Published: June 6, 2018 |

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Osisko Gold Royalties Ltd has completed C$148 million financing with Victoria Gold Corp., pursuant to which Osisko acquired from Victoria a 5 percent net smelter return (NSR) royalty for C$98 million on the Dublin Gulch property which hosts the Eagle Gold project located in Yukon, Canada, and purchased from Victoria.

“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. 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,” said Sean Roosen, Chair and Chief Executive Officer of Osisko, commenting on the transaction,” said Sean Roosen, chair and chief executive officer of Osisko.

The Dublin Gulch Property and the Eagle Gold Project

Victoria Gold’s 100 percent owned Dublin Gulch gold property is situated in the central Yukon Territory, Canada, approximately 375 kilometres north of the capital city of Whitehorse, and approximately 85 kilometres from the village of Mayo. The property is accessible by road year-round, and is located within Yukon Energy’s electrical grid.

The property covers an area of approximately 555 square kilometres, and is the site of Victoria’s Eagle Gold Deposit. The Eagle Gold mine is expected to be Yukon’s next operating gold mine and, between the Eagle and Olive deposits, include proven and probable reserves of 2.7 million ounces of gold from 123 million tonnes of ore with a grade of 0.67 grams of gold per tonne. The NI 43-101 mineral resource for the Eagle and Olive deposits has been estimated to host 191 million tonnes averaging 0.65 grams of gold per tonne, containing 4.0 million ounces of gold in the measured and indicated category, inclusive of proven and probable reserves, and a further 24 million tonnes averaging 0.61 grams of gold per tonne, containing 0.5 million ounces of gold in the inferred category.

About Osisko Gold Royalties Ltd.
Osisko Gold Royalties Ltd. is an intermediate precious metal royalty company focused on the America’s that commenced activities in June 2014. Osisko holds a North American focused portfolio of more than 130 royalties, streams, and precious metal offtakes. Osisko’s portfolio is anchored by five cornerstone assets, including a 5 percent net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada. Osisko also owns a portfolio of publicly held resource companies, including a 15.5 percent interest in Osisko Mining Inc., a 12.7 percent interest in Falco Resources Ltd. and a 32.6 percent interest in Barkerville Gold Mines Ltd.

To stop by Osisko’s website, CLICK HERE

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