https://www.miningweekly.com

Osisko Gold Royalties sells Osisko Mining shares for C$132m

14th December 2023

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Dual-listed Osisko Gold Royalties has sold its entire equity position in Osisko Mining for C$132-million, the company announced on Wednesday.

The sale not only reaffirmed Osisko’s commitment to aligning itself as a pure-play precious metals royalty and streaming company, but also bolstered its financial position, said interim CEO Paul Martin.

“We remain extremely enthusiastic about our ongoing partnership with both Osisko Mining and Gold Fields at Windfall; a fully funded, high-grade gold project, situated in the province of Quebec,” he added.

Osisko maintains its exposure to Windfall through its 2% to 3% net smelter return royalty on the project and the surrounding property.

Osisko sold 50 023 569 common shares of Osisko Mining pursuant to a bought block trade with National Bank Financial and BMO Capital Markets.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION