Osisko Gold Royalties (TSE:OR) has released an update.
Osisko Gold Royalties Ltd has announced the acquisition of a 1.8% gross revenue royalty on Spartan Resources Limited’s Dalgaranga Gold Project in Western Australia, including additional royalties on nearby exploration licenses for a total of US$50 million. The deal, expected to close following Australian regulatory approval, gives Osisko exposure to a high-grade gold project poised for near-term production and significant exploration potential within a leading mining jurisdiction. The Dalgaranga Project, noted for its high-grade underground deposits, is set to become one of the region’s most significant gold mines with a production restart anticipated within two years.
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