Royal Gold has announced the filing of a definitive proxy statement with the US Securities and Exchange Commission (SEC) for the acquisition of Sandstorm Gold.
Royal Gold agreed to acquire Sandstorm Gold in July 2025.
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The transaction will see Sandstorm become a wholly owned subsidiary of Royal Gold.
Stockholders of Royal Gold as of 29 August 2025 will vote on the issuance of shares for the transaction at a special meeting on 9 October.
The Royal Gold Board of Directors has unanimously recommended that stockholders vote in favour of the proposals detailed in the proxy statement.
Sandstorm will also convene a shareholder meeting on the same date to secure the necessary approval for the acquisition.
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By GlobalDataAdditionally, Horizon Copper will seek security-holder approval for Royal Gold’s proposed acquisition of Horizon on 9 October 2025.
The completion of the Sandstorm acquisition is contingent upon several customary closing conditions.
These include approvals from Royal Gold’s stockholders and Sandstorm’s shareholders, the endorsement of the Supreme Court of British Columbia and the fulfilment or waiver of conditions related to the Horizon transaction.
Additionally, the transaction is subject to the listing of Royal Gold’s shares to be issued on Nasdaq and the receipt of regulatory clearances.
Regulatory approvals under competition laws in Canada and South Africa have been obtained, while the review under the Investment Canada Act is still in progress.
Subject to these conditions being met, the anticipated closure of the Sandstorm acquisition is expected in the fourth quarter of 2025 (Q4 2025).
The completion of the transactions will reinforce Royal Gold’s position as a leading North American gold-focused streaming and royalty company.
In August, Royal Gold’s subsidiary, RGLD Gold, entered a stream agreement to secure gold deliveries tied to copper production from the Kansanshi mine in Zambia.
