Sandstorm Gold (SAND) 6-K 15 Feb 24 2023 FY Current report (foreign) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2023
Cover [Abstract]
Document Type	6-K
Entity Registrant Name	Sandstorm Gold Ltd.
Entity Central Index Key	0001434614
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current
Cash and cash equivalents	$ 5,003	$ 7,029
Trade and other receivables	16,065	21,394
Short-term investments	28,400	3,773
Other current assets	4,310	531
Total current assets	53,778	32,727
Non-Current
Stream, royalty and other interests	1,560,416	1,781,256
Investments in associates	57,559	27,265
Investments	230,474	126,117
Other long-term assets	29,199	7,412
Total assets	1,931,426	1,974,777
Current
Trade payables and other	16,193	19,041
Non-Current
Bank debt	435,000	497,500
Deferred income tax and other liabilities	26,252	16,831
Total Liabilities	477,445	533,372
EQUITY
Share capital	1,312,352	1,318,622
Reserves	28,716	24,647
Retained earnings	122,917	98,921
Accumulated other comprehensive loss	(34,984)	(27,490)
Equity attributable to Sandstorm Gold Ltd.’s shareholders	1,429,001	1,414,700
Non-controlling interests	24,980	26,705
Total liabilities and equity	$ 1,931,426	$ 1,974,777

Consolidated Statements of Inco

Consolidated Statements of Income (Loss) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Statement [Line Items]
Total revenue		$ 179,636	$ 148,732
Cost of sales, excluding depletion		21,677	23,366
Depletion		75,337	59,780
Total cost of sales		97,014	83,146
Gross profit		82,622	65,586
Expenses and other (income)
Administration expenses	[1]	14,373	13,394
Project evaluation	[1]	7,153	7,434
Finance expense		39,515	17,286
Gain on revaluation of investments		(15,671)	(1,756)
Contractual income from stream, royalty and other interests		(11,810)	0
Share of net loss of associates		2,141	3,654
Gain on disposal of stream, royalty and other interests		(1,949)	(25,833)
Stream, royalty and other interests impairments		1,627	1,086
Gain on disposal of investment in associate		0	(37,396)
Other		331	(52)
Income before taxes		46,912	87,769
Current income tax expense		8,706	5,261
Deferred income tax (recovery) expense		(4,503)	4,058
Total income tax expense		4,203	9,319
Net income (loss) for the year		42,709	78,450
Net income for the year attributable to:
Sandstorm Gold Ltd.’s shareholders		41,716	78,361
Non-controlling interests		$ 993	$ 89
Earnings per share attributable to Sandstorm Gold Ltd.’s shareholders:
Basic earnings per share (in dollars per share)		$ 0.14	$ 0.34
Diluted earnings per share (in dollars per share)		$ 0.14	$ 0.33
Weighted average number of common shares outstanding
Basic (in shares)		297,406,309	231,348,386
Diluted (in shares)		299,991,157	234,318,180
Sales
Statement [Line Items]
Total revenue		$ 106,584	$ 97,815
Royalty revenue
Statement [Line Items]
Total revenue		$ 73,052	$ 50,917
[1] 1. Equity settled share-based compensation (a non-cash item) is included in administration expenses and project evaluation

Consolidated Statements of In_2

Consolidated Statements of Income (Loss) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Profit or loss [abstract]
Equity settled share-based compensation (a non-cash item) is included in administration expenses and project evaluation	$ 7,616	$ 6,101

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of comprehensive income [abstract]
Net income for the year	$ 42,709	$ 78,450
Items that may subsequently be reclassified to net income:
Currency translation differences	(65)	(12,900)
Currency translation differences reclassified to net income	0	149,473
Items that will not subsequently be reclassified to net income:
Loss on FVTOCI investments and other	(8,520)	(8,450)
Tax recovery on FVTOCI investments	1,091	896
Total other comprehensive (loss) gain for the year	(7,494)	129,019
Total comprehensive income for the year	$ 35,215	$ 207,469

Consolidated Statements of Cash

Consolidated Statements of Cash Flow - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
OPERATING ACTIVITIES
Net income for the year	$ 42,709	$ 78,450
Items not affecting cash:
Depletion and depreciation	75,927	60,239
Interest expense and financing amortization	39,400	17,193
Gain on revaluation of investments	(15,671)	(1,756)
Share-based payments	7,616	6,101
Deferred income tax (recovery) expense	(4,503)	4,058
Share of net loss of associates	2,141	3,654
Gain on disposal of stream, royalty and other interests	(1,949)	(25,833)
Stream, royalty and other interests impairments	1,627	1,086
Unrealized foreign exchange loss	1,349	765
Gain on disposal of investment in associate	0	(37,396)
Other	2,411	3,245
Changes in non-cash working capital	1,697	(2,890)
Total operating activities	152,754	106,916
INVESTING ACTIVITIES
Acquisition of investments and other assets	(30,534)	(33,432)
Acquisition of stream, royalty, and other interests	(20,943)	(620,790)
Proceeds from disposal of stream, royalty and other interests	23,554	38,113
Proceeds from disposal of investments and other	5,741	7,255
Investment in Hod Maden interest	0	(3,818)
Total investing activities	(22,182)	(612,672)
FINANCING ACTIVITIES
Bank debt drawn	41,500	653,122
Bank debt repaid	(104,000)	(212,372)
Interest paid	(35,720)	(15,159)
Dividends paid	(17,736)	(13,637)
Redemption of common shares (normal course issuer bid) and other	(15,970)	(421)
Proceeds from issuance of common shares net of financing costs	0	86,031
Total financing activities	(131,926)	497,564
Effect of exchange rate changes on cash and cash equivalents	(672)	(945)
Net decrease in cash and cash equivalents	(2,026)	(9,137)
Cash and cash equivalents — beginning of the year	7,029	16,166
Cash and cash equivalents — end of the year	$ 5,003	$ 7,029

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity $ in Thousands	USD ($) shares	Nomad Royalty USD ($)	BaseCore USD ($)	Total equity attributable to Sandstorm Gold Ltd.’s shareholders USD ($)	Total equity attributable to Sandstorm Gold Ltd.’s shareholders Nomad Royalty USD ($)	Total equity attributable to Sandstorm Gold Ltd.’s shareholders BaseCore USD ($)	Share Capital USD ($) shares	Share Capital Nomad Royalty USD ($) shares	Share Capital BaseCore USD ($) shares	Share Options, Warrants and Restricted Share Rights USD ($)	Retained Earnings USD ($)	Accumulated Other Comprehensive Loss USD ($)	Non-controlling interests USD ($)
Equity, beginning balance (in shares) at Dec. 31, 2021 | shares							191,653,454
Equity, beginning balance at Dec. 31, 2021	$ 592,638			$ 592,638			$ 694,675			$ 18,903	$ 35,569	$ (156,509)	$ 0
Shares issued for acquisition (in shares) | shares								74,382,930	13,495,276
Shares issued for acquisition		$ 454,089	$ 75,304		$ 454,089	$ 75,304		$ 454,089	$ 75,304
Warrants and options issued for Nomad Royalty acquisition	2,776			2,776						2,776
Acquisition of CMC non-controlling interest	27,568												27,568
Shares issued in equity financing (in shares) | shares							18,055,000
Shares issued in equity financing	$ 92,081			92,081			$ 92,081
Options exercised (in shares) | shares	1,130,218						1,130,218
Options exercised	$ 4,694			4,694			$ 6,124			(1,430)
Warrants exercised (in shares) | shares							484
Warrants exercised	5			5			$ 5
Vesting of restricted share rights (in shares) | shares							314,100
Vesting of restricted share rights							$ 1,703			(1,703)
Acquisition and cancellation of common shares (normal course issuer bid) (in shares) | shares							(187,801)
Acquisition and cancellation of common shares (normal course issuer bid)	(940)			(940)			$ (940)
Share-based payments	6,101			6,101						6,101
Share issuance costs	(4,419)			(4,419)			$ (4,419)
Dividends declared	(15,961)			(15,009)							(15,009)		(952)
Total comprehensive income (loss)	207,469			207,380							78,361	129,019	89
Equity, ending balance (in shares) at Dec. 31, 2022 | shares							298,843,661
Equity, ending balance at Dec. 31, 2022	$ 1,441,405			1,414,700			$ 1,318,622			24,647	98,921	(27,490)	26,705
Options exercised (in shares) | shares	1,147,066						1,147,066
Options exercised	$ 5,071			5,071			$ 6,102			(1,031)
Vesting of restricted share rights (in shares) | shares							463,506
Vesting of restricted share rights							$ 2,516			(2,516)
Acquisition and cancellation of common shares (normal course issuer bid) (in shares) | shares							(2,787,995)
Acquisition and cancellation of common shares (normal course issuer bid)	(14,385)			(14,385)			$ (14,385)
Share-based payments	7,616			7,616						7,616
Share issuance costs	(503)			(503)			$ (503)
Dividends declared	(20,438)			(17,720)							(17,720)		(2,718)
Total comprehensive income (loss)	35,215			34,222							41,716	(7,494)	993
Equity, ending balance (in shares) at Dec. 31, 2023 | shares							297,666,238
Equity, ending balance at Dec. 31, 2023	$ 1,453,981			$ 1,429,001			$ 1,312,352			$ 28,716	$ 122,917	$ (34,984)	$ 24,980

Nature of Operations

Nature of Operations	12 Months Ended
	Dec. 31, 2023
Disclosure Of Nature Of Operations [Abstract]
Nature of Operations	Nature of Operations Sandstorm Gold Ltd. was incorporated under the Business Corporations Act of British Columbia on March 23, 2007. Sandstorm Gold Ltd. and its subsidiary entities (collectively “Sandstorm”, “Sandstorm Gold” or the “Company”) is a resource-based company that seeks to acquire gold and other metals purchase agreements (“Gold Streams” or “Streams”) and royalties from companies that have advanced stage development projects or operating mines. In return for making an upfront payment to acquire a Stream or royalty, Sandstorm receives the right to purchase, at a fixed price per unit or at a fixed percentage of the spot price, a percentage of a mine’s production for the life of the mine (in the case of a Stream) or a portion of the revenue generated from the mine (in the case of a royalty). The head office, principal address and registered office of the Company are located at Suite 3200, 733 Seymour Street, Vancouver, British Columbia V6B 0S6. These consolidated financial statements were authorized for issue by the Board of Directors of the Company on February 15, 2024.

Summary of Material Accounting

Summary of Material Accounting Policies	12 Months Ended
	Dec. 31, 2023
Disclosure Of Material Accounting Policies [Abstract]
Summary of Material Accounting Policies	Summary of Material Accounting Policies A Statement of Compliance These consolidated financial statements, including comparatives, have been prepared in accordance with International Financial Reporting Standards Accounting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards” or "IFRS"). B Basis of Presentation These consolidated financial statements have been prepared on a historical cost basis except for certain financial instruments, which are measured at fair value. The consolidated financial statements are presented in United States dollars, and all values are rounded to the nearest thousand except as otherwise indicated. C Principles of Consolidation These consolidated financial statements include the accounts of the Company and its subsidiaries which are wholly owned: Inversiones Mineras Australes Holdings (BVI) Inc., Inversiones Mineras Australes S.A., Premier Royalty U.S.A. Inc., SA Targeted Investing Corp., Sandstorm Metals & Energy (US) Inc. Coral Resources Inc., and Nomad Royalty Company Ltd. Subsidiaries are fully consolidated from the date the Company obtains control and continue to be consolidated until the date that control ceases. These consolidated financial statements also include the accounts of the Company’s 67.5% interest in Compañia Minera Caserones (“CMC”). The non-controlling interest related to this entity has been recorded in equity. Sandstorm consolidates the results of CMC on a 100% basis, with the proportionate share of net income (loss) and comprehensive (loss) attributable to owners of the Company and non-controlling interest presented separately. Control is achieved when the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. All intercompany balances, transactions, revenues and expenses have been eliminated on consolidation. D Investments in Associates An associate is an entity over which the Company has significant influence and is neither a subsidiary nor a joint arrangement. The Company has significant influence when it has the power to participate in the financial and operating policy decisions of the associate but does not have control or joint control over those policies. The Company accounts for its investments in associates using the equity method. Under the equity method, the Company’s investments in associates are initially recognized at cost when acquired and subsequently increased or decreased to recognize the Company’s share of net income and losses of the associate, after any adjustments necessary to give effect to uniform accounting policies, any other movement in the associate’s reserves, and for impairment losses after the initial recognition date. The Company’s share of income and losses of the associate is recognized in net income during the period. Unrealized gains on transactions between the Company and an associate are eliminated to the extent of the Company’s interest in the associate. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Dilution gains and losses arising from changes in interests in investments in associates are recognized in the consolidated statement of income or loss. Dividends received from the associate are accounted for as a reduction in the carrying amount of the Company’s investment. E Stream, Royalty and Other Interests Stream, royalty and other interests consist of acquired royalty and Stream metal purchase agreements. These interests are recorded at cost and capitalized as long term tangible assets with finite lives. They are subsequently measured at cost less accumulated depletion and accumulated impairment losses, if any. Project evaluation costs that are not related to a specific agreement are expensed in the period incurred. Stream, royalty and other interests related to producing mines are depleted using the units-of-production method over the life of the property to which the agreement relates, which is estimated using available information of proven and probable Reserves and the portion of Resources expected to be classified as Mineral Reserves at the mine corresponding to the specific interest. On acquisition of a Stream, royalty or other interest, an allocation of its cost may be attributed to the exploration potential of the interest and is recorded as a non-depletable asset on the acquisition date. The value of the exploration potential is accounted for by reference to IFRS 6, Exploration and Evaluation of Mineral Resources and is not depleted until such time as the technical feasibility and commercial viability have been established at which point the value of the asset is accounted for by reference to IAS 16, Property, Plant and Equipment. F Impairment of Stream, Royalty and Other Interests Evaluation of the carrying values of each Stream, royalty and other interest is undertaken when events or changes in circumstances indicate that the carrying values may not be recoverable and at each reporting period. If any indication of impairment exists, the recoverable amount is estimated to determine the extent of any impairment loss. The recoverable amount is the higher of the fair value less costs of disposal and value in use. Fair value is the price that would be received from selling an asset in an orderly transaction between market participants at the measurement date. Costs of disposal are incremental costs directly attributable to the disposal of an asset. Fair value less costs of disposal is usually estimated using a discounted cash flow approach. Estimated future cash flows are calculated using estimated production, sales prices, and a discount rate. Estimated production is determined using current Reserves and the portion of Resources expected to be classified as Mineral Reserves as well as exploration potential expected to be converted into Resources. Estimated sales prices are determined by reference to a long-term metal price forecasts by analysts and management’s expectations. The discount rate is estimated using a discount rate incorporating analyst views and management’s expectations to value precious metal royalty companies. Value in use is determined as the present value of future cash flows expected to be derived from continuing use of an asset in its present form for those assets where value in use exceeds fair value less costs of disposal. If it is determined that the recoverable amount is less than the carrying value, then an impairment is recognized within net income (loss) immediately. An assessment is made at each reporting period if there is any indication that a previous impairment loss may no longer exist or has decreased. If any indications are present, the carrying amount of the Stream, royalty and other interest is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount net of depletion that would have been determined had no impairment loss been recognized for the Stream, royalty and other interest in previous periods. G Revenue Recognition Revenue is comprised of revenue earned in the period from contracts with customers under each of its royalty and Stream interests. The Company has determined that each unit of a commodity that is delivered to a customer under a royalty and Stream interest is a performance obligation for the delivery of a good that is separate from each other unit of the commodity to be delivered under the same arrangement. In accordance with IFRS 15, the Company recognizes revenue to depict the transfer of the relevant commodity to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those commodities. For Stream interests, revenue recognition occurs when the relevant commodity received from the Stream operator is transferred by the Company to its third-party customers. For royalty interests, revenue recognition occurs when the relevant commodity is transferred to the end customer by the operator of the royalty property. Revenue is measured at the fair value of the consideration received or receivable when management can reliably estimate the amount, pursuant to the terms of the royalty agreement. In some instances, the Company will not have access to sufficient information to make a reasonable estimate of consideration to which it expects to be entitled and, accordingly, revenue recognition is deferred until management can make a reasonable estimate. Differences between estimates and actual amounts are adjusted and recorded in the period that the actual amounts are known. H Foreign Currency Translation The functional currency of the Company and its subsidiaries is the principal currency of the economic environment in which they operate. For the Company and its subsidiaries Inversiones Mineras Australes Holdings (BVI) Inc., Inversiones Mineras Australes S.A., Premier Royalty U.S.A. Inc., SA Targeted Investing Corp., Sandstorm Metals & Energy (US) Inc., Coral Resources Inc., Nomad Royalty Company Ltd., the company's interest in CMC, the Company’s Sandbox Royalty Corp. investment in associate and the Company's Horizon Copper Corp. investment in associate, the functional currency is the U.S. dollar. Transactions in foreign currencies are initially recorded in the entity’s functional currency as the rate on the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the closing rate as at the reporting date. I Financial Instruments The Company’s financial instruments consist of cash and cash equivalents, trade receivables and other, short and long-term investments, loans receivable, trade payables and other and bank debt. All financial instruments are initially recorded at fair value and designated as follows: Cash and cash equivalents, trade receivables and other, and loans receivable are classified as financial assets at amortized cost and trade payables and other and bank debt are classified as financial liabilities at amortized cost. Both financial assets at amortized cost and financial liabilities at amortized cost are measured at amortized cost using the effective interest method. The Company’s financial assets which are subject to credit risk include cash and cash equivalents, trade receivables and other and loans receivable. At December 31, 2022 and December 31, 2023, the Company determined that the expected credit losses on its financial assets were nominal. There were no material impairment losses recognized on financial assets during the years ended December 31, 2023 and December 31, 2022. Investments in common shares are held for long-term strategic purposes and not for trading. The Company has made an irrevocable election to designate all these investments as fair value through other comprehensive income (“FVTOCI”) in order to provide a more meaningful presentation based on management’s intention, rather than reflecting changes in fair value in net income. Such investments are measured at fair value at the end of each reporting period, with any gains or losses arising on re-measurement recognized as a component of other comprehensive income under the classification of gain (loss) on revaluation of investments. Cumulative gains and losses are not subsequently reclassified to profit or loss. Investments in warrants and convertible debt instruments are classified as fair value through profit or loss (“FVTPL”). These warrants and convertible debt instruments are measured at fair value at the end of each reporting period, with any gains or losses arising on re-measurement recognized as a component of net income (loss) under the classification of gain (loss) on revaluation of investments. Transaction costs on initial recognition of financial instruments classified as FVTPL are expensed as incurred. Transaction costs incurred on initial recognition of financial instruments classified as loans and receivables, FVTOCI and other financial liabilities are recognized at their fair value amount and offset against the related loans and receivables or capitalized when appropriate. Financial assets are derecognized when the contractual rights to the cash flows from the asset expire. Financial liabilities are derecognized only when the Company’s obligations are discharged, cancelled or they expire. On derecognition, the difference between the carrying amount (measured at the date of derecognition) and the consideration received (including any new asset obtained less any new liability obtained) is recognized in profit or loss. In August 2020, the International Accounting Standards Board issued Interest Rate Benchmark Reform – Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16) (“IBOR Amendments”), which is applied to potential changes in contractual cash flows of a financial asset or financial liability as a result of replacing an interest rate benchmark with an alternative benchmark rate. The Company has adopted the IBOR Amendments retrospectively. The new standard did not have a material impact on the Company’s consolidated financial statements. J Inventory When refined gold or the applicable commodity, under the Stream agreement, is delivered to the Company, it is recorded as inventory. The amount recognized for inventory includes both the cash payment and the related depletion associated with the related Stream interest. K Cash and Cash Equivalents Cash and cash equivalents include cash on account, demand deposits and money market investments with maturities from the date of acquisition of three months or less, which are readily convertible to known amounts of cash and are subject to insignificant changes in value. L Income Taxes Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used are those that are substantively enacted at the reporting date. Deferred income taxes are provided for using the liability method on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for accounting. The change in the net deferred income tax asset or liability is included in income except for deferred income tax relating to equity items which is recognized directly in equity, and relating to investments in common shares designated as FVTOCI which is recognized in other comprehensive income. The income tax effects of differences in the periods when revenue and expenses are recognized in accordance with Company accounting practices, and the periods they are recognized for income tax purposes are reflected as deferred income tax assets or liabilities. Deferred income tax assets and liabilities are measured using the substantively enacted statutory income tax rates which are expected to apply to taxable income in the years in which the assets are realized or the liabilities settled. A deferred tax asset is recognized for unused tax losses, tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available for utilization. Temporary differences are not provided for the initial recognition of assets or liabilities that affect neither accounting nor taxable earnings. Deferred income tax assets and liabilities are offset only if a legally enforceable right exists to offset current tax assets against liabilities and the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority on the same taxable entity and are intended to be settled on a net basis. The determination of current and deferred taxes requires interpretations of tax legislation, estimates of expected timing of reversal of deferred tax assets and liabilities, and estimates of future earnings. M Share Capital and Share Purchase Warrants The proceeds from the issue of units are allocated between common shares and share purchase warrants (with an exercise price denominated in U.S. dollars) on a pro-rata basis based on relative fair values at the date of issuance. The fair value of common shares is based on the market closing price on the date the units are issued and the fair value of share purchase warrants is determined using the quoted market price or if the warrants are not traded, using the Black-Scholes Model (“BSM”) as of the date of issuance. Equity instruments issued to agents as financing costs are measured at their fair value at the date the services were provided. Upon exercise, the original consideration is reallocated from share purchase warrants reserve to issued share capital along with the associated exercise price. Original consideration associated with expired share purchase warrants is reallocated to issued share capital. N Earnings Per Share Basic earnings per share is computed by dividing the net income available to Sandstorm common shareholders by the weighted average number of common shares issued and outstanding during the period. Diluted earnings per share is calculated assuming that outstanding share options and share purchase warrants, with an average market price that exceeds the average exercise prices of the options and warrants for the year, are exercised and the proceeds are used to repurchase shares of the Company at the average market price of the common shares for the year. O Share Based Payments The Company recognizes share based compensation expense for all share purchase options and restricted share rights (“RSRs”) awarded to employees, officers and directors based on the fair values of the share purchase options and RSRs at the date of grant. The fair values of share purchase options and RSRs at the date of grant are expensed over the vesting periods of the share purchase options and RSRs, respectively, with a corresponding increase to equity. The fair value of share purchase options is determined using the BSM with market related inputs as of the date of grant. Share purchase options with graded vesting schedules are accounted for as separate grants with different vesting periods and fair values. The fair value of RSRs is the market value of the underlying shares at the date of grant. At the end of each reporting period, the Company re-assesses its estimates of the number of awards that are expected to vest and recognizes the impact of any revisions to this estimate in the Consolidated Statements of Income (Loss). The BSM requires management to estimate the expected volatility and expected term of the equity instrument, the risk-free rate of return over the term, expected dividends, and the number of equity instruments expected to ultimately vest. The Company uses its competitors market data with respect to expected volatility and expected dividend yield to the extent these factors are indicative of the Company’s future expectations. The expected term is estimated using historical exercise data, and the number of equity instruments expected to vest is estimated using historical forfeiture data. P Related Party Transactions Parties are considered related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party. Parties are also considered related if they are subject to common control or significant influence. A transaction is considered a related party transaction when there is a transfer of resources or obligations between related parties. Q Segment Reporting An operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur expenses. The Company’s operating segments are components of the Company’s business for which discrete financial information is available and which are reviewed regularly by the Company’s Chief Executive Officer to make decisions about resources to be allocated to the segment and assess its performance. R Leases Upon lease commencement, the Company recognizes a right-of-use asset and a corresponding lease liability unless the lease term is twelve months or less or the underlying asset has a low value. Lease liabilities are initially measured at the present value of the lease payments payable over the lease term, discounted at the rate implicit in the lease; if this rate cannot be determined, the incremental borrowing rate is used. Lease liabilities are subsequently measured by increasing the carrying amount to reflect interest on the lease liability, using the effective interest method, and by reducing the carrying amount to reflect the lease payments made. Right-of-use assets are initially measured at the amount of the lease liability plus any initial direct costs incurred and are amortized over the life of the lease on a straight-line basis. Lease liabilities and right-of-use assets are re-measured when there are changes to the terms of the lease. S Non-controlling Interests The Company owns a 67.5% interest in Compañia Minera Caserones (“CMC”), which holds the Caserones Royalty. The non-controlling interest related to this entity has been recorded in equity. Sandstorm consolidates the results of CMC on a 100% basis, with the proportionate share of net income (loss) and comprehensive income (loss) attributable to owners of the Company and non-controlling interest presented separately. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the Company’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original acquisition and the non-controlling interest’s share of changes in equity since the date of the acquisition. New and Amended Accounting Policies The Company has applied the following accounting standard amendments which are effective January 1, 2023. New and amended accounting standards that are not applicable to the Company have been excluded from this note. The amendments listed below did not have any impact on the amounts recognized in prior and current periods and are not expected to significantly impact future periods. • Definition of Accounting Estimates – amendments to IAS 8 • Disclosure of Accounting Policies – amendments to IAS 1 and IFRS Practice Statement 2 Certain amendments to accounting standards have been published that are not mandatory for the December 31, 2023 reporting periods and have not been early adopted by the Company. These amendments are not expected to have a material impact on the entity in the current or future reporting periods.

