Osisko Highlights Achievements from 2019

ID: 1555123
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(PresseBox) - Osisko Gold Royalties Ltd (?Osisko? or the ?Company?) (TSX & NYSE:e royalty and streaming sector.

Horne 5 Silver Stream: On February 27, Osisko completed a silver stream with Falco Resources Ltd. (?Falco?) for up to 100% of the silver produced from the Horne 5 project located in Qu

Share Repurchase: On June 25, Osisko announced a repurchase of 12,385,717 common Osisko shares from a jointly owned subsidiary of certain investment funds managed by Orion Resource Partners (?Orion?) representing a total value of $174.6 million. transaction was an elegant solution that allowed the Company to help Orion reduce its ownership percentage to the benefit of all remaining shareholders, while also providing Osisko with an exit opportunity for certain of its equity holdings.

Sable Resources Investment Agreement: On August 29, Osisko and Sable Resources Ltd. (?Sable?) entered into a strategic investment agreement whereby Osisko agreed to support Sable?s exploration activities over a four-year period in exchange for a net smelter return (?NSR?) royalty of up to 2% covering all of Sable?s properties over the period.

Mantos Blancos Stream Enhancement: On September 3, Osisko Bermuda Limited (?OBL?), a wholly-owned subsidiary of the Company, announced an agreement with Mantos Copper S.A. (?Mantos Copper?) to enhance its existing silver stream on the Mantos Blancos copper mine in Chile..

Barkerville Acquisition: On November 21, Osisko agreed to acquire 100% of Barkerville Gold Mines Ltd., owner of the Cariboo gold project in central British Columbia, Canada.e to obtain third-party funding for the Cariboo project while concurrently using the Company?s expertise in exploration, permitting, mine development, and mine finance to keep progressing the project and adding value.

Bralorne NSR Royalty: On November 21, Osisko entered into an investment agreement whereby it purchased a 1.2% NSR royalty from Talisker Resources Ltd. (?Talisker?) on the historic Bralorne gold project located in southwestern British Columbia, Canada.



Pine Point Royalty: On December 3, Osisko and Osisko Metals Incorporated (?Osisko Metals?) announced an agreement pursuant to which Osisko agreed to purchase a 1.5% NSR royalty on Osisko Metals? Pine Point project located in Canada?s Northwest Territories.

Santana Royalty: On December 6, Osisko and Minera Alamos Inc. (?Minera Alamos?) announced a royalty transaction that fully-funded the permitted Santana project to production.

Capital Returned to Shareholders: As of today?s date, in addition to the above achievements, Osisko has returned approximately $336 million to shareholders in the form of dividends and share buybacks since its inception in 2014.

Qualified Person

The scientific and technical content of this news release has been reviewed and approved by Guy Desharnais, Ph.D., P.Geo., Director of Mineral Resources Evaluation at Osisko Gold Royalties Ltd, who is a ?qualified person? as defined by National Instrument 43-101 ? Standards of Disclosure for Mineral Projects (?NI 43-101?).

About Osisko Gold Royalties Ltd

Osisko Gold Royalties Ltd is an intermediate precious metal royalty company that holds a North American focused portfolio of over 135 royalties, streams and precious metal offtakes. Osisko''s portfolio is anchored by its 5% NSR royalty on the Canadian Malartic Mine, the largest gold mine in Canada. Osisko also holds an equity portfolio of publicly traded resource companies, including a 15.9% interest in Osisko Mining Inc., a 17.9% interest in Osisko Metals Incorporated and a 19.9% interest in Falco Resources Ltd.

Osisko is a corporation incorporated under the laws of the Province of Qu

Forward-looking Statements

Certain statements contained in this press release may be deemed ?forward?looking statements? within the meaning of applicable Canadian and U.S. securities laws. These forward?looking statements, by their nature, require Osisko to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward?looking statements. Forward?looking statements are not guarantees of performance. These forward?looking statements, may involve, but are not limited to, the ability of Osisko to realize the full potential of its investments with Falco, Sable, Mantos Copper, Talisker, Osisko Metals and Minera and of its transaction with Barkerville Gold Mines Ltd., and the ability of Falco, Sable, Mantos Copper, Talisker, Osisko Metals and Minera to carry out activities as planned and anticipated in 2020 and, as applicable, thereafter, the ability of Osisko to obtain third-party funding for the Cariboo project while concurrently progressing and adding value to such project .contained in forward?looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management?s perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. Osisko considers its assumptions to be reasonable based on information currently available, but cautions the reader that their assumptions regarding future events, many of which are beyond the control of Osisko, may ultimately prove to be erators? geological modelling; the ability of operators to complete further exploration activities, including drilling, lack of third party interest in funding the Cariboo project.

For additional information with respect to these and other factors and assumptions underlying the forward?looking statements made in this press release, see the section entitled ?Risk Factors? in the most recent Annual Information Form of Osisko which is filed with the Canadian securities commissions and available electronically under Osisko?s issuer profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission and available electronically under Osisko?s issuer profile on EDGAR at www.sec.gov. The forward?y forward?looking statements, whether as a result of new information, future events or otherwise, other than as required by law.



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Date: 01/09/2020 - 04:20
Language: English
News-ID 1555123
Character count: 4274
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