July 7 (Reuters) - Royal Gold ( RGLD ) said on Monday it
will acquire Canada's Sandstorm Gold ( SAND ) for an equity
value of about $3.5 billion.
Under the all-stock deal, Colorado-based Royal Gold ( RGLD ) will
issue 0.0625 shares for each Sandstorm share.
Royal Gold ( RGLD ) said that upon completion of the transactions,
its shareholders will own nearly 77% and Sandstorm shareholders
will own about 23% of the combined company.
The deal is expected to close in the fourth quarter of 2025.