Osisko Gold announces acquisition of additional Gibraltar silver stream interest

Osisko Gold Royalties (OR) has completed an amendment to its silver stream with respect to the Gibraltar copper mine, located in British Columbia, Canada, which is operated by a wholly-owned subsidiary of Taseko Mines (TGB). Osisko and Taseko have amended the Silver Stream to increase Osisko’s attributable silver percentage by 12.5% to 100%. Further to this, Osisko and Taseko have also extended the step-down silver delivery threshold to 6,811,603 ounces delivered, accounting for Osisko’s additional silver ownership. In exchange for these amendments Osisko has paid an additional deposit amount of $12.7M to Taseko. These amendments were concluded further to the announcement by Taseko on March 25th, 2024 that it had entered into a definitive agreement to consolidate a 100% interest in Gibraltar by acquiring the remaining 12.5% interest from Dowa Metals & Mining and Furukawa. Separately, Osisko is pleased to announce the successful closing of its transaction to acquire a 1.8% gross revenue royalty on the Dalgaranga Gold project operated by Spartan Resources in Western Australia for $44M, as originally announced on September 30th, 2024. Osisko’s complementary transaction to acquire a 1.35% GRR on additional regional exploration licenses in proximity to Dalgaranga for $6M has also closed.