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Royal Gold aquired Sanstorm Gold

ByVictoria

Sandstorm Gold (NYSE:SAND) +9.5% pre-market Monday after saying Royal Gold (NASDAQ:RGLD) agreed to acquire the company in an all-stock transaction with an implied value of ~$3.5B.

Under the deal terms, Sandstorm (NYSE:SAND) shareholders will receive 0.0625 of a share of Royal Gold (NASDAQ:RGLD) common stock for each Sandstorm share held, a 17% premium to Sandstorm’s closing price on July 3; upon closing, existing Royal Gold and Sandstorm shareholders will own ~77% and 23%, of Royal Gold’s issued and outstanding shares on a fully diluted basis.

Source – Seeking Alpha

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    ByVictoria
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    The U.S. is expected to implement a 50% tariff on copper imports at the end of the week, but what happens next is anyone’s guess as talk of an exemption for Chile, the biggest U.S. supplier of the metal, and a potential U.S. and European “metal alliance” heats up.

    “There remains uncertainty over country-based exemptions and a general sense of tariff fatigue,” wrote Natalie Scott-Gray, senior metals demand analyst at StoneX, in a note Tuesday. The European Union, meanwhile, looks to get a break when it comes to U.S. tariffs on steel, aluminum and copper.

    President Donald Trump’s announcement on July 8 of the coming tariff had led to a 13% spike in copper prices that day, to settle at $5.6855 a pound, a record-high finish at that time, based on data going back to 1968, according to Dow Jones Market Data.

    Scott-Gray said that when it comes to a potential country-based tariff exemption, Chile is “singled out,” not just because of Marcel’s comments and ongoing negotiations this week, but because the U.S. is reliant on Chile’s imports and the fact that the U.S. holds a trade surplus with Chile, she said.

    Source – Market Watch

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    ByVictoria
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    A landslide at an informal gold mine in the Democratic Republic of Congo where thousands of people were working has left an unknown number of people trapped underground since Sunday.

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    Trump singles out copper as a focus of his domestic minerals policy

    ByVictoria
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    President Donald Trump is taking a step toward granting the U.S. mining industry’s biggest wishes by singling out one metal as a focus of his domestic minerals policy: copper.

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    Source – The Associated Press

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    ByVictoria
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    A surge in rates to borrow the precious metal has become the latest sign of alarm, with anxiety building over the impact of further tariffs from US President Donald Trump. That’s sparked a dash to ship silver into the US in a bid to capture premium prices in New York, possibly causing a squeeze in London.

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    South African rand raises

    ByVictoria
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    The South African rand strengthened on Tuesday, helped by the gold price extending its historic run to a new all-time peak.

    At 0814 GMT, the rand traded at 18.0175 against the dollar , about 0.4% stronger than its previous close.

    “At some point a gold price that continues to rise will excite local miners to make a greater effort to mine difficult-to-reach gold deposits. What may not have looked viable several years ago must be looking interesting now,” said ETM Analytics in a research note.

    Source – Reuters

    South African rand – is the official currency of South Africa. 1 South African Rand is $0.055 USD.