SCHEDULE 13G/A 0000869178 XXXXXXXX LIVE 13 COMMON SHARES 12/31/2024 0001434614 SANDSTORM GOLD LTD 80013R206 1400-400 Burrard Street Vancouver A1 V6C 3A6 Rule 13d-1(b) VAN ECK ASSOCIATES CORP DE 23647473 23766253 23766253 N 8 IA SANDSTORM GOLD LTD 1400-400 Burrard Street, Vancouver, British Columbia, Canada, V6C 3A6 Van Eck Associates Corporation 666 Third Ave. - 9th Floor, New York, New York 10017 Delaware N IA 23,766,253 8 23,647,473 23,766,253 Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. VAN ECK ASSOCIATES CORP Ashley Sousa 02/14/2025