Osisko Gold Royalties Ltd
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Stornoway’s creditors keep Renard on life support
Stornoway Diamond (TSX: SWY) and its creditors reached a deal that will see the Renard diamond mine continue to operate during corporate restructuring following the company’s failure to generate positive free cash flow in 2019. Stornoway entered into a letter of…
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GOLD: Osisko Gold Royalties to take over Barkerville Gold Mines
MONTREAL – Osisko Gold Royalties and Barkerville Gold Mines have signed a definitive agreement allowing Osisko to acquire all the issued and outstanding common shares of Barkerville. Osisko currently owns approximately 33% of Barkerville. Each Barkerville shareholder (excluding Osisko) will…
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GOLD: Pretium buys back Brucejack royalties from Osisko
VANCOUVER and MONTREAL – Pretium Resources, the owner and operator of the Brucejack gold mine near Stewart, B.C., has arranged to buy back the mine’s royalties currently held by Osisko Gold Royalties. Pretium will make a payment of US$31.2 million…
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DIAMONDS: Stornoway granted creditor protection
QUEBEC – Stornoway Diamond Corp. of Montreal has been granted protection under the Companies’ Creditors Arrangement Act from the Superior Court of Quebec while the company restructures its business and financial affairs. Protection is extended to subsidiaries Stornoway Diamonds (Canada),…
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Osisko Gold Royalties bets on Sable Resources
Sable Resources (TSXV: SAE) says agreements potentially worth up to $12.6 million with Osisko Gold Royalties (TSX: OR) will finance exploration across its projects for the next four years. Osisko is taking a 9.86% stake for $2.08 million in the junior grassroots explorer…
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DIAMONDS: Bridge loan gives Stornoway some breathing room
QUEBEC – Stornoway Diamond Corp. and its material subsidiaries have arranged bridge financing to keep the Renard mine operating while the company undertakes a strategic review with the aim of restructuring its finances. The Renard diamond project is the company’s…
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GOLD-SILVER: Minera Alamos attracts new coverage
MEXICO – Haywood Securities has initiated coverage of Minera Alamos with a buy rating and 12-month target price of $0.40 per share – a 281% return from the junior’s current share price of $0.11. “Minera Alamos holds two development projects in its…
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GOLD: Osisko begins share buyback and cuts debt
MONTREAL – Osisko Gold Royalties has begun a $100 million share buyback program with an initial investment of $9.8 million towards its normal course issuer bid. The company purchased 849,480 shares at an average price of $11.56 per share during…
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DONATION: Three Osiskos support earth sciences at UNB
MONTREAL – Osisko Gold Royalties, Osisko Mining and Osisko Metals have joined forces to create the Osisko Field Education Fund for the Earth Sciences Department at the University of New Brunswick. Together the three have donated $250,000 to the It…
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GOLD-SILVER: Pretium to repurchase precious metals stream
BRITISH COLUMBIA – Vancouver-based Pretium Resources has announced its intention to repurchase the whole of the callable 8% gold and silver stream at the end of this year. The stream was sold as part of the construction finance package for…
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Osisko bumps Cariboo royalty to 4%
Osisko Gold Royalties (TSX: OR; NYSE: OR) has agreed to acquire an additional 1.75% net smelter return royalty (NSR) for $20 million on the Barkerville Gold Mines’ (TSXV: BGM; US-OTC: BGMZF) Cariboo gold project in British Columbia, raising its total royalty on…
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TREASURE HUNT: Avro Arrow model recovered
ONTARIO – Canada’s history just got a little more interesting with the recovery of an Avro Arrow model from Lake Ontario off Prince Edward. The vehicle is about 3.0 metres long, a one-eighths scale of the actual plane. The Canadian…
