ACQUISITION OF SANDSTORM GOLD AND HORIZON COPPER (Tables)

3 Months Ended

Mar. 31, 2026

Business Combination [Abstract]

Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed

The total purchase price of $4.148 billion has been allocated to the net assets acquired based on their respective fair values as follows:

	(in thousands)
Cash	$	60,024
Royalty receivables	35,374
Income tax receivable	1,232
Prepaid expenses and other	1,170
Stream and royalty interests	4,561,177
Equity method investment	292,089
Marketable securities	380,269
Other assets	57,125
Accounts payable	(51,913)
Other current liabilities	(28,932)
Deferred tax liabilities	(1,076,909)
Other liabilities	(43,754)
Non-controlling interests	(38,797)
Total allocated purchase price	$	4,148,155