Visitors Now:
Total Visits:
Total Stories:
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Osisko Gold Royalties: ‘A young company with mature ambitions’

Tuesday, November 29, 2016 14:25
% of readers think this story is Fact. Add your two cents.

(Before It's News)

”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

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.