| |

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

Similar Posts

  • /

    Gold prices extend gains

    ByVictoria
    0 Comments

    Spot gold was up 1.3% at $3,122.02 an ounce at 1129 GMT, after its biggest daily gain since October 2023 on Wednesday. U.S. gold futures were up 1.9% at $3,137.80.

    “We’re just living in a world of extreme uncertainty. We just don’t really know which way this trade war is going to go … I think for the course of this year, gold will march higher,” said Nitesh Shah, commodities strategist at WisdomTree.

    Spot silver fell 0.6% to $30.85 an ounce, platinum lost 0.4% to $933.55, and palladium was down 1.7% at $915.68.

    Source – Reuters

  • /

    Central banks will keep gold shining

    ByVictoria
    0 Comments

    “While traditionally inflation and real yields have been the main drivers of gold prices, recently central bank buying has emerged as the primary catalyst behind the current gold price increase,” according to a recent research note by Bank of America’s Global Commodity Research’s Franciso Blanch and Irina Shaorshadze.

    George Milling-Stanley, chief gold strategist at State Street Global Advisors, also believes central-bank buying will keep gold humming this year, but he also sees two additional drivers. 

    Source – Fox Business

  • Man denies knowing gold was from stolen £4.8m toilet

    ByVictoria
    0 Comments

    A man has denied knowing gold he was trying to help someone sell came from a golden toilet stolen at Blenheim Palace.

    Fred Doe admitted putting James Sheen, who has previously pleaded guilty to stealing the toilet, in touch with gold dealer Bora Guccuk but said he would “never in a million years” have dealt with him if he had known it was stolen.

    Mr Jones, 39, from Oxford, Mr Doe, previously known as Frederick Sines, 36, from Windsor, and 41-year-old Mr Guccuk, from west London, have all pleaded not guilty to the charges they face.

    Source – BBC

    The trial is still ongoing. Wow! And the “jurors heard the toilet was most likely broken up and has never been recovered.” How will they prosecute these thieves? Will they get prosecuted? Do they have enough evidence? So many questions! I’ll keep this updated. – V.

  • /

    Barrick Gold signs new agreement with Mali’s government

    ByVictoria
    0 Comments

    Barrick Gold (NYSE:GOLD) +3.2% in Wednesday’s trading to its highest in more than two months following a Reuters report that the miner has signed a new agreement with Mali’s government, which would end the dispute over the company’s mining assets in the country.

    As part of the new deal, Barrick (GOLD) reportedly will pay 275B CFA francs, or $438M, to the government in return for the release of detained employees and seized gold, allowing for the restart of operations at the Loulo-Gounkoto mine.

    Source – Seeking Alpha / Reuters

  • / /

    Florida gold and silver tender

    ByVictoria
    0 Comments

    Update to Gold and Silver Specie as Legal Tender

    Source – www.flsenate.gov

    Effective day : 7/1/2025

    Is this going to happen? Is this bill passed and will be in affect July? If anyone know please comment as I cannot find much info on this except that this was posted 4 days ago. -V.