08:59 AM EST, 12/04/2024 (MT Newswires) -- Sandstorm Gold ( SAND ) traded 0.9% lower at last look in NYSE premarket trading as it provided Wednesday exploration advancements on certain assets from its stream and royalty portfolio.

The company noted additional high-grade intercepts at Lundin Gold ( LUGDF ) Fruta del Norte gold mine in Ecuador, where it holds a 0.9% net smelter royalty (NSR) on the precious metals produced from the property.

Sandstorm also mentioned Allied Gold ( AAUCF ) 's drilling efforts to upgrade the resource at the Bonikro mine in Cote d'Ivoire, where Sandstorm has a streaming agreement ranging from 3.5% to 6%.

At Awale Resources ( AWLRF ) 's Odienne project in Cote d'Ivoire, Sandstorm said latest drill results confirmed high-grade gold mineralization. Sandstorm holds a 2.0% NSR on the project.

Troilus Gold ( CHXMF ) has also advanced its project financing efforts, securing letters of intent from Export Development Canada and three major European export credit agencies for a combined total of up to $1.3 billion to advance the Troilus copper-gold project in Quebec. Sandstorm owns a 1.0% NSR on the project.