Friday, June 13, 2025

Latest

Equinox Gold To Monetize Assets Via Royalty Venture With Sandstorm Gold

Equinox Gold (TSX: EQX) is evidently looking to further monetize its assets, alongside that of Sandstorm Gold (TSX: SSL). The duo this morning announced that they would jointly launch Sandbox Royalties, a new royalty company that is presently referred to as Rosedale Resources.

The arrangement will see the two producers sell a portfolio of royalties to the new corporation. Equinox Gold is set to sell a number of royalties in exchange for $28.4 million in common shares of Rosedale, while Sandstorm is to sell $65 million worth of royalties to the new firm. Sandstorms portion will consist of $32.1 million in common shares, and $32.9 million via a promissory note that is convertible into common shares.

“Equinox Gold has surfaced tremendous value as a significant and supportive shareholder of Solaris Resources and i-80 Gold, our previous spin-out companies, and intends to continue that track record with Sandbox Royalties,” said Equinox CEO Christian Milau.

Collectively, Rosedale is to hold a total of 23 royalty assets, of which nine are to come from Sandstorm, and four are to come from Equinox, with one asset, Cuiu Cuiu, to overlap between the two firms. Rosedale’s current portfolio will make up the remainder of the royalty assets.

Upon the closing of the asset acquisition, Rosedale will look to go public via a Canadian exchange and conduct a non-brokered private placement at a price of $0.70 per share, for proceeds of at least $5.0 million. Pre-financing, Equinox will own a 30% stake in the firm.

Greg Smith, current president of Equinox Gold, will transition to the role of CEO of Sandstorm, while Marcel de Groot will serve as Chair of the board.

Equinox Gold last traded at $7.58 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Aznalcóllar Corruption Case Nears Conclusion | David Gower – Emerita Resources

Why Precious Metals Crashed on Trump’s Trade Deals? | Jesse Day

Big Gold Miners Don’t Trust $3,300 Gold, Do They See a Crash Ahead? | Rob McEwen

Recommended

NexGen Energy Receives Approval For Site Expansion At Rook I Project

ESGold Sees Installation Of Humphrey Spirals Completed At Montauban

Related News

Equinox Gold Suspends Operations At Los Filos Mine

Equinox Gold (TSX: EQX) has suspended operations at its Los Filos Mine in Mexico after...

Tuesday, April 1, 2025, 09:19:52 AM

Equinox Gold: BMO Reiterates $14.50 Price Target After Production Results

On January 13th, Equinox Gold (TSX: EQX) reported their fourth quarter and full-year 2021 production...

Monday, January 17, 2022, 04:21:00 PM

Gold Price Disconnect: Physical Demand vs. Paper Markets

At the Rule Symposium in Boca Raton, Florida, Nolan Watson, President & CEO of Sandstorm...

Thursday, July 11, 2024, 08:27:00 AM

Equinox Gold: Canaccord Reiterates Buy Rating, $12 Price Target

Early this month, Equinox Gold Corp. (TSX: EQX) reported its third quarter financial results. The...

Tuesday, November 23, 2021, 02:48:00 PM

Sandstorm Gold Monetizes Assets For $21 Million Cash, Royalty Retention

Sandstorm Gold (TSX: SSL) has monetized several non-precious metals assets in an effort to deleverage...

Friday, May 3, 2024, 09:18:57 AM