https://newsletter.mw.creamermedia.com
Gold
Gold
gold

Royal Gold to acquire Canada's Sandstorm Gold for $3.5bn

7th July 2025

By: Creamer Media Reporter

     

Font size: - +

Royal Gold said on Monday it will acquire Canadian peer Sandstorm Gold for about $3.5-billion, helping the royalty firm strengthen its position in North America at a time when bullion has soared to record highs.

US-listed shares of Sandstorm rose 9.6% following the news, while Royal Gold's stock was down 4.1% in premarket trading.

Gold royalty companies generate revenue by collecting a percentage of production of the metal from mining operations in exchange for upfront payments or investments.

The deal gives Royal Gold revenue from 40 more mining assets that are expected to produce about 65,000 to 80,000 gold equivalent ounces (GEO) this year, when bullion has seen a surge in safe-haven flows following US President Donald Trump's tariff policies.

Under the all-stock deal, Colorado-based Royal Gold will issue 0.0625 shares for each Sandstorm share. The offer represents a premium of 16.7% to Sandstorm's close on the New York Stock Exchange on Friday.

Upon completion of the transactions, Royal Gold shareholders will own nearly 77% and Sandstorm shareholders will own about 23% of the combined company.

Royal Gold will continue to be a gold-focused company after the takeover, with 75% of total revenue coming from the precious metal.

About 41% of production will be at mines located in the U.S. and Canada, and the remainder from countries where mining is a welcome and well-established contributor to local economies, the company added.

On Monday, Royal Gold also announced the acquisition of Horizon Copper in an all-cash deal worth $196-million. The deal is expected to close in the fourth quarter of 2025.

Edited by Creamer Media Reporter

Comments

Showroom

Chelsea Safety Boot
BOVA Safety Wear

BOVA cemented their reputation in Africa by delivering high quality engineering through their range of safety footwear. 21 years after producing...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 04 July 2025
Magazine round up | 04 July 2025
4th July 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.076 0.15s - 126pq - 2rq
Subscribe Now