ZACKS·2025-10-02 19:21Core 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]