#Canada #Vancouver #Sandstorm Gold #Merger #Royal Gold

Sandstorm Gold Royalties Finalizes Arrangement with Royal Gold

On October 20, 2025, Sandstorm Gold Ltd. announced that it has successfully completed its previously outlined plan of arrangement with Royal Gold, Inc. This significant move sees Royal Gold acquiring all the outstanding common shares of Sandstorm, redefining the operational landscape for both entities in the mining sector.

The Arrangement Details

Under the terms of the arrangement, each Sandstorm shareholder is entitled to receive 0.0625 shares of Royal Gold's common stock for every share they hold in Sandstorm. This was viewed as a strategic step aimed at consolidating resources and expanding production capabilities across both companies. With this exchange, the market impact on Sandstorm has been considerable, leading to projections about its future operations and shareholders' benefits. The Sandstorm shares will soon be delisted from both the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSE) within two to three business days post-announcement.

Next Steps for Shareholders

For current shareholders of Sandstorm, it is essential to follow the guidelines provided in the Management Information Circular dated September 8, 2025. Registered shareholders must complete and return the letter of transmittal that accompanies their share certificate(s) to Computershare Investor Services Inc., the designated depositary for the arrangement. Non-registered shareholders should reach out to their intermediaries for help with this process.

Due to an ongoing Canada Post strike, shareholders are encouraged to use alternatives such as courier services for delivering their letters of transmittal and certificates. The depositary is located at 320 Bay Street, 14th Floor, Toronto, Ontario, M5H 4A6.

Implications for Future Operations

This merger marks an important chapter for Sandstorm Gold Royalties, with forward-looking statements suggesting a robust path ahead. As the company transitions to a subsidiary of Royal Gold, both firms anticipate strategic benefits, including enhanced operational efficiencies and a stronger market position. Given the current global market conditions and expected commodity price fluctuations, the merger provides Sandstorm with a solid foundation to navigate the complexities of the mining industry.

From a regulatory perspective, Sandstorm is preparing to cease being a reporting issuer in relevant jurisdictions. This deregistration process will follow the delisting schedule as the company seeks to streamline its operations under the Royal Gold umbrella. Key factors influencing this decision include the ongoing evaluation of mining operational risks and the anticipated changes in the market for precious metals.

As this new chapter begins, stakeholders must consider both the potential risks and rewards. Financial analysts anticipate that the merger could lead to enhanced valuation metrics for shareholders, assuming smooth operational integration and continued production stability.

Conclusion

The completion of the arrangement between Sandstorm Gold Royalties and Royal Gold signifies a pivotal moment in the mining sector, with potential ripple effects for the industry at large. As both companies move forward with the integration, shareholders and market analysts will closely monitor developments to gauge the long-term impacts of this strategic alignment. The anticipation of smoother operations and potential shareholder value enhancements makes this merger one of the expected highlights in the mining landscape for the upcoming years.