Key Sources of Estimation Uncer

Key Sources of Estimation Uncertainty and Critical Accounting Judgments	12 Months Ended
	Dec. 31, 2023
Disclosure Of Key Sources Of Estimation Uncertainty And Critical Accounting Judgments [Abstract]
Key Sources of Estimation Uncertainty and Critical Accounting Judgments	Key Sources of Estimation Uncertainty and Critical Accounting Judgments The preparation of the Company’s consolidated financial statements in conformity with IFRS Accounting Standards requires management to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities and contingent liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are continuously evaluated and are based on management’s experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. However, actual outcomes can differ from these estimates. Information about significant sources of estimation uncertainty and judgments made by management in preparing the consolidated financial statements are described below. A Attributable Reserve and Resource Estimates Stream, royalty and other interests are a significant class of assets of the Company, with a carrying value of $1,560.4 million at December 31, 2023 (2022 — $1,781.3 million). This amount represents the capitalized expenditures related to the acquisition of the Stream, royalty and other interests net of accumulated depletion and any impairments. The Company estimates the Reserves and Resources relating to each interest. Management estimates Mineral Reserves and Resources based on information compiled by appropriately qualified persons. Reserves and Resources are estimates of the amount of minerals that can be economically and legally extracted from the mining properties at which the Company has Stream and royalty interests, adjusted where applicable to reflect the Company’s percentage entitlement to minerals produced from such mines. The public disclosures of Reserves and Resources that are released by the operators of the interests involve assessments of geological and geophysical studies and economic data and the reliance on a number of assumptions, including commodity prices and production costs. The estimates of Reserves and Resources may change based on additional knowledge gained subsequent to the initial assessment. Changes in the estimates of Reserves or Resources may impact the carrying value of the Company’s Stream, royalty and other interests and depletion charges. The Company’s Stream and royalty interests are depleted on a units-of-production basis, with estimated recoverable Reserves and Resources being used to determine the depletion rate for each of the Company’s Stream and royalty interests. These calculations require determination of the amount of recoverable Resources to be converted into Reserves. Changes to depletion rates are accounted for prospectively. B Investments In the normal course of operations, the Company invests in equity interests of other entities. In such circumstances, management considers whether the facts and circumstances pertaining to each such investment result in the Company obtaining control, joint control or significant influence over the investee entity. In some cases, the determination of whether or not the Company controls, jointly controls or significantly influences the investee entities requires the application of significant management judgment to consider individually and collectively such factors as: • The purpose and design of the investee entity. • The ability to exercise power, through substantive rights, over the activities of the investee entity that significantly affect its returns. • The size of the Company’s equity ownership and voting rights, including potential voting rights. • The size and dispersion of other voting interests, including the existence of voting blocks. • Other investments in or relationships with the investee entity including, but not limited to, current or possible board representation, royalty and/or Stream investments, loans and other types of financial support, material transactions with the investee entity, interchange of managerial personnel or consulting positions. • Other relevant and pertinent factors. If it is determined that the Company neither has control, joint control or significant influence over an investee entity, the Company accounts for the corresponding investment in equity interest at fair value through other comprehensive income as further described in note 2. C Income Taxes The interpretation of existing tax laws or regulations in Canada, the United States of America, Australia, Argentina, Ecuador, Turkey, Guernsey, Mexico, Brazil, Chile or any of the countries in which the mining operations are located or to which shipments of gold and other metals are made requires the use of judgment. Differing interpretation of these laws or regulations could result in an increase in the Company’s taxes, or other governmental charges, duties or impositions. To the extent there are uncertain tax provisions, the Company measures the impact of the uncertainty using the method that best predicts the resolution of the uncertainty. The judgements and estimates made to recognize and measure the effect of uncertain tax treatments are reassessed whenever circumstances change or when there is new information that affects those judgements. In addition, the recoverability of deferred income tax assets, including expected periods of reversal of temporary differences and expectations of future taxable income, are assessed by management at the end of each reporting period and adjusted, as necessary, on a prospective basis. Refer to note 10 for more information. D Impairment of Assets There is judgment required to determine whether any indication of impairment exists at the end of each reporting period for each Stream, royalty and other interest and investment in associate, including assessing whether there are observable indications that the asset’s value has declined during the period. Management uses judgment when assessing whether there are indicators of impairment, such as significant changes in future commodity prices, discount rates, operator Reserve and Resource estimates or other relevant information received from the operators that indicates production from Stream and royalty interests will not likely occur or may be significantly reduced in the future. If such an indication exists, the recoverable amount of the interest is estimated in order to determine the extent of the impairment (if any). The recoverable amount is the higher of the fair value less costs of disposal and value in use. The calculation of the recoverable amount requires the use of estimates and assumptions such as long-term commodity prices, discount rates, and operating performance. The recoverable amount is determined using a discounted cash flow model. The discount rate is based on the Company’s weighted average cost of capital, adjusted for various risks. The expected future cash flows are management’s best estimates of expected future revenues and costs. Under each method, expected future revenues reflect the estimated future production for each mine at which the Company has a Stream or royalty based on detailed life of mine plans received from each of the mine operators. Included in these forecasts is the production of Mineral Resources that do not currently qualify for inclusion in proven and probable ore Reserves where there is a high degree of confidence in its economic extraction. This is consistent with the methodology that is used to measure value beyond proven and probable Reserves when determining the fair value attributable to acquired Stream and royalty interests. Expected future revenues also reflect management’s estimated long term metal prices, which are determined based on current prices, forward pricing curves and forecasts of expected long-term metal prices prepared by analysts. These estimates often differ from current price levels but are consistent with how a market participant would assess future long-term metal prices. Estimated future cash costs are established based on the terms of each Stream, royalty and other interest, as disclosed in note 16 to the financial statements. E Accounting for Acquisition of Assets and Stream, Royalty and Other Interests The Company’s business is the acquisition of Streams, royalties and other interests. Each Stream, royalty and other interest has its own unique terms and judgement is required to assess the appropriate accounting treatment. The determination of whether an acquisition should be accounted for as a Stream, royalty and other interest or a financial instrument requires the consideration of factors such as (i) the terms of the agreement; (ii) the applicability of the own use exemption under IFRS 9; (iii) whether there is a contractual commitment to repay amounts under the Stream; and (iv) the expected timing and amount of future deliveries of gold, silver and other commodities under the Stream with reference to the existing mine plan. The assessment of whether an acquisition meets the definition of a business, or a group of assets acquired is another area of key judgement. If deemed to be a business combination, applying the acquisition method to business combinations requires each identifiable asset and liability to be measured at its acquisition date fair value. The excess, if any, of the fair value of the consideration over the fair value of the net identifiable assets acquired is recognized as goodwill. If deemed to be an asset acquisition, consideration paid on acquisition date is allocated on a pro-rata basis to the assets acquired based on their relative fair value. For both business combinations and acquisitions of a group of assets, the determination of the acquisition date fair values often requires management to make assumptions and estimates about future events. To estimate the fair value of Stream, royalty and other interests, management utilizes a discounted cash flow model. The assumptions and estimates with respect to determining the fair value of Stream, royalty and other interests generally require a high degree of judgement and include estimates of conversion of Mineral Reserves and Resources acquired, estimated future production, future commodity prices and discount rates. Estimates of Mineral Reserves and Resources along with the estimated future production serve to determine the mine life. Changes in any of the assumptions or estimates used in determining the fair value of acquired assets and liabilities could impact the amounts assigned to assets and liabilities. Similar judgments are applied to Stream, royalty and other interests received as consideration. F Functional Currency The functional currency for each of the Company’s subsidiaries and associates is the currency of the primary economic environment in which the entity operates. Determination of functional currency may involve certain judgments to determine the primary economic environment and the Company reconsiders the functional currency of its entities if there is a change in events and conditions which determine the primary economic environment.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]
Financial Instruments	Financial Instruments A Capital Risk Management The Company manages its capital such that it endeavors to continue as a going concern while maximizing the return to stakeholders through the optimization of the debt and equity balance. At December 31, 2023, the capital structure of the Company consisted of $1,429.0 million (December 31, 2022 — $1,414.7 million) of equity attributable to common shareholders, comprising issued share capital (note 11), accumulated reserves, retained earnings and other comprehensive loss. The Company was not subject to any externally imposed capital requirements. The Company complies with certain covenants under the Revolving Facility agreement governing bank debt. The Company was in compliance with the debt covenants as at December 31, 2023. B Fair Value Estimation The fair value hierarchy establishes three levels to classify the inputs of valuation techniques used to measure fair value. As required by IFRS 13, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The three levels of the fair value hierarchy are described below: Level 1 |  Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Investments in common shares and warrants held that have direct listings on an exchange are classified as Level 1. Level 2 |  Quoted prices in markets that are not active, quoted prices for similar assets or liabilities in active markets, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. Investments in warrants and convertible debt instruments held that are not listed on an exchange are classified as Level 2. The fair value of warrants, convertible debt instruments and related instruments are determined using a Black-Scholes model based on relevant assumptions including the risk free interest rate, expected dividend yield, expected volatility and expected warrant life which are supported by observable current market conditions. The use of reasonably possible alternative assumptions would not significantly impact the Company’s results. Level 3 |  Inputs that are unobservable (supported by little or no market activity). When a fair value measurement of a Stream, royalty and other interest is required, it is determined using unobservable discounted future cash flows. As a result, the fair values are classified within Level 3 of the fair value hierarchy. The following table sets forth the Company's financial assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as at December 31, 2023 and December 31, 2022. As at December 31, 2023: In $000s Total Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs SHORT-TERM INVESTMENTS Convertible debt $ 9,770 $ — $ 9,770 $ — LONG-TERM INVESTMENTS Common shares held $ 17,682 $ 17,682 $ — $ — Warrants and other 1,628 — 1,628 — Convertible debt 211,164 — 211,164 — $ 240,244 $ 17,682 $ 222,562 $ — As at December 31, 2022: In $000s Total Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs SHORT-TERM INVESTMENTS Convertible debt $ 1,272 $ — $ 1,272 $ — LONG-TERM INVESTMENTS Common shares held $ 19,025 $ 19,025 $ — $ — Warrants and other 2,088 — 2,088 — Convertible debt 105,004 — 105,004 — $ 127,389 $ 19,025 $ 108,364 $ — The fair value of the Company's other financial instruments, which include cash and cash equivalents, trade and other receivables, loans receivable which are included in investments, and trade payables and other, approximate their carrying values at December 31, 2023 and December 31, 2022 due to their short-term nature. The fair value of the Company’s bank debt, which is measured using Level 2 inputs, approximates its carrying value due to the nature of its market-based rate of interest. There were no transfers between the levels of the fair value hierarchy during the year ended December 31, 2023 and the year ended December 31, 2022. C Credit Risk The Company’s credit risk is limited to cash and cash equivalents, loans receivable which are included in investments, trade and other receivables, and the Company’s investments in convertible debentures. The Company’s trade and other receivables are subject to the credit risk of the counterparties who own and operate the mines underlying Sandstorm’s royalty portfolio. Generally, the Company's cash and cash equivalents held at financial institutions are in excess of the applicable deposit insurance company coverage limits. In order to mitigate its exposure to credit risk, the Company closely monitors its financial assets and maintains its cash deposits in several high-quality financial institutions. The impact of expected credit losses on trade receivables and financial assets held at amortized cost is not material. The Company’s investments in debentures are subject to counterparties’ credit risk. In particular, the Company’s convertible debentures due from Horizon Copper Corp. (“Horizon Copper”), Bear Creek Mining Corporation (“Bear Creek”) and Sandbox Royalties Corp. (“Sandbox”) are subject to their respective credit risk, the Company’s ability to realize on its security and the net proceeds available under that security. D Liquidity Risk The Company has in place a planning and budgeting process to help determine the funds required to support the Company’s normal operating requirements on an ongoing basis. In managing liquidity risk, the Company takes into account the amount available under the Company’s revolving credit facility, anticipated cash flows from operating activities and its holding of cash and cash equivalents. As at December 31, 2023, the Company had cash and cash equivalents of $5.0 million (December 31, 2022 — $7.0 million). Sandstorm holds common shares, convertible debentures, warrants, investments and loans receivable due from other companies with a combined fair market value as at December 31, 2023 of $258.9 million (December 31, 2022 — $129.9 million). The daily exchange traded volume of these shares, including the shares underlying the warrants, may not be sufficient for the Company to liquidate its position in a short period of time without potentially affecting the market value of the shares. The Company's trade payables and other are due within one year. The Company's contractual obligations related to bank debt and interest are disclosed in note 16. E Market Risk Market risk is the risk that the fair value or cash flows of a financial instrument will fluctuate due to changes in interest rates, exchange rates or other prices such as equity prices and commodity prices. INTEREST RATE RISK The Company is exposed to interest rate risk on its bank debt and its investments in debentures. The Company’s bank debt is subject to a floating interest rate. The Company monitors its exposure to interest rates. During the year ended December 31, 2023, a 1% increase (decrease) in nominal interest rates would have increased (decreased) interest expense by approximately $5.0 million and would not have a material impact on the fair value of the Company’s investments in debentures. CURRENCY RISK Financial instruments that impact the Company’s net income (loss) or other comprehensive income (loss) due to currency fluctuations include cash and cash equivalents, loans receivable which are included in investments, trade and other receivables, lease liabilities and trade payables and other denominated in Canadian dollars. Based on the Company's Canadian dollar denominated monetary assets and monetary liabilities at December 31, 2023, a 10% increase (decrease) of the value of the Canadian dollar relative to the United States dollar would increase (decrease) net income by $2.0 million and would not have a material impact on other comprehensive income. OTHER PRICE RISK The Company is exposed to equity price risk as a result of holding investments in other mining companies. The Company does not actively trade these investments. The equity prices of investments are impacted by various underlying factors including commodity prices, the volatility in global markets as a result of expectations of inflation and global events. Based on the Company's investments held as at December 31, 2023, a 10% increase (decrease) in the equity prices of these investments would increase (decrease) other comprehensive income by $1.7 million and would not have a material impact on net income.

Stream, Royalty and Other Inter

Stream, Royalty and Other Interests	12 Months Ended
	Dec. 31, 2023
Disclosure Of Property, Plant And Equipment And Exploration And Evaluation [Abstract]
Stream, Royalty and Other Interests	Stream, Royalty and Other Interests A Carrying Amount As of and for the year ended December 31, 2023: Cost Accumulated Depletion In $000s Opening Net Additions (Disposals) Ending Opening Depletion Depletion in Ending Inventory Disposals Impairment Ending Carrying Amount Antamina, Peru $ 342,227 $ (154,545) $ 187,682 $ 5,676 $ 8,576 $ — $ (11,418) $ — $ 2,834 $ 184,848 Aurizona, Brazil 11,091 — 11,091 3,246 492 — — — 3,738 7,353 Blyvoor, 106,332 — 106,332 787 1,225 57 — — 2,069 104,263 Bonikro, 37,773 — 37,773 3,106 4,956 842 — — 8,904 28,869 Caserones, Chile 82,678 — 82,678 1,656 5,832 — — — 7,488 75,190 Cerro Moro, Argentina 74,261 — 74,261 48,292 10,753 — — — 59,045 15,216 Chapada, Brazil 69,561 — 69,561 22,905 2,761 — — — 25,666 43,895 Fruta del Norte, Ecuador 33,268 — 33,268 6,010 2,098 — — — 8,108 25,160 Greenstone, Canada 107,234 — 107,234 — — — — — — 107,234 Horne 5, Canada 78,934 — 78,934 — — — — — — 78,934 Hod Maden, Türkiye 206,969 26 206,995 — — — — — — 206,995 Houndé, Burkina Faso 45,120 — 45,120 16,100 1,835 — — — 17,935 27,185 Hugo North Extension and Heruga, Mongolia 35,352 6 35,358 — — — — — — 35,358 Mercedes, Mexico 70,809 5,089 75,898 8,144 15,787 669 — — 24,600 51,298 Platreef, 186,640 360 187,000 — — — — — — 187,000 Relief Canyon, USA 26,448 11,010 37,458 12,652 4,731 1,209 — — 18,592 18,866 Vale Royalties, Brazil 117,787 — 117,787 3,981 2,426 — — — 6,407 111,380 Other 1 609,670 (14,091) 595,579 328,343 13,865 372 — 1,627 344,207 251,372 Total 2 $ 2,242,154 $ (152,145) $ 2,090,009 $ 460,898 $ 75,337 $ 3,149 $ (11,418) $ 1,627 $ 529,593 $ 1,560,416 1. Includes Vatukoula, Black Fox, Highland Valley, El Pilar, Cortez Complex (Robertson Deposit), CEZinc, Gualcamayo, Lobo-Marte, Ağı Dağı & Kirazlı and others. 2. Stream, royalty and other interests includes non-depletable assets of $36.5 million and depletable assets of $1,523.9 million. As of and for the year ended December 31, 2022: Cost Accumulated Depletion In $000s Opening Net Additions (Disposals) Ending Opening Depletion Impairment Ending Carrying Amount Antamina, Peru $ — $ 342,227 $ 342,227 $ — $ 5,676 $ — $ 5,676 $ 336,551 Aurizona, Brazil 11,091 — 11,091 2,867 379 — 3,246 7,845 Blyvoor, — 106,332 106,332 — 787 — 787 105,545 Bonikro, — 37,773 37,773 — 3,106 — 3,106 34,667 Caserones, Chile — 82,678 82,678 — 1,656 — 1,656 81,022 Cerro Moro, Argentina 74,252 9 74,261 36,298 11,994 — 48,292 25,969 Chapada, Brazil 69,554 7 69,561 19,845 3,060 — 22,905 46,656 Fruta del Norte, Ecuador 33,268 — 33,268 3,594 2,416 — 6,010 27,258 Greenstone, Canada — 107,234 107,234 — — — — 107,234 Horne 5, Canada — 78,934 78,934 — — — — 78,934 Hod Maden, Türkiye 5,818 201,151 206,969 — — — — 206,969 Houndé, Burkina Faso 45,120 — 45,120 13,941 2,159 — 16,100 29,020 Hugo North Extension and Heruga, Mongolia 35,352 — 35,352 — — — — 35,352 Mercedes, Mexico — 70,809 70,809 — 8,144 — 8,144 62,665 Platreef, South Africa — 186,640 186,640 — — — — 186,640 Relief Canyon, USA 26,441 7 26,448 7,531 5,121 — 12,652 13,796 Vale Royalties, Brazil 117,787 — 117,787 1,444 2,537 — 3,981 113,806 Other 1 455,000 154,670 609,670 314,512 12,745 1,086 328,343 281,327 Total 2 $ 873,683 $ 1,368,471 $ 2,242,154 $ 400,032 $ 59,780 $ 1,086 $ 460,898 $ 1,781,256 1. Includes Vatukoula, Black Fox, Highland Valley, El Pilar, Cortez Complex (Robertson Deposit), CEZinc, Gualcamayo, Lobo-Marte, Ağı Dağı & Kirazlı and others. 2. Stream, royalty and other interests includes non-depletable assets of $37.8 million and depletable assets of $1,743.5 million. B Antamina Transaction In June 2023, Sandstorm closed its previously announced agreement with Horizon Copper to sell a portion of the 1.66% net profits interest on the Antamina copper mine (the "Antamina NPI") in consideration for a silver stream, debenture, equity, and cash. As a result of the transaction, which was accounted for as a partial disposition, Sandstorm recognized a $2.0 million loss. The consideration that Horizon issued to Sandstorm under the agreement includes the following: a debenture with a fair value of $122.7 million, described in further detail in note 7; a silver stream on production from Antamina with a fair value of $101.4 million; a $20 million cash payment; and $1.4 million in Horizon Copper shares, sufficient to maintain the Company's 34% interest. Sandstorm will retain a residual Antamina NPI, calculated as one third of Horizon Copper's 1.66% NPI, after deducting the cost to Horizon of delivering silver ounces under the Antamina silver stream described below. The carrying amount of the royalty retained is $86.2 million. As part of the Antamina silver stream, Sandstorm will receive silver ounces equal to 1.66% of all silver production from the Antamina mine with ongoing payments equal to 2.5% of the silver spot price. To estimate the fair value of the silver stream, management utilized a discounted cash flow model. Key assumptions used in the analysis were a 2.8% discount rate, a long term silver price of $23 per ounce and an estimated mine life of 29 years. C El Pilar and Blackwater Disposals In October 2023, Sandstorm closed its previously announced agreement to sell the El Pilar and Blackwater Royalties to Sandbox Royalties Corp. ("Sandbox") for total consideration of $25 million comprised of $10 million in cash and $15 million in common shares of Sandbox at a price of CAD0.70 per share. A gain of $4.0 million was recognized by Sandstorm on disposal of the royalties. D Bear Creek Restructuring In January 2024, Sandstorm closed its previously announced agreement to restructure its existing streams and refinance certain Bear Creek investment (the “Restructuring Agreement”). The terms of the restructured agreements are as follows: • Revised Gold stream: Effective January 1, 2024, Sandstorm will have the right to purchase 275 gold ounces per month through April 2028 and a 4.4% gold stream thereafter for an on-going cash payment of 25% of the spot price of gold for each gold ounce delivered. During 2023, Sandstorm had the right to purchase 600 gold ounces per month for ongoing per ounce cash payments equal to 7.5% of the spot price of gold. • Revised Silver stream: Effective January 1, 2024, the silver stream will be suspended through the fixed gold delivery period (through April 2028); thereafter, Sandstorm will receive 100% of the silver produced for the life of the mine for an on-going cash payment of 25% of the spot price of silver for each silver ounce delivered. During 2023, Sandstorm had the right to purchase 75,000 silver ounces per quarter for ongoing per ounce cash payments equal to 20% of the spot price of silver. • Revised Debt: Sandstorm refinanced its $22.5 million convertible debenture and a $14.0 million secured loan that was acquired by Sandstorm in 2023 into 5-year convertible notes bearing interest at 7% per annum and convertible into common shares of Bear Creek at a strike price of CAD0.73 per share (the “Refinanced Sandstorm Debentures"). On closing and in consideration for the amendments, Sandstorm also received: • Corani Royalty: a 1.0% net smelter returns royalty on Bear Creek’s wholly owned Corani project in Peru, one of the world’s largest fully permitted silver deposits. • $10 million in Non-Royalty consideration: Additional consideration comprised of 28,706,687 Bear Creek common shares and $4.3 million in principal to be added to the Refinanced Sandstorm Debentures. In connection with the Restructuring Agreement, Sandstorm agreed to make up to $8 million in additional credit available to Bear Creek (of which $5.0 million had been advanced as at December 31, 2023) prior to August 31, 2024, subject to certain conditions. Any amounts drawn under this facility will be added to the principal amount of the Refinanced Sandstorm Debentures. E Prior Year Transactions Nomad Acquisition In August 2022, the Company closed its previously announced purchase of Nomad Royalty Company (“Nomad”) for consideration of approximately 74.4 million common shares to former Nomad shareholders. The transaction was accounted for as an asset acquisition, with capitalized costs of $534.2 million being determined by reference to the fair value of the net assets acquired. The other net assets acquired in the transaction included cash and cash equivalents, accounts receivable and other assets of approximately $24.3 million, accounts payable and accrued liabilities of $9.2 million and a revolving credit facility balance of $56.8 million. Stream, royalty and other interests acquired include: the Blyvoor Gold Stream, the Bonikro Gold Stream, the Caserones NSR, the Greenstone Gold Stream, the Mercedes Gold and silver Stream, the Platreef Gold stream as well as the Robertson NSR, the Troilus royalty and the Gualcamayo NSR (included in “Other” in the table above). Additionally, in September and October 2022 respectively, the Company remitted the $56.3 million remaining up front deposit under the Platreef agreement and $81.7 million remaining up front deposit owed under the Greenstone agreement. Basecore Acquisition In July 2022, the Company closed its previously announced purchase of a portfolio of Stream, royalty and other interests from BaseCore Metals LP (“BaseCore”). Sandstorm made a payment of $425 million in cash and issued approximately 13.5 million common shares of the Company to BaseCore. The transaction was accounted for as an asset acquisition, with capitalized costs of $508.5 million being determined by reference to the fair value of the net assets acquired. Stream, royalty and other interests acquired include: the Antamina NPI, the CEZinc stream, the Highland Valley NPI, the Horne 5 NSR, and the El Pilar royalty (included in “Other” in the table above). Hod Maden In August 2022, the Company closed a previously announced transaction with Horizon Copper, including the sale of the Company’s 30% interest in the Hod Maden project to Horizon Copper, as further discussed in note 6, and the receipt of a $200 million Gold Stream on production from Hod Maden. As part of the sale, Sandstorm transferred to Horizon its 30% interest in Hod Maden as well as $10 million in cash and a 25% equity stake in Entrée Resources Ltd. ("Entrée"). Consideration provided to Sandstorm by Horizon includes the Hod Maden Gold Stream with an acquisition date fair value of $200 million, common shares of Horizon Copper, representing a 34% equity interest, and a secured 10-year convertible promissory note, which is measured at fair value through profit and loss, with a principal amount of $95 million, and fair value on acquisition of $68.3 million. Sandbox Royalties In June 2022, the Company closed its previously announced sale of a portfolio of royalties to Sandbox for $65 million composed of 34 million common shares of Sandbox at a price of CAD0.70 per share, a $15 million cash payment and a 10-year secured convertible promissory note with a principal amount of $31.4 million. A gain of $22.7 million was recognized by Sandstorm on disposal of the royalties. Royalties acquired by Sandbox include: the Hackett River NSR, the Prairie Creek NSR, the Mason NSR and several other exploration stage royalties, all included within “Other” in the table above. As a result of this transaction, Sandstorm’s position on a fully diluted basis was greater than 20% and the Company concluded that it had significant influence over Sandbox. Accordingly, it was accounted for as an investment in associate under the equity method. The initial cost of the associate includes the cost of the common shares held, which is equal to the fair value of the common shares on acquisition. Mercedes Gold Stream In April 2022, the Company closed its previously announced $60 million financing package of Bear Creek to facilitate its acquisition of the producing Mercedes gold-silver mine (“Mercedes Mine”) in Mexico from Equinox Gold Corp. The financing package included a $37.5 million Gold Stream on the Mercedes Mine and a $22.5 million convertible debenture.

Investments in Associates

Investments in Associates	12 Months Ended
	Dec. 31, 2023
Disclosure of associates [abstract]
Investments in Associates	Investments in Associates The following table summarizes the changes in the carrying amount of the Company’s investments in associates: In $000s Sandbox Horizon Hod Maden Interest Entrée Resources Ltd. Total Investments At December 31, 2021 $ — $ — $ 63,313 $ 21,276 $ 84,589 Acquisition (disposal) of investment in associate 18,647 10,687 (52,645) (20,633) (43,944) Capital investment — — 3,818 — 3,818 Company's share of net loss of associate (307) (2,124) (745) (478) (3,654) Currency translation adjustments and other (62) 424 (13,741) (165) (13,544) At December 31, 2022 $ 18,278 $ 8,987 $ — $ — $ 27,265 Capital investment — 2,279 — — 2,279 Additions 30,183 — — — 30,183 Company's share of net loss of associate (1,202) (939) — — (2,141) Currency translation adjustments and other 38 (65) — — (27) At December 31, 2023 $ 47,297 $ 10,262 $ — $ — $ 57,559 As a result of Sandstorm's equity ownership position being greater than 20% on a fully diluted basis, Sandstorm has determined that it has significant influence over Sandbox and Horizon Copper Corp.; consequently, they are related parties of the Company and any transactions with these entities are considered related party transactions. A Sandbox Royalties Corp. The Company holds 34% of the common shares of Sandbox, a stream and royalty company which is incorporated in Canada, on a non-diluted basis and accounts for this interest using the equity method. The Company records its share of Sandbox's profit or loss including adjustments, where appropriate, to give effect to uniform accounting policies. During the year ended December 31, 2023, additions to the Sandbox investment in associate relate to Sandbox shares received in consideration for the sale of the El Pilar and Blackwater royalties to Sandbox, as discussed in note 5, and Sandbox shares received as partial repayment of the convertible promissory note owed from Sandbox to Sandstorm in the period, as discussed in note 7. Summarized financial information for the Company’s interest in Sandbox on a 100% basis and reflecting adjustments made by the Company, including fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies is as follows: In $000s Year Ended December 31, 2023 Year Ended December 31, 2022 Revenue $ 1,845 $ 355 Depletion (945) (267) Administration expenses (5,762) (272) Other expenses (293) (1,341) Total net loss $ (5,155) $ (1,525) Other comprehensive loss 248 (308) Total comprehensive loss $ (4,907) $ (1,833) Company's share of comprehensive net loss of associate $ (1,164) $ 369 In $000s At December 31, 2023 At December 31, 2022 Current Assets $ 11,349 $ 6,615 Non-current Assets 147,256 71,993 Total Assets $ 158,605 $ 78,608 Current Liabilities 414 86 Non-current Liabilities 44,790 15,975 Total Liabilities $ 45,204 $ 16,061 Net Assets $ 113,401 $ 62,547 Company’s share of net assets of associate 38,556 12,600 Adjustments to Sandstorm’s share of net assets 8,741 5,678 Carrying amount of investment in associate $ 47,297 $ 18,278 Summarized financial information in respect of the Company's Sandbox investment in associate as at and for the year ended December 31, 2023 is based on amounts included in the associate’s most recent available consolidated financial statements prepared in accordance with IFRS Accounting Standards as of September 30, 2023, adjusted for material transactions during the three months ended December 31, 2023, and for adjustments made by the Company in applying the equity method, including fair value adjustments on acquisition of the interest in the associate. B Horizon Copper Corp. The Company holds 34% of the common shares of Horizon Copper, a mining company which is incorporated in Canada, on a non-diluted basis and accounts for this interest using the equity method. The Company records its share of Horizon Copper's profit or loss including adjustments, where appropriate, to give effect to uniform accounting policies. Using the quoted price of Horizon Copper's common shares, the fair value of Sandstorm's interest was $13.9 million at December 31, 2023. In August 2022 as part of the Hod Maden transaction described in note 5(e) above, the Company received an approximate 34% equity interest in Horizon Copper. As a result of this transaction the Company recognized a gain of $24.9 million on the disposal of its Hod Maden investment in associate. In determining the gain on the transaction, management estimated the fair value of the Hod Maden Gold Stream (note 5(e)) and the convertible promissory note consideration received (note 5(e)). The cumulative translation adjustment of $149.5 million previously recorded in other comprehensive income was reclassified to profit and loss at the time of disposal of this foreign operation and has been included in the calculation of the total gain on disposal. Summarized financial information for the Company’s interest in Horizon Copper on a 100% basis and reflecting adjustments made by the Company, including fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies is as follows: In $000s Year Ended December 31, 2023 Year Ended December 31, 2022 Revenue $ 4,054 $ — Depletion (4,536) — Administration expenses (1,456) (666) Other expenses (824) (5,582) Total net loss $ (2,762) $ (6,248) Other comprehensive loss $ (192) $ 1,249 Total comprehensive loss $ (2,954) $ (4,999) Company's share of comprehensive net loss of associate $ (1,004) $ (1,700) In $000s At December 31, 2023 At December 31, 2022 Current Assets $ 20,750 $ 41,360 Non-current Assets 499,495 259,523 Total Assets $ 520,245 $ 300,883 Current Liabilities 10,401 141 Non-current Liabilities 504,465 271,163 Total Liabilities $ 514,866 $ 271,304 Net Assets $ 5,379 $ 29,579 Company’s share of net assets of associate 1,829 10,057 Adjustments to Sandstorm’s share of net assets 8,433 (1,070) Carrying amount of investment in associate $ 10,262 $ 8,987 The Company has agreed to make available certain additional funds to Horizon Copper subject to certain conditions, including availability, use of proceeds and other customary conditions up to a maximum of $150 million. The facility will bear interest at SOFR plus a margin (currently 2.0% - 3.5% per annum). The maturity date of the Horizon Copper facility is August 31, 2032 and is convertible to Horizon Copper shares at the option of the Company or Horizon Copper (provided that no conversion will be effected if it would result in the Company holding a greater than 34% equity interest in Horizon Copper). No amounts have been drawn to-date. As part of the sale of the Hod Maden interest, Sandstorm provided Horizon Copper with normal course indemnification for claims arising from pre-existing matters. Sandstorm became aware that a lawsuit was filed by a former employee of the predecessor company to Horizon Copper's associate, Artmin Madencilik Sanayi ve Ticaret A.S ("Artmin"), the Turkish entity which holds the Hod Maden project. The former employee claimed that he was entitled to 1% of the value of the project as a finder's fee. Subsequent to year end, the claim was settled for an insignificant amount.

