Osisko Gold Royalties Ltd is a leading growth-oriented royalty company focused on the mining sector. It owns a portfolio of over 130 royalties, streams, and offtakes. Recent acquisitions have significantly grown its portfolio of cash flowing assets located in top mining jurisdictions. Osisko has an experienced management team and a track record of over $9 billion in value creation. It is uniquely positioned for continued growth through organic expansion of its existing assets and new acquisitions.
Osisko Gold Royalties is a growth-oriented royalty company that expects to grow its gold equivalent ounce production from 80k oz in 2018 to over 150k oz within the next 5 years, which would represent leading and unparalleled growth in the sector. As a royalty company, Osisko has among the highest margins in the metals and mining sector at over 87% cash margins. The document contains forward-looking statements and cautions readers that actual results may differ materially from expectations.
Osisko Gold Royalties is a growth-oriented royalty company that owns royalties and streams on over 135 properties worldwide. It aims to grow its gold equivalent ounce production from 80k oz in 2018 to over 180k oz within the next 5 years, which would represent leading growth in the sector. Osisko has among the highest margins in the metals and mining industry at over 87% and provides exposure to commodities with favorable long-term fundamentals. The document contains forward-looking statements and cautions readers that actual results may differ due to risks and uncertainties.
- Osisko is a leading royalty and streaming company focused on precious metals with a portfolio of over 100 royalties and streams.
- It has a leading growth profile, expecting to grow gold equivalent ounce production from 80k oz in 2018 to over 180k oz within 5 years.
- It has one of the highest margins in the metals and mining sector at over 87% expected for 2018.
- It provides significant exploration upside through over 2.5 million meters of drilling announced on its royalty properties since 2016.
This document provides an overview of Osisko Gold Royalties Ltd as a world-class growth-oriented royalty company. It discusses Osisko's experienced management team, strong technical team, and history of value creation through its involvement in mining projects over the past 15 years. It also outlines Osisko's high-quality portfolio of royalty and streaming assets that provide cash flow from cornerstone properties in top jurisdictions. Osisko is uniquely positioned for significant growth through its pipeline of additional royalty interests and has an industry-leading forecast for cash flow growth between 2017-2023.
1) Osisko Gold Royalties Ltd is the world's premier growth-oriented royalty company, focused on Canadian assets with over 130 royalties, streams, and offtakes.
2) The company has a unique strategy of investing in projects throughout the development cycle from early exploration to production to create value.
3) Osisko has prime royalty real estate in major Canadian gold camps with over 25,000 km2 of land and historic production of over 250 million ounces of gold.
- Osisko reported Q2 2019 results with 19,651 GEOs earned and revenues of C$33.8 million from royalties and streams.
- Orion reduced its shareholding in Osisko from 19.5% to 6.2% following a secondary offering and share repurchase transaction.
- Gold prices are at an all-time high, positioning Osisko well to capture value from its royalty and stream portfolio.
- Production is expected to grow significantly in the coming years from assets such as Eagle, Windfall, Back Forty, Amulsar and others.
Osisko Gold Royalties is a growth-oriented royalty company that expects to grow its gold equivalent ounce production from 80k oz in 2018 to over 150k oz within the next 5 years. It has a leading and unparalleled growth profile as well as the highest margins in the metals and mining sector. The document contains forward-looking statements regarding Osisko's expectations for future performance.
Q1 2019 Results
- Osisko Gold Royalties Ltd reported 19,753 gold equivalent ounces earned in Q1 2019, compared to 20,036 in Q1 2018. Revenues from royalties and streams were $33.5 million compared to $32.6 million in Q1 2018. Net cash flows from operating activities were $24.8 million compared to $23.3 million in Q1 2018.
Osisko Gold Royalties is a growth-oriented royalty company that expects to grow its gold equivalent ounce production from 80k oz in 2018 to over 150k oz within the next 5 years, which would represent leading and unparalleled growth in the sector. As a royalty company, Osisko has among the highest margins in the metals and mining sector at over 87% cash margins. The document contains forward-looking statements and cautions readers that actual results may differ materially from expectations.
