Osisko Gold Royalties Ltd. is pleased to report the initiation of construction of a portal to access the underground resources at the Canadian Malartic Mine . Construction of the portal is expected to commence in August, and construction of the ramp is expected to commence in the fourth quarter. Sean Roosen, Chair and Chief Executive Officer of the Company declared: “We are extremely pleased to see the advancement [...]
Osisko Gold Royalties is pleased to announce that it has received approximately 12,300 attributable gold equivalent ounces1 and recorded preliminary revenues2 of C$40.8 million during the three months ended June 30, 2020. Preliminary cost of sales, excluding depletion2, was C$13.0 million resulting in a cash operating margin3 of approximately C$27.8 million. Excluding offtakes, Osisko’s cash operating margin on royalties [...]
Osisko Gold Royalties Ltd. announces today that it has subscribed for and received from Osisko Mining Inc., 4,054,000 units of Osisko Mining for a price of $3.65 per Unit by way of a bought deal private placement of Osisko Mining, for an aggregate subscription price of $14,797,100. Each Unit is comprised of one common share and one half of a share purchase warrant, each Warrant entitling the holder to purchase one common [...]
Osisko Gold Royalties announces that, at the annual meeting of shareholders held on June 22, 2020, each of the 9 nominees listed in the management information circular filed on May 20, 2020 with regulatory authorities were elected as directors of the Corporation. Election of Directors Based on the proxies received and the votes by ballot, the following individuals were elected as directors of the Corporation until the [...]
Osisko Gold Royalties is pleased to announce a second quarter 2020 dividend of C$0.05 per common share. The dividend will be paid on July 15, 2020 to shareholders of record as of the close of business on June 30, 2020. For shareholders residing in the United States, the U.S. dollar equivalent will be determined based on the daily rate published by the Bank of Canada on June 30, 2020. This dividend is an "eligible [...]
Osisko Gold Royalties today announced its consolidated financial results for the first quarter of 2020. Highlights Cash flows from operating activities of $23.8 million ; $27.9 million before changes in non-cash working capital items, an increase of 23%; Revenues from royalties and streams of $37.8 million, an increase of 13%; Earned 18,159 gold equivalent ounces1 ; Cash on hand of $158.3 million and up to $400.0 million [...]
Osisko Gold Royalties Ltd. is pleased to announce that it has completed an amendment to its 75% silver stream with respect to the Gibraltar copper mine , located in British Columbia, which is operated by a wholly-owned subsidiary of Taseko Mines Limited. Osisko and Taseko have amended the Silver Stream by reducing the price paid by Osisko for each ounce of refined silver from USD $2.75 to nil in exchange for cash [...]
Osisko Gold Royalties Ltd. announces that its Annual Information Form, Consolidated Annual Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2019 have been filed with Canadian securities regulatory authorities. Osisko has also filed its Annual Report on Form 40-F for the year ended December 31, 2019 with the U.S. Securities and Exchange Commission. Copies of these documents may [...]
Osisko Gold Royalties Ltd. announces today that the Qu?bec Government has made the decision to classify mining activities as an essential service. Following the Government’s decision, the operators of the Canadian Malartic and the Lamaque mines announced that a phased resumption of their respective activities will begin on April 15, 2020. Stornoway, the Renard diamond mine operator, has decided to keep the mine on care [...]
Osisko Gold Royalties Ltd. today announced that The Hon. John Baird has been appointed to its Board of Directors. Mr. Sean Roosen, Chair of the Board of Directors and Chief Executive Officer stated, "We are pleased that Mr. Baird has agreed to join the Board of Osisko. In our discussions with John, we have been excited to have his insights on global affairs and interactions with government, an ideal complement to the top [...]
Osisko Gold Royalties Ltd. is pleased to announce, further to its press release dated March 30th 2020, that the Company has completed a private placement of 7,727,273 common shares at a price of $11.00 per Common Share for total gross proceeds of $85,000,003 with Investissement Québec. The net proceeds from the Private Placement will be used for general working capital purposes. The Common Shares issued under the Private [...]
Osisko Gold Royalties Ltd. is pleased to announce that it has entered into an agreement with Investissement Québec, a well known Québec institution and long-term supporter of Osisko, for a non-brokered private placement of 7,727,273 common shares of the Company at a price of $11.00 per Common Share . After the closing of the Private Placement, Investissement Québec will hold 5.04% of the issued and outstanding shares of [...]