Osisko Gold Royalties Boosts Gibraltar Mine Silver Stream, Closes Dalgaranga Royalties Acquisition

MT Newswires Live
2024-12-23

Osisko Gold Royalties (OR) said Monday it has completed an amendment to increase its silver stream in Taseko's Gibraltar mine in British Columbia.

Osisko paid an additional deposit of $12.7 million to Taseko, increasing the attributable silver percentage to 100% from 12.5%.

Separately, Osisko said it closed its $44 million acquisition of a 1.8% gross revenue royalty on the Dalgaranga Gold project, which is operated by Spartan Resources in Western Australia.

Osisko also closed a complementary deal to buy a 1.35% gross revenue royalty on other regional exploration licenses close to Dalgaranga for $6 million.

Price: 18.05, Change: -0.24, Percent Change: -1.31

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