Sandstorm Gold Shares Climb After Royal Gold Announces $3.5 Billion Acquisition Deal
Royal Gold Inc. will acquire Sandstorm Gold Ltd. for $3.5 billion in an all-stock deal and Horizon Copper for $196 million in cash, boosting its North American gold streaming portfolio. The deals, offering significant premiums, will add 40 producing assets, increasing Royal Gold’s 2025 production by 26%. The merged entity will operate 80 assets, with precious metals driving 87% of revenue. Closures are expected by Q4 2025, pending approvals.












