Royal Gold, Inc. (RGLD) announced agreements to acquire Sandstorm Gold Ltd. and Horizon Copper Corp. The deal with Sandstorm involves acquiring 100% of its issued share capital in exchange for Royal Gold shares at a ratio of 0.0625 common shares per Sandstorm share. This exchange ratio represents a 21% premium and values the transaction at approximately $3.5 billion.
For Horizon Minerals Limited, Royal Gold will acquire 100% of its issued share capital for C$2.00 per share in cash. This price per share reflects an 85% premium and a transaction equity value near $196 million.
Both transactions are expected to close in the fourth quarter of 2025, according to Royal Gold, Inc. (RGLD).
Bill Heissenbuttel, President and CEO, expressed his pleasure in announcing these acquisitions, noting they align with the company’s goal of acquiring high-quality, long-life precious metals assets in mining-friendly jurisdictions.
