Sandstorm Gold Royalties Sets the Stage for Shareholder Meeting to Discuss Arrangement with Royal Gold
In a strategic move to strengthen its position in the mining sector, Sandstorm Gold Ltd. has taken a significant step toward finalizing its proposed arrangement with Royal Gold, Inc. The Vancouver-based treasure has filed its meeting materials with regulatory authorities for a special meeting set to take place on October 9, 2025. Shareholder engagement is crucial, as the outcome of this meeting could alter the trajectory of Sandstorm Gold's investments and its market presence.
The special meeting will be convened at 800 a.m. local time at Sandstorm's head office located at Suite 3200, 733 Seymour Street in Vancouver, British Columbia. Only those shareholders holding common shares as of September 8, 2025, will be eligible to vote and receive notices regarding this meeting. The primary agenda item is the Arrangement Resolution, which intends to approve a strategic arrangement with Royal Gold.
The proposal outlines that for each Sandstorm share held, shareholders will receive 0.0625 shares of Royal Gold common stock, valuing the total arrangement at approximately $3.5 billion. This offer reflects a notable 21% premium over the 20-day volume-weighted average price of Sandstorm shares leading up to July 3, 2025. The deal is not without its implications, as it suggests a significant exchange of equity between both firms and a projected new ownership structure where Royal Gold shareholders would command 77% of the combined entity.
Sandstorm's board of directors has enthusiastically recommended that shareholders vote in favor of the Arrangement Resolution, backed by comprehensive evaluations from a special committee of independent directors. Their consensus is based on multiple factors that point towards the arrangement being in the best interest of both Sandstorm and its shareholders.
Among the board's highlighted benefits are:
1. Continued Growth: Shareholders maintain exposure to a robust portfolio focused on gold royalties and streams while also benefiting from enhanced scalability and diversification.
2. Valuation Improvement: The proposed arrangement aims to close the valuation gap between Sandstorm and similar companies within the sector, showcasing intrinsic value in Sandstorm’s existing portfolio.
3. Expanded Asset Base: A greater collective asset base may reduce reliance on high-risk developmental mines and offer institutional investors a cleaner, more substantial option in the gold market.
4. Liquidity: The combined entity is expected to provide better access to capital markets owing to increased trading liquidity alongside higher trading volumes and enhanced market presence.
It’s paramount for shareholders to participate in this significant decision-making process, regardless of the number of shares owned. Voting can be conducted easily through various channels:
The upcoming special meeting represents a crucial juncture for Sandstorm Gold as it meets the demands of its shareholders while pursuing an ambitious growth strategy through its proposed transaction with Royal Gold. The integration of both companies is anticipated to unlock enhanced value for shareholders, creating a larger footprint in the royalty and streaming landscape. As the date approaches, shareholders are encouraged to reflect on the implications of the arrangement thoroughly and to voice their opinions through their votes before the deadline on October 7, 2025. For more information about the arrangement and voting procedures, shareholders can visit Sandstorm's official website or contact the company's proxy solicitation agent for assistance.
Meeting Details and Context
The special meeting will be convened at 800 a.m. local time at Sandstorm's head office located at Suite 3200, 733 Seymour Street in Vancouver, British Columbia. Only those shareholders holding common shares as of September 8, 2025, will be eligible to vote and receive notices regarding this meeting. The primary agenda item is the Arrangement Resolution, which intends to approve a strategic arrangement with Royal Gold.
The proposal outlines that for each Sandstorm share held, shareholders will receive 0.0625 shares of Royal Gold common stock, valuing the total arrangement at approximately $3.5 billion. This offer reflects a notable 21% premium over the 20-day volume-weighted average price of Sandstorm shares leading up to July 3, 2025. The deal is not without its implications, as it suggests a significant exchange of equity between both firms and a projected new ownership structure where Royal Gold shareholders would command 77% of the combined entity.
The Board's Stance
Sandstorm's board of directors has enthusiastically recommended that shareholders vote in favor of the Arrangement Resolution, backed by comprehensive evaluations from a special committee of independent directors. Their consensus is based on multiple factors that point towards the arrangement being in the best interest of both Sandstorm and its shareholders.
Among the board's highlighted benefits are:
1. Continued Growth: Shareholders maintain exposure to a robust portfolio focused on gold royalties and streams while also benefiting from enhanced scalability and diversification.
2. Valuation Improvement: The proposed arrangement aims to close the valuation gap between Sandstorm and similar companies within the sector, showcasing intrinsic value in Sandstorm’s existing portfolio.
3. Expanded Asset Base: A greater collective asset base may reduce reliance on high-risk developmental mines and offer institutional investors a cleaner, more substantial option in the gold market.
4. Liquidity: The combined entity is expected to provide better access to capital markets owing to increased trading liquidity alongside higher trading volumes and enhanced market presence.
Voting Process
It’s paramount for shareholders to participate in this significant decision-making process, regardless of the number of shares owned. Voting can be conducted easily through various channels:
- - Online: Registered shareholders can cast their votes at www.investorvote.com while non-registered shareholders can vote at www.proxyvote.com.
- - Phone: A toll-free telephone voting service is available, allowing shareholders to vote directly via specific lines based on the information provided on their voting instruction forms.
- - Mail: There are also provisions for mail-in voting, ensuring all shareholders have multiple options for participation.
Conclusion
The upcoming special meeting represents a crucial juncture for Sandstorm Gold as it meets the demands of its shareholders while pursuing an ambitious growth strategy through its proposed transaction with Royal Gold. The integration of both companies is anticipated to unlock enhanced value for shareholders, creating a larger footprint in the royalty and streaming landscape. As the date approaches, shareholders are encouraged to reflect on the implications of the arrangement thoroughly and to voice their opinions through their votes before the deadline on October 7, 2025. For more information about the arrangement and voting procedures, shareholders can visit Sandstorm's official website or contact the company's proxy solicitation agent for assistance.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.