHOTOS
INFO

The Bracemac-McLeod Project is a high grade volcanogenic massive sulphide (VMS) deposit located in the historical and prolific mining district of Matagami, Quebec. Glencore Xstrata plc has been operating in the Matagami district for almost fifty years with eleven previously operating mines.  Bracemac-McLeod began operating in May 2013 at an average rate of 3,000 tonnes per day and is utilizing the Matagami Mill to produce concentrates of zinc and copper. The Matagami mill has been in operation since 1963 and underwent a recent upgrade that was completed in 2007. Historically, it has processed similar types of ore from other VMS deposits and is operating at a high availability.

Bracemac-McLeod is an underground mine with current reserves taking the mine life to four years, but the high grade inferred resources on the McLeod Deep orebody have the potential to extend the life materially. 

Bracemac-McLeod Royalty

Sandstorm has a 2.4% net smelter returns royalty ("NSR") on the production from Bracemac-McLeod. Sandstorm originally acquired a copper stream from Donner Metals Ltd., who previously held a 35% joint venture interest on Bracemac-McLeod. The copper stream was converted to a NSR when Donner announced its inability to meet the cash calls under their operating agreement with Glencore Xstrata. 

 

 

 

Bracemac-McLeod Mine | Zinc-Copper Royalty Bracemac-McLeod Mine | Zinc-Copper Royalty
Hugo North Extension and Heruga | Copper Stream Hugo North Extension and Heruga | Copper Stream
Gordon Creek Property | Natural Gas Streams Gordon Creek Property | Natural Gas Streams
Prairie Creek Mine | Zinc-Lead Royalty Prairie Creek Mine | Zinc-Lead Royalty
Serra Pelada Mine | Gold-PGM Royalty Serra Pelada Mine | Gold-PGM Royalty

Corporate Head Office

Suite 1400
400 Burrard Street
Vancouver, BC | V6C 3A6 Canada

604.689.0234
1.866.584.0234
604.689.7317

info@sandstormLTD.com
www.sandstormLTD.com

Investor Relations

Denver Harris

604.628.1178
1.866.584.0234 ext. 254

dharris@sandstormLTD.com
request more info

 
Powered by Blender Media