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YT HL Royal Gold Sparks Royalty M&A Momentum with US$3.5B Sandstorm Deal The royalty and streaming sector surged into the spotlight this week as Royal Gold announced its $3.5 billion acquisition of Sandstorm Gold Royalties, a landmark deal signaling continued consolidation in the precious metals financing space Exploration Insights editor Joe Mazumdar told Kitco Mining's Digging Deep With the purchase, Royal Gold solidifies its position as the third-largest player in the sector, trailing only Franco-Nevada and Wheaton Precious Metals. “Sandstorm had reached a plateau,” Mazumder noted. “Their growth trajectory stalled, making them more of a target than an acquirer. Royal Gold’s low cost of capital enabled them to act decisively.” Consolidation Strategy in a Bullish Market The acquisition follows Triple Flag Precious Metals' recent purchase of Orogen Royalties’ 1% NSR on the Silicon-Merlin gold deposit in Nvada, USA, indicating a broader trend of M&A among royalty firms looking to secure future cash flow streams. Mazumdar also spoke about the surge in investment in Gold ETFs, and the shock following US President Donald Trump announcing the possibility of 50% tariffs on the import of copper into the US. __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - / kitcomining LinkedIn - / kitco-mining Facebook - / kitcomining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.