ACQUISITION OF SANDSTORM GOLD AND HORIZON COPPER (Tables)

6 Months Ended

Jun. 30, 2026

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 (in thousands) as follows:


	Initial purchase price allocation		Measurement period adjustments		Current purchase price allocation

Cash	$	60,024	$	—	$	60,024
Royalty receivables	35,374		—		35,374
Income tax receivable	1,232		—		1,232
Prepaid expenses and other	1,170		—		1,170
Stream and royalty interests	4,561,177		120,048		4,681,225
Equity method investment	292,089		(154,627)		137,462
Marketable securities	380,269		—		380,269
Other assets	57,125		—		57,125
Accounts payable	(51,913)		426		(51,487)
Other current liabilities	(28,932)		—		(28,932)
Deferred tax liabilities	(1,076,909)		34,153		(1,042,756)
Other liabilities	(43,754)		—		(43,754)
Non-controlling interests	(38,797)		—		(38,797)
Total allocated purchase price	$	4,148,155	$	—	$	4,148,155