Royal Gold Takes Over Sandstorm Mergers in PMs About to Begin - StockChartOfTheDay
- Jul 7
- 1 min read
Royal Gold Acquires Sandstorm Gold
Royal Gold (RGLD.O) announced on Monday its plan to acquire Canadian peer Sandstorm Gold (SSL.TO) for approximately $3.5 billion. This acquisition aims to strengthen Royal Gold's position in North America as gold prices reach record highs.
Market Reactions
Sandstorm shares increased by 6.4% following the announcement.
Royal Gold's stock experienced a decline of 7.6% in afternoon trading.
Comments