Osisko Expands Silver Stream and Secures Dalgaranga Royalties
An announcement from Osisko Gold Royalties ( (TSE:OR) ) is now available.
Osisko Gold Royalties Ltd has increased its silver stream interest at the Gibraltar copper mine in British Columbia to 100%, following an amendment with Taseko Mines Limited, for an additional deposit of US$12.7 million. This strategic move aligns with Osisko’s focus on enhancing cash flow from long-life assets in top-tier mining jurisdictions. Additionally, Osisko has closed its acquisition of a 1.8% gross revenue royalty on the Dalgaranga Gold project in Western Australia for US$44 million, along with an exploration royalty in the region for US$6 million. These transactions are expected to bolster Osisko’s revenue streams and solidify its market position.
More about Osisko Gold Royalties
Osisko Gold Royalties Ltd is an intermediate precious metal royalty company with a North American focused portfolio of over 185 royalties, streams, and precious metal offtakes, including 21 producing assets. Its portfolio is anchored by a 5% net smelter return royalty on the Canadian Malartic Complex, one of Canada’s largest gold mines.
YTD Price Performance: 29.18%
Average Trading Volume: 621,264
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.4B
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