Osisko Gold Royalties (OR) notes that its operating partner, Victoria Gold Corp. (VITFF), announced yesterday that the heap leach pad at its Eagle Gold Mine in the Yukon Territory experienced a failure. Eagle operations have been temporarily suspended while Victoria continues to assess the situation. At this early stage, it has been confirmed by Victoria that there has been some damage to infrastructure and a portion of the failure has left containment. There have been no injuries to personnel associated with the incident. Osisko is monitoring the situation closely and plans to maintain an open line of communication with Victoria as more information becomes available. Osisko holds a 5% NSR royalty on Eagle until 97,500 ounces of gold have been delivered and a 3% NSR royalty thereafter. Osisko’s royalty covers the entire Dublin Gulch property including the reserves on the Eagle and Olive ore deposits and all of the exploration targets being most actively pursued by Victoria.
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