<SEC-DOCUMENT>0000905148-24-002857.txt : 20241028
<SEC-HEADER>0000905148-24-002857.hdr.sgml : 20241028
<ACCEPTANCE-DATETIME>20241028210131
ACCESSION NUMBER:		0000905148-24-002857
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20241028
DATE AS OF CHANGE:		20241028

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SANDSTORM GOLD LTD
		CENTRAL INDEX KEY:			0001434614
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-35617
		FILM NUMBER:		241402392

	BUSINESS ADDRESS:	
		STREET 1:		733 SEYMOUR STREET
		STREET 2:		SUITE 3200
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6B 0S6
		BUSINESS PHONE:		604-689-0234

	MAIL ADDRESS:	
		STREET 1:		733 SEYMOUR STREET
		STREET 2:		SUITE 3200
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6B 0S6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SANDSTORM RESOURCES LTD
		DATE OF NAME CHANGE:	20080507

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Orion Mine Finance Fund II LP
		CENTRAL INDEX KEY:			0002041649
		ORGANIZATION NAME:           	
		IRS NUMBER:				981286167
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		144

	BUSINESS ADDRESS:	
		STREET 1:		1045 AVENUE OF THE AMERICAS
		STREET 2:		FLOOR 25
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018
		BUSINESS PHONE:		(212) 596-3511

	MAIL ADDRESS:	
		STREET 1:		1045 AVENUE OF THE AMERICAS
		STREET 2:		FLOOR 25
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>144</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0002041649</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<issuerInfo>
<issuerCik>0001434614</issuerCik>
<issuerName>SANDSTORM GOLD LTD</issuerName>
<secFileNumber>001-35617</secFileNumber>
<issuerAddress>
<com:street1>733 Seymour Street</com:street1>
<com:street2>Suite 3200</com:street2>
<com:city>Vancouver</com:city>
<com:stateOrCountry>A1</com:stateOrCountry>
<com:zipCode>V6B 0S6</com:zipCode>
</issuerAddress>
<issuerContactPhone>(604) 689-0234</issuerContactPhone>
<nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Orion Mine Finance Fund II LP</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
<relationshipsToIssuer>
<relationshipToIssuer>Stockholder (1)</relationshipToIssuer>
</relationshipsToIssuer>
</issuerInfo>
<securitiesInformation>
<securitiesClassTitle>Common Shares (2)</securitiesClassTitle>
<brokerOrMarketmakerDetails>
<name>Scotia Capital Inc.</name>
<address>
<com:street1>Scotia Plaza</com:street1>
<com:street2>40 King Street West</com:street2>
<com:city>Toronto</com:city>
<com:stateOrCountry>A6</com:stateOrCountry>
<com:zipCode>M5H 1H1</com:zipCode>
</address>
</brokerOrMarketmakerDetails>
<noOfUnitsSold>3223809</noOfUnitsSold>
<aggregateMarketValue>27595805.04</aggregateMarketValue>
<noOfUnitsOutstanding>297387780</noOfUnitsOutstanding>
<approxSaleDate>10/28/2024</approxSaleDate>
<securitiesExchangeName>NYSE</securitiesExchangeName>
</securitiesInformation>
<securitiesToBeSold>
<securitiesClassTitle>Common Shares</securitiesClassTitle>
<acquiredDate>08/15/2022</acquiredDate>
<natureOfAcquisitionTransaction>M&amp;A transaction</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>39653819</amountOfSecuritiesAcquired>
<paymentDate>08/15/2022</paymentDate>
<natureOfPayment>Shares of M&amp;A target</natureOfPayment>
</securitiesToBeSold>
<nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Orion Mine Finance Fund II LP</name>
<address>
<com:street1>1045 Avenue of the Americas</com:street1>
<com:street2>Floor 25</com:street2>
<com:city>New York</com:city>
<com:stateOrCountry>NY</com:stateOrCountry>
<com:zipCode>10018</com:zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Common Shares (2)(3)</securitiesClassTitle>
<saleDate>10/02/2024</saleDate>
<amountOfSecuritiesSold>2231868</amountOfSecuritiesSold>
<grossProceeds>17854944</grossProceeds>
</securitiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Orion Mine Finance Fund II LP</name>
<address>
<com:street1>1045 Avenue of the Americas</com:street1>
<com:street2>Floor 25</com:street2>
<com:city>New York</com:city>
<com:stateOrCountry>NY</com:stateOrCountry>
<com:zipCode>10018</com:zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Common Shares (2)</securitiesClassTitle>
<saleDate>10/18/2024</saleDate>
<amountOfSecuritiesSold>8266177</amountOfSecuritiesSold>
<grossProceeds>65716107.15</grossProceeds>
</securitiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Orion Mine Finance Fund II LP</name>
<address>
<com:street1>1045 Avenue of the Americas</com:street1>
<com:street2>Floor 25</com:street2>
<com:city>New York</com:city>
<com:stateOrCountry>NY</com:stateOrCountry>
<com:zipCode>10018</com:zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Common Shares (2)(3)</securitiesClassTitle>
<saleDate>10/28/2024</saleDate>
<amountOfSecuritiesSold>1595372</amountOfSecuritiesSold>
<grossProceeds>13241587.6</grossProceeds>
</securitiesSoldInPast3Months>
<remarks>(1) This Form 144 relates to shares being sold for the account of Orion Mine Finance Fund II LP ("Fund II"). Orion Resource Partners (USA) LP serves as investment advisor to each of Fund II and Orion Mine Finance Fund III LP ("Fund III") and in such capacity, sold shares on behalf of the account of each of Fund II and Fund III. Accordingly, sales for the account of Fund III are required by paragraph (e)(3)(vi) of Rule 144 to be aggregated with sales for the account of Fund II (the person filing this notice). Fund III is separately filing a Form 144 for the shares sold for its account. (2) The aggregate market value and the gross proceeds reported herein are provided in Canadian dollars. (3) These shares were sold pursuant to Rule 904 under Regulation S (exemption for offshore sales by non-issuer) and thus are excluded for purposes of calculating the Reporting Person's volume limitation under Rule 144(e).</remarks>
<noticeSignature>
<noticeDate>10/28/2024</noticeDate>
<signature>/s/ Richard Gashler, CCO of Orion Mine Finance GP II Limited, GP of Orion Mine Finance GP II LP, GP of Orion Mine Finance Fund II LP</signature>
</noticeSignature>
</formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