Investments

Investments	12 Months Ended
	Dec. 31, 2023
Disclosure Of Investments [Abstract]
Investments	Investments As of and for the year ended December 31, 2023: In $000s Jan. 1, 2023 Additions Disposals Transfers Fair Value Adjustment Interest Revenue Dec. 31, 2023 SHORT-TERM INVESTMENTS Convertible debt instruments 1 $ 1,272 $ 8,875 $ (6,573) $ 6,196 $ — $ — $ 9,770 Loans receivable 3 2,501 16,439 (1,054) — — 744 18,630 Total short-term investments $ 3,773 $ 25,314 $ (7,627) $ 6,196 $ — $ 744 $ 28,400 LONG-TERM INVESTMENTS Common shares 2 $ 19,025 $ 8,590 $ (1,376) $ — $ (8,557) $ — $ 17,682 Warrants and other 1 2,088 — (540) — 80 — 1,628 Convertible debt instruments 1 105,004 114,001 (17,236) (6,196) 15,591 — 211,164 Total long-term investments $ 126,117 $ 122,591 $ (19,152) $ (6,196) $ 7,114 $ — $ 230,474 Total investments $ 129,890 $ 147,905 $ (26,779) $ — $ 7,114 $ 744 $ 258,874 1. Fair value adjustment recorded within Net Income (loss) for the period. 2. Fair value adjustment recorded within Other Comprehensive Income (loss) for the period. 3. Interest revenue recorded within Net Income (loss) for the period. In June 2023 and as described in note 5 above, Sandstorm received a debenture with a face value of $149.1 million as consideration for the partial sale of its Antamina NPI to Horizon Copper. The debenture has a 10 year term and bears stated interest at approximately 3%. Principal repayments are subject to a cash sweep of the excess cash flow Horizon Copper receives from the 1.66% Antamina NPI after the Antamina silver stream and Antamina residual royalty obligations are paid and prepayment can occur at any time prior to maturity without penalty. The debenture is measured at fair value through profit and loss and its fair value at the time of the transaction was $122.7 million measured using a discount rate of approximately 6% and assumptions related to production and revenues at Antamina consistent with those described further in note 5. Also, during the year ended December 31, 2023, Sandbox issued approximately 33.8 million common shares to Sandstorm with a total value of $17.2 million as repayment for a portion of the convertible promissory note due from Sandbox to Sandstorm. As of and for the year ended December 31, 2022: In $000s Jan. 1, 2022 Additions Disposals Transfers Fair Value Adjustment Interest Revenue Dec. 31, 2022 SHORT-TERM INVESTMENTS Convertible debt instruments 1 $ — $ — $ — $ 1,272 $ — $ — $ 1,272 Loans receivable 3 5,001 — (2,787) — — 287 2,501 Total short-term investments $ 5,001 $ — $ (2,787) $ 1,272 $ — $ 287 $ 3,773 LONG-TERM INVESTMENTS Common shares 2 $ 21,486 $ 10,748 $ (4,820) $ — $ (8,389) $ — $ 19,025 Warrants and other 1 1,666 — — — 422 — 2,088 Convertible debt instruments 1 904 104,972 (934) (1,272) 1,334 — 105,004 Loans receivable 3 — 33,781 (33,311) — — (470) — Total long-term investments $ 24,056 $ 149,501 $ (39,065) $ (1,272) $ (6,633) $ (470) $ 126,117 Total investments $ 29,057 $ 149,501 $ (41,852) $ — $ (6,633) $ (183) $ 129,890 1. Fair value adjustment recorded within Net Income (loss) for the period. 2. Fair value adjustment recorded within Other Comprehensive Income (loss) for the period. 3. Interest revenue recorded within Net Income (loss) for the period.

Trade and Other Receivables

Trade and Other Receivables	12 Months Ended
	Dec. 31, 2023
Disclosure Of Trade and Other Receivables [Abstract]
Trade and Other Receivables	Trade and Other Receivables In $000s At December 31, 2023 At December 31, 2022 Trade receivables $ 15,154 $ 18,265 Other receivables 911 3,129 Total trade and other receivables $ 16,065 $ 21,394

Trade Payables and Other

Trade Payables and Other	12 Months Ended
	Dec. 31, 2023
Trade and other payables [abstract]
Trade Payables and Other	Trade Payables and Other In $000s At December 31, 2023 At December 31, 2022 Accounts payable and accrued liabilities $ 5,741 $ 3,808 Dividends payable 4,537 4,446 Withholding taxes payable 726 1,120 Other payables 1 5,189 9,667 Total trade payables and other $ 16,193 $ 19,041 1. Includes an $1.9 million payable to Horizon Copper Corp. at December 31, 2023 (December 31, 2022 - $8.3 million).

Deferred Income Tax and Other L

Deferred Income Tax and Other Liabilities	12 Months Ended
	Dec. 31, 2023
Disclosure Of Deferred Income And Other Liabilities [Abstract]
Deferred Income Tax and Other Liabilities	Deferred Income Tax and Other Liabilities A Income Taxes The income tax expense differs from the amount that would result from applying the federal and provincial income tax rate to the net income before income taxes. These differences result from the following items: In $000s Year Ended Year Ended Income before income taxes $ 46,912 $ 87,769 Canadian federal and provincial income tax rates 27 % 27 % Income tax expense based on the above rates $ 12,666 $ 23,698 Increase (decrease) due to: Non-deductible expenses and permanent differences $ 5,149 $ 2,102 Non-taxable portion of capital gain or loss (1,827) (3,776) Withholding taxes 2,821 2,975 Recognition of unrecognized losses on Horizon transaction — (11,977) Change in unrecognized temporary differences and other (14,606) (3,703) Income tax expense $ 4,203 $ 9,319 The deferred tax liabilities are shown below: In $000s At December 31, 2023 At December 31, 2022 Non-capital losses $ 50,160 $ 27,664 Investments and other 957 2,240 Stream, royalty and other interests (60,122) (44,688) Total deferred income tax liabilities $ (9,005) $ (14,784) Deferred tax assets and liabilities have been offset where they relate to income taxes levied by the same taxation authority and the Company has the legal right and intent to offset. Non-capital losses have been recognized as a deferred income tax asset to the extent there will be future taxable income against which the Company can utilize the benefit prior to their expiration. The Company recognized deferred tax assets in respect of tax losses as at December 31, 2023 of $183.8 million (2022 — $102.5 million) as it is probable that there will be future taxable profits to recover the deferred tax assets. These non-capital losses carry forwards are located in Canada and expire between 2030-2041. The movement in net deferred income taxes is shown below: In $000s Year Ended Year Ended Balance, beginning of the year $ (14,784) $ (18,294) Recognized in net income (loss) for the year 4,503 (4,058) Recognized in equity 185 1,634 Recognized in other comprehensive income (loss) for the year 1,091 900 Recognized from new acquisitions in the year — 5,034 Balance, end of year $ (9,005) $ (14,784) The aggregate amount of deductible temporary differences associated with capital losses and other items, for which deferred income tax assets have not been recognized as at December 31, 2023 are $12.9 million (2022 — $15.6 million). No deferred tax asset is recognized in respect of these items because it is not probable that future taxable capital gains or taxable income will be available against which the Company can utilize the benefit. B Right-of-Use Assets and Lease Liabilities

Share Capital and Reserves

Share Capital and Reserves	12 Months Ended
	Dec. 31, 2023
Disclosure Of Share-Based Payment Arrangements [Abstract]
Share Capital and Reserves	Share Capital and Reserves A Authorized Share Capital The Company is authorized to issue an unlimited number of common shares without par value. In April 2023, the Company renewed its normal course issuer bid ("NCIB") and is able, until April 10, 2024, to purchase up to 24.0 million of its common shares. The Company's previous NCIB expired on April 6, 2023. The NCIB provides the Company with the option to purchase its common shares from time to time. During the year ended December 31, 2023, the Company, utilizing its current and previous NCIB, purchased and cancelled approximately 2.8 million common shares. In June 2023, the Company re-established an at-the-market equity program (the "ATM Program") whereby the Company is permitted to issue up to an aggregate of $150 million worth of common shares from treasury at prevailing market prices to the public through the Toronto Stock Exchange, the New York Stock Exchange or any other marketplace on which the common shares are listed, quoted or otherwise trade. The volume and timing of distributions under the ATM Program is determined at the Company's sole discretion, subject to applicable regulatory limitations. The ATM Program is effective until October 22, 2024, unless terminated prior to such day by the Company. T0-date, the Company has not utilized or sold any shares under the ATM Program. In the first quarter of 2023, the Company declared a dividend of CAD0.02 per common share (Q1 2022 - CAD0.02). The full amount of the dividend was paid in cash in April 2023. In the second quarter of 2023, the Company declared a dividend of CAD0.02 per common share (Q2 2022 - CAD0.02). The full amount of the dividend was paid in cash in July 2023. In the third quarter of 2023, the Company declared a dividend of CAD0.02 per common share (Q3 2022 - CAD0.02). The full amount of the dividend was paid in cash in October 2023. In the fourth quarter of 2023, the Company declared a dividend of CAD0.02 per common share (Q4 2022 - CAD0.02). The full amount of the dividend was recorded as a payable and included within trade payables and other as at December 31, 2023. B Stock Options of the Company The Company has an incentive stock option plan (the “Option Plan”) whereby the Company may grant share options to eligible employees, officers, directors and consultants at an exercise price, expiry date, and vesting conditions to be determined by the Board of Directors. The maximum expiry date is five years from the grant date. All options are equity settled. The Option Plan permits the issuance of options which, together with the Company's other share compensation arrangements, may not exceed 8.5% of the Company’s issued common shares as at the date of the grant. During the year ended December 31, 2023, the Company granted 4,101,417 options with a weighted average exercise price of CAD6.53 and a fair value of $5.3 million or $1.29 per option. The fair value of the options granted was determined using a BSM using the following weighted average assumptions: grant date share price and exercise price of CAD6.53, expected volatility of 31.00%, risk-free interest rate of 3.40%, dividend yield of 1.23%, and an expected life of 4 years. Expected volatility was determined by considering the trailing 4 year historical average share price volatility of similar companies in the same industry and business model. A summary of the Company’s options and the changes for the period is as follows: Number of options Weighted average exercise price per share (CAD) Options outstanding at December 31, 2021 11,239,342 7.47 Granted 6,249,148 7.19 Exercised (1,130,218) (5.39) Expired (2,250) (15.00) Options outstanding at December 31, 2022 16,356,022 7.50 Granted 4,101,417 6.53 Exercised (1,147,066) (5.99) Expired (2,009,933) (6.07) Options outstanding at December 31, 2023 17,300,440 7.54 The weighted average remaining contractual life of the options as at December 31, 2023 was 3.05 (year ended December 31, 2022 — 2.96 years). The weighted average share price, at the time of exercise, for those share options that were exercised during the year ended December 31, 2023 was CAD6.71 per share (year ended December 31, 2022 - CAD7.82). A summary of the Company’s options as of December 31, 2023 is as follows: Year of expiry Number outstanding Vested Exercise price per share Weighted average exercise price per share 1 2024 3,188,023 3,188,023 1.66 – 12.40 8.05 2025 2,812,000 2,812,000 9.43 9.43 2026 2,968,000 1,978,671 7.18 7.18 2027 4,231,000 1,410,340 7.12 7.12 2028 4,101,417 — 6.53 — 17,300,440 9,389,034 8.14 1. Weighted average exercise price of options that are exercisable. C Share Purchase Warrants A summary of the Company’s warrants and the changes for the period is as follows: Number of warrants Shares to be issued upon Warrants outstanding at December 31, 2021 - - Issued 2,661,012 2,661,012 Exercised (484) (484) Expired (2,418,528) (2,418,528) Warrants outstanding at December 31, 2022 and December 31, 2023 242,000 242,000 The weighted average share price, at the time of exercise, for those warrants that were exercised during the year ended December 31, 2022 was CAD7.40 per share. At December 31, 2023 the Company had 242,000 warrants outstanding with an exercise price of $8.97 and an expiry date of May 13, 2024. D Restricted Share Rights The Company has a restricted share plan (the “Restricted Share Plan”) whereby the Company may grant restricted share rights (“RSRs”) to eligible employees, officers, directors and consultants at an expiry date to be determined by the Board of Directors. Each restricted share right entitles the holder to receive a common share of the Company without any further consideration. The Restricted Share Plan permits the issuance of up to a maximum of 4,500,000 restricted share rights. During the year ended December 31, 2023, the Company granted 557,750 RSRs with a grant date fair value of $2.7 million, a three year vesting term, and a weighted average grant date fair value of $4.88 per unit. As of December 31, 2023, the Company had 2,354,911 RSRs outstanding. E Diluted Earnings Per Share Diluted earnings per share is calculated based on the following: In $000s Year Ended Year Ended Net income attributable to Sandstorm’s shareholders for the year $ 41,716 $ 78,361 Basic weighted average number of shares 297,406,309 231,348,386 Basic earnings per share $ 0.14 $ 0.34 Effect of dilutive securities Stock options 644,651 1,192,958 Restricted share rights 1,940,197 1,776,836 Diluted weighted average number of common shares 299,991,157 234,318,180 Diluted earnings per share $ 0.14 $ 0.33 The following table lists the number of potentially dilutive securities excluded from the computation of diluted earnings per share because the exercise prices exceeded the average market value of the common shares of CAD7.10 during the year ended December 31, 2023 (December 31, 2022 — CAD8.10). Year Ended Year Ended Stock Options 12,896,931 4,700,144 Warrants 242,000 2,225,825 F Compañia Minera Caserones Sandstorm holds a 67.5% interest in Compañia Minera Caserones (“CMC”), which is incorporated in Chile. Summarized financial information for the Company’s investment in this subsidiary, on a 100% basis and reflecting adjustments made by the Company, including fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies is as follows: In $000s At December 31, 2023 At December 31, 2022 Current Assets $ 2,356 $ 1,791 Non-current Assets 62,852 81,022 Total Assets $ 65,208 $ 82,813 Current Liabilities 767 445 Non-current Liabilities — — Total Liabilities $ 767 $ 445 Net Assets $ 64,441 $ 82,368 Year Ended December 31, 2023 Year Ended December 31, 2022 Revenue $ 12,022 $ 2,615 Depletion (4,875) (1,656) Administration expenses and other (92) 28 Income tax expense (4,000) (714) Total net income and comprehensive income $ 3,055 $ 273 Total net income and comprehensive income attributable to non-controlling interests $ 993 $ 89

Revolving Facility and Deferred

Revolving Facility and Deferred Financing Costs	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about borrowings [abstract]
Revolving Facility and Deferred Financing Costs	Revolving Facility and Deferred Financing Costs In September 2023, Sandstorm renewed its existing revolving credit agreement allowing the Company to borrow up to $625 million (the “Revolving Facility”) for a four year term, maturing in September 2027. The Revolving Facility is for general corporate purposes, from a syndicate of banks including The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce, and Royal Bank of Canada (“the Syndicate”). The facility matures in September 2027, subject to an extension based on mutual consent of the parties. The amounts drawn on the Revolving Facility are subject to interest at SOFR plus 1.875%–3.5% per annum, and the undrawn portion of the Revolving Facility is subject to a standby fee of 0.422%–0.788% per annum, both of which are dependent on the Company’s leverage ratio. The Revolving Facility maintains its sustainability-linked incentive pricing terms that allow Sandstorm to reduce the borrowing costs from the interest rates described earlier as the Company’s performance targets are met. Sandstorm is required to maintain a leverage ratio of net debt divided by EBITDA (as defined in the Revolving Facility) of less than or equal to 4.00:1.00, and an interest coverage ratio of greater than or equal to 3.00:1.00 for each fiscal quarter. The Revolving Facility is secured against the Company’s assets, including the Company’s Stream, royalty and other interests and investments. As of December 31, 2023, the Company was in compliance with the covenants and the balance of the Revolving Facility was $435 million.

Administration Expenses

Administration Expenses	12 Months Ended
	Dec. 31, 2023
Analysis of income and expense [abstract]
Administration Expenses	Administration Expenses The administration expenses for the Company are as follows: In $000s Year Ended Year Ended Corporate administration $ 4,232 $ 3,732 Employee benefits and salaries 3,878 3,864 Professional fees 2,375 2,552 Administration expenses before share-based compensation $ 10,485 $ 10,148 Equity settled share-based compensation (a non-cash expense) 3,888 3,246 Total administration expenses $ 14,373 $ 13,394

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2023
Disclosure Of Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information In $000s Year Ended Year Ended Change in non-cash working capital: Trade receivables and other $ 1,494 $ (5,498) Trade payables and other 203 2,608 Net increase (decrease) in cash $ 1,697 $ (2,890) Significant non-cash transactions: Financial instrument received on disposal of Stream, royalty and other interests $ 122,745 $ 14,123 Sandbox common shares received in consideration for a convertible debenture payment 17,249 — Sandbox common shares received on disposal of Stream, royalty and other interests 14,988 18,564 Financial instrument received on disposal of Entrée investment in associate — 33,781 Common shares issued on acquisition of BaseCore portfolio of Stream, royalty and other interests — (75,304) Common shares issued on acquisition of Nomad portfolio of Stream, royalty and other interests — (454,089) Financial instruments received on disposal of Hod Maden investment in associate — 68,348 Financial instrument disposed of on disposal of Hod Maden investment in associate — (33,311) Horizon Copper investment in associate received on disposal of Hod Maden investment in associate — 10,687

Key Management Compensation

Key Management Compensation	12 Months Ended
	Dec. 31, 2023
Disclosure Of Key Management Compensation [Abstract]
Key Management Compensation	Key Management Compensation The remuneration of directors and those persons having authority and responsibility for planning, directing and controlling activities of the Company are as follows: In $000s Year Ended Year Ended Salaries and benefits $ 1,630 $ 3,000 Share-based payments 5,116 4,124 Total key management compensation expense $ 6,746 $ 7,124

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Disclosure Of Commitments And Contingencies [Abstract]
Commitments and Contingencies	Commitments and Contingencies In connection with its Streams, the Company has committed to purchase the following: Stream % of Life of Mine Gold or Relevant Commodity Per Ounce Cash Payment: lesser of amount below and the then prevailing market price of commodity Antamina 1.66% 2.5% of silver spot price Black Fox 1 8% $589 Blyvoor 2 10% $572 Bonikro 3 6% $400 Cerro Moro 4 20% 30% of silver spot price CEZinc 5 1% 20% of quarterly average zinc spot price Chapada 6 4.2% 30% of copper spot price Entrée 1,7,8 5.62% on Hugo North Extension Varies Greenstone 9 2.375% 20% of gold spot price Hod Maden 10 20% 50% of gold spot price until 405,000 ounces of gold have been delivered, then 60% of gold spot price thereafter Karma 1.625% 20% of gold spot price Mercedes 11 29,400 ounces of gold over 49 months and 4.4% thereafter 3,750,000 ounces of silver, and 30% of silver produced thereafter Varies Platreef 12 37.5% Varies Relief Canyon 13 39,174 ounces over 6.5 years and 4% thereafter Varies Santa Elena 1 20% $478 South Arturo 40% 20% of silver spot price Vatukoula 14 11,022 ounces over 4.5 years and 1.199% – 1.363% thereafter 20% of gold spot price Woodlawn 15 Varies Nil 1. Per ounce cash payment subject to an annual inflationary adjustment. 2. For the Blyvoor Gold Stream, until 300,000 ounces have been delivered, Blyvoor Gold (Pty) Ltd. will deliver 10% of gold production until 16,000 ounces have been delivered in the calendar year, then 5% of the remaining production for that calendar year. Following the Initial Blyvoor Delivery Threshold, Sandstorm will receive 0.5% of gold production on the first 100,000 ounces in a calendar year until a cumulative 10.32 million ounces of gold have been produced. Under the Stream agreement Sandstorm will make ongoing payments at the lesser of $572 per ounce delivered and the gold market price on the business day immediately preceding the date of delivery. 3. For the Bonikro Gold Stream, Sandstorm will receive 6% of gold produced at the mine until 39,000 ounces of gold are delivered, then 3.5% of gold produced until 61,750 cumulative ounces of gold have been delivered, then 2% thereafter. Under the Stream agreement Sandstorm will make ongoing payments at the lesser of $400 per ounce delivered and the gold market price on the business day immediately preceding the date of delivery. 4. Under the terms of the Cerro Moro silver stream, Sandstorm has agreed to purchase an amount of silver from Cerro Moro equal to 20% of the silver produced (up to an annual maximum of 1.2 million ounces of silver), until 7.0 million ounces of silver have been delivered to Sandstorm; then 9.0% of the silver produced thereafter. 5. For the CEZinc zinc stream, the Company has committed to purchase 1.0% of the zinc produced until the later of June 30, 2030 or delivery of 68.0 million pounds of zinc under the contract. 6. For the Chapada copper stream, the Company has committed to purchase an amount equal to 4.2% of the copper produced (up to an annual maximum of 3.9 million pounds of copper) until the mine has delivered 39 million pounds of copper to Sandstorm; then 3.0% of the copper produced until, on a cumulative basis, the mine has delivered 50 million pounds of copper to Sandstorm; then 1.5% of the copper produced thereafter, for the life of the mine. 7. For the Entrée Gold Stream, after approximately 8.6 million ounces of gold have been produced from the joint venture property, the price increases from $220 per gold ounce to $500 per gold ounce. For the Entrée silver stream, the purchase price is the lesser of the prevailing market price and $5 per ounce of silver until 40.3 million ounces of silver have been produced from the entire joint venture property. Thereafter, the purchase price will increase to the lesser of the prevailing market price and $10 per ounce of silver. For the Entrée Gold and silver stream, percentage of life of mine is 5.62% on Hugo North Extension and 4.26% on Heruga if the minerals produced are contained below 560 metres in depth. For the Entrée Gold and silver stream, percentage of life of mine is 8.43% on Hugo North Extension and 6.39% on Heruga if the minerals produced are contained above 560 metres in depth. 8. For the Entrée copper stream, the Company has committed to purchase an amount equal to 0.42% of the copper produced from the Hugo North Extension and Heruga deposits. If the minerals produced are contained above 560 metres in depth, then the commitment increases to 0.62% for both the Hugo North Extension and Heruga deposits. Sandstorm will make ongoing per pound cash payments equal to the lesser of $0.50 and the then prevailing market price of copper, until 9.1 billion pounds of copper have been produced from the entire joint venture property. Thereafter, the ongoing per pound payments will increase to the lesser of $1.10 and the then prevailing market price of copper. 9. For Greenstone, the Gold Stream on the project is for 2.375% of gold production from the Greenstone joint venture (100% basis), until 120,333 ounces of gold have been delivered, then 1.583% thereafter. In addition to the ongoing payments of 20% of the spot price of gold and to the extent the costs are incurred by the Greenstone joint venture, Sandstorm will pay the joint venture $30 per ounce to fund mine-level environmental and social programs. 10. Under the Hod Maden Gold Stream, Sandstorm will receive 20% of all gold produced from Hod Maden (on a 100% basis) and will make ongoing payments of 50% of the gold spot price until 405,000 ounces of gold are delivered (the "Delivery Threshold"). Once the Delivery Threshold has been reached, Sandstorm will receive 12% of the gold produced for the life of the mine for ongoing payments of 60% of the gold spot price. 11. In January 2024, the Company restructured its Mercedes Gold and Silver streams with the revised terms included in Note 5 (d). Under the original terms of the Mercedes Gold Stream, after receipt of 25,200 gold ounces (the cost of which is 7.5% of the spot price), the Company is entitled to purchase 4.4% of the gold produced from the Mercedes Mine for ongoing per ounce cash payments equal to 25% of the spot price of gold. Under the original terms of the Mercedes silver stream, until 3,750,000 ounces of silver have been delivered under the contract (the cost of which is 20% of the spot price of silver), the Company is entitled to purchase 100% of silver produced with a minimum annual delivery requirement of 300,000 ounces per annum. After 3,750,000 ounces of silver have been delivered under the contract, the Company is entitled to purchase 30% of silver produced (the cost of which is 20% of the spot price of silver). 12. Under the terms of the Platreef Gold Stream, the Company has the right to purchase 37.5% of gold produced until 131,250 gold ounces have been delivered, 30% until an aggregate of 256,980 ounces of gold are delivered, and 1.875% thereafter if certain conditions are met. In calculating gold deliveries owing under the Stream, a fixed payability factor of 80% is applied to all gold production. Until 256,980 ounces have been delivered, Sandstorm will make ongoing payments equal to the lesser of $100 per ounce of gold and the gold market price on the business day immediately preceding the date of delivery. After 256,980 ounces have been delivered, Sandstorm will make ongoing payments of 80% of the spot price of gold for each ounce delivered. 13. For the Relief Canyon Stream, after receipt of 32,022 gold ounces (the cost of which is nil), the Company is entitled to purchase 4.0% of the gold and silver produced from the Relief Canyon Mine for ongoing per ounce cash payments equal to 30%-65% of the spot price of gold or silver, with the range dependent on the concession's existing royalty obligations. 14. Under the terms of the amended Vatukoula Gold Stream, the Company is entitled to fixed deliveries totaling 11,022 gold ounces (the cost of which is 20% of the spot price) after January 1, 2023 (the "Vatukoula Fixed Delivery Period"). Following the Vatukoula Fixed Delivery Period, the Company is entitled to purchase 1.363% for the first 100,000 ounces of gold produced in a calendar year, and 1.199% for the volume of production above 100,000 ounces, with both variable delivery rates subject to upward adjustment depending on the final scale of the Company's investment in the Vatukoula Gold Stream. 15. For the Woodlawn silver stream, Sandstorm has agreed to purchase an amount of silver equal to 80% of payable silver produced. Deliveries under the Woodlawn silver stream are capped at AUD27 million. In addition, the Company holds a second stream at Woodlawn under which the operator has agreed to pay Sandstorm AUD1.0 million for each 1Mt of tailings ore processed at Woodlawn, subject to a cumulative cap of AUD10 million. Contractual obligations related to bank debt, interest and leases on an undiscounted basis are as follows: In $000s Total Less than one year 1–3 years 4–5 years More than 5 years Bank debt 1 $ 435,000 $ — $ — $ 435,000 $ — Interest 2 104,608 32,859 53,477 18,272 — Leases 3 26,423 2,482 5,261 4,316 14,364 $ 566,031 $ 35,341 $ 58,738 $ 457,588 $ 14,364 1. As at December 31, 2023, the Company had $435 million drawn and outstanding on the Revolving Facility. The repayment date in the table above reflects the full term of the facility which matures on September 11, 2027, assuming no extension periods. 2. The amounts drawn on the Revolving Facility are subject to an interest rate of SOFR plus 1.875%–3.5% per annum, and the undrawn portion of the Revolving Facility is subject to a standby fee of 0.4219% - 0.7875% per annum, both of which are dependent on the terms of the Revolving Facility and the Company's leverage ratio. The interest charges have been estimated based on assumptions of the Company's future leverage ratio. The Revolving Facility incorporates sustainability-linked incentive pricing terms that allow the Company to reduce the borrowing costs from the interest rates described above as the Company's ESG targets are met. The interest charges have been estimated based on the assumption that the Company will continue with the same pricing adjustment to the debt maturity date. As the applicable interest rate is floating in nature, the interest charges are estimated based on market forward interest rate curves at the ending of the reporting period combined with the assumption that the principal balance outstanding at December 31, 2023, does not change until the debt maturity date 3. Future minimum lease payments for the Company's leases related to offices in Vancouver, BC that have commenced. The above table reflects lease payments due from January 2024 to May 2035 . As previously disclosed, Sandstorm became aware that a third party commenced legal proceedings against it in a Brazilian court. The proceedings involve severance owed to former employees of Colossus Mineração Ltda., a Brazilian subsidiary company of Colossus Minerals Inc. (an entity with which Sandstorm entered into a Stream). Since these severance claims, estimated to be approximately $8 million, remain outstanding, the claimants are seeking to recoup their claims from Sandstorm. Sandstorm intends on defending itself as it believes the case is without merit. In an effort to reduce operating costs, the Company has signed a 15-year lease for office space which is expected to commence in the fourth quarter of 2024, a portion of which has been sublet. Under the terms of this agreement the minimum lease payments for the entire space, including the sublet areas, are approximately $25 million over the 15-year lease term. As a result of this 15-year lease agreement, the Company intends to sublet its current leased office space.

