Sandstorm Gold (SAND) Surges 6.3% on $3.5B Merger

Sandstorm Gold Ltd. (NYSE:SAND) surged 6.33% to $10.24 following news of its $3.5 billion acquisition by Royal Gold Inc. Shareholders will receive 0.0625 of each Royal Gold common share, representing a 21% premium. Upon closing, Royal Gold and SAND shareholders will own 77% and 23% of Royal Gold shares respectively.

The merger marks a significant move in the mining industry, with SAND shareholders receiving a 17% premium to the closing price on July 3, 2025. The deal will give Royal Gold and Sandstorm Gold Ltd. (NYSE:SAND) shareholders ownership of approximately 77% and 23% of Royal Gold Shares on a fully diluted basis.

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Read more at Yahoo Finance: Sandstorm (SAND) Rallies 6.3% on $3.5-Billion Merger with Royal Gold