Tuesday, June 6, 2017

Osisko Gold Royalties Ltd - OR.t

Osisko Gold Royalties Ltd - OR.t focus is as a mining royalty and exploration company whose cornerstone assets are a 5% NSR royalty on the Canadian Malartic Gold Mine, located in Malartic, Quebec and a sliding scale 2.0% – 3.5% NSR royalty on the Éléonore mine.

The Company also holds a 2% NSR royalty on the Upper Beaver, Kirkland Lake and Hammond Reef gold exploration projects in Northern Ontario.

On June 5, 2017 the company released News

Osisko Gold Royalties Ltd. has entered into a definitive agreement with Orion Mine Finance Group to acquire a high-quality precious metals portfolio of assets consisting of 74 royalties, streams and precious metal offtakes for total consideration of $1,125-million, creating a growth-oriented, world-class and gold-focused royalty and streaming company.

The combination of Osisko and Orion's portfolios will result in the company holding a total of 131 royalties and streams, including 16 revenue-generating assets. The company's cornerstone asset remains the 5-per-cent net smelter return royalty on the world-class and long-life Canadian Malartic gold mine