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Osisko Acquires Gold Royalty on Victoria Gold’s Fully-Financed, Shovel-Ready Eagle Gold Project in Canada
Mar. 12, 2018 08:31AM PST
Gold InvestingOsisko Gold Royalties (“Osisko”) (TSX:OR)(NYSE:OR) is pleased to announce that it has signed a term sheet (the “Term Sheet”) with Victoria Gold Corp. (“Victoria”) to acquire a 5 percent net smelter return (“NSR”) royalty (the “Royalty”) for C$98 million (the “Royalty Purchase”) on the Dublin Gulch property (the “Property”) which hosts the Eagle Gold project …
Osisko Gold Royalties (“Osisko”) (TSX:OR)(NYSE:OR) is pleased to announce that it has signed a term sheet (the “Term Sheet”) with Victoria Gold Corp. (“Victoria”) to acquire a 5 percent net smelter return (“NSR”) royalty (the “Royalty”) for C$98 million (the “Royalty Purchase”) on the Dublin Gulch property (the “Property”) which hosts the Eagle Gold project (“Eagle” or the “Project”) located in Yukon, Canada (“Royalty”).
Sean Roosen, Chair and CEO of Osisko, commenting on the transaction, said:
“We are very pleased to partner with Victoria to develop Canada’s next premier gold mine, and to generate important benefits for all project stakeholders.
The addition of the Eagle royalty strengthens our Canadian asset base and adds near-term Canadian gold to Osisko’s growth profile from a fully permitted, fully-financed and shovel-ready project located in Yukon, a premier mining jurisdiction.”