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    gold-investing

    Osisko Exercises Royalty Buyout

    Investing News Network
    Mar. 29, 2011 07:27AM PST
    Precious Metals Investing

    The Financial Post reported that Osisko Mining Corp. (TSE:OSK) exercised an option to buy out half of its next royalty payable to Royal Gold.

    The Financial Post reported that Osisko Mining Corp. (TSX:OSK) exercised an option to buy out half of its next royalty payable to Royal Gold.

    The market news is quoted as saying:

    Osisko management told Dundee Securities analyst Ron Stewart that the royalty applied to approximately 60% of the Canadian Malartic deposit, which covers roughly half of the 9 million ounce reserve.

    To read the full market news, click here.

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