Osisko Gold Royalties Ltd. is pleased to report its results for the fourth quarter and full year 2017 and provide 2018 guidance. Amounts are in Canadian dollars unless otherwise noted. Sean Roosen, Chair of the Board and Chief Executive Officer, commenting on the 2017 performance: "2017 has been a transformational year for Osisko with the acquisition of the Orion portfolio, which was a significant step forward for our [...]
Osisko Gold Royalties announces that, pursuant to the terms of a share purchase agreement entered into with Alamos Gold on February 16, 2018, Osisko has acquired direct ownership of 25,300,000 common shares of Corex Gold at a price of $0.13 per common share. Immediately prior to the closing of the Transaction, Osisko did not have beneficial ownership of, or control and direction over, any common shares of Corex Gold [...]
Osisko Gold Royalties announces that it has subscribed for and received from Algold Resources 14,285,714 units of Algold at a price of $0.14 per unit by way of a private placement of Algold, for an aggregate subscription price of $1,999,999.96. Each Unit is comprised of one common share of Algold and one common share purchase warrant of Algold entitling the holder thereof to purchase one additional common share of Algold [...]
Osisko Gold Royalties Ltd. announces that its fourth quarter and full year 2017 results will be released before market on Tuesday, February 20, 2018 followed by a conference call the same day, February 20, 2018 at 11:00 am EDT. Q4 and Full Year 2017 Results Conference Call Information Those interested in participating in the conference call should dial in at 1- 788-4922 , or 1- 223-4471 . An operator will direct [...]
Osisko Gold Royalties Ltd. is pleased to announce its preliminary 2017 gold equivalent ounces 1. Record Gold Equivalent Ounces Earned in 2017 The Company's portfolio of royalties, streams and other interests delivered a record number of GEOs during the fourth quarter and for 2017. The Company received 58,933 GEOs in 2017, an increase of 54% compared to the 2016 results. The GEOs earned in the fourth quarter totaled 20,990 [...]
Osisko Gold Royalties Ltd. is pleased to provide an update on its investment portfolio. The Company reports that it has delivered its shares of AuRico Metals Inc. to Centerra Gold Inc. for a $1.80 cash consideration per share and for proceeds of $25.5 million, generating a gain for Osisko of $15.5 million, based on the cash cost of the shares. The Company thus realized a 155%1 return on its investment. Sean Roosen, Chair [...]
Osisko Gold Royalties Ltd. today announces that the Toronto Stock Exchange has approved the Corporation's notice of intention to make a normal course issuer bid. Under the terms of the NCIB Program, Osisko may acquire up to 10,567,441 of its common shares from time to time in accordance with the normal course issuer bid procedures of the TSX. Any repurchases under the NCIB Program will be made in Canada through the [...]
Osisko Gold Royalties Ltd. today announces its intention to renew its normal course issuer bid to purchase for cancellation, from time to time over a 12-month period, common shares of the Corporation listed on the Toronto Stock Exchange in an aggregate amount of up to 10% of the public float of the Corporation. The commencement of the NCIB Program is subject to TSX approval. Any repurchases under the NCIB Program will be [...]
Osisko Gold Royalties announces that it has filed an early warning report in respect of its holdings in Aquila Resources. On November 10, 2017, Osisko Bermuda Limited, a wholly-owned subsidiary of Osisko Royalties, acquired, by way of a non-brokered private placement of Aquila, beneficial ownership of, or control or direction over, 49,173,076 units of Aquila at a purchase price of C$0.26 per Unit, representing an [...]
Osisko Gold Royalties Ltd. is pleased to announce that it has amended its revolving credit facility , increasing the amount from $150 million to $350 million, with an additional uncommitted accordion of up to $100 million, for a total availability of up to $450 million. The Facility is to be used for general corporate purposes and investments in the mineral industry, including the acquisition of royalties, streams and [...]
Osisko Gold Royalties Ltd. is pleased to announce that its wholly-owned subsidiary, Osisko Bermuda Limited has agreed to acquire a gold stream with reference to the future gold produced from the Back Forty property located in Michigan, USA from Aquila Resources Inc. . OBL will make a staged upfront cash deposit to Aquila of up to US$55 million for the Gold Stream, and will make ongoing payments equal to 30% of the spot [...]
Osisko Gold Royalties Ltd. is pleased to declare a fourth quarter 2017 dividend of C$0.05 per common share. The dividend will be paid on January 15, 2018 to shareholders of record as of the close of business on December 29, 2017. 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 December 29, 2017. This dividend is an [...]