Reported 1 day ago
Sandstorm Gold Ltd. (NYSE:SAND) has expressed its backing for Royal Gold Inc.'s (NASDAQ:RGLD) $1 billion acquisition of a gold stream from the Kansanshi copper-gold mine in Zambia. This acquisition, which was anticipated in Sandstorm's prior agreement with Royal Gold, aims to provide significant cash flow starting with an estimated 12,500 ounces of gold in 2025. The arrangement is beneficial for Sandstorm's shareholders, especially as Royal Gold plans to fund this deal through existing cash and credit facilities.
Source: YAHOO