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Royal Gold Agrees Acquisitions Worth $3.7bn as Record Prices Drive Deals
NORTH AMERICA, JUL 7 – Royal Gold's $5 billion bid aims to boost gold equivalent production by 26% and reduce reliance on single mines amid rising precious metal prices, the company said.
- Early Monday, Royal Gold launched friendly bids totaling about $5 billion—$3.5 billion in shares for Sandstorm and $196 million in cash for Horizon, subject to approvals.
- Royal Gold aims to increase gold equivalent ounces by 26%, improve diversification, and reduce reliance on single assets amid soaring prices and geopolitical unrest, according to company statements.
- Sandstorm shareholders will receive 0.0625 Royal Gold shares per share at a 21% premium, while Horizon shareholders get C$2.00 cash per share at an 85% premium, pending approvals.
- Both takeovers require two-thirds shareholder approval and Canadian government clearance, with deals expected to close by Q4 2025.
- Upon completion of the acquisitions, Royal Gold's pro-forma portfolio will include 393 streams and royalties, with 80 cash-flowing assets, 47 in development, and an 87% precious metals revenue mix.
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Royal Gold to Acquire Sandstorm Gold Royalties and Horizon Copper, Forming Large-Scale, Industry-Leading Streaming and Royalty Company
/PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm", or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce that the Company...
·United States
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Winnipeg Free Press+13 Reposted by 13 other sources
Royal Gold to acquire Sandstorm Gold and Horizon Copper in a pair of deals
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Coverage Details
Total News Sources28
Leaning Left9Leaning Right0Center8Last UpdatedBias Distribution53% Left
Bias Distribution
- 53% of the sources lean Left
53% Left
L 53%
C 47%
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