09:18 AM EDT, 05/24/2024 (MT Newswires) -- Sandstorm Gold ( SAND ) on Friday provided updates on various developments from the company's royalty portfolio.

Equinox Gold ( EQX ) poured the first gold at the Greenstone gold mine in Ontario, where Sandstorm holds a gold stream.

Bonterra Resources (BTR.V) reported the initial drill results from the exploration drilling program on its Phoenix joint venture with Osisko Mining ( OBNNF ) in Quebec. Sandstorm owns a net smelter returns (NSR) royalty o the project ranging from 0.5% to 3.9%.

At Endeavour Mining ( EDVMF ) 's Hounde gold mine in Burkina Faso, the company spent US$2.3 million of a proposed US$7.0 million exploration program comprising 5,328 meters of drilling. Sandstorm has a 2.0% NSR on the property.

Lundin Gold ( LUGDF ) detailed its updated reserves and resource estimate for the Fruta del Norte gold mine in Ecuador. Sandstorm owns a 0.9% NSR on the precious metals produced at the mine.

Sandstorm's share price rose 1.7% at last look to US$5.87 in U.S. pre-market trading.