04:51 PM EDT, 10/09/2025 (MT Newswires) -- Sandstorm Gold ( SAND ) edged higher in after-hours New York trading after the company on Thursday said shareholders overwhelmingly approved the company's US$3.5-billion sale to Royal Gold ( RGLD ) .

In a special meeting, 98.68% of shares present voted to approve the offer of 0.0625 of a Royal Gold ( RGLD ) share for each Sandstorm share held .

At a parallel meeting, Royal Gold ( RGLD ) shareholders also backed the transaction, with approximately 99% of the votes in favor.

Closing of the deal is expected to occur on Oct.20, subject to the satisfaction of customary closing requirements, including approval by the Supreme Court of British Columbia, fulfillment or waiver of certain conditions tied to Royal Gold's ( RGLD ) Horizon transaction, and the successful listing of the new shares on Nasdaq.

Once completed, Sandstorm plans to delist from both the Toronto Stock Exchange and the New York Stock Exchange.

Shares of Sandstorm Gold ( SAND ) were last seen up US$0.15 to US$12.03 after hours. They closed down $0.98 to $16.88 on the Toronto Stock Exchange.