Segmented Information

Segmented Information	12 Months Ended
	Dec. 31, 2023
Disclosure of operating segments [abstract]
Segmented Information	Segmented Information The Company’s reportable operating segments, which are components of the Company’s business where separate financial information is available and which are evaluated on a regular basis by the Company’s Chief Executive Officer, who is the Company’s chief operating decision maker, for the purpose of assessing performance, are summarized in the tables below: For the year ended December 31, 2023: In $000s Product Sales Royalty revenue Cost of sales excluding depletion Depletion Stream, royalty and other interests impairment Contractual income from Stream, royalty and other interests Loss (gain) on disposal of Stream, royalty and other interests Income (loss) before taxes Cash flows from operating activities Antamina, Peru Copper, Other 1 $ – $ 12,040 $ – $ 7,215 $ – $ – $ 2,039 $ 2,786 $ 11,455 Silver 2,222 547 55 1,361 – – – 1,353 2,714 Aurizona, Brazil Gold – 9,825 – 492 – – – 9,333 9,025 Blyvoor, Gold 4,431 – 1,313 1,225 – – – 1,893 2,994 Bonikro, Gold 9,223 – 1,919 4,956 – – – 2,348 7,619 Caserones, Chile Copper – 12,022 – 5,832 – – – 6,190 8,365 Cerro Moro, Argentina Silver 26,197 – 7,853 10,753 – – – 7,591 18,345 Chapada, Brazil Copper 13,469 – 4,074 2,761 – – – 6,634 9,395 Fruta del Norte, Ecuador Gold – 7,722 – 2,098 – – – 5,624 5,434 Houndé, Gold – 5,731 – 1,835 – – – 3,896 4,474 Mercedes, Mexico Gold, Silver 2 24,757 – 2,258 15,787 – – – 6,712 24,511 Relief Canyon, United States Gold 9,396 – – 4,731 – – – 4,665 9,395 Vale Royalties, Brazil Iron Ore – 5,988 – 2,426 – – – 3,562 5,005 Other 3 Gold 11,412 10,790 3,054 6,790 940 (11,810) – 23,228 30,068 Copper, Other 5,477 8,387 1,151 7,075 687 – (3,988) 8,939 12,644 Total Segments $ 106,584 $ 73,052 $ 21,677 $ 75,337 $ 1,627 $ (11,810) $ (1,949) $ 94,754 $ 161,443 Corporate: Administration and Project evaluation expenses $ – $ – $ – $ – $ – $ – $ – $ (21,526) $ (13,321) Gain on revaluation of investments – – – – – – – 15,671 – Finance expense – – – – – – – (39,515) (115) Share of net income (loss) – – – – – – – (2,141) – Other – – – – – – – (331) 4,747 Total Corporate $ – $ – $ – $ – $ – $ – $ – $ (47,842) $ (8,689) Consolidated $ 106,584 $ 73,052 $ 21,677 $ 75,337 $ 1,627 $ (11,810) $ (1,949) $ 46,912 $ 152,754 1. Royalty revenue from Antamina consists of $9.1 million from copper and $2.9 million from other base metals. 2. Revenue from Mercedes consists of $21.8 million from gold and $3.0 million from silver. 3. Where a Stream, royalty and other interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and represents an interest on gold, silver or other metal, the interest has been summarized under Other. Other includes Vatukoula, Highland Valley, Black Fox, CEZinc, Gualcamayo and others. Includes revenue from Stream, royalty and other interests located in Canada of $23.3 million, Mexico of $3.6 million and other of $9.2 million. Includes revenue from gold of $22.2 million, copper of $4.7 million, diamonds of $3.3 million and other base metals of $5.9 million. Contractual income from stream, royalty and other interests includes a one-time contractual payment of $10.0 million received related to the Mt. Hamilton royalty. Reportable segments that have not met the criteria for separate disclosure in the current period have been included in Other for the current and prior period. For the year ended December 31, 2022: In $000s Product Sales Royalty revenue Cost of sales excluding depletion Depletion Stream, royalty and other interests impairment Gain on disposal of Stream, royalty and other interests and Other Income (loss) before taxes Cash flows from operating activities Antamina, Peru Copper, Other 1 $ – $ 4,269 $ – $ 5,676 $ – $ – $ (1,407) $ 1,069 Aurizona, Brazil Gold – 6,925 – 379 – – 6,546 7,925 Blyvoor, Gold 2,589 – 1,199 787 – – 603 2,083 Bonikro, Gold 5,243 – 2,422 3,106 – – (285) 3,742 Caserones, Chile Copper – 2,615 – 1,656 – – 959 2,747 Cerro Moro, Argentina Silver 27,804 – 8,323 11,994 – – 7,487 19,480 Chapada, Brazil Copper 16,016 – 4,828 3,060 – – 8,128 11,188 Fruta del Norte, Ecuador Gold – 6,546 – 2,416 – – 4,130 4,757 Houndé, Gold – 5,815 – 2,159 – – 3,656 3,547 Mercedes, Mexico Gold, Silver 2 14,934 – 2,001 8,144 – – 4,789 11,669 Relief Canyon, United States Gold 10,891 – – 5,121 – – 5,770 10,891 Vale Royalties, Brazil Iron Ore – 7,813 – 2,537 – – 5,276 7,618 Other 3 Gold 16,584 5,635 3,795 7,699 1,086 (2,396) 12,035 17,929 Copper, Other 3,754 11,299 798 5,046 – (23,437) 32,646 14,734 Total Segments $ 97,815 $ 50,917 $ 23,366 $ 59,780 $ 1,086 $ (25,833) $ 90,333 $ 119,379 Corporate: Administration and Project evaluation expenses $ – $ – $ – $ – $ – $ – $ (20,828) $ (14,269) Gain on revaluation of investments – – – – – – 1,756 – Finance expense – – – – – – (17,286) (122) Gain on disposal of investment in associates – – – – – – 37,396 – Share of net income (loss) – – – – – – (3,654) – Other – – – – – – 52 1,928 Total Corporate $ – $ – $ – $ – $ – $ – $ (2,564) $ (12,463) Consolidated $ 97,815 $ 50,917 $ 23,366 $ 59,780 $ 1,086 $ (25,833) $ 87,769 $ 106,916 1. Royalty revenue from Antamina consists of $2.9 million from copper, $0.2 million from silver and $1.2 million from other base metals. 2. Revenue from Mercedes consists of $12.4 million from gold and $2.5 million from silver. 3. Where a Stream, royalty and other interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and represents an interest on gold, silver or other metal, the interest has been summarized under Other. Other includes Vatukoula, Highland Valley, Black Fox, CEZinc, Gualcamayo and others. Includes revenue from Stream, royalty and other interests located in Canada of $23.5 million, Mexico of $4.8 million and other of $9.0 million. Includes revenue from gold of $22.2 million, other base metals of $5.6 million, diamonds of $8.2 million and copper of $1.3 million. Reportable segments that have not met the criteria for separate disclosure in the current period have been included in Other for the current and prior period. Total assets as of: In $000s December 31, 2023 December 31, 2022 Antamina $ 185,748 $ 339,751 Aurizona 10,053 9,745 Blyvoor 104,380 105,545 Bonikro 30,035 35,306 Caserones 77,540 82,800 Cerro Moro 15,217 25,969 Chapada 43,895 46,656 Fruta del Norte 26,761 28,658 Greenstone 107,234 107,234 Horne 5 78,934 78,934 Hod Maden 206,996 206,969 Houndé 28,341 30,037 Hugo North Extension and Heruga 35,358 35,352 Mercedes 52,132 64,945 Platreef 187,000 186,640 Relief Canyon 20,074 13,796 Vale Royalties 114,529 116,856 Other 1 255,276 284,548 Total Segments $ 1,579,503 $ 1,799,741 Corporate: Cash and cash equivalents $ 5,003 $ 7,029 Investments 258,874 129,890 Other assets 2 88,046 38,117 Total Corporate $ 351,923 $ 175,036 Consolidated $ 1,931,426 $ 1,974,777 1. Where a Stream, royalty and other interest represents less than 10% of the Company's sales, gross margin or aggregate asset book value and represents an interest on gold, silver or other metal, the interest has been summarized under Other. Includes Vatukoula, Black Fox, Highland Valley, El Pilar, Cortez Complex (Robertson Deposit), CEZinc, Gualcamayo, Lobo-Marte, Ağı Dağı & Kirazlı, and others. Reportable segments that have not met the criteria for separate disclosure in the current period have been included in Other for the current and prior period. 2. Includes Sandbox and Horizon Copper investments in associates. Non-current assets by geographical region as of: In $000s December 31, 2023 1 December 31, 2022 1 North America Canada $ 304,169 $ 296,794 Mexico 54,344 79,852 USA 75,836 68,496 South & Central America Peru $ 186,339 $ 338,042 Brazil 180,380 186,740 Chile 77,650 83,482 Argentina 47,750 58,493 Ecuador 25,161 27,259 French Guiana 5,160 5,160 Africa South Africa $ 293,562 $ 294,707 Burkina Faso 34,135 35,927 Cote d'Ivoire 28,869 34,667 Other Türkiye $ 210,162 $ 210,888 Mongolia 36,001 35,995 Australia 16,177 16,982 Fiji 13,622 14,886 Other 298 298 Consolidated $ 1,589,615 $ 1,788,668 1. Includes Stream, royalty and other interests and Other long-term assets.

Summary of Material Accountin_2

Summary of Material Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Material Accounting Policies [Abstract]
Statement of Compliance	Statement of Compliance These consolidated financial statements, including comparatives, have been prepared in accordance with International Financial Reporting Standards Accounting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards” or "IFRS").
Basis of presentation	Basis of Presentation These consolidated financial statements have been prepared on a historical cost basis except for certain financial instruments, which are measured at fair value. The consolidated financial statements are presented in United States dollars, and all values are rounded to the nearest thousand except as otherwise indicated.
Principles of Consolidation	Principles of Consolidation These consolidated financial statements include the accounts of the Company and its subsidiaries which are wholly owned: Inversiones Mineras Australes Holdings (BVI) Inc., Inversiones Mineras Australes S.A., Premier Royalty U.S.A. Inc., SA Targeted Investing Corp., Sandstorm Metals & Energy (US) Inc. Coral Resources Inc., and Nomad Royalty Company Ltd. Subsidiaries are fully consolidated from the date the Company obtains control and continue to be consolidated until the date that control ceases. These consolidated financial statements also include the accounts of the Company’s 67.5% interest in Compañia Minera Caserones (“CMC”). The non-controlling interest related to this entity has been recorded in equity. Sandstorm consolidates the results of CMC on a 100% basis, with the proportionate share of net income (loss) and comprehensive (loss) attributable to owners of the Company and non-controlling interest presented separately. Control is achieved when the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. All intercompany balances, transactions, revenues and expenses have been eliminated on consolidation.
Investments in Associates	Investments in Associates An associate is an entity over which the Company has significant influence and is neither a subsidiary nor a joint arrangement. The Company has significant influence when it has the power to participate in the financial and operating policy decisions of the associate but does not have control or joint control over those policies. The Company accounts for its investments in associates using the equity method. Under the equity method, the Company’s investments in associates are initially recognized at cost when acquired and subsequently increased or decreased to recognize the Company’s share of net income and losses of the associate, after any adjustments necessary to give effect to uniform accounting policies, any other movement in the associate’s reserves, and for impairment losses after the initial recognition date. The Company’s share of income and losses of the associate is recognized in net income during the period. Unrealized gains on transactions between the Company and an associate are eliminated to the extent of the Company’s interest in the associate. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Dilution gains and losses arising from changes in interests in investments in associates are recognized in the consolidated statement of income or loss. Dividends received from the associate are accounted for as a reduction in the carrying amount of the Company’s investment.
Stream, Royalty and Other Interests	Stream, Royalty and Other Interests Stream, royalty and other interests consist of acquired royalty and Stream metal purchase agreements. These interests are recorded at cost and capitalized as long term tangible assets with finite lives. They are subsequently measured at cost less accumulated depletion and accumulated impairment losses, if any. Project evaluation costs that are not related to a specific agreement are expensed in the period incurred. Stream, royalty and other interests related to producing mines are depleted using the units-of-production method over the life of the property to which the agreement relates, which is estimated using available information of proven and probable Reserves and the portion of Resources expected to be classified as Mineral Reserves at the mine corresponding to the specific interest. On acquisition of a Stream, royalty or other interest, an allocation of its cost may be attributed to the exploration potential of the interest and is recorded as a non-depletable asset on the acquisition date. The value of the exploration potential is accounted for by reference to IFRS 6, Exploration and Evaluation of Mineral Resources and is not depleted until such time as the technical feasibility and commercial viability have been established at which point the value of the asset is accounted for by reference to IAS 16, Property, Plant and Equipment.
Impairment of Stream, Royalty and Other Interests	Impairment of Stream, Royalty and Other Interests Evaluation of the carrying values of each Stream, royalty and other interest is undertaken when events or changes in circumstances indicate that the carrying values may not be recoverable and at each reporting period. If any indication of impairment exists, the recoverable amount is estimated to determine the extent of any impairment loss. The recoverable amount is the higher of the fair value less costs of disposal and value in use. Fair value is the price that would be received from selling an asset in an orderly transaction between market participants at the measurement date. Costs of disposal are incremental costs directly attributable to the disposal of an asset. Fair value less costs of disposal is usually estimated using a discounted cash flow approach. Estimated future cash flows are calculated using estimated production, sales prices, and a discount rate. Estimated production is determined using current Reserves and the portion of Resources expected to be classified as Mineral Reserves as well as exploration potential expected to be converted into Resources. Estimated sales prices are determined by reference to a long-term metal price forecasts by analysts and management’s expectations. The discount rate is estimated using a discount rate incorporating analyst views and management’s expectations to value precious metal royalty companies. Value in use is determined as the present value of future cash flows expected to be derived from continuing use of an asset in its present form for those assets where value in use exceeds fair value less costs of disposal. If it is determined that the recoverable amount is less than the carrying value, then an impairment is recognized within net income (loss) immediately. An assessment is made at each reporting period if there is any indication that a previous impairment loss may no longer exist or has decreased. If any indications are present, the carrying amount of the Stream, royalty and other interest is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount net of depletion that would have been determined had no impairment loss been recognized for the Stream, royalty and other interest in previous periods.
Revenue Recognition	Revenue Recognition Revenue is comprised of revenue earned in the period from contracts with customers under each of its royalty and Stream interests. The Company has determined that each unit of a commodity that is delivered to a customer under a royalty and Stream interest is a performance obligation for the delivery of a good that is separate from each other unit of the commodity to be delivered under the same arrangement. In accordance with IFRS 15, the Company recognizes revenue to depict the transfer of the relevant commodity to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those commodities. For Stream interests, revenue recognition occurs when the relevant commodity received from the Stream operator is transferred by the Company to its third-party customers. For royalty interests, revenue recognition occurs when the relevant commodity is transferred to the end customer by the operator of the royalty property. Revenue is measured at the fair value of the consideration received or receivable when management can reliably estimate the amount, pursuant to the terms of the royalty agreement. In some instances, the Company will not have access to sufficient information to make a reasonable estimate of consideration to which it expects to be entitled and, accordingly, revenue recognition is deferred until management can make a reasonable estimate. Differences between estimates and actual amounts are adjusted and recorded in the period that the actual amounts are known.
Foreign Currency Translation	Foreign Currency Translation The functional currency of the Company and its subsidiaries is the principal currency of the economic environment in which they operate. For the Company and its subsidiaries Inversiones Mineras Australes Holdings (BVI) Inc., Inversiones Mineras Australes S.A., Premier Royalty U.S.A. Inc., SA Targeted Investing Corp., Sandstorm Metals & Energy (US) Inc., Coral Resources Inc., Nomad Royalty Company Ltd., the company's interest in CMC, the Company’s Sandbox Royalty Corp. investment in associate and the Company's Horizon Copper Corp. investment in associate, the functional currency is the U.S. dollar. Transactions in foreign currencies are initially recorded in the entity’s functional currency as the rate on the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the closing rate as at the reporting date.
Financial Instruments	Financial Instruments The Company’s financial instruments consist of cash and cash equivalents, trade receivables and other, short and long-term investments, loans receivable, trade payables and other and bank debt. All financial instruments are initially recorded at fair value and designated as follows: Cash and cash equivalents, trade receivables and other, and loans receivable are classified as financial assets at amortized cost and trade payables and other and bank debt are classified as financial liabilities at amortized cost. Both financial assets at amortized cost and financial liabilities at amortized cost are measured at amortized cost using the effective interest method. The Company’s financial assets which are subject to credit risk include cash and cash equivalents, trade receivables and other and loans receivable. At December 31, 2022 and December 31, 2023, the Company determined that the expected credit losses on its financial assets were nominal. There were no material impairment losses recognized on financial assets during the years ended December 31, 2023 and December 31, 2022. Investments in common shares are held for long-term strategic purposes and not for trading. The Company has made an irrevocable election to designate all these investments as fair value through other comprehensive income (“FVTOCI”) in order to provide a more meaningful presentation based on management’s intention, rather than reflecting changes in fair value in net income. Such investments are measured at fair value at the end of each reporting period, with any gains or losses arising on re-measurement recognized as a component of other comprehensive income under the classification of gain (loss) on revaluation of investments. Cumulative gains and losses are not subsequently reclassified to profit or loss. Investments in warrants and convertible debt instruments are classified as fair value through profit or loss (“FVTPL”). These warrants and convertible debt instruments are measured at fair value at the end of each reporting period, with any gains or losses arising on re-measurement recognized as a component of net income (loss) under the classification of gain (loss) on revaluation of investments. Transaction costs on initial recognition of financial instruments classified as FVTPL are expensed as incurred. Transaction costs incurred on initial recognition of financial instruments classified as loans and receivables, FVTOCI and other financial liabilities are recognized at their fair value amount and offset against the related loans and receivables or capitalized when appropriate. Financial assets are derecognized when the contractual rights to the cash flows from the asset expire. Financial liabilities are derecognized only when the Company’s obligations are discharged, cancelled or they expire. On derecognition, the difference between the carrying amount (measured at the date of derecognition) and the consideration received (including any new asset obtained less any new liability obtained) is recognized in profit or loss. In August 2020, the International Accounting Standards Board issued Interest Rate Benchmark Reform – Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16) (“IBOR Amendments”), which is applied to potential changes in contractual cash flows of a financial asset or financial liability as a result of replacing an interest rate benchmark with an alternative benchmark rate. The Company has adopted the IBOR Amendments retrospectively. The new standard did not have a material impact on the Company’s consolidated financial statements.
Inventory	Inventory When refined gold or the applicable commodity, under the Stream agreement, is delivered to the Company, it is recorded as inventory. The amount recognized for inventory includes both the cash payment and the related depletion associated with the related Stream interest.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on account, demand deposits and money market investments with maturities from the date of acquisition of three months or less, which are readily convertible to known amounts of cash and are subject to insignificant changes in value.
Income Taxes	Income Taxes Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used are those that are substantively enacted at the reporting date. Deferred income taxes are provided for using the liability method on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for accounting. The change in the net deferred income tax asset or liability is included in income except for deferred income tax relating to equity items which is recognized directly in equity, and relating to investments in common shares designated as FVTOCI which is recognized in other comprehensive income. The income tax effects of differences in the periods when revenue and expenses are recognized in accordance with Company accounting practices, and the periods they are recognized for income tax purposes are reflected as deferred income tax assets or liabilities. Deferred income tax assets and liabilities are measured using the substantively enacted statutory income tax rates which are expected to apply to taxable income in the years in which the assets are realized or the liabilities settled. A deferred tax asset is recognized for unused tax losses, tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available for utilization. Temporary differences are not provided for the initial recognition of assets or liabilities that affect neither accounting nor taxable earnings. Deferred income tax assets and liabilities are offset only if a legally enforceable right exists to offset current tax assets against liabilities and the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority on the same taxable entity and are intended to be settled on a net basis. The determination of current and deferred taxes requires interpretations of tax legislation, estimates of expected timing of reversal of deferred tax assets and liabilities, and estimates of future earnings.
Share Capital and Share Purchase Warrants	Share Capital and Share Purchase Warrants The proceeds from the issue of units are allocated between common shares and share purchase warrants (with an exercise price denominated in U.S. dollars) on a pro-rata basis based on relative fair values at the date of issuance. The fair value of common shares is based on the market closing price on the date the units are issued and the fair value of share purchase warrants is determined using the quoted market price or if the warrants are not traded, using the Black-Scholes Model (“BSM”) as of the date of issuance. Equity instruments issued to agents as financing costs are measured at their fair value at the date the services were provided. Upon exercise, the original consideration is reallocated from share purchase warrants reserve to issued share capital along with the associated exercise price. Original consideration associated with expired share purchase warrants is reallocated to issued share capital.
Earnings Per Share	Earnings Per Share Basic earnings per share is computed by dividing the net income available to Sandstorm common shareholders by the weighted average number of common shares issued and outstanding during the period. Diluted earnings per share is calculated assuming that outstanding share options and share purchase warrants, with an average market price that exceeds the average exercise prices of the options and warrants for the year, are exercised and the proceeds are used to repurchase shares of the Company at the average market price of the common shares for the year.
Share Based Payments	Share Based Payments The Company recognizes share based compensation expense for all share purchase options and restricted share rights (“RSRs”) awarded to employees, officers and directors based on the fair values of the share purchase options and RSRs at the date of grant. The fair values of share purchase options and RSRs at the date of grant are expensed over the vesting periods of the share purchase options and RSRs, respectively, with a corresponding increase to equity. The fair value of share purchase options is determined using the BSM with market related inputs as of the date of grant. Share purchase options with graded vesting schedules are accounted for as separate grants with different vesting periods and fair values. The fair value of RSRs is the market value of the underlying shares at the date of grant. At the end of each reporting period, the Company re-assesses its estimates of the number of awards that are expected to vest and recognizes the impact of any revisions to this estimate in the Consolidated Statements of Income (Loss). The BSM requires management to estimate the expected volatility and expected term of the equity instrument, the risk-free rate of return over the term, expected dividends, and the number of equity instruments expected to ultimately vest. The Company uses its competitors market data with respect to expected volatility and expected dividend yield to the extent these factors are indicative of the Company’s future expectations. The expected term is estimated using historical exercise data, and the number of equity instruments expected to vest is estimated using historical forfeiture data.
Related Party Transactions	Related Party Transactions Parties are considered related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party. Parties are also considered related if they are subject to common control or significant influence. A transaction is considered a related party transaction when there is a transfer of resources or obligations between related parties.
Segment Reporting	Segment Reporting An operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur expenses. The Company’s operating segments are components of the Company’s business for which discrete financial information is available and which are reviewed regularly by the Company’s Chief Executive Officer to make decisions about resources to be allocated to the segment and assess its performance.
Leases	Leases
Non-controlling Interests	Non-controlling Interests The Company owns a 67.5% interest in Compañia Minera Caserones (“CMC”), which holds the Caserones Royalty. The non-controlling interest related to this entity has been recorded in equity. Sandstorm consolidates the results of CMC on a 100% basis, with the proportionate share of net income (loss) and comprehensive income (loss) attributable to owners of the Company and non-controlling interest presented separately. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the Company’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original acquisition and the non-controlling interest’s share of changes in equity since the date of the acquisition.
New and Amended Accounting Policies	New and Amended Accounting Policies The Company has applied the following accounting standard amendments which are effective January 1, 2023. New and amended accounting standards that are not applicable to the Company have been excluded from this note. The amendments listed below did not have any impact on the amounts recognized in prior and current periods and are not expected to significantly impact future periods. • Definition of Accounting Estimates – amendments to IAS 8 • Disclosure of Accounting Policies – amendments to IAS 1 and IFRS Practice Statement 2 Certain amendments to accounting standards have been published that are not mandatory for the December 31, 2023 reporting periods and have not been early adopted by the Company. These amendments are not expected to have a material impact on the entity in the current or future reporting periods.

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table sets forth the Company's financial assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as at December 31, 2023 and December 31, 2022. As at December 31, 2023: In $000s Total Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs SHORT-TERM INVESTMENTS Convertible debt $ 9,770 $ — $ 9,770 $ — LONG-TERM INVESTMENTS Common shares held $ 17,682 $ 17,682 $ — $ — Warrants and other 1,628 — 1,628 — Convertible debt 211,164 — 211,164 — $ 240,244 $ 17,682 $ 222,562 $ — As at December 31, 2022: In $000s Total Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs SHORT-TERM INVESTMENTS Convertible debt $ 1,272 $ — $ 1,272 $ — LONG-TERM INVESTMENTS Common shares held $ 19,025 $ 19,025 $ — $ — Warrants and other 2,088 — 2,088 — Convertible debt 105,004 — 105,004 — $ 127,389 $ 19,025 $ 108,364 $ —

Stream, Royalty and Other Int_2

Stream, Royalty and Other Interests (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Property, Plant And Equipment And Exploration And Evaluation [Abstract]
Carrying Amount Related to Stream, Royalty and Other Interests	Carrying Amount As of and for the year ended December 31, 2023: Cost Accumulated Depletion In $000s Opening Net Additions (Disposals) Ending Opening Depletion Depletion in Ending Inventory Disposals Impairment Ending Carrying Amount Antamina, Peru $ 342,227 $ (154,545) $ 187,682 $ 5,676 $ 8,576 $ — $ (11,418) $ — $ 2,834 $ 184,848 Aurizona, Brazil 11,091 — 11,091 3,246 492 — — — 3,738 7,353 Blyvoor, 106,332 — 106,332 787 1,225 57 — — 2,069 104,263 Bonikro, 37,773 — 37,773 3,106 4,956 842 — — 8,904 28,869 Caserones, Chile 82,678 — 82,678 1,656 5,832 — — — 7,488 75,190 Cerro Moro, Argentina 74,261 — 74,261 48,292 10,753 — — — 59,045 15,216 Chapada, Brazil 69,561 — 69,561 22,905 2,761 — — — 25,666 43,895 Fruta del Norte, Ecuador 33,268 — 33,268 6,010 2,098 — — — 8,108 25,160 Greenstone, Canada 107,234 — 107,234 — — — — — — 107,234 Horne 5, Canada 78,934 — 78,934 — — — — — — 78,934 Hod Maden, Türkiye 206,969 26 206,995 — — — — — — 206,995 Houndé, Burkina Faso 45,120 — 45,120 16,100 1,835 — — — 17,935 27,185 Hugo North Extension and Heruga, Mongolia 35,352 6 35,358 — — — — — — 35,358 Mercedes, Mexico 70,809 5,089 75,898 8,144 15,787 669 — — 24,600 51,298 Platreef, 186,640 360 187,000 — — — — — — 187,000 Relief Canyon, USA 26,448 11,010 37,458 12,652 4,731 1,209 — — 18,592 18,866 Vale Royalties, Brazil 117,787 — 117,787 3,981 2,426 — — — 6,407 111,380 Other 1 609,670 (14,091) 595,579 328,343 13,865 372 — 1,627 344,207 251,372 Total 2 $ 2,242,154 $ (152,145) $ 2,090,009 $ 460,898 $ 75,337 $ 3,149 $ (11,418) $ 1,627 $ 529,593 $ 1,560,416 1. Includes Vatukoula, Black Fox, Highland Valley, El Pilar, Cortez Complex (Robertson Deposit), CEZinc, Gualcamayo, Lobo-Marte, Ağı Dağı & Kirazlı and others. 2. Stream, royalty and other interests includes non-depletable assets of $36.5 million and depletable assets of $1,523.9 million. As of and for the year ended December 31, 2022: Cost Accumulated Depletion In $000s Opening Net Additions (Disposals) Ending Opening Depletion Impairment Ending Carrying Amount Antamina, Peru $ — $ 342,227 $ 342,227 $ — $ 5,676 $ — $ 5,676 $ 336,551 Aurizona, Brazil 11,091 — 11,091 2,867 379 — 3,246 7,845 Blyvoor, — 106,332 106,332 — 787 — 787 105,545 Bonikro, — 37,773 37,773 — 3,106 — 3,106 34,667 Caserones, Chile — 82,678 82,678 — 1,656 — 1,656 81,022 Cerro Moro, Argentina 74,252 9 74,261 36,298 11,994 — 48,292 25,969 Chapada, Brazil 69,554 7 69,561 19,845 3,060 — 22,905 46,656 Fruta del Norte, Ecuador 33,268 — 33,268 3,594 2,416 — 6,010 27,258 Greenstone, Canada — 107,234 107,234 — — — — 107,234 Horne 5, Canada — 78,934 78,934 — — — — 78,934 Hod Maden, Türkiye 5,818 201,151 206,969 — — — — 206,969 Houndé, Burkina Faso 45,120 — 45,120 13,941 2,159 — 16,100 29,020 Hugo North Extension and Heruga, Mongolia 35,352 — 35,352 — — — — 35,352 Mercedes, Mexico — 70,809 70,809 — 8,144 — 8,144 62,665 Platreef, South Africa — 186,640 186,640 — — — — 186,640 Relief Canyon, USA 26,441 7 26,448 7,531 5,121 — 12,652 13,796 Vale Royalties, Brazil 117,787 — 117,787 1,444 2,537 — 3,981 113,806 Other 1 455,000 154,670 609,670 314,512 12,745 1,086 328,343 281,327 Total 2 $ 873,683 $ 1,368,471 $ 2,242,154 $ 400,032 $ 59,780 $ 1,086 $ 460,898 $ 1,781,256 1. Includes Vatukoula, Black Fox, Highland Valley, El Pilar, Cortez Complex (Robertson Deposit), CEZinc, Gualcamayo, Lobo-Marte, Ağı Dağı & Kirazlı and others. 2. Stream, royalty and other interests includes non-depletable assets of $37.8 million and depletable assets of $1,743.5 million.

