Royal Gold Acquires Sandstorm Gold Ltd. and Horizon Copper Corp.
October 20, 2025
Royal Gold, Inc. completed the previously announced acquisitions of Sandstorm Gold Ltd. and Horizon Copper Corp., issuing approximately 18.6 million shares to Sandstorm shareholders and paying roughly $126 million in cash consideration for Horizon. The transactions increase Royal Gold's scale and diversification in precious metals streaming and royalties; Sandstorm and Horizon have requested delisting of their public shares following closing.
- Buyers
- Royal Gold, Inc.
- Targets
- Sandstorm Gold Ltd., Horizon Copper Corp.
- Sellers
- Sandstorm Gold Ltd. shareholders, Horizon Copper Corp. shareholders
- Industry
- Energy
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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