Sandstorm Gold rises on Royal Gold's $3.5 bln buyout deal

Sandstorm Gold

07/07/2025 13:07

** U.S.-listed shares of Canada-based precious metals co Sandstorm Gold SAND.N SSL.TO gain 8.20% to $10.20 premarket

** SAND has agreed to be acquired by Royal Gold RGLD.O for about $3.5 bln in an all-share transaction

** SAND shareholders to receive 0.0625 RGLD shares for every SAND share, a 17% premium to SAND's last close

** Post deal completion, RGLD shareholders to own about 77% and SAND shareholders to own nearly 23% of combined co

** Transaction is expected to close in 2025 Q4

** RGLD down 3.4% at $173.71 in premarket trading, and has market cap of $11.4 bln, as of Thursday's close

** SAND has a market cap of $2.8 bln and is up 72.6% YTD at NYSE as of last close

** RGLD is up 36.38% YTD

(Reporting by Ankita Yadav in Bengaluru)

((Ankita.Yadav@thomsonreuters.com;))