Sandstorm Gold Ltd. (NYSE:SAND) is considered one of the best Canadian gold stocks to buy by hedge funds. The company supports Royal Gold Inc.’s acquisition of a gold stream on the Kansanshi copper-gold mine in Zambia for $1 billion, a move anticipated in its prior agreement with Royal Gold.

Royal Gold will fund the acquisition with existing cash reserves and its credit facility, avoiding the issuance of new shares. The gold stream will deliver 75 ounces per million pounds of recovered copper produced by Kansanshi until Royal Gold receives 425,000 ounces, with decreasing rates for subsequent production milestones. Immediate cash flow is expected, starting with about 12,500 ounces in 2025.

Sandstorm Gold Ltd. (NYSE:SAND) backs Royal Gold’s $1 billion Kansanshi stream acquisition as it aligns with a definitive agreement made on July 6, 2025, for Royal Gold to acquire all outstanding shares of Sandstorm in an all-share transaction. This deal strategically benefits Sandstorm’s shareholders, hence their support.

Sandstorm Gold Ltd. (NYSE:SAND) is a Canadian royalty and streaming company that acquires gold and precious metal royalties from mining operators. With over 230 royalties in its portfolio, including 40 currently producing, Sandstorm operates through agreements that provide a percentage of production from active and development-stage mines.

Read more at Yahoo Finance: Sandstorm Gold (SAND) Backs Royal Gold’s $1 Billion Kansanshi Stream Acquisition