Article contentFactors that could cause actual results to differ materially from these forward-looking statements include, among others, the following: the risks that a condition to closing of either Transaction may not be satisfied, that a party may terminate an arrangement agreement or that the closing of either Transaction might be delayed or not occur at all; potential adverse reactions or changes to business or employee relationships of Royal Gold, Sandstorm or Horizon, including those resulting from t ...

ABOUT SANDSTORM GOLD ROYALTIES Sandstorm is a precious metals-focused royalty company that provides upfront financing to mining companies and receives the right to a percentage of production from a mine, for the life of the mine. Sandstorm holds a portfolio of approximately 230 royalties, of which 40 of the underlying mines are producing. For more information visit: www.sandstormgold.com. , /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) ...

Key Takeaways Sandstorm Gold will hold a shareholder meeting on Oct. 9 to approve its deal with Royal Gold.Royal Gold's offer values the deal at $3.5B with a 21% premium based on 20-day VWAP.Proxy advisors, including ISS, recommended in favor of the strategic Sandstorm-Royal Gold deal.Sandstorm Gold Ltd. (SAND) announced that it filed the materials for the special meeting of the company’s shareholders to be held on Oct. 9. At the meeting, Sandstorm Gold’s shareholders will be asked to approve the agreement ...

Accessibility StatementSkip Navigation VANCOUVER, BC, Sept. 29, 2025 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce that Royal Gold Inc. ("Royal Gold") has received all government regulatory approvals with respect to competition and foreign investment required for the previously announced acquisition of Sandstorm (the "Sandstorm Transaction") including the Investment Canada Act, the Competition Act (Canada), and th ...

DENVER--(BUSINESS WIRE)--Royal Gold Announces Receipt of Governmental Approvals & Provides an Update on the Timing for the Acquisitions of Sandstorm Gold and Horizon Copper. ...

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]

Core Insights - Sandstorm Gold Ltd. (NYSE:SAND) is recognized as one of the best gold royalty and small-cap gold stocks to invest in currently [1] - The company reached a 52-week high of $11.51 on September 5, 2025, reflecting a remarkable one-year return of 104.57% [2] - Sandstorm Gold has a market capitalization of $3.37 billion and has demonstrated revenue growth of 13.87% with gross profit margins of 84.3% [2] - The company has been praised for its aggressive share buybacks and maintains a solid current ratio of 2.4, indicating financial strength [2] - RBC Capital's Josh Wolfson has maintained a 'Buy' rating on Sandstorm Gold with a price target of $14.00 [3] - Sandstorm operates as a gold royalty company, securing purchase agreements and royalties from advanced-stage mining projects globally [3]

Group 1 - Sandstorm Gold Ltd. announced significant developments in its operations and financial performance [1] - The company reported an increase in revenue, highlighting a strong demand for gold and precious metals [1] - Sandstorm Gold's strategic acquisitions have positioned it favorably within the mining sector [1] Group 2 - The company emphasized its commitment to sustainable mining practices, aligning with industry trends towards environmental responsibility [1] - Sandstorm Gold's exploration initiatives are expected to enhance its resource base and future production capabilities [1] - The overall outlook for the gold market remains positive, driven by economic uncertainties and inflation concerns [1]

