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Stock impact report

Osisko Announces Sale of Brucejack Offtake to Pretium

Osisko Gold Royalties Ltd Common Shares (OR) 
Last osisko gold royalties ltd common shares earnings: 2/19 06:00 pm Check Earnings Report
US:NYSE Investor Relations: osiskogr.com/en/investors
Company Research Source: GlobeNewswire
MONTRÉAL, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko”) (OR: TSX & NYSE) announces today that Osisko Bermuda Limited (“OBL”), a wholly owned subsidiary of Osisko, has entered into an agreement with Pretium Exploration Inc., a subsidiary of Pretium Resources Inc. (collectively “Pretium”) in regards to the sale of OBL’s interest in the Brucejack gold offtake contract (the “Offtake Agreement”) for a cash purchase price of US$41.3 million (the “Purchase Price”) (the “Sale”). Sean Roosen, Chair of the Board and CEO of Osisko stated: “The sale of Osisko’s offtake contract on the Brucejack mine will result in the elimination of a low margin offtake contract and allow better utilization of our working capital. Since acquiring the Orion portfolio in 2017, we now have received approximately US$164.3 million from Pretium, including proceeds from the buyback of the stream and sale of the offtake as well as cash margins to date from the offtake, compared to a book val Show less Read more
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