Investments in Associates (Tabl

Investments in Associates (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of associates [abstract]
Summary of Changes in Carrying Amount of Associate	The following table summarizes the changes in the carrying amount of the Company’s investments in associates: In $000s Sandbox Horizon Hod Maden Interest Entrée Resources Ltd. Total Investments At December 31, 2021 $ — $ — $ 63,313 $ 21,276 $ 84,589 Acquisition (disposal) of investment in associate 18,647 10,687 (52,645) (20,633) (43,944) Capital investment — — 3,818 — 3,818 Company's share of net loss of associate (307) (2,124) (745) (478) (3,654) Currency translation adjustments and other (62) 424 (13,741) (165) (13,544) At December 31, 2022 $ 18,278 $ 8,987 $ — $ — $ 27,265 Capital investment — 2,279 — — 2,279 Additions 30,183 — — — 30,183 Company's share of net loss of associate (1,202) (939) — — (2,141) Currency translation adjustments and other 38 (65) — — (27) At December 31, 2023 $ 47,297 $ 10,262 $ — $ — $ 57,559
Summarized Financial Information of Associate	Summarized financial information for the Company’s interest in Sandbox on a 100% basis and reflecting adjustments made by the Company, including fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies is as follows: In $000s Year Ended December 31, 2023 Year Ended December 31, 2022 Revenue $ 1,845 $ 355 Depletion (945) (267) Administration expenses (5,762) (272) Other expenses (293) (1,341) Total net loss $ (5,155) $ (1,525) Other comprehensive loss 248 (308) Total comprehensive loss $ (4,907) $ (1,833) Company's share of comprehensive net loss of associate $ (1,164) $ 369 In $000s At December 31, 2023 At December 31, 2022 Current Assets $ 11,349 $ 6,615 Non-current Assets 147,256 71,993 Total Assets $ 158,605 $ 78,608 Current Liabilities 414 86 Non-current Liabilities 44,790 15,975 Total Liabilities $ 45,204 $ 16,061 Net Assets $ 113,401 $ 62,547 Company’s share of net assets of associate 38,556 12,600 Adjustments to Sandstorm’s share of net assets 8,741 5,678 Carrying amount of investment in associate $ 47,297 $ 18,278 Summarized financial information for the Company’s interest in Horizon Copper on a 100% basis and reflecting adjustments made by the Company, including fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies is as follows: In $000s Year Ended December 31, 2023 Year Ended December 31, 2022 Revenue $ 4,054 $ — Depletion (4,536) — Administration expenses (1,456) (666) Other expenses (824) (5,582) Total net loss $ (2,762) $ (6,248) Other comprehensive loss $ (192) $ 1,249 Total comprehensive loss $ (2,954) $ (4,999) Company's share of comprehensive net loss of associate $ (1,004) $ (1,700) In $000s At December 31, 2023 At December 31, 2022 Current Assets $ 20,750 $ 41,360 Non-current Assets 499,495 259,523 Total Assets $ 520,245 $ 300,883 Current Liabilities 10,401 141 Non-current Liabilities 504,465 271,163 Total Liabilities $ 514,866 $ 271,304 Net Assets $ 5,379 $ 29,579 Company’s share of net assets of associate 1,829 10,057 Adjustments to Sandstorm’s share of net assets 8,433 (1,070) Carrying amount of investment in associate $ 10,262 $ 8,987

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Investments [Abstract]
Summary of Investments	As of and for the year ended December 31, 2023: In $000s Jan. 1, 2023 Additions Disposals Transfers Fair Value Adjustment Interest Revenue Dec. 31, 2023 SHORT-TERM INVESTMENTS Convertible debt instruments 1 $ 1,272 $ 8,875 $ (6,573) $ 6,196 $ — $ — $ 9,770 Loans receivable 3 2,501 16,439 (1,054) — — 744 18,630 Total short-term investments $ 3,773 $ 25,314 $ (7,627) $ 6,196 $ — $ 744 $ 28,400 LONG-TERM INVESTMENTS Common shares 2 $ 19,025 $ 8,590 $ (1,376) $ — $ (8,557) $ — $ 17,682 Warrants and other 1 2,088 — (540) — 80 — 1,628 Convertible debt instruments 1 105,004 114,001 (17,236) (6,196) 15,591 — 211,164 Total long-term investments $ 126,117 $ 122,591 $ (19,152) $ (6,196) $ 7,114 $ — $ 230,474 Total investments $ 129,890 $ 147,905 $ (26,779) $ — $ 7,114 $ 744 $ 258,874 1. Fair value adjustment recorded within Net Income (loss) for the period. 2. Fair value adjustment recorded within Other Comprehensive Income (loss) for the period. 3. Interest revenue recorded within Net Income (loss) for the period. As of and for the year ended December 31, 2022: In $000s Jan. 1, 2022 Additions Disposals Transfers Fair Value Adjustment Interest Revenue Dec. 31, 2022 SHORT-TERM INVESTMENTS Convertible debt instruments 1 $ — $ — $ — $ 1,272 $ — $ — $ 1,272 Loans receivable 3 5,001 — (2,787) — — 287 2,501 Total short-term investments $ 5,001 $ — $ (2,787) $ 1,272 $ — $ 287 $ 3,773 LONG-TERM INVESTMENTS Common shares 2 $ 21,486 $ 10,748 $ (4,820) $ — $ (8,389) $ — $ 19,025 Warrants and other 1 1,666 — — — 422 — 2,088 Convertible debt instruments 1 904 104,972 (934) (1,272) 1,334 — 105,004 Loans receivable 3 — 33,781 (33,311) — — (470) — Total long-term investments $ 24,056 $ 149,501 $ (39,065) $ (1,272) $ (6,633) $ (470) $ 126,117 Total investments $ 29,057 $ 149,501 $ (41,852) $ — $ (6,633) $ (183) $ 129,890 1. Fair value adjustment recorded within Net Income (loss) for the period. 2. Fair value adjustment recorded within Other Comprehensive Income (loss) for the period. 3. Interest revenue recorded within Net Income (loss) for the period.

Trade and Other Receivables (Ta

Trade and Other Receivables (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Trade and Other Receivables [Abstract]
Summary of Trade and Other Receivables	Trade and Other Receivables In $000s At December 31, 2023 At December 31, 2022 Trade receivables $ 15,154 $ 18,265 Other receivables 911 3,129 Total trade and other receivables $ 16,065 $ 21,394

Trade Payables and Other (Table

Trade Payables and Other (Tables)	12 Months Ended
	Dec. 31, 2023
Trade and other payables [abstract]
Summary of Trade Payables and Other	In $000s At December 31, 2023 At December 31, 2022 Accounts payable and accrued liabilities $ 5,741 $ 3,808 Dividends payable 4,537 4,446 Withholding taxes payable 726 1,120 Other payables 1 5,189 9,667 Total trade payables and other $ 16,193 $ 19,041 1. Includes an $1.9 million payable to Horizon Copper Corp. at December 31, 2023 (December 31, 2022 - $8.3 million).

Deferred Income Tax and Other_2

Deferred Income Tax and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Deferred Income And Other Liabilities [Abstract]
Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates and Average Effective Tax Rate	These differences result from the following items: In $000s Year Ended Year Ended Income before income taxes $ 46,912 $ 87,769 Canadian federal and provincial income tax rates 27 % 27 % Income tax expense based on the above rates $ 12,666 $ 23,698 Increase (decrease) due to: Non-deductible expenses and permanent differences $ 5,149 $ 2,102 Non-taxable portion of capital gain or loss (1,827) (3,776) Withholding taxes 2,821 2,975 Recognition of unrecognized losses on Horizon transaction — (11,977) Change in unrecognized temporary differences and other (14,606) (3,703) Income tax expense $ 4,203 $ 9,319
Deferred Tax Liabilities	The deferred tax liabilities are shown below: In $000s At December 31, 2023 At December 31, 2022 Non-capital losses $ 50,160 $ 27,664 Investments and other 957 2,240 Stream, royalty and other interests (60,122) (44,688) Total deferred income tax liabilities $ (9,005) $ (14,784)
Net Deferred Income Taxes	The movement in net deferred income taxes is shown below: In $000s Year Ended Year Ended Balance, beginning of the year $ (14,784) $ (18,294) Recognized in net income (loss) for the year 4,503 (4,058) Recognized in equity 185 1,634 Recognized in other comprehensive income (loss) for the year 1,091 900 Recognized from new acquisitions in the year — 5,034 Balance, end of year $ (9,005) $ (14,784)

Share Capital and Reserves (Tab

Share Capital and Reserves (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Share-Based Payment Arrangements [Abstract]
Summary of Number of Options and Weighted Average Exercise Price per Share	A summary of the Company’s options and the changes for the period is as follows: Number of options Weighted average exercise price per share (CAD) Options outstanding at December 31, 2021 11,239,342 7.47 Granted 6,249,148 7.19 Exercised (1,130,218) (5.39) Expired (2,250) (15.00) Options outstanding at December 31, 2022 16,356,022 7.50 Granted 4,101,417 6.53 Exercised (1,147,066) (5.99) Expired (2,009,933) (6.07) Options outstanding at December 31, 2023 17,300,440 7.54
Summary of Share Purchase Options and Exercise Price Ranges	A summary of the Company’s options as of December 31, 2023 is as follows: Year of expiry Number outstanding Vested Exercise price per share Weighted average exercise price per share 1 2024 3,188,023 3,188,023 1.66 – 12.40 8.05 2025 2,812,000 2,812,000 9.43 9.43 2026 2,968,000 1,978,671 7.18 7.18 2027 4,231,000 1,410,340 7.12 7.12 2028 4,101,417 — 6.53 — 17,300,440 9,389,034 8.14 1. Weighted average exercise price of options that are exercisable.
Summary of Share Purchase Options and Exercise Price Ranges	A summary of the Company’s options as of December 31, 2023 is as follows: Year of expiry Number outstanding Vested Exercise price per share Weighted average exercise price per share 1 2024 3,188,023 3,188,023 1.66 – 12.40 8.05 2025 2,812,000 2,812,000 9.43 9.43 2026 2,968,000 1,978,671 7.18 7.18 2027 4,231,000 1,410,340 7.12 7.12 2028 4,101,417 — 6.53 — 17,300,440 9,389,034 8.14 1. Weighted average exercise price of options that are exercisable.
Summery of Warrants	A summary of the Company’s warrants and the changes for the period is as follows: Number of warrants Shares to be issued upon Warrants outstanding at December 31, 2021 - - Issued 2,661,012 2,661,012 Exercised (484) (484) Expired (2,418,528) (2,418,528) Warrants outstanding at December 31, 2022 and December 31, 2023 242,000 242,000
Summary of Information of Diluted Earnings per Share	Diluted earnings per share is calculated based on the following: In $000s Year Ended Year Ended Net income attributable to Sandstorm’s shareholders for the year $ 41,716 $ 78,361 Basic weighted average number of shares 297,406,309 231,348,386 Basic earnings per share $ 0.14 $ 0.34 Effect of dilutive securities Stock options 644,651 1,192,958 Restricted share rights 1,940,197 1,776,836 Diluted weighted average number of common shares 299,991,157 234,318,180 Diluted earnings per share $ 0.14 $ 0.33
Number of Stock Options and Warrants Excluded from the Computation of Diluted Earnings per Share	The following table lists the number of potentially dilutive securities excluded from the computation of diluted earnings per share because the exercise prices exceeded the average market value of the common shares of CAD7.10 during the year ended December 31, 2023 (December 31, 2022 — CAD8.10). Year Ended Year Ended Stock Options 12,896,931 4,700,144 Warrants 242,000 2,225,825
Summarized Financial Information of Subsidiary	Summarized financial information for the Company’s investment in this subsidiary, on a 100% basis and reflecting adjustments made by the Company, including fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies is as follows: In $000s At December 31, 2023 At December 31, 2022 Current Assets $ 2,356 $ 1,791 Non-current Assets 62,852 81,022 Total Assets $ 65,208 $ 82,813 Current Liabilities 767 445 Non-current Liabilities — — Total Liabilities $ 767 $ 445 Net Assets $ 64,441 $ 82,368 Year Ended December 31, 2023 Year Ended December 31, 2022 Revenue $ 12,022 $ 2,615 Depletion (4,875) (1,656) Administration expenses and other (92) 28 Income tax expense (4,000) (714) Total net income and comprehensive income $ 3,055 $ 273 Total net income and comprehensive income attributable to non-controlling interests $ 993 $ 89

Administration Expenses (Tables

Administration Expenses (Tables)	12 Months Ended
	Dec. 31, 2023
Analysis of income and expense [abstract]
Schedule of Administration Expenses	The administration expenses for the Company are as follows: In $000s Year Ended Year Ended Corporate administration $ 4,232 $ 3,732 Employee benefits and salaries 3,878 3,864 Professional fees 2,375 2,552 Administration expenses before share-based compensation $ 10,485 $ 10,148 Equity settled share-based compensation (a non-cash expense) 3,888 3,246 Total administration expenses $ 14,373 $ 13,394

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Supplemental Cash Flow Information [Abstract]
Summary of Supplemental Cash Flow Information	In $000s Year Ended Year Ended Change in non-cash working capital: Trade receivables and other $ 1,494 $ (5,498) Trade payables and other 203 2,608 Net increase (decrease) in cash $ 1,697 $ (2,890) Significant non-cash transactions: Financial instrument received on disposal of Stream, royalty and other interests $ 122,745 $ 14,123 Sandbox common shares received in consideration for a convertible debenture payment 17,249 — Sandbox common shares received on disposal of Stream, royalty and other interests 14,988 18,564 Financial instrument received on disposal of Entrée investment in associate — 33,781 Common shares issued on acquisition of BaseCore portfolio of Stream, royalty and other interests — (75,304) Common shares issued on acquisition of Nomad portfolio of Stream, royalty and other interests — (454,089) Financial instruments received on disposal of Hod Maden investment in associate — 68,348 Financial instrument disposed of on disposal of Hod Maden investment in associate — (33,311) Horizon Copper investment in associate received on disposal of Hod Maden investment in associate — 10,687

Key Management Compensation (Ta

Key Management Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Key Management Compensation [Abstract]
Disclosure of Key Management Compensation	The remuneration of directors and those persons having authority and responsibility for planning, directing and controlling activities of the Company are as follows: In $000s Year Ended Year Ended Salaries and benefits $ 1,630 $ 3,000 Share-based payments 5,116 4,124 Total key management compensation expense $ 6,746 $ 7,124

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Commitments And Contingencies [Abstract]
Purchase Commitments	In connection with its Streams, the Company has committed to purchase the following: Stream % of Life of Mine Gold or Relevant Commodity Per Ounce Cash Payment: lesser of amount below and the then prevailing market price of commodity Antamina 1.66% 2.5% of silver spot price Black Fox 1 8% $589 Blyvoor 2 10% $572 Bonikro 3 6% $400 Cerro Moro 4 20% 30% of silver spot price CEZinc 5 1% 20% of quarterly average zinc spot price Chapada 6 4.2% 30% of copper spot price Entrée 1,7,8 5.62% on Hugo North Extension Varies Greenstone 9 2.375% 20% of gold spot price Hod Maden 10 20% 50% of gold spot price until 405,000 ounces of gold have been delivered, then 60% of gold spot price thereafter Karma 1.625% 20% of gold spot price Mercedes 11 29,400 ounces of gold over 49 months and 4.4% thereafter 3,750,000 ounces of silver, and 30% of silver produced thereafter Varies Platreef 12 37.5% Varies Relief Canyon 13 39,174 ounces over 6.5 years and 4% thereafter Varies Santa Elena 1 20% $478 South Arturo 40% 20% of silver spot price Vatukoula 14 11,022 ounces over 4.5 years and 1.199% – 1.363% thereafter 20% of gold spot price Woodlawn 15 Varies Nil 1. Per ounce cash payment subject to an annual inflationary adjustment. 2. For the Blyvoor Gold Stream, until 300,000 ounces have been delivered, Blyvoor Gold (Pty) Ltd. will deliver 10% of gold production until 16,000 ounces have been delivered in the calendar year, then 5% of the remaining production for that calendar year. Following the Initial Blyvoor Delivery Threshold, Sandstorm will receive 0.5% of gold production on the first 100,000 ounces in a calendar year until a cumulative 10.32 million ounces of gold have been produced. Under the Stream agreement Sandstorm will make ongoing payments at the lesser of $572 per ounce delivered and the gold market price on the business day immediately preceding the date of delivery. 3. For the Bonikro Gold Stream, Sandstorm will receive 6% of gold produced at the mine until 39,000 ounces of gold are delivered, then 3.5% of gold produced until 61,750 cumulative ounces of gold have been delivered, then 2% thereafter. Under the Stream agreement Sandstorm will make ongoing payments at the lesser of $400 per ounce delivered and the gold market price on the business day immediately preceding the date of delivery. 4. Under the terms of the Cerro Moro silver stream, Sandstorm has agreed to purchase an amount of silver from Cerro Moro equal to 20% of the silver produced (up to an annual maximum of 1.2 million ounces of silver), until 7.0 million ounces of silver have been delivered to Sandstorm; then 9.0% of the silver produced thereafter. 5. For the CEZinc zinc stream, the Company has committed to purchase 1.0% of the zinc produced until the later of June 30, 2030 or delivery of 68.0 million pounds of zinc under the contract. 6. For the Chapada copper stream, the Company has committed to purchase an amount equal to 4.2% of the copper produced (up to an annual maximum of 3.9 million pounds of copper) until the mine has delivered 39 million pounds of copper to Sandstorm; then 3.0% of the copper produced until, on a cumulative basis, the mine has delivered 50 million pounds of copper to Sandstorm; then 1.5% of the copper produced thereafter, for the life of the mine. 7. For the Entrée Gold Stream, after approximately 8.6 million ounces of gold have been produced from the joint venture property, the price increases from $220 per gold ounce to $500 per gold ounce. For the Entrée silver stream, the purchase price is the lesser of the prevailing market price and $5 per ounce of silver until 40.3 million ounces of silver have been produced from the entire joint venture property. Thereafter, the purchase price will increase to the lesser of the prevailing market price and $10 per ounce of silver. For the Entrée Gold and silver stream, percentage of life of mine is 5.62% on Hugo North Extension and 4.26% on Heruga if the minerals produced are contained below 560 metres in depth. For the Entrée Gold and silver stream, percentage of life of mine is 8.43% on Hugo North Extension and 6.39% on Heruga if the minerals produced are contained above 560 metres in depth. 8. For the Entrée copper stream, the Company has committed to purchase an amount equal to 0.42% of the copper produced from the Hugo North Extension and Heruga deposits. If the minerals produced are contained above 560 metres in depth, then the commitment increases to 0.62% for both the Hugo North Extension and Heruga deposits. Sandstorm will make ongoing per pound cash payments equal to the lesser of $0.50 and the then prevailing market price of copper, until 9.1 billion pounds of copper have been produced from the entire joint venture property. Thereafter, the ongoing per pound payments will increase to the lesser of $1.10 and the then prevailing market price of copper. 9. For Greenstone, the Gold Stream on the project is for 2.375% of gold production from the Greenstone joint venture (100% basis), until 120,333 ounces of gold have been delivered, then 1.583% thereafter. In addition to the ongoing payments of 20% of the spot price of gold and to the extent the costs are incurred by the Greenstone joint venture, Sandstorm will pay the joint venture $30 per ounce to fund mine-level environmental and social programs. 10. Under the Hod Maden Gold Stream, Sandstorm will receive 20% of all gold produced from Hod Maden (on a 100% basis) and will make ongoing payments of 50% of the gold spot price until 405,000 ounces of gold are delivered (the "Delivery Threshold"). Once the Delivery Threshold has been reached, Sandstorm will receive 12% of the gold produced for the life of the mine for ongoing payments of 60% of the gold spot price. 11. In January 2024, the Company restructured its Mercedes Gold and Silver streams with the revised terms included in Note 5 (d). Under the original terms of the Mercedes Gold Stream, after receipt of 25,200 gold ounces (the cost of which is 7.5% of the spot price), the Company is entitled to purchase 4.4% of the gold produced from the Mercedes Mine for ongoing per ounce cash payments equal to 25% of the spot price of gold. Under the original terms of the Mercedes silver stream, until 3,750,000 ounces of silver have been delivered under the contract (the cost of which is 20% of the spot price of silver), the Company is entitled to purchase 100% of silver produced with a minimum annual delivery requirement of 300,000 ounces per annum. After 3,750,000 ounces of silver have been delivered under the contract, the Company is entitled to purchase 30% of silver produced (the cost of which is 20% of the spot price of silver). 12. Under the terms of the Platreef Gold Stream, the Company has the right to purchase 37.5% of gold produced until 131,250 gold ounces have been delivered, 30% until an aggregate of 256,980 ounces of gold are delivered, and 1.875% thereafter if certain conditions are met. In calculating gold deliveries owing under the Stream, a fixed payability factor of 80% is applied to all gold production. Until 256,980 ounces have been delivered, Sandstorm will make ongoing payments equal to the lesser of $100 per ounce of gold and the gold market price on the business day immediately preceding the date of delivery. After 256,980 ounces have been delivered, Sandstorm will make ongoing payments of 80% of the spot price of gold for each ounce delivered. 13. For the Relief Canyon Stream, after receipt of 32,022 gold ounces (the cost of which is nil), the Company is entitled to purchase 4.0% of the gold and silver produced from the Relief Canyon Mine for ongoing per ounce cash payments equal to 30%-65% of the spot price of gold or silver, with the range dependent on the concession's existing royalty obligations. 14. Under the terms of the amended Vatukoula Gold Stream, the Company is entitled to fixed deliveries totaling 11,022 gold ounces (the cost of which is 20% of the spot price) after January 1, 2023 (the "Vatukoula Fixed Delivery Period"). Following the Vatukoula Fixed Delivery Period, the Company is entitled to purchase 1.363% for the first 100,000 ounces of gold produced in a calendar year, and 1.199% for the volume of production above 100,000 ounces, with both variable delivery rates subject to upward adjustment depending on the final scale of the Company's investment in the Vatukoula Gold Stream. 15.
Contractual Obligations Related to Bank Debt, Interest and Leases on an Undiscounted Basis	Contractual obligations related to bank debt, interest and leases on an undiscounted basis are as follows: In $000s Total Less than one year 1–3 years 4–5 years More than 5 years Bank debt 1 $ 435,000 $ — $ — $ 435,000 $ — Interest 2 104,608 32,859 53,477 18,272 — Leases 3 26,423 2,482 5,261 4,316 14,364 $ 566,031 $ 35,341 $ 58,738 $ 457,588 $ 14,364 1. As at December 31, 2023, the Company had $435 million drawn and outstanding on the Revolving Facility. The repayment date in the table above reflects the full term of the facility which matures on September 11, 2027, assuming no extension periods. 2. The amounts drawn on the Revolving Facility are subject to an interest rate of SOFR plus 1.875%–3.5% per annum, and the undrawn portion of the Revolving Facility is subject to a standby fee of 0.4219% - 0.7875% per annum, both of which are dependent on the terms of the Revolving Facility and the Company's leverage ratio. The interest charges have been estimated based on assumptions of the Company's future leverage ratio. The Revolving Facility incorporates sustainability-linked incentive pricing terms that allow the Company to reduce the borrowing costs from the interest rates described above as the Company's ESG targets are met. The interest charges have been estimated based on the assumption that the Company will continue with the same pricing adjustment to the debt maturity date. As the applicable interest rate is floating in nature, the interest charges are estimated based on market forward interest rate curves at the ending of the reporting period combined with the assumption that the principal balance outstanding at December 31, 2023, does not change until the debt maturity date 3.

Segmented Information (Tables)

Segmented Information (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of operating segments [abstract]
Summary of Company's Reportable Operating Segments	The Company’s reportable operating segments, which are components of the Company’s business where separate financial information is available and which are evaluated on a regular basis by the Company’s Chief Executive Officer, who is the Company’s chief operating decision maker, for the purpose of assessing performance, are summarized in the tables below: For the year ended December 31, 2023: In $000s Product Sales Royalty revenue Cost of sales excluding depletion Depletion Stream, royalty and other interests impairment Contractual income from Stream, royalty and other interests Loss (gain) on disposal of Stream, royalty and other interests Income (loss) before taxes Cash flows from operating activities Antamina, Peru Copper, Other 1 $ – $ 12,040 $ – $ 7,215 $ – $ – $ 2,039 $ 2,786 $ 11,455 Silver 2,222 547 55 1,361 – – – 1,353 2,714 Aurizona, Brazil Gold – 9,825 – 492 – – – 9,333 9,025 Blyvoor, Gold 4,431 – 1,313 1,225 – – – 1,893 2,994 Bonikro, Gold 9,223 – 1,919 4,956 – – – 2,348 7,619 Caserones, Chile Copper – 12,022 – 5,832 – – – 6,190 8,365 Cerro Moro, Argentina Silver 26,197 – 7,853 10,753 – – – 7,591 18,345 Chapada, Brazil Copper 13,469 – 4,074 2,761 – – – 6,634 9,395 Fruta del Norte, Ecuador Gold – 7,722 – 2,098 – – – 5,624 5,434 Houndé, Gold – 5,731 – 1,835 – – – 3,896 4,474 Mercedes, Mexico Gold, Silver 2 24,757 – 2,258 15,787 – – – 6,712 24,511 Relief Canyon, United States Gold 9,396 – – 4,731 – – – 4,665 9,395 Vale Royalties, Brazil Iron Ore – 5,988 – 2,426 – – – 3,562 5,005 Other 3 Gold 11,412 10,790 3,054 6,790 940 (11,810) – 23,228 30,068 Copper, Other 5,477 8,387 1,151 7,075 687 – (3,988) 8,939 12,644 Total Segments $ 106,584 $ 73,052 $ 21,677 $ 75,337 $ 1,627 $ (11,810) $ (1,949) $ 94,754 $ 161,443 Corporate: Administration and Project evaluation expenses $ – $ – $ – $ – $ – $ – $ – $ (21,526) $ (13,321) Gain on revaluation of investments – – – – – – – 15,671 – Finance expense – – – – – – – (39,515) (115) Share of net income (loss) – – – – – – – (2,141) – Other – – – – – – – (331) 4,747 Total Corporate $ – $ – $ – $ – $ – $ – $ – $ (47,842) $ (8,689) Consolidated $ 106,584 $ 73,052 $ 21,677 $ 75,337 $ 1,627 $ (11,810) $ (1,949) $ 46,912 $ 152,754 1. Royalty revenue from Antamina consists of $9.1 million from copper and $2.9 million from other base metals. 2. Revenue from Mercedes consists of $21.8 million from gold and $3.0 million from silver. 3. Where a Stream, royalty and other interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and represents an interest on gold, silver or other metal, the interest has been summarized under Other. Other includes Vatukoula, Highland Valley, Black Fox, CEZinc, Gualcamayo and others. Includes revenue from Stream, royalty and other interests located in Canada of $23.3 million, Mexico of $3.6 million and other of $9.2 million. Includes revenue from gold of $22.2 million, copper of $4.7 million, diamonds of $3.3 million and other base metals of $5.9 million. Contractual income from stream, royalty and other interests includes a one-time contractual payment of $10.0 million received related to the Mt. Hamilton royalty. Reportable segments that have not met the criteria for separate disclosure in the current period have been included in Other for the current and prior period. For the year ended December 31, 2022: In $000s Product Sales Royalty revenue Cost of sales excluding depletion Depletion Stream, royalty and other interests impairment Gain on disposal of Stream, royalty and other interests and Other Income (loss) before taxes Cash flows from operating activities Antamina, Peru Copper, Other 1 $ – $ 4,269 $ – $ 5,676 $ – $ – $ (1,407) $ 1,069 Aurizona, Brazil Gold – 6,925 – 379 – – 6,546 7,925 Blyvoor, Gold 2,589 – 1,199 787 – – 603 2,083 Bonikro, Gold 5,243 – 2,422 3,106 – – (285) 3,742 Caserones, Chile Copper – 2,615 – 1,656 – – 959 2,747 Cerro Moro, Argentina Silver 27,804 – 8,323 11,994 – – 7,487 19,480 Chapada, Brazil Copper 16,016 – 4,828 3,060 – – 8,128 11,188 Fruta del Norte, Ecuador Gold – 6,546 – 2,416 – – 4,130 4,757 Houndé, Gold – 5,815 – 2,159 – – 3,656 3,547 Mercedes, Mexico Gold, Silver 2 14,934 – 2,001 8,144 – – 4,789 11,669 Relief Canyon, United States Gold 10,891 – – 5,121 – – 5,770 10,891 Vale Royalties, Brazil Iron Ore – 7,813 – 2,537 – – 5,276 7,618 Other 3 Gold 16,584 5,635 3,795 7,699 1,086 (2,396) 12,035 17,929 Copper, Other 3,754 11,299 798 5,046 – (23,437) 32,646 14,734 Total Segments $ 97,815 $ 50,917 $ 23,366 $ 59,780 $ 1,086 $ (25,833) $ 90,333 $ 119,379 Corporate: Administration and Project evaluation expenses $ – $ – $ – $ – $ – $ – $ (20,828) $ (14,269) Gain on revaluation of investments – – – – – – 1,756 – Finance expense – – – – – – (17,286) (122) Gain on disposal of investment in associates – – – – – – 37,396 – Share of net income (loss) – – – – – – (3,654) – Other – – – – – – 52 1,928 Total Corporate $ – $ – $ – $ – $ – $ – $ (2,564) $ (12,463) Consolidated $ 97,815 $ 50,917 $ 23,366 $ 59,780 $ 1,086 $ (25,833) $ 87,769 $ 106,916 1. Royalty revenue from Antamina consists of $2.9 million from copper, $0.2 million from silver and $1.2 million from other base metals. 2. Revenue from Mercedes consists of $12.4 million from gold and $2.5 million from silver. 3. Where a Stream, royalty and other interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and represents an interest on gold, silver or other metal, the interest has been summarized under Other. Other includes Vatukoula, Highland Valley, Black Fox, CEZinc, Gualcamayo and others. Includes revenue from Stream, royalty and other interests located in Canada of $23.5 million, Mexico of $4.8 million and other of $9.0 million. Includes revenue from gold of $22.2 million, other base metals of $5.6 million, diamonds of $8.2 million and copper of $1.3 million. Reportable segments that have not met the criteria for separate disclosure in the current period have been included in Other for the current and prior period. Total assets as of: In $000s December 31, 2023 December 31, 2022 Antamina $ 185,748 $ 339,751 Aurizona 10,053 9,745 Blyvoor 104,380 105,545 Bonikro 30,035 35,306 Caserones 77,540 82,800 Cerro Moro 15,217 25,969 Chapada 43,895 46,656 Fruta del Norte 26,761 28,658 Greenstone 107,234 107,234 Horne 5 78,934 78,934 Hod Maden 206,996 206,969 Houndé 28,341 30,037 Hugo North Extension and Heruga 35,358 35,352 Mercedes 52,132 64,945 Platreef 187,000 186,640 Relief Canyon 20,074 13,796 Vale Royalties 114,529 116,856 Other 1 255,276 284,548 Total Segments $ 1,579,503 $ 1,799,741 Corporate: Cash and cash equivalents $ 5,003 $ 7,029 Investments 258,874 129,890 Other assets 2 88,046 38,117 Total Corporate $ 351,923 $ 175,036 Consolidated $ 1,931,426 $ 1,974,777 1. Where a Stream, royalty and other interest represents less than 10% of the Company's sales, gross margin or aggregate asset book value and represents an interest on gold, silver or other metal, the interest has been summarized under Other. Includes Vatukoula, Black Fox, Highland Valley, El Pilar, Cortez Complex (Robertson Deposit), CEZinc, Gualcamayo, Lobo-Marte, Ağı Dağı & Kirazlı, and others. Reportable segments that have not met the criteria for separate disclosure in the current period have been included in Other for the current and prior period. 2.
Non-current Assets by Geographical Region	Non-current assets by geographical region as of: In $000s December 31, 2023 1 December 31, 2022 1 North America Canada $ 304,169 $ 296,794 Mexico 54,344 79,852 USA 75,836 68,496 South & Central America Peru $ 186,339 $ 338,042 Brazil 180,380 186,740 Chile 77,650 83,482 Argentina 47,750 58,493 Ecuador 25,161 27,259 French Guiana 5,160 5,160 Africa South Africa $ 293,562 $ 294,707 Burkina Faso 34,135 35,927 Cote d'Ivoire 28,869 34,667 Other Türkiye $ 210,162 $ 210,888 Mongolia 36,001 35,995 Australia 16,177 16,982 Fiji 13,622 14,886 Other 298 298 Consolidated $ 1,589,615 $ 1,788,668 1. Includes Stream, royalty and other interests and Other long-term assets.

