Royal Gold – Sandstorm Gold and Horizon Copper
Royalty companies consolidate by buying portfolios of streams; the deals closed in October 2025.
- Acquirer
- Royal Gold
- Target
- Sandstorm Gold and Horizon Copper
- Announced
- Metal
- Gold royalties
- Announced value
- about $3.7bn
- Structure
- All-share for Sandstorm, cash for Horizon
- Status
- Completed