Accessibility StatementSkip Navigation YARDLEY, Pa., Nov. 18, 2025 /PRNewswire/ --Â Smart Sand, Inc. (NASDAQ: SND) ("Smart Sand" or the "Company") announced today that its board of directors has declared a special cash dividend on the Company's common stock of $0.05 per share, payable on December 16, 2025, to stockholders of record as of the close of business on December 2, 2025. "We are happy to return value to our stockholders and will continue to focus on ways to manage our costs and maximize efficiencie ...

Core Viewpoint - Sandstorm Gold Ltd. has completed its arrangement with Royal Gold, Inc., resulting in Royal Gold acquiring all outstanding common shares of Sandstorm [1][2]. Summary by Sections Arrangement Details - Sandstorm shareholders received 0.0625 of a share of Royal Gold for each Sandstorm Share held as part of the arrangement [2]. - The Sandstorm Shares are expected to be delisted from both the Toronto Stock Exchange and the New York Stock Exchange within two to three business days following the announcement [3]. - Sandstorm will apply to cease being a reporting issuer in applicable jurisdictions and will deregister its shares under the U.S. Securities Exchange Act of 1934 [3]. Shareholder Instructions - Shareholders are advised to review the Management Information Circular dated September 8, 2025, for details on receiving the consideration for their shares [4][5]. - Registered shareholders must complete and return the letter of transmittal along with their share certificates to Computershare Investor Services Inc. [5]. - Non-registered shareholders should contact their intermediaries for instructions on receiving the consideration [5]. Additional Information - Due to the ongoing Canada Post strike, registered shareholders are encouraged to use courier services or hand deliver their documentation to the depositary [6].

Core Points - Sandstorm Gold Ltd. has received final approval from the Supreme Court of British Columbia for its arrangement with Royal Gold Inc., where Royal Gold will acquire all Sandstorm shares at a ratio of 0.0625 shares of Royal Gold for each Sandstorm share held [1][2] - The transaction is expected to close on October 20, 2025, pending customary closing conditions, after which Sandstorm plans to delist its shares from both the Toronto Stock Exchange and the New York Stock Exchange [2][3] Company Overview - Sandstorm Gold is a royalty company focused on precious metals, providing upfront financing to mining companies and receiving a percentage of production from mines for their operational life [4] - The company holds a portfolio of approximately 230 royalties, with 40 of the underlying mines currently in production [4]

Core Viewpoint - The pre-market trading of gold stocks in the US saw a collective rise, driven by expectations of further interest rate cuts and ongoing trade tensions, leading to a significant increase in gold prices, which surpassed $4,210, marking a new historical high and a year-to-date increase of over 60% [1]. Group 1: Market Performance - Gold stocks such as Harmony Gold and Kinross Gold rose over 4%, while companies like Coeur Mining, DRDGOLD, and AngloGold Ashanti saw increases exceeding 3% [1]. - The pre-market performance of various gold stocks included notable gains: Harmony Gold at 4.97%, Kinross Gold at 2.20%, and AngloGold Ashanti at 3.20% [2]. Group 2: Gold Price Movement - Spot gold prices broke the $4,210 mark, achieving a new all-time high [1]. - Year-to-date, spot gold has increased by more than 60%, reflecting strong market demand and investor sentiment [1].

Group 1 - The article discusses potential risks associated with the Transactions involving Royal Gold, Sandstorm, and Horizon, including the possibility of conditions not being satisfied for closing the Transactions [1] - There are concerns regarding adverse reactions or changes in business or employee relationships due to the announcement or completion of the Transactions [1] - The article highlights the risk of litigation related to the Transactions and the diversion of management time on transaction-related issues [1] Group 2 - The timing, outcome, and results of integrating the operations of Royal Gold, Sandstorm, and Horizon are uncertain, with potential failure to realize anticipated benefits and synergies [1] - Changes in capital markets and the ability of the combined company to finance operations as expected are also noted as risks [1] - Fluctuations in the prices of gold, silver, copper, and other metals could impact the financial performance of properties held by Royal Gold, Sandstorm, and Horizon [1] Group 3 - The article mentions operational risks including variations between actual and forecasted performance, labor disputes, and supply chain disruptions [1] - Environmental risks, including those related to climate change, and potential cyber-attacks are highlighted as significant concerns [1] - The impact of health epidemics and pandemics, as well as changes in laws or regulations governing the companies, are also discussed [1]

