Osisko Gold Royalties Enhances Asset Portfolio Through Key Updates

Osisko Gold Royalties Ltd: Progressing Towards Growth

MONTRÉAL — Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) is excited to provide several important updates regarding its asset portfolio. The company continues to build value through its operational growth and commitment to excellence within its high-quality assets.

Positive Developments in Key Assets

As Osisko enters the final quarter of the year, the company remains optimistic about its growth trajectory. Jason Attew, President & CEO of Osisko, emphasized the tremendous efforts put forth by their operational partners, which are fostering incremental value for both Osisko and its shareholders. "Our growth is entirely funded, positioning us favorably for the next several years," he stated.

Mantos Blancos Mine Update

Recently, Capstone Copper Corp. announced advancements at the Mantos Blancos mine located in Chile. Following a successful planned shutdown, several upgrades, including new holding tanks and pumps, have enabled the plant to ramp up throughput significantly. Capstone reported ore throughput matching or exceeding the daily capacity on numerous operating days. As of mid-November, the mine consistently achieved an average of over 20,000 tonnes per day, marking a substantial improvement in operations.

Island Gold District Developments

Meanwhile, Alamos Gold Inc. has been making strides in its Island Gold District, with plans to upgrade the Magino mill to support increased output through an expanded processing capacity. This significant investment hints at optimizations to foster future growth alongside ongoing projects in the region.

Operational Highlights from Major Projects

Éléonore Mine Transaction

Newmont Corp. has confirmed its decision to sell the Éléonore operation for a substantial sum, providing Osisko with a net smelter return (NSR) royalty that is expected to enhance cash flow as production continues. The increasing rate based on gold production puts Osisko in a strong position moving forward.

Seabee Mine Recovery

At SSR Mining's Seabee Mine, operations have resumed following a temporary suspension due to environmental factors. The company expects to meet its revised production targets, leading to a solid year-end performance.

Namdini Gold Mine Commissioning

Cardinal Namdini Mining Ltd. held a commissioning ceremony for its Namdini Gold Mine, marking its commitment to sustainability and responsible mining practices. Osisko’s royalty share will contribute to the financial benefits as operations scale up.

Additional Updates and Future Perspectives

The Dalgaranga Project has also garnered attention with significant discoveries and operational approvals that aim to increase output. As Spartan Resources prepares for a potential restart of mining activities, new drilling results showcase promising future prospects.

Hermosa and Wharekirauponga Projects

Further down the line, Osisko holds a strategic position in the Hermosa Project where substantial investments are fuelling construction progress. Likewise, the Wharekirauponga Project recently gained favorable legislative support, further advancing its development plans.

As developments unfold at the Windfall Project, Osisko's increased involvement pivots towards creating synergies between assets that could catalyze future performance enhancements across the board.

Conclusion: A Bright Future Ahead

Osisko Gold Royalties Ltd is on a promising path towards achieving its outlined growth strategy with a diversified portfolio of quality assets. By leveraging relationships and improving operational efficiencies, Osisko is set to create consistent value for shareholders while contributing positively to the mining sector.

Frequently Asked Questions

What is Osisko Gold Royalties Ltd?

Osisko Gold Royalties Ltd is an intermediate precious metal royalty company focused on developing its portfolio of royalties, streams, and offtakes, mainly in North America.

What recent updates were provided by Osisko?

Osisko provided asset updates highlighting positive progress across projects such as Mantos Blancos, the Island Gold District, Éléonore Mine, Seabee Mine, and more.

How does Osisko generate revenue?

Osisko generates revenue through net smelter return royalties on gold and other valuable resources extracted by its partner mining companies.

What is the company's growth strategy?

Osisko's growth strategy involves increasing its output through strategic partnerships, exploring new opportunities, and optimizing its existing asset base.

How does the company ensure sustainable mining practices?

Osisko promotes sustainable practices by collaborating with mining operators focused on responsible resource extraction and environmental stewardship.

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