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Osisko Acquires Silver Stream On Taseko's Gibraltar Copper Mine In Canada

by posted 2years ago 319 views
MONTREAL, QUEBEC--(Marketwired - Feb. 27, 2017) - Osisko Gold Royalties Ltd (the "Company" or "Osisko") (TSX:OR)(NYSE:OR) is pleased to announce that it has agreed to acquire a silver stream with reference to silver produced at the Gibraltar copper mine ("Gibraltar"), located in British Columbia, Canada, from Gibraltar Mines Ltd. ("Gibco"), a wholly-owned subsidiary of Taseko Mines Limited ("Taseko"). Osisko will pay Taseko a cash consideration of US$33 million for the silver stream. In addition, Osisko will make ongoing payments of US$2.75 per ounce of silver delivered.

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