Osisko Gold Royalties Ltd. is pleased to congratulate Osisko Mining Inc. on the highest-grade drill result to date at its Windfall gold project . Today, Osisko Mining announced1 a diamond drill intercept grading 13,634 grams per tonne over 2.0 meters, including 90,700 grams per tonne over 0.3 meters, from the infill definition drill program at Windfall’s Lynx zone. Sean Roosen, Executive Chair and Sandeep Singh, President [...]
Osisko Gold Royalties and Osisko Development are pleased to announce the successful launch of Osisko Development with the objective of becoming the next mid-tier gold producer. The common shares of Osisko Development will begin trading on the TSX Venture Exchange on or about December 2, 2020 under the symbol "ODV". Closing of RTO Earlier today Osisko Royalties and Osisko Development completed their previously announced [...]
Osisko Gold Royalties Ltd. and Barolo Ventures Corp. are pleased to provide certain updates relating to their previously-announced spin-out transaction, further to their joint news releases dated October 5, 2020, October 28, 2020 and October 29, 2020, which will result in a "Reverse Take-Over" of Barolo under the policies of the TSXV. In this news release, references to the "Resulting Issuer" or "Osisko Development" are [...]
Osisko Gold Royalties Ltd. is pleased to announce a fourth quarter 2020 dividend of C$0.05 per common share. The dividend will be paid on January 15, 2021 to shareholders of record as of the close of business on December 31, 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 December 31, 2020. This dividend is an [...]
Osisko Gold Royalties Ltd. today announced its consolidated financial results for the third quarter of 2020. Highlights Record revenues from royalties and streams of $41.2 million; Record cash flows from operating activities of $36.1 million ; $31.7 million before changes in non-cash working capital items; Record cash operating margin1 of 96.4% from royalty and stream interests, generating $39.7 million in operating cash [...]
Osisko Gold Royalties and Barolo Ventures are pleased to announce, further to their joint news releases dated October 5, 2020 and October 28, 2020 relating to the "Reverse Take-Over" of Barolo under the policies of the TSX Venture Exchange, the closing of the previously-announced "bought deal" private placement offering of 13,350,000 subscription receipts of Osisko Development Holdings Inc. at a subscription price of CDN [...]
Osisko Gold Royalties and Barolo Ventures are pleased to provide certain corporate updates on their previously-announced spin-out transaction, further to their joint news release dated October 5, 2020, which will result in a "Reverse Take-Over" of Barolo under the policies of the TSX-V. In this news release, references to the "Resulting Issuer" or "Osisko Development" are to Barolo after the closing of the RTO. Execution [...]
Osisko Gold Royalties Ltd. is pleased to announce that it has received approximately 16,700 attributable gold equivalent ounces1 and recorded preliminary revenues2 of C$55.7 million during the three months ended September 30, 2020. Preliminary cost of sales, excluding depletion2, was C$15.2 million resulting in a cash operating margin3 of approximately C$40.5 million. Excluding offtakes, Osisko’s cash operating margin on [...]
Osisko Gold Royalties Ltd. today announced that the Lhtako Dene Nation and Barkerville Gold Mines Ltd. , its wholly owned subsidiary and future 100% subsidiary of Osisko Development Corp., have entered into a life-of-project agreement to facilitate the development of the Cariboo Gold Project . The Project Agreement achieves our common goal to provide Project-related opportunities and benefits for current and future [...]
Osisko Gold Royalties Ltd. is pleased to announce drilling results from the definition and expansion drill program at the Cariboo Gold Project in central British Columbia. Sean Roosen, Chair and CEO of Osisko, commented: “Since Osisko first got involved in the Cariboo project we have been firm believers in its potential scale and importance within the sector. Recent drill results continue to confirm our thesis that [...]
Osisko Gold Royalties Ltd. and Barolo Ventures Corp. are pleased to announce that they have entered into a binding letter agreement dated October 5, 2020 outlining the terms upon which Osisko Royalties will transfer certain mining properties, including the Cariboo Gold Project, and a portfolio of marketable securities valued at approximately CDN $116 million, to Barolo in exchange for common shares of Barolo , which will [...]
MONTR?AL, Sept. 14, 2020 -- Osisko Gold Royalties Ltd. is pleased to announce that, following a thorough review of operations and the establishment of a detailed restart plan, the Renard diamond mine, operated by Stornoway Diamonds Canada Inc. , will be restarting operations in September 2020. The detailed plan approved by the Board of Directors of Stornoway and its shareholders includes cost reductions of over $30M over [...]