representative work

Horizon Copper Completes Purchase of Net Profits Interest in Sandstorm Gold’s Antamina Copper Mine


On June 15, 2023, Horizon Copper Corp. completed the second part of the reverse takeover transaction whereby Horizon acquired a 1.66% net profits interest in the Antamina copper mine from Sandstorm Gold Ltd.

As consideration for the Antamina net profits interest, Horizon provided Sandstorm with (i) US$20 million in cash; (ii) a 1.66% life-of-mine silver stream referenced to the silver production from Antamina; (iii) a long-term secured convertible note with principal amount of US$149.1 million, and; (iv) 2,329,849 common shares.

Cassels acted for Sandstorm.