Sandstorm converts Hod Maden stake into gold stream and launches Horizon Copper

NYSE- and TSX-listed Sandstorm Gold Royalties on Friday that it would reposition the company as a pure-play streamlining and royalty company with the disposal of its 30% interest in the Hod Maden copper/gold project, in Turkey.

The company would sell its interest in the project to TSX-V-listed Royalty North Partners (RNP) in a reverse takeover transaction, which would result in the launch of a mining company, Horizon Copper.