M&A Deal Summary

Royal Gold Acquires Sandstorm Gold

On July 7, 2025, Royal Gold acquired metals/mining company Sandstorm Gold for 3.5B USD

Acquisition Highlights
  • This is Royal Gold’s 12th transaction in the Metals/Mining sector.
  • This is Royal Gold’s largest (disclosed) transaction.
  • This is Royal Gold’s 5th transaction in Canada.
  • This is Royal Gold’s 4th transaction in British Columbia.

M&A Deal Summary

Date 2025-07-07
Target Sandstorm Gold
Sector Metals/Mining
Buyer(s) Royal Gold
Deal Type Add-on Acquisition
Deal Value 3.5B USD

Target

Sandstorm Gold

Vancouver, British Columbia, Canada
Sandstorm Gold is a gold streaming company that focuses on acquiring gold and other precious metal purchase agreements and royalties from companies that have advanced-stage development projects or operating mines. Sandstorm Gold was founded in 2007 and is based in Vancouver, Canada.

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Buyer(S) 1

Buyer

Royal Gold

Denver, Colorado, United States

Category Company
Founded 1981
Sector Metals/Mining
Employees30
Revenue 719M USD (2024)
DESCRIPTION

Royal Gold is a precious metals royalty and stream company engaged in the acquisition and management of precious metal royalties, streams, and similar production based interests. The Company owns interests on 198 properties on six continents, including interests on 37 producing mines and 23 development stage projects. Royal Gold was founded in 1981 and is based in Denver, Colorado.


DEAL STATS #
Overall 12 of 12
Sector: Metals/Mining M&A 12 of 12
Type: Add-on Acquisition M&A Deals 2 of 2
State: British Columbia M&A 4 of 4
Country: Canada M&A 5 of 5
Year: 2025 M&A 2 of 2
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-04 Horizon Copper

Vancouver, British Columbia, Canada

Horizon Copper holds interests in copper and precious metals projects, including Hod Maden and Antamina. Horizon Copper is based in Vancouver, British Columbia.

Buy CA$196M