”We are the fourth largest precious metal royalty company in the world right now” says Sean Roosen, chairman and chief executive of Osisko Gold Royalties (TSE:OR), speaking to Proactive at Mines and Money 2016 in London.
”We started this company about 24 months ago and our core assets are the Canadian Malartic royalty where we have a 5% top line royalty that delivers us about 28-30,000 ounces of gold a year. We also have a sliding scale royalty at the Eleonore mine in northern Quebec, where we receive 2% royalty right now, ramping up to a total of 3.5% – that delivers about 5,500 ounces a year of gold to us.”
”From those two assets we receive about 34-37,000 ounces of gold and that’s really the foundation of Osisko Royalties that we started a couple of years ago.”
”We’re a bit more hands on than some of our competitors but we think [our strategy] is unique to our skill set”.
Roosen adds: ”We brought forth the team that built Canadian Malartic which is now Canada’s largest gold-producing mine and our team has the skill set to execute this strategy”.
Story by ProactiveInvestors