Mr. Sean Roosen reports
OSISKO ANNOUNCES RECORD 2017 GOLD EQUIVALENT OUNCES
Osisko Gold Royalties Ltd. has provided information on its preliminary 2017 gold equivalent ounces (GEOs).
Record gold equivalent ounces earned in 2017
The company's portfolio of royalties, streams and other interests delivered a record number of GEOs during the fourth quarter and for 2017. The company received 58,933 GEOs in 2017, an increase of 54 per centcompared with the 2016 results. The GEOs earned in the fourth quarter totalled 20,990 ounces, establishing a new quarterly record and 26 per cent higher than the third quarter of 2017.
GEOS EARNED BY PRODUCTFor the three months For the 12 monthsended Dec. 31,ended Dec. 31,2017201620172016Gold13,632 8,85045,20037,813Silver 4,020 114 8,045 457Diamonds 2,927 - 4,887 -Other411 - 801 -Total GEOs20,990 8,96458,93338,270
The increase is attributable to the additional producing assets acquired as part of the transformative $1,125-million Orion transaction, which closed on July 31, 2017, and the Gibraltar silver streaming agreement completed in February, 2017.
Sean Roosen, chair and chief executive officer, commenting on the 2017 performance, noted: "The record gold equivalent ounces earned results from the execution of our strategic plan to increase our portfolio of assets, thereby providing greater exposure to precious metal markets. We are very enthused about the future as a number of assets in our portfolio will begin to generate revenues once the underlying properties move to the production stage. We believe that our portfolio of assets will deliver the best growth profile within the royalty sector over the next three to five years."
Notice of fourth quarterand full-year 2017 results and conference call
Osisko will release its fourth quarter and full-year 2017 financial results after market on Feb. 16, 2018, followed by a conference call on Feb. 19, 2018,at 11 a.m. EDT.
Those interested in participating in the conference call should dial in at 1-647-788-4922 (international) or 1-877-223-4471 (North American toll-free). An operator will direct participants to the call.
The conference call replay will be available from 2 p.m. EDT on Feb. 19, 2018, until 11:59 p.m. EDT on Feb. 26, 2018, with the following dial-in numbers, 1-800-585-8367 (North American toll-free) or 1-416-621-4642, access code 2868047.
About Osisko Gold Royalties Ltd.
Osisko Gold is an intermediate precious metal royalty company focused on the Americas that commenced activities in June, 2014. Osisko holds a North American-focused portfolio of over 130 royalties, streams and precious metal offtakes. Osisko's portfolio is anchored by five cornerstone assets, including a 5-per-cent net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada. Osisko also owns a portfolio of publicly held resource companies, including a 15.5-per-cent interest in Osisko Mining, a 12.8-per-cent interest in Osisko Metals, a 12.7-per-cent interest in Falco Resources and a 32.7-per-cent interest in Barkerville Gold Mines.
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