Mentioned:
One of the largest streaming and royalty companies in mining is buying up two publicly traded companies. But, why?
What’s happening:
- Royal Gold (NASDAQ: RGLD) has entered into new deals to acquire Sandstorm Gold (NYSE: SAND) and Horizon Copper (TSXV: HCU)
By the numbers:
- Royal Gold will purchase Sandstorm Gold for $3.5B USD in an all stock deal and pay approximately $196M USD in cash to acquire Horizon Copper
Why it matters:
- Royal Gold’s purchase of Sandstorm Gold is the single largest acquisition that Royal Gold has ever made
Going deeper:
- Sandstorm Gold holds more than 200 different royalty and streaming deals globally and has more than 40 different projects currently generating cash flow
- Horizon Copper also holds significant interests in multiple large copper deposits, including a 30% stake in the historic high grade Hod Maden project located in Turkey
