Osisko Gold Royalties Ltd
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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…
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GOLD: Talisker buys Bralorne from Avino, announces financing
BRITISH COLUMBIA – Talisker Resources announced it has entered into a purchase agreement with Avino Silver and Gold Mines to acquire a 100% interest in the 4,200 ha. Bralorne gold project 248 km northeast of Vancouver. Upon closing of the…
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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…
