- Business
- Sandstorm Gold Ltd. (TSX: SSL; NYSE: SAND) operates as a precious metals-focused streaming and royalty company that provides upfront financing to mining companies in exchange for royalties, primarily net smelter returns (NSRs), and streams on gold, silver, and other metals production from advanced development projects and operating mines. The company acquires gold streams and royalties on assets including Chapada (copper-gold, Brazil), Caserones (copper-moly, Chile), Antamina (copper-zinc, Peru), Houndé (gold, Burkina Faso), Santa Elena (gold-silver, Mexico), Greenstone (gold, Canada), Fruta del Norte (gold-silver, Ecuador), Platreef (PGM-gold, South Africa), Hod Maden (gold-copper, Turkey), Great Bear (gold, Canada), and Warintza (copper-gold, Ecuador); it also holds diversified interests in silver, copper, and other base metal streams such as Cerro Moro (Argentina), Mercedes (Mexico), Karma (Burkina Faso), Blyvoor (South Africa), and Vale royalties (Brazil). Sandstorm serves mining operators worldwide, with attributable production drawn from operations across the Americas (Canada, United States, Mexico, Ecuador, Peru, Brazil, Chile), Africa (Burkina Faso, South Africa), and other regions including Fiji and Turkey. Founded in 2007 and headquartered in Vancouver, British Columbia, Canada, the company maintains a portfolio of over 250 royalties and streams, emphasizing low-cost, long-life assets in the precious and base metals sectors. In a transformative development, Royal Gold Inc. completed its acquisition of Sandstorm Gold Ltd. and Horizon Copper Corp. on October 20, 2025, in an all-share transaction valued at approximately US$3.5 billion, creating one of the world's largest and most diversified gold-focused royalty companies with enhanced scale, liquidity, and growth prospects.