Financial Data and Key Metrics Changes - Total revenue for Q2 was $51.4 million, a 24% increase compared to the same period last year, driven by strong realized gold prices averaging over $3,300 per attributable ounce [10] - Operating cash flow was over $38 million, with net income of $16.9 million, reflecting a 61% year-over-year increase [4][11] - Average cash cost per attributable ounce was $350, resulting in record cash operating margins of $2,981 per ounce [11] Business Line Data and Key Metrics Changes - Sandstorm sold approximately 15,100 attributable gold equivalent ounces in Q2, a decrease year-over-year due to the outperformance of gold relative to other commodities [10] - Production at Chapada was impacted by lower recoveries from processing lower grade stockpiles, but higher grade ore is expected in the latter half of the year [12] - Greenstone's gold production rose to 51,274 ounces in Q2, a 15% increase from Q1, indicating improved operational efficiency [16][19] Market Data and Key Metrics Changes - Approximately 45% of attributable GEOs in Q2 came from South America, 34% from North America, and 21% from other jurisdictions [15] - On a metals basis, 82% of GEOs were from precious metals, with copper contributing 11% and other base metals making up the remaining 7% [15] Company Strategy and Development Direction - The acquisition by Royal Gold is expected to enhance portfolio diversification and solidify value for investors, with a focus on maintaining exposure to gold [5][6] - The transaction is anticipated to close in Q4, with Royal Gold's portfolio expected to include over 80 cash flowing royalties and streams [5][6] - Development projects like Greenstone and Platte Reef are on track, with significant production increases and expansions planned [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the positive response from shareholders regarding the acquisition and the expected completion timeline [5] - The strong gold price environment is expected to continue supporting revenue growth despite lower GEOs compared to Q1 [11] - Exploration successes at Lundin Gold's Fruta Del Norte are expected to extend the mine life and enhance production profiles [22][24] Other Important Information - The company made net debt repayments of $25 million during the quarter, continuing its deleveraging efforts [11] - The exploration program at Fruta Del Norte has expanded significantly, with the largest annual drill campaign ever planned [25] Q&A Session Summary - There were no questions during the Q&A session, and management indicated they would be available for follow-up inquiries [29]

Core Viewpoint - Sandstorm Gold Ltd. reported record financial results for Q2 2025, driven by strong commodity prices, and announced a definitive agreement for Royal Gold, Inc. to acquire Sandstorm in an all-share transaction valued at approximately $3.5 billion [1][2][3]. Financial Highlights - Record revenue of $51.4 million for Q2 2025, up from $41.4 million in Q2 2024 [4][12]. - Attributable production of 15,098 gold equivalent ounces, down from 17,414 ounces in the comparable period in 2024 [4][12]. - Cash flows from operating activities of $37.7 million, compared to $32.6 million in Q2 2024 [4][14]. - Record cash operating margins of $2,981 per attributable gold equivalent ounce, compared to $2,043 in Q2 2024 [4][14]. - Net income of $16.9 million, up from $10.5 million in Q2 2024 [4][14]. Transaction Details - Royal Gold will acquire all Sandstorm common shares at an implied value of approximately $3.5 billion, with Sandstorm shareholders receiving 0.0625 of a Royal Gold share for each Sandstorm share held [2][3]. - Post-transaction, existing Royal Gold and Sandstorm shareholders will own approximately 77% and 23% of the combined company, respectively [2][3]. Portfolio and Growth Potential - The combined portfolios are expected to create a highly diversified precious metals streaming and royalty company, with no single asset accounting for more than 12% of NAV [3][5]. - The gold-dominated portfolio is projected to have a revenue mix of approximately 87% precious metals in 2025, with 75% of total revenues from gold [3][5]. - Significant production growth is anticipated from gold-focused assets such as MARA, Hod Maden, Great Bear, Platreef, and Warintza [3][5]. Operational Insights - Approximately 82% of the gold equivalent production in Q2 2025 was from precious metals, with 11% from copper and 7% from other commodities [12][15]. - The Greenstone gold mine in Ontario is ramping up capacity, with full-year production estimates of 220,000–260,000 ounces in 2025 [16]. - The Chapada copper mine's production was impacted by lower-grade stockpiles, with forecasts of 40,000–45,000 tonnes of copper production in 2025 [18]. Future Outlook - Attributable gold equivalent ounces are forecasted to be between 65,000 and 80,000 ounces in 2025, with long-term production expected to reach approximately 150,000 ounces by 2030 [11][12]. - The company continues to focus on deleveraging, having made $25 million in net debt repayments during Q2 2025 [7].