Competition Commission approves Sandstorm takeover of Nomad Royalty
The Competition Commission has approved TSX-listed financing firm Sandstorm Royalties’ proposed acquisition of fellow-listed Nomad Royalty Company.
Sandstorm is active as a custom financing firm to global gold, silver and copper mining companies through royalty and stream metal purchase agreements.
Sandstorm has a portfolio of 239 mining assets, including 29 producing mines in North America, South America, Africa, Asia and Australia.
In South Africa, Sandstorm has three mining assets, with one being a producing asset.
Nomad is controlled by Orion Finance Fund II, with institutional investors and public shareholders holding minority shares.
In turn, Nomad controls five firms globally, which altogether form a custom financing firm to global gold and silver mining companies through stream and royalty agreements.
The group’s portfolio comprises 22 royalty, stream and other assets, of which eight are producing mines. In South Africa, the group has one producing asset – Blyvoor – and one non-producing stream mining asset.
Sandstorm earlier this year announced the intended acquisition of Nomad to fortify its focus on gold, silver and copper exposure. The company will buy the issued and outstanding shares of Nomad for an implied equity value of about $590-million.
Nomad’s portfolio comprises 91% precious metals and nearly 50% producing assets.
Upon completion, Nomad shareholders will maintain meaningful ownership in Sandstorm’s portfolio of assets, holding 28% of the company.
Shareholders of Nomad will receive 1.21 common shares for each Nomad share held, implying a value of about C$11.57 a Nomad share.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...
VISIT SHOWROOM
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
