Royal Gold Inc. has announced its acquisition of a gold stream on the Kansanshi copper-gold mine for US$1 billion, a move acknowledged and supported by Sandstorm Gold Ltd. This acquisition is part of a definitive arrangement agreement where Royal Gold will acquire all the issued and outstanding common shares of Sandstorm in an all-share transaction. This transaction is expected to enhance the combined portfolio, with the Kansanshi gold stream anticipated to contribute approximately 35,000 to 40,000 ounces per year over the next decade. Royal Gold will fund the acquisition using available cash and its revolving credit facility without issuing new shares.