Royal Gold Completes Acquisitions of Sandstorm Gold and Horizon Copper to Expand Precious-Metals Streaming and Royalties Portfolio
October 20, 2025
Royal Gold, Inc. completed its previously announced acquisitions of Sandstorm Gold Ltd. and Horizon Copper Corp., expanding its diversified portfolio of precious metal stream and royalty interests. The Sandstorm deal was completed via share issuance to Sandstorm shareholders, and the Horizon acquisition was funded in part by drawings on Royal Gold’s revolving credit facility.
- Buyers
- Royal Gold, Inc., International Royalty Corporation
- Targets
- Sandstorm Gold Ltd., Horizon Copper Corp.
- Sellers
- Sandstorm Gold Ltd. shareholders, Horizon Copper Corp. shareholders
- Industry
- Financial Services
- Location
- Colorado, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.