Royal Gold Nears Landmark Acquisition Votes That Could Reshape Precious Metals Sector

Royal Gold is approaching a pivotal shareholder vote that could trigger the most significant transformation in the company’s history. The specialized gold streaming firm has set October 9, 2025, as the date for investors to decide on two major acquisitions valued collectively at nearly $3.7 billion.

Shareholders will cast votes on the proposed $3.5 billion takeover of Sandstorm Gold alongside a separate $196 million acquisition of Horizon Copper. The combined transactions would substantially expand Royal Gold’s scale and diversify its portfolio of streaming and royalty assets.

Transaction Details and Shareholder Impact

Under the terms presented to Sandstorm Gold investors, each share would be exchanged for 0.0625 shares of Royal Gold stock. Should both deals receive approval, current Royal Gold shareholders would maintain approximately 77 percent ownership of the enlarged entity. This consolidation would significantly strengthen the company’s position within the precious metals industry.

The strategic expansion comes during a favorable period for gold markets. Prices recently reached unprecedented levels, climbing to $3,565 per ounce amid a weaker U.S. dollar and growing anticipation of interest rate cuts by the Federal Reserve.

Should investors sell immediately? Or is it worth buying Royal Gold?

Strategic Benefits and Market Position

The Sandstorm acquisition alone promises immediate benefits for Royal Gold’s financial metrics. The company anticipates a substantial boost to its net asset value and projects production growth of approximately 26 percent for 2025, even before incorporating contributions from Horizon Copper. These moves would cement Royal Gold’s status as a leading North American precious metals streaming and royalty company.

While regulatory approvals have already been secured in Canada and South Africa, clearance under Canada’s Investment Canada Act remains pending. The ultimate success of both transactions hinges on receiving shareholder approval from all involved companies.

Market response appears positive thus far, with Royal Gold shares trading well above key moving averages. Investors seem to be recognizing the potential value creation, though the final verdict will only arrive with October’s shareholder decisions. The outcomes will determine whether Royal Gold emerges as a new powerhouse in the precious metals sector.