Summary of Material Accountin_3

Summary of Material Accounting Policies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Material Accounting Policies [Line Items]
Impairment losses recognized on financial assets	$ 0	$ 0
CMC
Disclosure Of Material Accounting Policies [Line Items]
Percentage of interest acquired in subsidiary	67.50%
Consolidation basis percentage	100%

Key Sources of Estimation Unc_2

Key Sources of Estimation Uncertainty and Critical Accounting Judgments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Key Sources Of Estimation Uncertainty And Critical Accounting Judgments [Abstract]
Stream, royalty and other interests	$ 1,560,416	$ 1,781,256

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about financial instruments [line items]
Equity attributable to Sandstorm Gold Ltd.’s shareholders	$ 1,429,001	$ 1,414,700
Cash and cash equivalents	5,003	7,029	$ 16,166
Investments	258,874	129,890	$ 29,057
Non-controlling interests	24,980	26,705
Liquidity risk
Disclosure of detailed information about financial instruments [line items]
Cash and cash equivalents	5,000	7,000
Liquidity risk | Equity Securities, Warrants, Other, Debt Securities And Loans Receivable
Disclosure of detailed information about financial instruments [line items]
Investments	$ 258,900	$ 129,900
Interest rate risk | Floating interest rate
Disclosure of detailed information about financial instruments [line items]
Change in risk variable, percent	1%
Interest rate risk impact on net income	$ 5,000
Currency risk
Disclosure of detailed information about financial instruments [line items]
Change in risk variable, percent	10%
Long term investments fair value increase (decrease) potential in net income (loss)	$ 2,000
Long term investments fair value increase (decrease) potential in other comprehensive income (loss)	$ 0
Other price risk
Disclosure of detailed information about financial instruments [line items]
Change in risk variable, percent	10%
Long term investments fair value increase (decrease) potential in net income (loss)	$ 0
Long term investments fair value increase (decrease) potential in other comprehensive income (loss)	$ 1,700

Financial Instruments - Financi

Financial Instruments - Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SHORT-TERM INVESTMENTS
Short-term investments	$ 28,400	$ 3,773
LONG-TERM INVESTMENTS
Long-term investments	230,474	126,117
Total	258,874	129,890	$ 29,057
Recurring fair value measurement
LONG-TERM INVESTMENTS
Total	240,244	127,389
Recurring fair value measurement | Convertible debt
SHORT-TERM INVESTMENTS
Short-term investments	9,770	1,272
LONG-TERM INVESTMENTS
Long-term investments	211,164	105,004
Recurring fair value measurement | Common shares held
LONG-TERM INVESTMENTS
Long-term investments	17,682	19,025
Recurring fair value measurement | Warrants and other
LONG-TERM INVESTMENTS
Long-term investments	1,628	2,088
Recurring fair value measurement | Quoted prices in active markets for identical assets (Level 1)
LONG-TERM INVESTMENTS
Total	17,682	19,025
Recurring fair value measurement | Quoted prices in active markets for identical assets (Level 1) | Convertible debt
SHORT-TERM INVESTMENTS
Short-term investments	0	0
LONG-TERM INVESTMENTS
Long-term investments	0	0
Recurring fair value measurement | Quoted prices in active markets for identical assets (Level 1) | Common shares held
LONG-TERM INVESTMENTS
Long-term investments	17,682	19,025
Recurring fair value measurement | Quoted prices in active markets for identical assets (Level 1) | Warrants and other
LONG-TERM INVESTMENTS
Long-term investments	0	0
Recurring fair value measurement | Significant other observable inputs (Level 2)
LONG-TERM INVESTMENTS
Total	222,562	108,364
Recurring fair value measurement | Significant other observable inputs (Level 2) | Convertible debt
SHORT-TERM INVESTMENTS
Short-term investments	9,770	1,272
LONG-TERM INVESTMENTS
Long-term investments	211,164	105,004
Recurring fair value measurement | Significant other observable inputs (Level 2) | Common shares held
LONG-TERM INVESTMENTS
Long-term investments	0	0
Recurring fair value measurement | Significant other observable inputs (Level 2) | Warrants and other
LONG-TERM INVESTMENTS
Long-term investments	1,628	2,088
Recurring fair value measurement | Significant unobservable inputs (Level 3)
LONG-TERM INVESTMENTS
Total	0	0
Recurring fair value measurement | Significant unobservable inputs (Level 3) | Convertible debt
SHORT-TERM INVESTMENTS
Short-term investments	0	0
LONG-TERM INVESTMENTS
Long-term investments	0	0
Recurring fair value measurement | Significant unobservable inputs (Level 3) | Common shares held
LONG-TERM INVESTMENTS
Long-term investments	0	0
Recurring fair value measurement | Significant unobservable inputs (Level 3) | Warrants and other
LONG-TERM INVESTMENTS
Long-term investments	$ 0	$ 0

Stream, Royalty and Other Int_3

Stream, Royalty and Other Interests - Carrying Amount Related to Stream, Royalty and Other Interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accumulated Depletion
Depletion	$ 75,337	$ 59,780
Impairment	1,627	1,086
Carrying Amount	1,560,416	1,781,256
Other
Accumulated Depletion
Carrying Amount	251,372	281,327
Cost
Cost
Opening	2,242,154	873,683
Net Additions (Disposals)	(152,145)	1,368,471
Ending	2,090,009	2,242,154
Cost | Other
Cost
Opening	609,670	455,000
Net Additions (Disposals)	(14,091)	154,670
Ending	595,579	609,670
Accumulated Depletion
Accumulated Depletion
Opening	460,898	400,032
Depletion	75,337	59,780
Depletion in Ending Inventory	3,149
Disposals	(11,418)
Impairment	1,627	1,086
Ending	529,593	460,898
Accumulated Depletion | Other
Accumulated Depletion
Opening	328,343	314,512
Depletion	13,865	12,745
Depletion in Ending Inventory	372
Disposals	0
Impairment	1,627	1,086
Ending	344,207	328,343
Peru | Antamina
Accumulated Depletion
Carrying Amount	184,848	336,551
Peru | Cost | Antamina
Cost
Opening	342,227	0
Net Additions (Disposals)	(154,545)	342,227
Ending	187,682	342,227
Peru | Accumulated Depletion | Antamina
Accumulated Depletion
Opening	5,676	0
Depletion	8,576	5,676
Depletion in Ending Inventory	0
Disposals	(11,418)
Impairment	0	0
Ending	2,834	5,676
Brazil | Aurizona
Accumulated Depletion
Carrying Amount	7,353	7,845
Brazil | Chapada
Accumulated Depletion
Carrying Amount	43,895	46,656
Brazil | Vale Royalties
Accumulated Depletion
Carrying Amount	111,380	113,806
Brazil | Cost | Aurizona
Cost
Opening	11,091	11,091
Net Additions (Disposals)	0	0
Ending	11,091	11,091
Brazil | Cost | Chapada
Cost
Opening	69,561	69,554
Net Additions (Disposals)	0	7
Ending	69,561	69,561
Brazil | Cost | Vale Royalties
Cost
Opening	117,787	117,787
Net Additions (Disposals)	0	0
Ending	117,787	117,787
Brazil | Accumulated Depletion | Aurizona
Accumulated Depletion
Opening	3,246	2,867
Depletion	492	379
Depletion in Ending Inventory	0
Disposals	0
Impairment	0	0
Ending	3,738	3,246
Brazil | Accumulated Depletion | Chapada
Accumulated Depletion
Opening	22,905	19,845
Depletion	2,761	3,060
Depletion in Ending Inventory	0
Disposals	0
Impairment	0	0
Ending	25,666	22,905
Brazil | Accumulated Depletion | Vale Royalties
Accumulated Depletion
Opening	3,981	1,444
Depletion	2,426	2,537
Depletion in Ending Inventory	0
Disposals	0
Impairment	0	0
Ending	6,407	3,981
South Africa | Blyvoor
Accumulated Depletion
Carrying Amount	104,263	105,545
South Africa | Platreef
Accumulated Depletion
Carrying Amount	187,000	186,640
South Africa | Cost | Blyvoor
Cost
Opening	106,332	0
Net Additions (Disposals)	0	106,332
Ending	106,332	106,332
South Africa | Cost | Platreef
Cost
Opening	186,640	0
Net Additions (Disposals)	360	186,640
Ending	187,000	186,640
South Africa | Accumulated Depletion | Blyvoor
Accumulated Depletion
Opening	787	0
Depletion	1,225	787
Depletion in Ending Inventory	57
Disposals	0
Impairment	0	0
Ending	2,069	787
South Africa | Accumulated Depletion | Platreef
Accumulated Depletion
Opening	0	0
Depletion	0	0
Depletion in Ending Inventory	0
Disposals	0
Impairment	0	0
Ending	0	0
Cote d'Ivoire | Bonikro
Accumulated Depletion
Carrying Amount	28,869	34,667
Cote d'Ivoire | Cost | Bonikro
Cost
Opening	37,773	0
Net Additions (Disposals)	0	37,773
Ending	37,773	37,773
Cote d'Ivoire | Accumulated Depletion | Bonikro
Accumulated Depletion
Opening	3,106	0
Depletion	4,956	3,106
Depletion in Ending Inventory	842
Disposals	0
Impairment	0	0
Ending	8,904	3,106
Chile | Caserones
Accumulated Depletion
Carrying Amount	75,190	81,022
Chile | Cost | Caserones
Cost
Opening	82,678	0
Net Additions (Disposals)	0	82,678
Ending	82,678	82,678
Chile | Accumulated Depletion | Caserones
Accumulated Depletion
Opening	1,656	0
Depletion	5,832	1,656
Depletion in Ending Inventory	0
Disposals	0
Impairment	0	0
Ending	7,488	1,656
Argentina | Cerro Moro
Accumulated Depletion
Carrying Amount	15,216	25,969
Argentina | Cost | Cerro Moro
Cost
Opening	74,261	74,252
Net Additions (Disposals)	0	9
Ending	74,261	74,261
Argentina | Accumulated Depletion | Cerro Moro
Accumulated Depletion
Opening	48,292	36,298
Depletion	10,753	11,994
Depletion in Ending Inventory	0
Disposals	0
Impairment	0	0
Ending	59,045	48,292
Ecuador | Fruta del Norte
Accumulated Depletion
Carrying Amount	25,160	27,258
Ecuador | Cost | Fruta del Norte
Cost
Opening	33,268	33,268
Net Additions (Disposals)	0	0
Ending	33,268	33,268
Ecuador | Accumulated Depletion | Fruta del Norte
Accumulated Depletion
Opening	6,010	3,594
Depletion	2,098	2,416
Depletion in Ending Inventory	0
Disposals	0
Impairment	0	0
Ending	8,108	6,010
Canada | Greenstone
Accumulated Depletion
Carrying Amount	107,234	107,234
Canada | Horne 5
Accumulated Depletion
Carrying Amount	78,934	78,934
Canada | Cost | Greenstone
Cost
Opening	107,234	0
Net Additions (Disposals)	0	107,234
Ending	107,234	107,234
Canada | Cost | Horne 5
Cost
Opening	78,934	0
Net Additions (Disposals)	0	78,934
Ending	78,934	78,934
Canada | Accumulated Depletion | Greenstone
Accumulated Depletion
Opening	0	0
Depletion	0	0
Depletion in Ending Inventory	0
Disposals	0
Impairment	0	0
Ending	0	0
Canada | Accumulated Depletion | Horne 5
Accumulated Depletion
Opening	0	0
Depletion	0	0
Depletion in Ending Inventory	0
Disposals	0
Impairment	0	0
Ending	0	0
Türkiye | Hod Maden
Accumulated Depletion
Carrying Amount	206,995	206,969
Türkiye | Cost | Hod Maden
Cost
Opening	206,969	5,818
Net Additions (Disposals)	26	201,151
Ending	206,995	206,969
Türkiye | Accumulated Depletion | Hod Maden
Accumulated Depletion
Opening	0	0
Depletion	0	0
Depletion in Ending Inventory	0
Disposals	0
Impairment	0	0
Ending	0	0
Burkina Faso | Houndé
Accumulated Depletion
Carrying Amount	27,185	29,020
Burkina Faso | Cost | Houndé
Cost
Opening	45,120	45,120
Net Additions (Disposals)	0	0
Ending	45,120	45,120
Burkina Faso | Accumulated Depletion | Houndé
Accumulated Depletion
Opening	16,100	13,941
Depletion	1,835	2,159
Depletion in Ending Inventory	0
Disposals	0
Impairment	0	0
Ending	17,935	16,100
Mongolia | Hugo North Extension and Heruga
Accumulated Depletion
Carrying Amount	35,358	35,352
Mongolia | Cost | Hugo North Extension and Heruga
Cost
Opening	35,352	35,352
Net Additions (Disposals)	6	0
Ending	35,358	35,352
Mongolia | Accumulated Depletion | Hugo North Extension and Heruga
Accumulated Depletion
Opening	0	0
Depletion	0	0
Depletion in Ending Inventory	0
Disposals	0
Impairment	0	0
Ending	0	0
Mexico | Mercedes
Accumulated Depletion
Carrying Amount	51,298	62,665
Mexico | Cost | Mercedes
Cost
Opening	70,809	0
Net Additions (Disposals)	5,089	70,809
Ending	75,898	70,809
Mexico | Accumulated Depletion | Mercedes
Accumulated Depletion
Opening	8,144	0
Depletion	15,787	8,144
Depletion in Ending Inventory	669
Disposals	0
Impairment	0	0
Ending	24,600	8,144
USA | Relief Canyon
Accumulated Depletion
Carrying Amount	18,866	13,796
USA | Cost | Relief Canyon
Cost
Opening	26,448	26,441
Net Additions (Disposals)	11,010	7
Ending	37,458	26,448
USA | Accumulated Depletion | Relief Canyon
Accumulated Depletion
Opening	12,652	7,531
Depletion	4,731	5,121
Depletion in Ending Inventory	1,209
Disposals	0
Impairment	0	0
Ending	$ 18,592	$ 12,652

Stream, Royalty and Other Int_4

Stream, Royalty and Other Interests - Carrying Amount Related to Stream, Royalty and Other Interests Footnotes (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Stream, royalty and other interests	$ 1,560,416	$ 1,781,256
Property, plant and equipment
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Stream, royalty and other interests	1,523,900	1,743,500
Exploration and evaluation assets
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Stream, royalty and other interests	$ 36,500	$ 37,800

Stream, Royalty and Other Int_5

Stream, Royalty and Other Interests - Current Year Transactions, Additional Information (Details) $ in Thousands	1 Months Ended				12 Months Ended		52 Months Ended
	Jan. 31, 2024 USD ($) $ / shares shares	Oct. 31, 2023 USD ($)	Jun. 30, 2023 USD ($) $ / oz	Aug. 31, 2022	Dec. 31, 2023 USD ($) oz	Dec. 31, 2022 USD ($)	Apr. 30, 2028 oz	May 01, 2028	Oct. 31, 2023 $ / shares
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Gain (loss) on disposal of royalties					$ 1,949	$ 25,833
Stream, royalty and other interests					1,560,416	1,781,256
Bear Creek
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Convertible debenture					22,500
Secured loan					14,000
Additional credit available, up to					$ 5,000
Bear Creek | Refinance Of Other Debt Investments
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Term of convertible debenture (in years)	5 years
Convertible interest rate	7%
Price per share (in CAD per share) | $ / shares	73%
Additional credit available, up to	$ 8,000
Corani | Bear Creek | Refinance Of Other Debt Investments | Peru
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Net smelter return (NSR) percentage	1%
Corani | Bear Creek | Refinance Of Other Debt Investments | Peru | Common Shares And Debt Securities
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Additional consideration received upon amendment	$ 10,000
Corani | Bear Creek | Refinance Of Other Debt Investments | Peru | Common Shares
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Additional consideration (in shares) | shares	28,706,687
Corani | Bear Creek | Refinance Of Other Debt Investments | Peru | Convertible debt
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Additional consideration, principal	$ 4,300
Silver Commodity Type | Bear Creek
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Per ounce cash payment, percentage					20%
Right to purchase per quarter (in ounces) | oz					75,000
Silver Commodity Type | Bear Creek | Refinance Of Other Debt Investments
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Percentage of production								100%
Per ounce cash payment, percentage								25%
Gold Commodity Type | Bear Creek
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Per ounce cash payment, percentage					7.50%
Right to purchase per month (in ounces) | oz					600
Gold Commodity Type | Bear Creek | Refinance Of Other Debt Investments
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Percentage of production								4.40%
Per ounce cash payment, percentage								25%
Right to purchase per month (in ounces) | oz							275
Horizon Copper Corp.
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Fair value of debenture			$ 122,700
Ownership interest in associate			34%	34%
Sandbox Royalties Corp. | El Pilar And Blackwater Royalties
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Gain (loss) on disposal of royalties		$ 4,000
Portion received in cash		10,000
Consideration received		25,000
Common shares received		$ 15,000
Price per share (in CAD per share) | $ / shares									$ 0.70
Antamina
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Retained percentage of royalty, after deducting costs of servicing silver stream			0.55%
Antamina | Peru
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Stream, royalty and other interests					$ 184,848	$ 336,551
Antamina | Silver Commodity Type
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Percentage of production					1.66%
Per ounce cash payment, percentage					2.50%
Discount rate			2.80%
Commodity price per ounce | $ / oz			23
Estimated mine life (in years)			29 years
Antamina | Horizon Copper Corp.
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Percentage of net profits			1.66%
Gain (loss) on disposal of royalties			$ (2,000)
Stream, royalty and other interests			86,200
Portion received in cash			20,000
Values of shares received			1,400
Antamina | Horizon Copper Corp. | Silver Commodity Type
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Stream, royalty and other interests			$ 101,400

Stream, Royalty and Other Int_6

Stream, Royalty and Other Interests - Prior Year Transactions, Additional Information (Details) shares in Millions, $ in Millions	1 Months Ended
	Jun. 30, 2023	Oct. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Aug. 31, 2022 USD ($) shares	Jul. 31, 2022 USD ($) shares	Jun. 30, 2022 USD ($) shares	Jun. 30, 2022 USD ($) $ / shares	Apr. 30, 2022 USD ($)	Dec. 31, 2023 USD ($)
Horizon Copper Corp.
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Ownership interest in associate	34%			34%
Horizon Copper Corp. | Convertible Promissory Note
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Maturity period (in years)				10 years
Horizon Copper Corp. | Convertible Promissory Note | Principal Value
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Convertible debenture				$ 95
Horizon Copper Corp. | Fair Value | Convertible Debenture
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Convertible debenture				68.3
Sandbox Royalties
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Consideration received, acquisition-date fair value						$ 65
Number of common shares received (in shares) | shares						34
Price per share (in CAD per share) | $ / shares							$ 0.70
Cash received from sale of portfolio of assets						$ 15
Gain recognized on disposal of royalties						$ 22.7
Sandbox Royalties | Secured Convertible Promissory Note
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Maturity period (in years)						10 years
Sandbox Royalties | Principal Value
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Convertible debenture						$ 31.4	$ 31.4
Bear Creek
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Convertible debenture									$ 22.5
Financing package								$ 60
Bear Creek | Mercedes Convertible Debenture
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Convertible debenture								22.5
Hod Maden
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Cash payment in asset acquisition				$ 10
Ownership interest in associate				30%
Entrée Resources Ltd.
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Ownership interest in associate				25%
Greenstone | Gold Commodity Type
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Remaining up front deposit owed		$ 81.7
Nomad Royalty
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Capitalized costs in asset acquisition				$ 534.2
Cash and cash equivalents, accounts receivable and other assets acquired in asset acquisition				24.3
Accounts payable and accrued liabilities acquired in asset acquisition				9.2
Revolving credit facility acquired in asset acquisition				$ 56.8
Nomad Royalty | Platreef
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Remittance of remaining up front deposit			$ 56.3
Nomad Royalty | Ordinary shares
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Number of shares issued in asset acquisition (in shares) | shares				74.4
Base Core Acquisition | BaseCore
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Capitalized costs in asset acquisition					$ 508.5
Cash payment in asset acquisition					$ 425
Base Core Acquisition | Ordinary shares
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Number of shares issued in asset acquisition (in shares) | shares					13.5
Hod Maden | Horizon Copper Corp.
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Proceeds from acquisition of stream, royalty and other interest				$ 200
Mercedes Gold Stream | Gold Commodity Type
Disclosure Of Reconciliation Of Changes In Property, Plant And Equipment And Exploration And Evaluation Assets [Line Items]
Proceeds from acquisition of stream, royalty and other interest								$ 37.5

Investments in Associates - Sum

Investments in Associates - Summary of Changes in Carrying Amount of Associate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of associates [line items]
Investments in associates accounted for using equity method, beginning balance	$ 27,265	$ 84,589
Acquisition (disposal) of investment in associate		(43,944)
Capital investment	2,279	3,818
Additions	30,183
Company's share of net loss of associate	(2,141)	(3,654)
Currency translation adjustments and other	(27)	(13,544)
Investments in associates accounted for using equity method, ending balance	57,559	27,265
Sandbox Royalties Corp.
Disclosure of associates [line items]
Investments in associates accounted for using equity method, beginning balance	18,278	0
Acquisition (disposal) of investment in associate		18,647
Capital investment	0	0
Additions	30,183
Company's share of net loss of associate	(1,202)	(307)
Currency translation adjustments and other	38	(62)
Investments in associates accounted for using equity method, ending balance	47,297	18,278
Horizon Copper Corp.
Disclosure of associates [line items]
Investments in associates accounted for using equity method, beginning balance	8,987	0
Acquisition (disposal) of investment in associate		10,687
Capital investment	2,279	0
Additions	0
Company's share of net loss of associate	(939)	(2,124)
Currency translation adjustments and other	(65)	424
Investments in associates accounted for using equity method, ending balance	10,262	8,987
Hod Maden Interest
Disclosure of associates [line items]
Investments in associates accounted for using equity method, beginning balance	0	63,313
Acquisition (disposal) of investment in associate		(52,645)
Capital investment	0	3,818
Additions	0
Company's share of net loss of associate	0	(745)
Currency translation adjustments and other	0	(13,741)
Investments in associates accounted for using equity method, ending balance	0	0
Entrée Resources Ltd.
Disclosure of associates [line items]
Investments in associates accounted for using equity method, beginning balance	0	21,276
Acquisition (disposal) of investment in associate		(20,633)
Capital investment	0	0
Additions	0
Company's share of net loss of associate	0	(478)
Currency translation adjustments and other	0	(165)
Investments in associates accounted for using equity method, ending balance	$ 0	$ 0

Investments in Associates - Add

Investments in Associates - Additional Information (Details) - USD ($)	1 Months Ended		12 Months Ended
	Jun. 30, 2023	Aug. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Disclosure of associates [line items]
Currency translation differences reclassified to net income			$ 0	$ 149,473,000
Sandbox Royalties Corp.
Disclosure of associates [line items]
Percentage reported of associate			100%
Sandbox Royalties Corp. | Non Diluted Basis
Disclosure of associates [line items]
Ownership interest in associate			34%
Horizon Copper Corp.
Disclosure of associates [line items]
Ownership interest in associate	34%	34%
Percentage reported of associate			100%
Market value of investments			$ 13,900,000
Horizon Copper Corp. | Non Diluted Basis
Disclosure of associates [line items]
Ownership interest in associate			34%
Horizon Copper Corp. | Horizon Copper Corp Facility Due August 31, 2032
Disclosure of associates [line items]
Face value, maximum			$ 150,000,000
Maximum percentage of equity interest holding			34%
Payments for financial assets			$ 0
Horizon Copper Corp. | Artmin
Disclosure of associates [line items]
Percentage of value of project finder's fee			1%
Horizon Copper Corp. | Bottom of range | Horizon Copper Corp Facility Due August 31, 2032
Disclosure of associates [line items]
Adjustment to interest rate			2%
Horizon Copper Corp. | Top of range | Horizon Copper Corp Facility Due August 31, 2032
Disclosure of associates [line items]
Adjustment to interest rate			3.50%
Hod Maden Interest
Disclosure of associates [line items]
Gains on disposal of associate		$ 24,900,000
Currency translation differences reclassified to net income		$ 149,500,000

