Osisko acquires high-quality previous metals portfolio

TSX- and NYSE-listed Osisko Gold Royalties has acquired a high-quality precious metals portfolio of assets comprising 74 royalties, streams and precious metal offtakes from Orion Mine Finance Group, in exchange for $675-million and about 31-million shares in Osisko. Osisko now holds a total of 131 royalties, streams and precious metal offtakes, including its cornerstone 5% net smelter return (NSR) royalty on the long-life Canadian Malartic gold mine – Canada's largest producing gold mine – and a 2% to 3.5% NSR royalty on the world-class Éléonore gold mine.