Osisko Gold Royalties Ltd
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Osisko Royalties spins out gold developer, raises $100M
Osisko Gold Royalties has announced the spin-out, through a reverse-takeover transaction (RTO), of Osisko Development. The newly formed developer will hold the past-producing Cariboo gold project in B.C. and the San Antonio gold asset in Mexico’s Sonora state, in addition…
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Restart of Renard diamond mine planned for September
Operations at the Renard diamond mine in Quebec will be restarted this month, after a six-month suspension, Osisko Gold Royalties has announced. The September restart follows a thorough review of operations and the approval of a plan to reduce costs…
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GOLD: Osisko Royalties grows Canadian precious metals portfolio
QUEBEC – Osisko Gold Royalties has entered into a definitive agreement with Quebec’s Caisse de depot et placement to acquire an outstanding 15% interest in a portfolio of Canadian precious metals royalties for $12.5 million, funded by cash on hand.…
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GOLD: Partners at Canada’s biggest gold mine look to underground potential
QUEBEC – Joint-venture partners Agnico Eagle Mines and Yamana Gold will begin construction on an underground ramp at their Canadian Malartic open pit mine, 25 km west of Val-d’Or, in August. The Odyssey ramp is expected to take two years…
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GOLD: KORE expands holdings in BC’s southern Cariboo district
BRITISH COLUMBIA – KORE Mining has increased its wholly owned land holdings in the southern part of B.C.’s Cariboo gold district, to 1,000 sq. km – the company’s claims now cover 110 km of the prospective Eureka structural trend, host…
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COPPER: Taseko leaves 2020 guidance unchanged
VANCOUVER – Production at Taseko Mines‘ Gibraltar open pit mine in south-central B.C. has so far not been affected by the COVID-19 pandemic, with the operation producing 32.4 million lb. copper in the first quarter, up from 24.9 million lb.…
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DIAMONDS: Renard mine in Quebec to stay on care and maintenance
LONGUEUIL – Quebec’s first and only diamond mine will remain on care and maintenance, even though the province has given the go-ahead to restart mines as of Apr. 15. Stornoway Diamond says the decision is due to depressed market prices…
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MINING PEOPLE: Lucara, McEwen Mining, OceanaGold, Orla, Osisko, SRG
David Guerrero has been selected as the Argentine country manager for Alpha Lithium; Brad Nichol is now the company’s CEO and president. Darryl Jones has resigned as president and CEO but will remain on the company’s board. Karim Nasr is…
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MINING PEOPLE: Barrick, Galway, Osisko Gold Royalties, Pretium, Teck
Alex Klenman is now Arbor Metals’ director of corporate development with CEO duties transitioning to Mark Ferguson. Kenneth Williamson has been retained as a consultant to Argo Gold; Williamson is an independent geological consultant. Rich Haddock has deferred his retirement…
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GOLD: Talisker plans systematic approach at Spences Bridge
Talisker Resources was only listed on the Canadian Stock Exchange last April, but the junior holds more than 70% of the up-and-coming Spences Bridge belt in southwestern B.C. Talisker is a spinout of South America-focused explorer Sable Resources, which staked…
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MINING PEOPLE: ABB Canada, Argo Gold, Aurion, Calibre, Copper Lake, Genesis, Golden Predator, NorZinc, Osisko Gold, AME
ABB Canada has announced Eric Deschenes as country manager and head of electrification business effective Jan. 1, 2020. Eric joined the company in 2017 as executive vice-president of the electrification business. He is a professional…
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ZINC-LEAD: Osisko Metals sells 1.5% NSR royalty on Pine Point
MONTREAL – Osisko Metals announced that it has entered into an agreement with Osisko Gold Royalties to sell a 1.5% net smelter return royalty on the Pine Point project for $6.5 million. On October 15, Osisko Metals announced that it…
