Royal Gold is looking to acquire Sandstorm Gold (Sandstorm) and Horizon Copper for approximately $5 billion.
The Denver-based mining company will spend more than $4.5 billion on Sandstorm, while the remaining money will go towards Horizon Copper.
“Upon completion of both the Sandstorm Transaction and the Horizon Transaction…Royal Gold will continue under the name ‘Royal Gold, Inc.’ and will host a robust precious metals streaming and royalty portfolio with industry-leading diversification and growth profile,” a joint news release reads.
Currently, Royal Gold expects its acquisition of both Vancouver-based companies to be complete in the fourth quarter of 2025.
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In Canada, the “seller” of the business is responsible for providing proper compensation to employees who lose their job.
If you receive a new employment contract from Royal Gold following the acquisition and you have a good reason for why you don’t want to accept it (i.e. different hours or pay), contact an experienced employment lawyer at Samfiru Tumarkin LLP. We can help you secure the severance pay you’re owed.
Even without a good reason you can still get severance. However, it’s...
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