Investments in Associates - S_2

Investments in Associates - Summarized Financial Information of Associate, Income Statement (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Disclosure of associates [line items]
Depletion		$ (75,337)	$ (59,780)
Administration expenses	[1]	(14,373)	(13,394)
Net income (loss) for the year		42,709	78,450
Other comprehensive loss		(7,494)	129,019
Total comprehensive income for the year		35,215	207,469
Company's share of comprehensive net loss of associate		(2,141)	(3,654)
Sandbox Royalties Corp.
Disclosure of associates [line items]
Revenue		1,845	355
Depletion		(945)	(267)
Administration expenses		(5,762)	(272)
Other expenses		(293)	(1,341)
Net income (loss) for the year		(5,155)	(1,525)
Other comprehensive loss		248	(308)
Total comprehensive income for the year		(4,907)	(1,833)
Company's share of comprehensive net loss of associate		(1,164)	369
Horizon Copper Corp.
Disclosure of associates [line items]
Revenue		4,054	0
Depletion		(4,536)	0
Administration expenses		(1,456)	(666)
Other expenses		(824)	(5,582)
Net income (loss) for the year		(2,762)	(6,248)
Other comprehensive loss		(192)	1,249
Total comprehensive income for the year		(2,954)	(4,999)
Company's share of comprehensive net loss of associate		$ (1,004)	$ (1,700)
[1] 1. Equity settled share-based compensation (a non-cash item) is included in administration expenses and project evaluation

Investments in Associates - S_3

Investments in Associates - Summarized Financial Information of Associate, Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of associates [line items]
Current Assets	$ 53,778	$ 32,727
Total assets	1,931,426	1,974,777
Total Liabilities	477,445	533,372
Carrying amount of investment in associate	57,559	27,265	$ 84,589
Sandbox Royalties Corp.
Disclosure of associates [line items]
Current Assets	11,349	6,615
Non-current Assets	147,256	71,993
Total assets	158,605	78,608
Current Liabilities	414	86
Non-current Liabilities	44,790	15,975
Total Liabilities	45,204	16,061
Net Assets	113,401	62,547
Company’s share of net assets of associate	38,556	12,600
Adjustments to Sandstorm’s share of net assets	8,741	5,678
Carrying amount of investment in associate	47,297	18,278	0
Horizon Copper Corp.
Disclosure of associates [line items]
Current Assets	20,750	41,360
Non-current Assets	499,495	259,523
Total assets	520,245	300,883
Current Liabilities	10,401	141
Non-current Liabilities	504,465	271,163
Total Liabilities	514,866	271,304
Net Assets	5,379	29,579
Company’s share of net assets of associate	1,829	10,057
Adjustments to Sandstorm’s share of net assets	8,433	(1,070)
Carrying amount of investment in associate	$ 10,262	$ 8,987	$ 0

Investments - Summary of Invest

Investments - Summary of Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of financial assets [line items]
Short-term investments, beginning	$ 3,773
Long-term investments, beginning	126,117
Total investments, beginning	129,890	$ 29,057
Additions	147,905	149,501
Disposals	(26,779)	(41,852)
Transfers	0	0
Fair Value Adjustment in Net Income (Loss)	15,671	1,756
Fair Value Adjustment	7,114	(6,633)
Interest Revenue	744	(183)
Short-term investments, ending	28,400	3,773
Long-term investments, ending	230,474	126,117
Total investments, ending	258,874	129,890
SHORT-TERM INVESTMENTS
Disclosure of financial assets [line items]
Short-term investments, beginning	3,773	5,001
Additions	25,314	0
Disposals	(7,627)	(2,787)
Transfers	6,196	1,272
Fair Value Adjustment	0	0
Interest Revenue	744	287
Short-term investments, ending	28,400	3,773
LONG-TERM INVESTMENTS
Disclosure of financial assets [line items]
Long-term investments, beginning	126,117	24,056
Additions	122,591	149,501
Disposals	(19,152)	(39,065)
Transfers	(6,196)	(1,272)
Fair Value Adjustment	7,114	(6,633)
Interest Revenue	0	(470)
Long-term investments, ending	230,474	126,117
Convertible debt instruments | SHORT-TERM INVESTMENTS
Disclosure of financial assets [line items]
Short-term investments, beginning	1,272	0
Additions	8,875	0
Disposals	(6,573)	0
Transfers	6,196	1,272
Fair Value Adjustment in Net Income (Loss)	0	0
Interest Revenue	0	0
Short-term investments, ending	9,770	1,272
Convertible debt instruments | LONG-TERM INVESTMENTS
Disclosure of financial assets [line items]
Long-term investments, beginning	105,004	904
Additions	114,001	104,972
Disposals	(17,236)	(934)
Transfers	(6,196)	(1,272)
Fair Value Adjustment in Net Income (Loss)	15,591	1,334
Interest Revenue	0	0
Long-term investments, ending	211,164	105,004
Loans receivable | SHORT-TERM INVESTMENTS
Disclosure of financial assets [line items]
Short-term investments, beginning	2,501	5,001
Additions	16,439	0
Disposals	(1,054)	(2,787)
Transfers	0	0
Fair Value Adjustment in Net Income (Loss)	0	0
Interest Revenue	744	287
Short-term investments, ending	18,630	2,501
Loans receivable | LONG-TERM INVESTMENTS
Disclosure of financial assets [line items]
Long-term investments, beginning	0	0
Additions		33,781
Disposals		(33,311)
Transfers		0
Fair Value Adjustment in Net Income (Loss)		0
Interest Revenue		(470)
Long-term investments, ending		0
Common shares | LONG-TERM INVESTMENTS
Disclosure of financial assets [line items]
Long-term investments, beginning	19,025	21,486
Additions	8,590	10,748
Disposals	(1,376)	(4,820)
Transfers	0	0
Fair Value Adjustment In Other Comprehensive Income (Loss)	(8,557)	(8,389)
Interest Revenue	0	0
Long-term investments, ending	17,682	19,025
Warrants and other | LONG-TERM INVESTMENTS
Disclosure of financial assets [line items]
Long-term investments, beginning	2,088	1,666
Additions	0	0
Disposals	(540)	0
Transfers	0	0
Fair Value Adjustment in Net Income (Loss)	80	422
Interest Revenue	0	0
Long-term investments, ending	$ 1,628	$ 2,088

Investments - Additional Inform

Investments - Additional Information (Details) - USD ($) shares in Millions, $ in Millions	1 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2023
Horizon Copper Corp. | Loans to corporate entities
Disclosure of financial assets [line items]
Face value	$ 149.1
Term of debenture (in years)	10 years
Interest rate	3%
Cash sweep percentage of excess cash flow	1.66%
Fair value	$ 122.7
Discount rate	6%
Sandbox Royalties Corp.
Disclosure of financial assets [line items]
Number of shares received (in shares)		33.8
Total value from shares received		$ 17.2

Trade and Other Receivables (De

Trade and Other Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Trade and Other Receivables [Abstract]
Trade receivables	$ 15,154	$ 18,265
Other receivables	911	3,129
Total trade and other receivables	$ 16,065	$ 21,394

Trade Payables and Other - Summ

Trade Payables and Other - Summary of Trade Payables and Other (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Trade and other payables [abstract]
Accounts payable and accrued liabilities	$ 5,741	$ 3,808
Dividends payable	4,537	4,446
Withholding taxes payable	726	1,120
Other payables	5,189	9,667
Total trade payables and other	$ 16,193	$ 19,041

Trade Payables and Other- Summa

Trade Payables and Other- Summary of Trade Payables and Other Footnotes (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Trade And Other Payables [Line Items]
Other payables	$ 5,189	$ 9,667
Horizon Copper Corp.
Disclosure Of Trade And Other Payables [Line Items]
Other payables	$ 1,900	$ 8,300

Deferred Income Tax and Other_3

Deferred Income Tax and Other Liabilities - Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates and Average Effective Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Deferred Income And Other Liabilities [Abstract]
Income before income taxes	$ 46,912	$ 87,769
Canadian federal and provincial income tax rates	27%	27%
Income tax expense based on the above rates	$ 12,666	$ 23,698
Non-deductible expenses and permanent differences	5,149	2,102
Non-taxable portion of capital gain or loss	(1,827)	(3,776)
Withholding taxes	2,821	2,975
Recognition of unrecognized losses on Horizon transaction	0	(11,977)
Change in unrecognized temporary differences and other	(14,606)	(3,703)
Total income tax expense	$ 4,203	$ 9,319

Deferred Income Tax and Other_4

Deferred Income Tax and Other Liabilities - Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total deferred income tax liabilities	$ (9,005)	$ (14,784)	$ (18,294)
Non-capital losses
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total deferred income tax liabilities	50,160	27,664
Investments and other
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total deferred income tax liabilities	957	2,240
Stream, royalty and other interests
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total deferred income tax liabilities	$ (60,122)	$ (44,688)

Deferred Income Tax and Other_5

Deferred Income Tax and Other Liabilities - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Deferred Income And Other Liabilities [Abstract]
Recognized deferred tax assets in respect to tax losses	$ 183.8	$ 102.5
Deductible temporary differences associated with capital losses and other items for which deferred income tax assets have not been recognized	12.9	$ 15.6
Right-of-use asset	22.8
Additions, right-of-use asset	21.4
Lease liabilities	18.5
Lease liability, current	1.3
Additions, lease liability	$ 17.7

Deferred Income Tax and Other_6

Deferred Income Tax and Other Liabilities - Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Deferred Income And Other Liabilities [Abstract]
Balance, beginning of the year	$ (14,784)	$ (18,294)
Changes in deferred tax liability (asset) [abstract]
Recognized in net income (loss) for the year	4,503	(4,058)
Recognized in equity	185	1,634
Recognized in other comprehensive income (loss) for the year	1,091	900
Recognized from new acquisitions in the year	0	5,034
Balance, end of year	$ (9,005)	$ (14,784)

Share Capital and Reserves - Ad

Share Capital and Reserves - Additional Information (Details) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2023 USD ($) shares $ / shares $ / shares	Sep. 30, 2023 $ / shares	Jun. 30, 2023 $ / shares	Mar. 31, 2023 $ / shares	Dec. 31, 2022 shares $ / shares	Sep. 30, 2022 $ / shares	Jun. 30, 2022 $ / shares	Mar. 31, 2022 $ / shares	Dec. 31, 2023 USD ($) shares $ / shares $ / shares	Dec. 31, 2023 USD ($) shares $ / shares	Dec. 31, 2022 shares $ / shares	Apr. 30, 2023 shares	Dec. 31, 2021 shares
Disclosure of classes of share capital [line items]
Authorized shares to be purchased, maximum (in shares) | shares												24,000,000
Common shares purchased and cancelled (in shares) | shares									2,800,000	2,800,000
Aggregate worth of common shares to be issued | $	$ 150								$ 150	$ 150
Declared dividend (in CAD per share) | $ / shares	$ 0.02	$ 0.02	$ 0.02	$ 0.02	$ 0.02	$ 0.02	$ 0.02	$ 0.02
Maximum expiry date from grant date (in years)									5 years	5 years
Maximum percentage of common shares issued at date of grant									8.50%	8.50%
Number of options, granted (in shares) | shares									4,101,417	4,101,417	6,249,148
Weighted average exercise price per share, granted (in CAD per share) | $ / shares									$ 6.53		$ 7.19
Weighted average fair value of options granted | $	$ 5.3								$ 5.3	$ 5.3
Fair value per option (in dollars per share) | $ / shares										$ 1.29
Grant date share price and exercise price (in CAD per share) | $ / shares									$ 6.53
Expected volatility									31%	31%
Risk-free interest rate									3.40%	3.40%
Dividend yield									1.23%	1.23%
Expected life (in years)									4 years	4 years
Weighted average remaining contractual life of options (years)									3 years 18 days	3 years 18 days	2 years 11 months 15 days
Weighted average share price (in CAD per share) | $ / shares									$ 6.71		$ 7.82
Number outstanding (in shares) | shares	17,300,440				16,356,022				17,300,440	17,300,440	16,356,022		11,239,342
Weighted average share price (in CAD per share) | $ / shares									$ 7.10		$ 8.10
CMC
Disclosure of classes of share capital [line items]
Percentage of interest acquired in subsidiary									67.50%	67.50%
Consolidation basis percentage	100%								100%	100%
Warrants
Disclosure of classes of share capital [line items]
Weighted average share price at time of exercise (in CAD per share) | $ / shares											$ 7.40
Number of warrants outstanding (in shares) | shares	242,000				242,000				242,000	242,000	242,000		0
Exercise price (in dollars per share) | $ / shares	$ 8.97								$ 8.97	$ 8.97
Number of shares issued (in shares) | shares											2,661,012
Restricted Share Rights
Disclosure of classes of share capital [line items]
Fair value per option (in dollars per share) | $ / shares										$ 4.88
Maximum shares authorized for issuance (in shares) | shares	4,500,000								4,500,000	4,500,000
Number of shares issued (in shares) | shares									557,750	557,750
Grant date fair value | $	$ 2.7								$ 2.7	$ 2.7
Vesting term (in years)									three year	three year
Number outstanding (in shares) | shares	2,354,911								2,354,911	2,354,911

Share Capital and Reserves - Su

Share Capital and Reserves - Summary of Number of Options and Weighted Average Exercise Price per Share (Details)	12 Months Ended
	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares $ / shares
Disclosure Of Share-Based Payment Arrangements [Abstract]
Number of options outstanding, beginning balance (in shares) | shares	16,356,022	11,239,342
Number of options, granted (in shares) | shares	4,101,417	6,249,148
Number of options, exercised (in shares) | shares	(1,147,066)	(1,130,218)
Number of options, expired (in shares) | shares	(2,009,933)	(2,250)
Number of options outstanding, ending balance (in shares) | shares	17,300,440	16,356,022
Weighted average exercise price per share, beginning balance (in CAD per share) | $ / shares	$ 7.50	$ 7.47
Weighted average exercise price per share, granted (in CAD per share) | $ / shares	6.53	7.19
Weighted average exercise price per share, exercised (in CAD per share) | $ / shares	(5.99)	(5.39)
Weighted average exercise price per share, expired (in CAD per share) | $ / shares	(6.07)	(15)
Weighted average exercise price per share, ending balance (in CAD per share) | $ / shares	$ 7.54	$ 7.50

Share Capital and Reserves - _2

Share Capital and Reserves - Summary of Share Purchase Options and Exercise Price Ranges (Details)	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares	Dec. 31, 2021 shares
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number outstanding (in shares) | shares	17,300,440	16,356,022	11,239,342
Vested (in shares) | shares	9,389,034
Weighted average exercise price per share (in CAD per share) | $ / shares	$ 8.14
1.66 – 12.40
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number outstanding (in shares) | shares	3,188,023
Vested (in shares) | shares	3,188,023
Weighted average exercise price per share (in CAD per share) | $ / shares	$ 8.05
9.43
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number outstanding (in shares) | shares	2,812,000
Vested (in shares) | shares	2,812,000
Weighted average exercise price per share (in CAD per share) | $ / shares	$ 9.43
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price per share (range) (in CAD per share) | $ / shares	$ 9.43
7.18
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number outstanding (in shares) | shares	2,968,000
Vested (in shares) | shares	1,978,671
Weighted average exercise price per share (in CAD per share) | $ / shares	$ 7.18
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price per share (range) (in CAD per share) | $ / shares	$ 7.18
7.12
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number outstanding (in shares) | shares	4,231,000
Vested (in shares) | shares	1,410,340
Weighted average exercise price per share (in CAD per share) | $ / shares	$ 7.12
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price per share (range) (in CAD per share) | $ / shares	$ 7.12
6.53
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number outstanding (in shares) | shares	4,101,417
Vested (in shares) | shares	0
Weighted average exercise price per share (in CAD per share) | $ / shares	$ 0
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price per share (range) (in CAD per share) | $ / shares	6.53
Bottom of range | 1.66 – 12.40
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price per share (range) (in CAD per share) | $ / shares	1.66
Top of range | 1.66 – 12.40
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price per share (range) (in CAD per share) | $ / shares	$ 12.40

Share Capital and Reserves - _3

Share Capital and Reserves - Summary of Warrants (Details) - Warrants - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of warrants outstanding, beginning balance (in shares)	242,000	0
Number of warrants, issued (in shares)		2,661,012
Number of warrants, exercised (in shares)		(484)
Number of warrants, expired (in shares)		(2,418,528)
Number of warrants outstanding, ending balance (in shares)	242,000	242,000
Shares to be issued upon exercise of warrants, beginning balance (in shares)	242,000	0
Shares to be issued upon exercise of warrants, issued (in shares)		2,661,012
Shares to be issued upon exercise of warrants, exercised (in shares)		(484)
Shares to be issued upon exercise of warrants, expired (in shares)		(2,418,528)
Shares to be issued upon exercise of warrants, ending balance (in shares)	242,000	242,000

Share Capital and Reserves - _4

Share Capital and Reserves - Summary of Information of Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Share-Based Payment Arrangements [Abstract]
Net income attributable to Sandstorm’s shareholders for the year	$ 41,716	$ 78,361
Basic weighted average number of shares (in shares)	297,406,309	231,348,386
Basic earnings per share (in dollars per share)	$ 0.14	$ 0.34
Effect of dilutive securities, stock options (in shares)	644,651	1,192,958
Effect of dilutive securities, restricted share rights (in shares)	1,940,197	1,776,836
Diluted weighted average number of common shares (in shares)	299,991,157	234,318,180
Diluted earnings per share (in dollars per share)	$ 0.14	$ 0.33

Share Capital and Reserves - Nu

Share Capital and Reserves - Number of Stock Options and Warrants Excluded from the Computation of Diluted Earnings per Share (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Stock Options
Disclosure of instruments with potential future dilutive effect not included in calculation of diluted earnings per share [line items]
Equity securities excluded from the calculation of diluted earnings per share (in shares)	12,896,931	4,700,144
Warrants
Disclosure of instruments with potential future dilutive effect not included in calculation of diluted earnings per share [line items]
Equity securities excluded from the calculation of diluted earnings per share (in shares)	242,000	2,225,825

Share Capital and Reserves - _5

Share Capital and Reserves - Summarized Financial Information of Subsidiary (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of subsidiaries [line items]
Current Assets	$ 53,778	$ 32,727
Total assets	1,931,426	1,974,777
Total Liabilities	477,445	533,372
Depletion	(75,337)	(59,780)
Income tax expense	(4,203)	(9,319)
Net income (loss) for the year	42,709	78,450
Total comprehensive income for the year	35,215	207,469
Total net income attributable to non-controlling interests	993	89
CMC
Disclosure of subsidiaries [line items]
Current Assets	2,356	1,791
Non-current Assets	62,852	81,022
Total assets	65,208	82,813
Current Liabilities	767	445
Non-current Liabilities	0	0
Total Liabilities	767	445
Net Assets	64,441	82,368
Revenue	12,022	2,615
Depletion	(4,875)	(1,656)
Administration expenses and other	(92)	28
Income tax expense	(4,000)	(714)
Net income (loss) for the year	3,055	273
Total comprehensive income for the year	3,055	273
Total net income attributable to non-controlling interests	993	89
Total comprehensive income attributable to non-controlling interests	$ 993	$ 89

Revolving Facility and Deferr_2

Revolving Facility and Deferred Financing Costs (Details) - Revolving Credit Facility Due September 2027 $ in Millions	1 Months Ended	3 Months Ended
	Sep. 30, 2023	Mar. 31, 2023	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Disclosure of detailed information about borrowings [line items]
Total maximum borrowing capacity			$ 625
Term (in years)	4 years
Maximum leverage ratio		4
Borrowings required interest coverage ratio			3
Borrowings			$ 435
Deferred financing costs, net of accumulated amortization			$ 4.3	$ 3.9
Bottom of range
Disclosure of detailed information about borrowings [line items]
Standby fee percentage			0.422%
Bottom of range | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Basis rate adjustment			1.875%
Top of range
Disclosure of detailed information about borrowings [line items]
Standby fee percentage			0.788%
Top of range | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Basis rate adjustment			3.50%

Administration Expenses (Detail

Administration Expenses (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Analysis of income and expense [abstract]
Corporate administration		$ 4,232	$ 3,732
Employee benefits and salaries		3,878	3,864
Professional fees		2,375	2,552
Administration expenses before share-based compensation		10,485	10,148
Equity settled share-based compensation (a non-cash expense)		3,888	3,246
Total administration expenses	[1]	$ 14,373	$ 13,394
[1] 1. Equity settled share-based compensation (a non-cash item) is included in administration expenses and project evaluation

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Change in non-cash working capital:
Trade receivables and other	$ 1,494	$ (5,498)
Trade payables and other	203	2,608
Net increase (decrease) in cash	1,697	(2,890)
Significant non-cash transactions:
Financial instrument received on disposal of Stream, royalty and other interests	122,745	14,123
Sandbox common shares received in consideration for a convertible debenture payment	17,249	0
Sandbox common shares received on disposal of Stream, royalty and other interests	14,988	18,564
Financial instrument disposed of on disposal of Hod Maden investment in associate	0	(33,311)
Horizon Copper investment in associate received on disposal of Hod Maden investment in associate	0	10,687
BaseCore
Significant non-cash transactions:
Common shares issued on acquisition of Stream, royalty and other interests	0	(75,304)
Nomad
Significant non-cash transactions:
Common shares issued on acquisition of Stream, royalty and other interests	0	(454,089)
Entrée Resources Ltd
Significant non-cash transactions:
Financial instrument received on disposal of investment in associate	0	33,781
Hod Maden Interest
Significant non-cash transactions:
Financial instrument received on disposal of investment in associate	$ 0	$ 68,348

Key Management Compensation (De

Key Management Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Key Management Compensation [Abstract]
Salaries and benefits	$ 1,630	$ 3,000
Share-based payments	5,116	4,124
Total key management compensation expense	$ 6,746	$ 7,124

Commitments and Contingencies -

Commitments and Contingencies - Purchase Commitments (Details)	12 Months Ended
	Dec. 31, 2023 $ / oz oz
Antamina | Silver Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	1.66%
Per Ounce Cash Payment, percentage	2.50%
Black Fox | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	8%
Black Fox | Gold Commodity Type | Lesser Of 589 And Prevailing Market Price
Disclosure Of Commitments And Contingencies [Line Items]
Per Ounce Cash Payment (in dollars per ounce)	589
Blyvoor | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Per Ounce Cash Payment (in dollars per ounce)	572
Blyvoor | Gold Commodity Type | Up To First 16,000 Ounces Of Gold Produced Per Annum
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	10%
Blyvoor | Gold Commodity Type | Lesser Of 572 And Prevailing Market Price
Disclosure Of Commitments And Contingencies [Line Items]
Per Ounce Cash Payment (in dollars per ounce)	572
Bonikro | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Per Ounce Cash Payment (in dollars per ounce)	400
Bonikro | Gold Commodity Type | Up To Delivery Of 39,000 Ounces Of Gold
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	6%
Bonikro | Gold Commodity Type | Lesser Of 400 And Prevailing Market Price
Disclosure Of Commitments And Contingencies [Line Items]
Per Ounce Cash Payment (in dollars per ounce)	400
Cerro Moro | Silver Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	20%
Per Ounce Cash Payment, percentage	30%
CEZinc | Zinc Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	1%
Per Ounce Cash Payment, percentage	20%
Chapada | Copper Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	4.20%
Per Ounce Cash Payment, percentage	30%
Hugo North Extension | Gold And Silver Commodity Type | Below 560 Metres Threshold
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	5.62%
Heruga | Gold And Silver Commodity Type | Below 560 Metres Threshold
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	4.26%
Greenstone | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Per Ounce Cash Payment, percentage	20%
Greenstone | Gold Commodity Type | Up To Delivery of 120,333 Ounces Of Gold
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	2.375%
Hod Maden | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity (in ounces) | oz	405,000
Hod Maden | Gold Commodity Type | Up To Delivery of 405,000 Ounces Of Gold
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	20%
Per Ounce Cash Payment, percentage	50%
Hod Maden | Gold Commodity Type | After Delivery Of 405,000 Ounces Of Gold
Disclosure Of Commitments And Contingencies [Line Items]
Per Ounce Cash Payment, percentage	60%
Karma | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	1.625%
Per Ounce Cash Payment, percentage	20%
Mercedes | Silver Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity (in ounces) | oz	3,750,000
Mercedes | Silver Commodity Type | After Delivery Of 3,750,000 Ounces Of Silver
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	30%
Mercedes | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity (in ounces) | oz	29,400
Mercedes | Gold Commodity Type | After Delivery Of 29,400 Ounces Of Gold
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	4.40%
Mercedes | Gold Commodity Type | 29,400 Ounces Delivered Over 49 Months
Disclosure Of Commitments And Contingencies [Line Items]
Term (in months and years)	49 months
Platreef | Gold Commodity Type | Up To Delivery of 131,250 Ounces Of Gold
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	37.50%
Relief Canyon | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity (in ounces) | oz	39,174
Relief Canyon | Gold Commodity Type | After 39,174 Ounces Over 6.5 Years
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	4%
Relief Canyon | Gold Commodity Type | 39,174 Ounces Delivered Over 6.5 Years
Disclosure Of Commitments And Contingencies [Line Items]
Term (in months and years)	6 years 6 months
Santa Elena | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	20%
Santa Elena | Gold Commodity Type | Lesser Of 478 And Prevailing Market Price
Disclosure Of Commitments And Contingencies [Line Items]
Per Ounce Cash Payment (in dollars per ounce)	478
South Arturo | Silver Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	40%
Per Ounce Cash Payment, percentage	20%
Vatukoula | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity (in ounces) | oz	11,022
Per Ounce Cash Payment, percentage	20%
Vatukoula | Gold Commodity Type | 11,022 Ounces Delivered Over 4.5 Years
Disclosure Of Commitments And Contingencies [Line Items]
Term (in months and years)	4 years 6 months
Vatukoula | Gold Commodity Type | After 11,022 Ounces Over 4.5 Years | Above 100,000 Ounces Produced In Calendar Year
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	1.199%
Vatukoula | Gold Commodity Type | After 11,022 Ounces Over 4.5 Years | Up To First 100,000 Ounces Produced In Calendar Year
Disclosure Of Commitments And Contingencies [Line Items]
% of Life of Mine Gold or Relevant Commodity	1.363%

