content: <?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>10% 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>8266177</noOfUnitsSold>
  <aggregateMarketValue>67038695.47</aggregateMarketValue>
  <noOfUnitsOutstanding>297387780</noOfUnitsOutstanding>
  <approxSaleDate>10/18/2024</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>
  <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) The shares sold on October 2, 2024 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>10/18/2024</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>
metadata_documents: [{"type": "144", "sequence": "1", "filename": "primary_doc.xml", "secsgml_size_bytes": 4101}]
text: 144
  0002041649
  XXXXXXXX
  LIVE
  0001434614
  SANDSTORM GOLD LTD
  001-35617
  733 Seymour Street
  Suite 3200
  Vancouver
  A1
  V6B 0S6
  (604) 689-0234
  Orion Mine Finance Fund II LP
  10% Stockholder (1)
  Common Shares (2)
  Scotia Capital Inc.
  Scotia Plaza
  40 King Street West
  Toronto
  A6
  M5H 1H1
  8266177
  67038695.47
  297387780
  10/18/2024
  NYSE
  Common Shares
  08/15/2022
  M&A transaction
  Issuer
  N
  39653819
  08/15/2022
  Shares of M&A target
  N
  Orion Mine Finance Fund II LP
  1045 Avenue of the Americas
  Floor 25
  New York
  NY
  10018
  Common Shares (2)(3)
  10/02/2024
  2231868
  17854944
  (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) The shares sold on October 2, 2024 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).
  10/18/2024
  /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