Sandstorm Gold divides and conquers gold royalty world with Premier acquisition
Sandstorm Gold takes majority control of Premier Royalty in a couple transactions worth about C$90 million.
Sandstorm Gold’s acquisition of a majority stake in Premier Royalty - completed in two transactions over the past couple days for about C$90 million, mostly in shares - is largely about time management in a bid to garner a greater share of the royalty and streaming market including both smaller and larger deals.
In describing Sandstorm Gold’s rationale in buying 59.9 percent of Premier Royalty, Denver Harris, aSandstorm Gold spokesperson, said in an interview on Wednesday that it was fair to describe the acquistion as a means for Sandstorm to divide and conquer a wider spectrum of royalties and gold streams.
“We want to maintain our exposure to the smaller end of the royalty and streaming deals,” Harris said.
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