Commitments and Contingencies_2

Commitments and Contingencies - Purchase Commitments Footnotes (Details) lb in Millions, $ in Millions	Dec. 31, 2023 AUD ($) uS_Dollar_Per_Pound shares $ / oz m oz lb
Blyvoor | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Threshold production initially delivered (in ounces)	300,000
Cumulative production (in ounces)	10,320,000
Per ounce delivered (in dollars per ounce) | $ / oz	572
Blyvoor | Gold Commodity Type | Up To First 100,000 Ounces Produced In Calendar Year
Disclosure Of Commitments And Contingencies [Line Items]
Production limit (in ounces)	100,000
Blyvoor | Gold Commodity Type | Until 300,000 Total Ounces Delivered | Up To First 16,000 Ounces Of Gold Delivered In Calendar Year
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	10%
Delivered quantity (in ounces and pounds)	16,000
Blyvoor | Gold Commodity Type | Until 300,000 Total Ounces Delivered | After 16,000 Ounces Of Gold Delivered In Calendar Year
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	5%
Blyvoor | Gold Commodity Type | After 300,000 Ounces Delivered Until 10,320,000 Ounces Produced | Up To First 100,000 Ounces Produced In Calendar Year
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of commodity received	0.50%
Bonikro | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Per ounce delivered (in dollars per ounce) | $ / oz	400
Bonikro | Gold Commodity Type | Until 39,000 Ounces Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	6%
Delivered quantity (in ounces and pounds)	39,000
Bonikro | Gold Commodity Type | From 39,000 Ounces To 61,750 Ounces Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	3.50%
Delivered quantity (in ounces and pounds)	61,750
Bonikro | Gold Commodity Type | After 61,750 Ounces Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	2%
Cerro Moro | Silver Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	20%
Per ounce cash payment, percentage	30%
Cerro Moro | Silver Commodity Type | Until 7,000,000 Ounces Of Silver Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Delivered quantity (in ounces and pounds)	7,000,000
Cerro Moro | Silver Commodity Type | After 7,000,000 Ounces Of Silver Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	9%
Cerro Moro | Silver Commodity Type | Up To Annual Maximum Of 1,200,000 Ounces | Until 7,000,000 Ounces Of Silver Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	20%
Cerro Moro | Silver Commodity Type | Until 7,000,000 Ounces Of Silver Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Annual maximum (in ounces and pounds)	1,200,000
CEZinc | Zinc Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	1%
Maximum delivery (in pounds) | lb	68
Per ounce cash payment, percentage	20%
Chapada | Copper Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	4.20%
Per ounce cash payment, percentage	30%
Chapada | Copper Commodity Type | Up To Delivery Of 39 Million Pounds
Disclosure Of Commitments And Contingencies [Line Items]
Delivered quantity (in ounces and pounds) | lb	39
Chapada | Copper Commodity Type | Above 39 Million Pounds And Less Than 50 Million Pounds Threshold
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	3%
Delivered quantity (in ounces and pounds) | lb	50
Chapada | Copper Commodity Type | Above 50 Million Pounds Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	1.50%
Chapada | Copper Commodity Type | Up To Annual Maximum of 3,900,000 Pounds | Up To Delivery Of 39 Million Pounds
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	4.20%
Chapada | Copper Commodity Type | Up To Delivery Of 39 Million Pounds
Disclosure Of Commitments And Contingencies [Line Items]
Annual maximum (in ounces and pounds) | lb	3.9
Hugo North Extension and Heruga | Gold And Silver Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Depth of production (in metres) | m	560
Hugo North Extension and Heruga | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Quantity produced (in ounces)	8,600,000
Hugo North Extension and Heruga | Gold Commodity Type | Until 8.6 Million Ounces Produced | Bottom of range | Lesser Of 220 And Prevailing Market Price
Disclosure Of Commitments And Contingencies [Line Items]
Per ounce delivered (in dollars per ounce) | $ / oz	220
Hugo North Extension and Heruga | Gold Commodity Type | After 8.6 Million Ounces Produced | Top of range | Lesser Of 500 And Prevailing Market Price
Disclosure Of Commitments And Contingencies [Line Items]
Per ounce delivered (in dollars per ounce) | $ / oz	500
Hugo North Extension and Heruga | Silver Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Quantity produced (in ounces)	40,300,000
Hugo North Extension and Heruga | Silver Commodity Type | Until 40.3 Million Ounces Produced From Property | Lesser Of 5 And Prevailing Market Price
Disclosure Of Commitments And Contingencies [Line Items]
Per ounce delivered (in dollars per ounce) | $ / oz	5
Hugo North Extension and Heruga | Silver Commodity Type | After 40.3 Million Ounces Produced | Lesser Of 10 And Prevailing Market Price
Disclosure Of Commitments And Contingencies [Line Items]
Per ounce delivered (in dollars per ounce) | $ / oz	10
Hugo North Extension and Heruga | Copper Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Depth of production (in metres) | m	560
Weight change (in pounds) | lb	9,100
Hugo North Extension and Heruga | Copper Commodity Type | Above 560 Metres Threshold
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	0.62%
Hugo North Extension and Heruga | Copper Commodity Type | Below 560 Metres Threshold
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	0.42%
Hugo North Extension and Heruga | Copper Commodity Type | Before 9.1 Billion Pounds Produced | Lesser Of .50 And Prevailing Market Price
Disclosure Of Commitments And Contingencies [Line Items]
Per pound purchase price (in dollars per pound) | uS_Dollar_Per_Pound	0.50
Hugo North Extension and Heruga | Copper Commodity Type | After 9.1 Billion Pounds Produced | Lesser Of 1.10 And Prevailing Market Price
Disclosure Of Commitments And Contingencies [Line Items]
Per pound purchase price (in dollars per pound) | uS_Dollar_Per_Pound	1.10
Hugo North Extension | Gold And Silver Commodity Type | Above 560 Metres Threshold
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	8.43%
Hugo North Extension | Gold And Silver Commodity Type | Below 560 Metres Threshold
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	5.62%
Hugo North Extension | Gold And Silver Commodity Type | Below 560 Metres Threshold
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	5.62%
Heruga | Gold And Silver Commodity Type | Above 560 Metres Threshold
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	6.39%
Heruga | Gold And Silver Commodity Type | Below 560 Metres Threshold
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	4.26%
Heruga | Gold And Silver Commodity Type | Below 560 Metres Threshold
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	4.26%
Greenstone | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Per ounce cash payment, percentage	20%
Per ounce to fund mine-level environment and social programs (in dollars per ounce) | $ / oz	30
Greenstone | Gold Commodity Type | Until 120,333 Ounces Of Gold Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	2.375%
Basis	100%
Greenstone | Gold Commodity Type | After 120,333 Ounces of Gold Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Delivered quantity (in ounces and pounds)	120,333
Greenstone | Gold Commodity Type | After 120,333 Ounces Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	1.583%
Hod Maden | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Delivered quantity (in ounces and pounds)	405,000
Hod Maden | Gold Commodity Type | Until 405,000 Ounces Gold Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	20%
Basis	100%
Per ounce cash payment, percentage	50%
Hod Maden | Gold Commodity Type | After 405,000 Ounces Of Gold Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	12%
Delivered quantity (in ounces and pounds)	405,000
Per ounce cash payment, percentage	60%
Mercedes | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Delivered quantity (in ounces and pounds)	29,400
Mercedes | Gold Commodity Type | Until 25,200 Ounces Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Per ounce cash payment, percentage	7.50%
Mercedes | Gold Commodity Type | After 25,200 Ounces Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	4.40%
Delivered quantity (in ounces and pounds)	25,200
Per ounce cash payment, percentage	25%
Mercedes | Silver Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Delivered quantity (in ounces and pounds)	3,750,000
Mercedes | Silver Commodity Type | Until 3,750,000 Ounces Of Silver Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	100%
Delivered quantity (in ounces and pounds)	3,750,000
Per ounce cash payment, percentage	20%
Minimum annual delivery requirement	300,000
Mercedes | Silver Commodity Type | After 3,750,000 Ounces Of Silver Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	30%
Delivered quantity (in ounces and pounds)	3,750,000
Per ounce cash payment, percentage	20%
Platreef | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Fixed payability factor	80%
Platreef | Gold Commodity Type | Until 131,250 Gold Ounces Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	37.50%
Delivered quantity (in ounces and pounds)	131,250
Platreef | Gold Commodity Type | After 131,250 Ounces Delivered Until Aggregate 256,980 Gold Ounces Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	30%
Platreef | Gold Commodity Type | Until Aggregate 256,980 Gold Ounces Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Delivered quantity (in ounces and pounds)	256,980
Platreef | Gold Commodity Type | After 256,980 Gold Ounces Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	1.875%
Delivered quantity (in ounces and pounds)	256,980
Platreef | Gold Commodity Type | Lesser of 100 Per Ounce And Prevailing Market Price | Until Aggregate 256,980 Gold Ounces Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Per ounce delivered (in dollars per ounce) | shares	100
Platreef | Gold Commodity Type | After 256,980 Gold Ounces Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Per ounce cash payment, percentage	80%
Relief Canyon | Gold And Silver Commodity Type | After 32,022 Ounces Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	4%
Relief Canyon | Gold And Silver Commodity Type | After 32,022 Ounces Delivered | Bottom of range
Disclosure Of Commitments And Contingencies [Line Items]
Per ounce cash payment, percentage	30%
Relief Canyon | Gold And Silver Commodity Type | After 32,022 Ounces Delivered | Top of range
Disclosure Of Commitments And Contingencies [Line Items]
Per ounce cash payment, percentage	65%
Relief Canyon | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Delivered quantity (in ounces and pounds)	39,174
Relief Canyon | Gold Commodity Type | During Fixed Delivery Period
Disclosure Of Commitments And Contingencies [Line Items]
Per ounce delivered (in dollars per ounce) | $ / oz	0
Relief Canyon | Gold Commodity Type | After 32,022 Ounces Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Delivered quantity (in ounces and pounds)	32,022
Vatukoula | Gold Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Delivered quantity (in ounces and pounds)	11,022
Quantity produced (in ounces)	100,000
Per ounce cash payment, percentage	20%
Vatukoula | Gold Commodity Type | During Fixed Delivery Period
Disclosure Of Commitments And Contingencies [Line Items]
Delivered quantity (in ounces and pounds)	11,022
Vatukoula | Gold Commodity Type | Up To 11,022 Ounces Delivered
Disclosure Of Commitments And Contingencies [Line Items]
Per ounce cash payment, percentage	20%
Vatukoula | Gold Commodity Type | After 11,022 Total Ounces Delivered | Up To First 100,000 Ounces Produced In Calendar Year
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	1.363%
Vatukoula | Gold Commodity Type | After 11,022 Total Ounces Delivered | Above 100,000 Ounces Produced In Calendar Year
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	1.199%
Woodlawn | Silver Commodity Type
Disclosure Of Commitments And Contingencies [Line Items]
Percentage of production	80%
Maximum delivery threshold | $	$ 27
Payment for each 1Mt of ore processed | $	1
Cumulative cap | $	$ 10

Commitments and Contingencies_3

Commitments and Contingencies - Contractual Obligations Related to Bank Debt, Interest and Leases on an Undiscounted Basis (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Disclosure Of Commitments And Contingencies [Line Items]
Leases	$ 26,423
Total contractual obligations	566,031
Less than one year
Disclosure Of Commitments And Contingencies [Line Items]
Leases	2,482
Total contractual obligations	35,341
1–3 years
Disclosure Of Commitments And Contingencies [Line Items]
Leases	5,261
Total contractual obligations	58,738
4–5 years
Disclosure Of Commitments And Contingencies [Line Items]
Leases	4,316
Total contractual obligations	457,588
More than 5 years
Disclosure Of Commitments And Contingencies [Line Items]
Leases	14,364
Total contractual obligations	14,364
Revolving Credit Facility Due September 2027
Disclosure Of Commitments And Contingencies [Line Items]
Bank debt	435,000
Interest	104,608
Revolving Credit Facility Due September 2027 | Less than one year
Disclosure Of Commitments And Contingencies [Line Items]
Bank debt	0
Interest	32,859
Revolving Credit Facility Due September 2027 | 1–3 years
Disclosure Of Commitments And Contingencies [Line Items]
Bank debt	0
Interest	53,477
Revolving Credit Facility Due September 2027 | 4–5 years
Disclosure Of Commitments And Contingencies [Line Items]
Bank debt	435,000
Interest	18,272
Revolving Credit Facility Due September 2027 | More than 5 years
Disclosure Of Commitments And Contingencies [Line Items]
Bank debt	0
Interest	$ 0

Commitments and Contingencies_4

Commitments and Contingencies - Contractual Obligations Related to Bank Debt and Interes Footnotes (Details) $ in Millions	Dec. 31, 2023 USD ($)
Revolving Credit Facility Due September 2027
Disclosure Of Commitments And Contingencies [Line Items]
Borrowings	$ 435
Revolving Credit Facility Due September 2027 | Bottom of range | Secured Overnight Financing Rate Data
Disclosure Of Commitments And Contingencies [Line Items]
Basis rate adjustment	1.875%
Revolving Credit Facility Due September 2027 | Top of range | Secured Overnight Financing Rate Data
Disclosure Of Commitments And Contingencies [Line Items]
Basis rate adjustment	3.50%
Undrawn Revolving Facility | Bottom of range
Disclosure Of Commitments And Contingencies [Line Items]
Standby fee percentage	0.4219%
Undrawn Revolving Facility | Top of range
Disclosure Of Commitments And Contingencies [Line Items]
Standby fee percentage	0.7875%

Commitments and Contingencies_5

Commitments and Contingencies - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Colossus Minerals Inc
Disclosure Of Commitments And Contingencies [Line Items]
Estimate of severance claims that remain outstanding	$ 8
Office Space
Disclosure Of Commitments And Contingencies [Line Items]
Term of lease (in years)	15 years
Minimum lease payments for leases not yet commenced	$ 25

Segmented Information - Summary

Segmented Information - Summary of Company's Reportable Operating Segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of operating segments [line items]
Total revenue	$ 179,636	$ 148,732
Cost of sales excluding depletion	21,677	23,366
Depletion	75,337	59,780
Stream, royalty and other interests impairments	1,627	1,086
Contractual income from Stream, royalty and other interests	(11,810)	0
Loss (gain) on disposal of Stream, royalty and other interests	(1,949)	(25,833)
Income (loss) before taxes	46,912	87,769
Cash flows from operating activities	152,754	106,916
Total assets	1,931,426	1,974,777
Cash and cash equivalents	5,003	7,029	$ 16,166
Investments	258,874	129,890	$ 29,057
Sales
Disclosure of operating segments [line items]
Total revenue	106,584	97,815
Royalty revenue
Disclosure of operating segments [line items]
Total revenue	73,052	50,917
Antamina | Silver | Royalty revenue
Disclosure of operating segments [line items]
Total revenue		200
Mercedes | Silver
Disclosure of operating segments [line items]
Total revenue	3,000	2,500
Mercedes | Gold
Disclosure of operating segments [line items]
Total revenue	21,800	12,400
Other
Disclosure of operating segments [line items]
Contractual income from Stream, royalty and other interests	(10,000)
Other | Gold
Disclosure of operating segments [line items]
Total revenue	22,200	22,200
Other | Mexico
Disclosure of operating segments [line items]
Total revenue	3,600	4,800
Other | Other
Disclosure of operating segments [line items]
Total revenue	9,200	9,000
Operating segments
Disclosure of operating segments [line items]
Cost of sales excluding depletion	21,677	23,366
Depletion	75,337	59,780
Stream, royalty and other interests impairments	1,627	1,086
Contractual income from Stream, royalty and other interests	(11,810)
Loss (gain) on disposal of Stream, royalty and other interests	(1,949)	(25,833)
Income (loss) before taxes	94,754	90,333
Cash flows from operating activities	161,443	119,379
Total assets	1,579,503	1,799,741
Operating segments | Sales
Disclosure of operating segments [line items]
Total revenue	106,584	97,815
Operating segments | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	73,052	50,917
Operating segments | Antamina
Disclosure of operating segments [line items]
Total assets	185,748	339,751
Operating segments | Antamina | Peru | Copper And Other Commodity Type
Disclosure of operating segments [line items]
Cost of sales excluding depletion		0
Depletion		5,676
Stream, royalty and other interests impairments		0
Loss (gain) on disposal of Stream, royalty and other interests		0
Income (loss) before taxes		(1,407)
Cash flows from operating activities		1,069
Operating segments | Antamina | Peru | Copper And Other Commodity Type | Sales
Disclosure of operating segments [line items]
Total revenue		0
Operating segments | Antamina | Peru | Copper And Other Commodity Type | Royalty revenue
Disclosure of operating segments [line items]
Total revenue		4,269
Operating segments | Antamina | Peru | Copper, Other
Disclosure of operating segments [line items]
Cost of sales excluding depletion	0
Depletion	7,215
Stream, royalty and other interests impairments	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	2,039
Income (loss) before taxes	2,786
Cash flows from operating activities	11,455
Operating segments | Antamina | Peru | Copper, Other | Sales
Disclosure of operating segments [line items]
Total revenue	0
Operating segments | Antamina | Peru | Copper, Other | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	12,040
Operating segments | Antamina | Peru | Silver
Disclosure of operating segments [line items]
Cost of sales excluding depletion	55
Depletion	1,361
Stream, royalty and other interests impairments	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0
Income (loss) before taxes	1,353
Cash flows from operating activities	2,714
Operating segments | Antamina | Peru | Silver | Sales
Disclosure of operating segments [line items]
Total revenue	2,222
Operating segments | Antamina | Peru | Silver | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	547
Operating segments | Aurizona
Disclosure of operating segments [line items]
Total assets	10,053	9,745
Operating segments | Aurizona | Brazil | Gold Commodity Type
Disclosure of operating segments [line items]
Cost of sales excluding depletion	0	0
Depletion	492	379
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	9,333	6,546
Cash flows from operating activities	9,025	7,925
Operating segments | Aurizona | Brazil | Gold Commodity Type | Sales
Disclosure of operating segments [line items]
Total revenue	0	0
Operating segments | Aurizona | Brazil | Gold Commodity Type | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	9,825	6,925
Operating segments | Blyvoor
Disclosure of operating segments [line items]
Total assets	104,380	105,545
Operating segments | Blyvoor | South Africa | Gold Commodity Type
Disclosure of operating segments [line items]
Cost of sales excluding depletion	1,313	1,199
Depletion	1,225	787
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	1,893	603
Cash flows from operating activities	2,994	2,083
Operating segments | Blyvoor | South Africa | Gold Commodity Type | Sales
Disclosure of operating segments [line items]
Total revenue	4,431	2,589
Operating segments | Blyvoor | South Africa | Gold Commodity Type | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	0	0
Operating segments | Bonikro
Disclosure of operating segments [line items]
Total assets	30,035	35,306
Operating segments | Bonikro | Cote d'Ivoire | Gold Commodity Type
Disclosure of operating segments [line items]
Cost of sales excluding depletion	1,919	2,422
Depletion	4,956	3,106
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	2,348	(285)
Cash flows from operating activities	7,619	3,742
Operating segments | Bonikro | Cote d'Ivoire | Gold Commodity Type | Sales
Disclosure of operating segments [line items]
Total revenue	9,223	5,243
Operating segments | Bonikro | Cote d'Ivoire | Gold Commodity Type | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	0	0
Operating segments | Caserones
Disclosure of operating segments [line items]
Total assets	77,540	82,800
Operating segments | Caserones | Chile | Copper Commodity Type
Disclosure of operating segments [line items]
Cost of sales excluding depletion	0	0
Depletion	5,832	1,656
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	6,190	959
Cash flows from operating activities	8,365	2,747
Operating segments | Caserones | Chile | Copper Commodity Type | Sales
Disclosure of operating segments [line items]
Total revenue	0	0
Operating segments | Caserones | Chile | Copper Commodity Type | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	12,022	2,615
Operating segments | Cerro Moro
Disclosure of operating segments [line items]
Total assets	15,217	25,969
Operating segments | Cerro Moro | Argentina | Silver Commodity Type
Disclosure of operating segments [line items]
Cost of sales excluding depletion	7,853	8,323
Depletion	10,753	11,994
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	7,591	7,487
Cash flows from operating activities	18,345	19,480
Operating segments | Cerro Moro | Argentina | Silver Commodity Type | Sales
Disclosure of operating segments [line items]
Total revenue	26,197	27,804
Operating segments | Cerro Moro | Argentina | Silver Commodity Type | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	0	0
Operating segments | Chapada
Disclosure of operating segments [line items]
Total assets	43,895	46,656
Operating segments | Chapada | Brazil | Copper Commodity Type
Disclosure of operating segments [line items]
Cost of sales excluding depletion	4,074	4,828
Depletion	2,761	3,060
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	6,634	8,128
Cash flows from operating activities	9,395	11,188
Operating segments | Chapada | Brazil | Copper Commodity Type | Sales
Disclosure of operating segments [line items]
Total revenue	13,469	16,016
Operating segments | Chapada | Brazil | Copper Commodity Type | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	0	0
Operating segments | Fruta del Norte
Disclosure of operating segments [line items]
Total assets	26,761	28,658
Operating segments | Fruta del Norte | Ecuador | Gold Commodity Type
Disclosure of operating segments [line items]
Cost of sales excluding depletion	0	0
Depletion	2,098	2,416
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	5,624	4,130
Cash flows from operating activities	5,434	4,757
Operating segments | Fruta del Norte | Ecuador | Gold Commodity Type | Sales
Disclosure of operating segments [line items]
Total revenue	0	0
Operating segments | Fruta del Norte | Ecuador | Gold Commodity Type | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	7,722	6,546
Operating segments | Greenstone
Disclosure of operating segments [line items]
Total assets	107,234	107,234
Operating segments | Horne 5
Disclosure of operating segments [line items]
Total assets	78,934	78,934
Operating segments | Hod Maden
Disclosure of operating segments [line items]
Total assets	206,996	206,969
Operating segments | Houndé
Disclosure of operating segments [line items]
Total assets	28,341	30,037
Operating segments | Houndé | Burkina Faso | Gold Commodity Type
Disclosure of operating segments [line items]
Cost of sales excluding depletion	0	0
Depletion	1,835	2,159
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	3,896	3,656
Cash flows from operating activities	4,474	3,547
Operating segments | Houndé | Burkina Faso | Gold Commodity Type | Sales
Disclosure of operating segments [line items]
Total revenue	0	0
Operating segments | Houndé | Burkina Faso | Gold Commodity Type | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	5,731	5,815
Operating segments | Hugo North Extension and Heruga
Disclosure of operating segments [line items]
Total assets	35,358	35,352
Operating segments | Mercedes
Disclosure of operating segments [line items]
Total assets	52,132	64,945
Operating segments | Mercedes | Mexico | Gold And Silver Commodity Type
Disclosure of operating segments [line items]
Cost of sales excluding depletion	2,258	2,001
Depletion	15,787	8,144
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	6,712	4,789
Cash flows from operating activities	24,511	11,669
Operating segments | Mercedes | Mexico | Gold And Silver Commodity Type | Sales
Disclosure of operating segments [line items]
Total revenue	24,757	14,934
Operating segments | Mercedes | Mexico | Gold And Silver Commodity Type | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	0	0
Operating segments | Platreef
Disclosure of operating segments [line items]
Total assets	187,000	186,640
Operating segments | Relief Canyon
Disclosure of operating segments [line items]
Total assets	20,074	13,796
Operating segments | Relief Canyon | USA | Gold Commodity Type
Disclosure of operating segments [line items]
Cost of sales excluding depletion	0	0
Depletion	4,731	5,121
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	4,665	5,770
Cash flows from operating activities	9,395	10,891
Operating segments | Relief Canyon | USA | Gold Commodity Type | Sales
Disclosure of operating segments [line items]
Total revenue	9,396	10,891
Operating segments | Relief Canyon | USA | Gold Commodity Type | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	0	0
Operating segments | Vale Royalties
Disclosure of operating segments [line items]
Total assets	114,529	116,856
Operating segments | Vale Royalties | Brazil | Ire Ore Commodity Type
Disclosure of operating segments [line items]
Cost of sales excluding depletion	0	0
Depletion	2,426	2,537
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	3,562	5,276
Cash flows from operating activities	5,005	7,618
Operating segments | Vale Royalties | Brazil | Ire Ore Commodity Type | Sales
Disclosure of operating segments [line items]
Total revenue	0	0
Operating segments | Vale Royalties | Brazil | Ire Ore Commodity Type | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	5,988	7,813
Operating segments | Other
Disclosure of operating segments [line items]
Total assets	255,276	284,548
Operating segments | Other | Other | Copper, Other
Disclosure of operating segments [line items]
Cost of sales excluding depletion	1,151	798
Depletion	7,075	5,046
Stream, royalty and other interests impairments	687	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	(3,988)	(23,437)
Income (loss) before taxes	8,939	32,646
Cash flows from operating activities	12,644	14,734
Operating segments | Other | Other | Copper, Other | Sales
Disclosure of operating segments [line items]
Total revenue	5,477	3,754
Operating segments | Other | Other | Copper, Other | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	8,387	11,299
Operating segments | Other | Other | Gold
Disclosure of operating segments [line items]
Cost of sales excluding depletion	3,054	3,795
Depletion	6,790	7,699
Stream, royalty and other interests impairments	940	1,086
Contractual income from Stream, royalty and other interests	(11,810)
Loss (gain) on disposal of Stream, royalty and other interests	0	(2,396)
Income (loss) before taxes	23,228	12,035
Cash flows from operating activities	30,068	17,929
Operating segments | Other | Other | Gold | Sales
Disclosure of operating segments [line items]
Total revenue	11,412	16,584
Operating segments | Other | Other | Gold | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	10,790	5,635
Material reconciling items
Disclosure of operating segments [line items]
Cost of sales excluding depletion	0	0
Depletion	0	0
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	(47,842)	(2,564)
Cash flows from operating activities	(8,689)	(12,463)
Total assets	351,923	175,036
Cash and cash equivalents	5,003	7,029
Investments	258,874	129,890
Other assets	88,046	38,117
Material reconciling items | Sales
Disclosure of operating segments [line items]
Total revenue	0	0
Material reconciling items | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	0	0
Material reconciling items | Administration and Project evaluation expenses
Disclosure of operating segments [line items]
Cost of sales excluding depletion	0	0
Depletion	0	0
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	(21,526)	(20,828)
Cash flows from operating activities	(13,321)	(14,269)
Material reconciling items | Administration and Project evaluation expenses | Sales
Disclosure of operating segments [line items]
Total revenue	0	0
Material reconciling items | Administration and Project evaluation expenses | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	0	0
Material reconciling items | Gain on revaluation of investments
Disclosure of operating segments [line items]
Cost of sales excluding depletion	0	0
Depletion	0	0
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	15,671	1,756
Cash flows from operating activities	0	0
Material reconciling items | Gain on revaluation of investments | Sales
Disclosure of operating segments [line items]
Total revenue	0	0
Material reconciling items | Gain on revaluation of investments | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	0	0
Material reconciling items | Finance expense
Disclosure of operating segments [line items]
Cost of sales excluding depletion	0	0
Depletion	0	0
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	(39,515)	(17,286)
Cash flows from operating activities	(115)	(122)
Material reconciling items | Finance expense | Sales
Disclosure of operating segments [line items]
Total revenue	0	0
Material reconciling items | Finance expense | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	0	0
Material reconciling items | Gain on disposal of investment in associates
Disclosure of operating segments [line items]
Cost of sales excluding depletion		0
Depletion		0
Stream, royalty and other interests impairments		0
Loss (gain) on disposal of Stream, royalty and other interests		0
Income (loss) before taxes		37,396
Cash flows from operating activities		0
Material reconciling items | Gain on disposal of investment in associates | Sales
Disclosure of operating segments [line items]
Total revenue		0
Material reconciling items | Gain on disposal of investment in associates | Royalty revenue
Disclosure of operating segments [line items]
Total revenue		0
Material reconciling items | Share of net income (loss) of associates
Disclosure of operating segments [line items]
Cost of sales excluding depletion	0	0
Depletion	0	0
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	(2,141)	(3,654)
Cash flows from operating activities	0	0
Material reconciling items | Share of net income (loss) of associates | Sales
Disclosure of operating segments [line items]
Total revenue	0	0
Material reconciling items | Share of net income (loss) of associates | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	0	0
Material reconciling items | Other
Disclosure of operating segments [line items]
Cost of sales excluding depletion	0	0
Depletion	0	0
Stream, royalty and other interests impairments	0	0
Contractual income from Stream, royalty and other interests	0
Loss (gain) on disposal of Stream, royalty and other interests	0	0
Income (loss) before taxes	(331)	52
Cash flows from operating activities	4,747	1,928
Material reconciling items | Other | Sales
Disclosure of operating segments [line items]
Total revenue	0	0
Material reconciling items | Other | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	$ 0	$ 0

Segmented Information - Summa_2

Segmented Information - Summary of Company's Reportable Operating Segments Footnotes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of operating segments [line items]
Total revenue	$ 179,636	$ 148,732
Contractual income from stream, royalty and other interests	11,810	0
Royalty revenue
Disclosure of operating segments [line items]
Total revenue	73,052	50,917
Other
Disclosure of operating segments [line items]
Contractual income from stream, royalty and other interests	10,000
Other | Canada
Disclosure of operating segments [line items]
Total revenue	23,300	23,500
Other | Mexico
Disclosure of operating segments [line items]
Total revenue	3,600	4,800
Other | Other
Disclosure of operating segments [line items]
Total revenue	$ 9,200	$ 9,000
Other | Top of range
Disclosure of operating segments [line items]
Percentage of sales, gross margin or aggregate asset book value	10%	10%
Copper | Antamina | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	$ 9,100	$ 2,900
Copper | Other
Disclosure of operating segments [line items]
Total revenue	4,700	1,300
Other Base Metal Product | Antamina | Royalty revenue
Disclosure of operating segments [line items]
Total revenue	2,900	1,200
Other Base Metal Product | Other
Disclosure of operating segments [line items]
Total revenue	5,900	5,600
Gold | Mercedes
Disclosure of operating segments [line items]
Total revenue	21,800	12,400
Gold | Other
Disclosure of operating segments [line items]
Total revenue	22,200	22,200
Silver | Antamina | Royalty revenue
Disclosure of operating segments [line items]
Total revenue		200
Silver | Mercedes
Disclosure of operating segments [line items]
Total revenue	3,000	2,500
Diamonds | Other
Disclosure of operating segments [line items]
Total revenue	$ 3,300	$ 8,200

Segmented Information - Non-cur

Segmented Information - Non-current Assets by Geographical Region (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of operating segments [line items]
Noncurrent assets	$ 1,589,615	$ 1,788,668
Canada
Disclosure of operating segments [line items]
Noncurrent assets	304,169	296,794
Mexico
Disclosure of operating segments [line items]
Noncurrent assets	54,344	79,852
USA
Disclosure of operating segments [line items]
Noncurrent assets	75,836	68,496
Peru
Disclosure of operating segments [line items]
Noncurrent assets	186,339	338,042
Brazil
Disclosure of operating segments [line items]
Noncurrent assets	180,380	186,740
Chile
Disclosure of operating segments [line items]
Noncurrent assets	77,650	83,482
Argentina
Disclosure of operating segments [line items]
Noncurrent assets	47,750	58,493
Ecuador
Disclosure of operating segments [line items]
Noncurrent assets	25,161	27,259
French Guiana
Disclosure of operating segments [line items]
Noncurrent assets	5,160	5,160
South Africa
Disclosure of operating segments [line items]
Noncurrent assets	293,562	294,707
Burkina Faso
Disclosure of operating segments [line items]
Noncurrent assets	34,135	35,927
Cote d'Ivoire
Disclosure of operating segments [line items]
Noncurrent assets	28,869	34,667
Türkiye
Disclosure of operating segments [line items]
Noncurrent assets	210,162	210,888
Mongolia
Disclosure of operating segments [line items]
Noncurrent assets	36,001	35,995
Australia
Disclosure of operating segments [line items]
Noncurrent assets	16,177	16,982
Fiji
Disclosure of operating segments [line items]
Noncurrent assets	13,622	14,886
Other
Disclosure of operating segments [line items]
Noncurrent assets	$ 298	$ 298