Sandstorm Gold completed the acquisition of Nomad Royalty and BaseCore Metals royalty package for $1.1bn.

Sandstorm Gold, a provider of financing to companies engaged in gold mining, completed the acquisition of Nomad Royalty, a gold & silver royalty company, for $590m and nine royalties and one stream from BaseCore Metals, an operator of an asset investment vehicle, for $525m. "These transactions mark the next step in the strategic growth plans for Sandstorm. Today's announcement propels the Company forward in both size and scale while solidifying Sandstorm's position amongst its peers as the highest-growth streaming and royalty company. We believe that precious metals and copper are poised to materially outperform the market in the coming years, and we are excited to provide investors with exposure to long-life, high quality, and low-cost assets focused on gold, silver and copper," Nolan Watson, Sandstorm Gold President & CEO.