Royal Gold to Acquire Sandstorm Gold Royalties and Horizon Copper, Creating a Premier Streaming and Royalty Company
Denver, CO – July 7, 2025 – Royal Gold, Inc. (NASDAQ: RGLD) announced today its definitive agreement to acquire Sandstorm Gold Royalties Ltd. and Horizon Copper, in a move that is set to create one of the largest and most diversified precious metals streaming and royalty companies in the world. This significant transaction promises to enhance Royal Gold’s portfolio with high-quality, long-life assets and solidify its position as an industry leader.
The acquisition of Sandstorm Gold Royalties, a well-respected player in the royalty sector, will bring a robust and attractive portfolio of gold and silver royalties. These assets are spread across various jurisdictions and are associated with a number of producing and development-stage mines, offering immediate cash flow and substantial long-term growth potential. Sandstorm’s focus on quality over quantity aligns well with Royal Gold’s strategic approach to building a best-in-class portfolio.
Complementing this, the acquisition of Horizon Copper will provide Royal Gold with exposure to a significant copper royalty, which is particularly strategic given the increasing global demand for copper in electrification and renewable energy technologies. This addition diversifies Royal Gold’s commodity exposure and aligns with its vision of supporting the transition to a low-carbon future through responsible resource investment.
“We are thrilled to announce this transformative combination with Sandstorm Gold Royalties and Horizon Copper,” said Bill Johnson, President and CEO of Royal Gold. “This transaction is a significant step forward in our mission to build a premier, globally diversified streaming and royalty company. The combined portfolio will offer unparalleled quality, scale, and geographic diversity, providing enhanced value and stability for our shareholders. We are particularly excited about the opportunity to expand our copper exposure, a commodity critical for the global energy transition.”
The combined entity is expected to benefit from significant operational synergies and financial efficiencies. Royal Gold anticipates that the integration of Sandstorm’s and Horizon’s assets will result in a more robust and predictable cash flow profile, enabling continued investment in accretive growth opportunities and returning capital to shareholders.
The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including regulatory approvals and the approval of Sandstorm Gold Royalties’ shareholders. Royal Gold is confident that this strategic combination will unlock substantial value and further strengthen its competitive advantage in the global mining landscape.
This strategic acquisition marks a pivotal moment for Royal Gold, underscoring its commitment to disciplined growth and its ambition to be the preferred partner for mining companies seeking capital solutions. The enlarged company is poised to leverage its enhanced scale, financial strength, and diversified asset base to pursue further opportunities and deliver sustainable growth for years to come.
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PR Newswire Energy published ‘Royal Gold to Acquire Sandstorm Gold Royalties and Horizon Copper, Forming Large-Scale, Industry-Leading Streaming and Royalty Company’ at 2025-07-07 11:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.