Core Points - Sandstorm Gold Ltd. shareholders approved the plan of arrangement with Royal Gold, Inc. with 98.68% of votes in favor [2][3] - The transaction is expected to close on October 20, 2025, pending customary closing conditions [4] - Following the arrangement, Sandstorm plans to delist its shares from the Toronto Stock Exchange and New York Stock Exchange [5] Voting Results - 58% of Sandstorm's issued common shares were represented at the special meeting [1] - The arrangement was approved by 98.68% of votes cast by all shareholders and 98.66% excluding certain votes under Canadian regulations [2] Royal Gold's Approval - Royal Gold's stockholders also approved the issuance of shares for the acquisition of Sandstorm, with approximately 99% of votes in favor [3] Transaction Details - The closing of the transaction is subject to the approval of the Supreme Court of British Columbia and other customary conditions [4] - Sandstorm will apply to cease being a reporting issuer and deregister its shares under U.S. securities laws post-transaction [5] Company Overview - Sandstorm Gold is a precious metals-focused royalty company with a portfolio of approximately 230 royalties, 40 of which are producing [7]

Core Insights - Sandstorm Gold Ltd. is seeking shareholder approval for its agreement with Royal Gold, Inc. at a special meeting scheduled for October 9, 2025, which will facilitate the completion of the SAND-RGLD deal [1][8] Deal Details - Royal Gold is proposing an all-stock acquisition of Sandstorm Gold, offering 0.0625 Royal Gold shares for each Sandstorm share, valuing the deal at $3.5 billion with a 21% premium based on the 20-day VWAP and a 17% premium based on the closing price from July 3, 2025 [2][8] - Upon completion of the deal, Sandstorm shareholders will receive approximately 19 million Royal Gold shares, representing about 23% of Royal Gold's fully diluted shares [2] Shareholder Recommendations - Sandstorm Gold received a favorable recommendation from Institutional Shareholder Services Inc. and other major proxy advisors, endorsing the strategic value and benefits of the deal for shareholders [3][8] - Royal Gold will also hold a special meeting on October 9, 2025, for its shareholders to vote on the issuance of shares for the Sandstorm transaction, with the board recommending a favorable vote [4] Financial Performance - In Q2 2025, Sandstorm Gold reported an adjusted EPS of 5 cents, consistent with Zacks Consensus Estimate, and revenues of $51 million, slightly below the consensus estimate of $52 million, marking a 13.3% year-over-year increase [5] - Comparatively, B2Gold Corp reported adjusted EPS of 12 cents and revenues of $692 million for Q2 2025, while Agnico Eagle Mines reported adjusted EPS of $1.94 and revenues of $2.82 billion, reflecting significant year-over-year growth [6][7]

Core Points - Sandstorm Gold Ltd. has announced that Royal Gold Inc. has received all necessary government regulatory approvals for the acquisition of Sandstorm, including approvals under the Investment Canada Act, the Competition Act (Canada), and South African antitrust laws [1] - The completion of the transaction is contingent upon customary closing conditions, including shareholder approvals and the listing of Royal Gold's shares on Nasdaq, with an anticipated closing in early Q4 2025 [2] Company Information - Sandstorm Gold is a precious metals-focused royalty company that provides upfront financing to mining companies and receives a percentage of production from mines for their operational life. The company holds approximately 230 royalties, with 40 of the underlying mines currently in production [7]

Core Viewpoint - Royal Gold has received governmental approvals and provided an update on the timing for the acquisitions of Sandstorm Gold and Horizon Copper [1] Group 1: Governmental Approvals - The company has successfully obtained the necessary governmental approvals for its planned acquisitions [1] Group 2: Acquisition Timing Update - An update has been provided regarding the timing for the acquisitions of Sandstorm Gold and Horizon Copper, indicating progress in the transaction process [1]

Group 1 - The article suggests that gold tends to underperform equity indices over time, indicating a potential investment strategy focus away from gold [1] - PropNotes emphasizes its expertise in identifying high-yield investment opportunities for individual investors, leveraging a background in professional Prop Trading [1] - The analysis provided by PropNotes aims to simplify complex investment concepts and offer actionable insights to enhance investor returns [1] Group 2 - The article does not provide specific financial data or performance metrics related to any particular company or industry [2][3]