Business
Royal Gold Announces Receipt of Governmental Approvals and Provides an Update on the Timing for the Acquisitions of Sandstorm Gold and Horizon Copper
DENVER / Sep 29, 2025 / Business Wire / Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced
About this update from Royal Gold, Inc.
[{"type":"text","content":"DENVER / Sep 29, 2025 / Business Wire / Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that it has now received all governmental regulatory approvals required for the Company’s previously announced acquisitions of Sandstorm Gold Ltd. (“Sandstorm” and the “Sandstorm Transaction”) and Horizon Copper Corp. (“Horizon” and the “Horizon Transaction,” and the Sandstorm Transaction and Horizon Transaction together, the “Transactions”). With respect to the Sandstorm Transaction, required approvals have been obtained under the Investment Canada Act, the Canadian Competition Act and the South African Competition Act. With respect to the Horizon Transaction, required approval has been obtained under the Canadian Competition Act. There are no further governmental regulatory approvals required for either Transaction. All holders of record of Royal Gold common stock as of the close of business on Friday, August 29, 2025, are entitled to vote their shares at the special meeting of stockholders (the “Special Meeting”) to approve the issuance of shares of Royal Gold common stock in connection with the Sandstorm Transaction. The Special Meeting is scheduled to take place on Thursday, October 9, 2025. The Royal Gold Board of Directors unanimously recommends that Royal Gold stockholders vote “FOR” the proposals as described in detail in the definitive proxy statement. Leading proxy advisory firms, including Institutional Shareholder Services Inc. (“ISS”), have recommended that Royal Gold stockholders vote “FOR” the proposals related to the Sandstorm Transaction. Sandstorm is scheduled to hold a shareholder meeting on October 9, 2025 to seek approval of the Sandstorm Transaction. The Board of Directors of Sandstorm unanimously (with a director having a disclosable interest abstaining from voting) recommends that Sandstorm shareholders vote “FOR” the special resolution approving the proposed arrangement with Royal Gold, and Sandstorm has reported that ISS and other similar advisory firms recommend that Sandstorm shareholders vote “FOR” the special resolution approving the Sandstorm Transaction. The completion of the Sandstorm Transaction is subject to customary closing conditions, including, without limitation, the approvals by Royal Gold’s stockholders and Sandstorm’s sha...