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>0002041646</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 III 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>676191</noOfUnitsSold>
  <aggregateMarketValue>5788194.96</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>8317351</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 III 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>468132</amountOfSecuritiesSold>
  <grossProceeds>3745056</grossProceeds>
  </securitiesSoldInPast3Months>
  <securitiesSoldInPast3Months>
  <sellerDetails>
  <name>Orion Mine Finance Fund III 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>1733823</amountOfSecuritiesSold>
  <grossProceeds>13783892.85</grossProceeds>
  </securitiesSoldInPast3Months>
  <securitiesSoldInPast3Months>
  <sellerDetails>
  <name>Orion Mine Finance Fund III 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>334628</amountOfSecuritiesSold>
  <grossProceeds>2777412.4</grossProceeds>
  </securitiesSoldInPast3Months>
  <remarks>(1) This Form 144 relates to shares being sold for the account of Orion Mine Finance Fund III LP ("Fund III"). Orion Resource Partners (USA) LP serves as investment advisor to each of Fund III and Orion Mine Finance Fund II LP ("Fund II") 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 II are required by paragraph (e)(3)(vi) of Rule 144 to be aggregated with sales for the account of Fund III (the person filing this notice). Fund II 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 III Limited, GP of Orion Mine Finance GP III LP, GP of Orion Mine Finance Fund III LP</signature>
  </noticeSignature>
  </formData>
  </edgarSubmission>
metadata_documents: [{"type": "144", "sequence": "1", "filename": "primary_doc.xml", "secsgml_size_bytes": 5177}]
text: 144
  0002041646
  XXXXXXXX
  LIVE
  0001434614
  SANDSTORM GOLD LTD
  001-35617
  733 Seymour Street
  Suite 3200
  Vancouver
  A1
  V6B 0S6
  (604) 689-0234
  Orion Mine Finance Fund III LP
  Stockholder (1)
  Common Shares (2)
  Scotia Capital Inc.
  Scotia Plaza
  40 King Street West
  Toronto
  A6
  M5H 1H1
  676191
  5788194.96
  297387780
  10/28/2024
  NYSE
  Common Shares
  08/15/2022
  M&A transaction
  Issuer
  N
  8317351
  08/15/2022
  Shares of M&A target
  N
  Orion Mine Finance Fund III LP
  1045 Avenue of the Americas
  Floor 25
  New York
  NY
  10018
  Common Shares (2)(3)
  10/02/2024
  468132
  3745056
  Orion Mine Finance Fund III LP
  1045 Avenue of the Americas
  Floor 25
  New York
  NY
  10018
  Common Shares (2)
  10/18/2024
  1733823
  13783892.85
  Orion Mine Finance Fund III LP
  1045 Avenue of the Americas
  Floor 25
  New York
  NY
  10018
  Common Shares (2)(3)
  10/28/2024
  334628
  2777412.4
  (1) This Form 144 relates to shares being sold for the account of Orion Mine Finance Fund III LP ("Fund III"). Orion Resource Partners (USA) LP serves as investment advisor to each of Fund III and Orion Mine Finance Fund II LP ("Fund II") 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 II are required by paragraph (e)(3)(vi) of Rule 144 to be aggregated with sales for the account of Fund III (the person filing this notice). Fund II 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).
  10/28/2024
  /s/ Richard Gashler, CCO of Orion Mine Finance GP III Limited, GP of Orion Mine Finance GP III LP, GP of Orion Mine Finance Fund III LP