Osisko Announces Gibraltar Silver Stream Amendment
Osisko Gold Royalties Ltd Common Shares (OR)
Last osisko gold royalties ltd common shares earnings: 2/19 06:00 pm
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osiskogr.com/en/investors
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Source: GlobeNewswire
MONTREAL, April 29, 2020 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko”) (OR: TSX & NYSE) is pleased to announce that it has completed an amendment to its 75% silver stream (the “Silver Stream”) with respect to the Gibraltar copper mine (“Gibraltar”), located in British Columbia, Canada, which is operated by a wholly-owned subsidiary of Taseko Mines Limited (“Taseko”). 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 consideration of CAD $8.5 million to Taseko. Sean Roosen, Chair and CEO of Osisko commented: “We are pleased to announce this transaction further improving one of our high-quality Canadian precious metal assets while also continuing our strong partnership with Taseko. Our agreement with Taseko increases Osisko’s operating margin on the Silver Stream to 100% from 80% while providing Taseko with general working capital support contributing to its
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