Reported about 12 hours ago
Royal Gold's shares fell over 6% as the company announced two acquisitions totaling approximately $3.7 billion, including Sandstorm Gold for $3.5 billion in stock and Horizon Copper for $196 million in cash. Despite the stock drop, Royal Gold anticipates 'immediate and meaningful revenue growth' from these deals, aimed at enhancing its portfolio of precious metals assets.
Source: YAHOO