Royal Gold Closes Sandstorm and Horizon Streaming Deals, Doubles Growth Pipeline
Royal Gold completed streaming deals with Sandstorm Resources and Horizon Minerals, doubling its growth pipeline for its royalty portfolio. CEO said the expanded pipeline positions the company to capture increased royalty income from new mining projects.
1. Streaming Agreements with Sandstorm and Horizon
Royal Gold finalized streaming agreements with Sandstorm Resources and Horizon Minerals, exchanging up-front payments for future royalty streams on upcoming mine production. These contracts enhance the company’s exposure to new assets and diversify its existing royalty portfolio across multiple jurisdictions.
2. Pipeline Growth and Future Outlook
CEO highlighted that these transactions have doubled Royal Gold’s growth pipeline of prospective royalty opportunities to a record level. Management expects the enlarged pipeline to drive incremental royalty revenue beginning in upcoming fiscal years as referenced projects advance toward production.