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Sandstorm Gold buys two royalty firms for $1.1 billion

Posted by ipso facto @ 10:46 on May 2, 2022  

Canada’s Sandstorm Gold (NYSE, TSX: SAND) is growing in scale and size with the acquisitions of one royalty company and an extensive package from another for a combined total of $1.1 billion.

The company said on Monday it had agreed to buy Nomad Royalty in an all-share transaction valued at $590 million (C$755m) and agreed to acquire nine royalties and one stream from BaseCore Metals for $525 million in cash and stock.

Sandstorm Gold buys two royalty firms for $1.1 billion

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.