Osisko Gold Royalties is a growth-oriented royalty company that owns royalties and streams on over 135 properties worldwide. It aims to grow its gold equivalent ounce production from 80k oz in 2018 to over 180k oz within the next 5 years, which would represent leading growth in the sector. Osisko has among the highest margins in the metals and mining industry at over 87% and provides exposure to commodities with favorable long-term fundamentals. The document contains forward-looking statements and cautions readers that actual results may differ due to risks and uncertainties.
- Osisko is a leading royalty and streaming company focused on precious metals with a portfolio of over 100 royalties and streams.
- It has a leading growth profile, expecting to grow gold equivalent ounce production from 80k oz in 2018 to over 180k oz within 5 years.
- It has one of the highest margins in the metals and mining sector at over 87% expected for 2018.
- It provides significant exploration upside through over 2.5 million meters of drilling announced on its royalty properties since 2016.
This document provides an overview of Osisko Gold Royalties Ltd as a world-class growth-oriented royalty company. It discusses Osisko's experienced management team, strong technical team, and history of value creation through its involvement in mining projects over the past 15 years. It also outlines Osisko's high-quality portfolio of royalty and streaming assets that provide cash flow from cornerstone properties in top jurisdictions. Osisko is uniquely positioned for significant growth through its pipeline of additional royalty interests and has an industry-leading forecast for cash flow growth between 2017-2023.
1) Osisko Gold Royalties Ltd is the world's premier growth-oriented royalty company, focused on Canadian assets with over 130 royalties, streams, and offtakes.
2) The company has a unique strategy of investing in projects throughout the development cycle from early exploration to production to create value.
3) Osisko has prime royalty real estate in major Canadian gold camps with over 25,000 km2 of land and historic production of over 250 million ounces of gold.
- Osisko reported Q2 2019 results with 19,651 GEOs earned and revenues of C$33.8 million from royalties and streams.
- Orion reduced its shareholding in Osisko from 19.5% to 6.2% following a secondary offering and share repurchase transaction.
- Gold prices are at an all-time high, positioning Osisko well to capture value from its royalty and stream portfolio.
- Production is expected to grow significantly in the coming years from assets such as Eagle, Windfall, Back Forty, Amulsar and others.
Osisko Gold Royalties is a growth-oriented royalty company that expects to grow its gold equivalent ounce production from 80k oz in 2018 to over 150k oz within the next 5 years. It has a leading and unparalleled growth profile as well as the highest margins in the metals and mining sector. The document contains forward-looking statements regarding Osisko's expectations for future performance.
Q1 2019 Results
- Osisko Gold Royalties Ltd reported 19,753 gold equivalent ounces earned in Q1 2019, compared to 20,036 in Q1 2018. Revenues from royalties and streams were $33.5 million compared to $32.6 million in Q1 2018. Net cash flows from operating activities were $24.8 million compared to $23.3 million in Q1 2018.
This corporate presentation outlines why Osisko Gold Royalties Ltd is a premier growth-oriented royalty company. It highlights that Osisko has the highest growth in the gold royalty sector and is accelerating development of Canada's next gold mines. As a gold and Canada-focused company, Osisko offers a dividend yield and industry-leading margins. However, the presentation also contains numerous cautionary statements regarding the forward-looking nature of any projections or estimates, including risks and uncertainties that could cause actual results to differ from expectations.
Osisko Gold Royalties Ltd is acquiring the remaining shares of Barkerville Gold Mines Ltd that it does not already own. This will give Osisko 91% ownership of Barkerville. The transaction is valued at approximately C$338 million. It provides benefits to both Barkerville and Osisko shareholders, including premium pricing, access to funding to advance the Cariboo gold project, and exposure to a growing gold producer. The Cariboo project has a resource of over 4 million ounces and the goal is to expand production to 185,000 ounces annually. Osisko aims to leverage its technical expertise and financial strength to accelerate the development of Cariboo according to the positive preliminary economic assessment.
- Osisko holds a presentation for the 2017 PDAC convention that discusses its gold royalty portfolio and business model.
- The presentation outlines Osisko's key producing assets which include Canadian Malartic, Eleonore, and Gibraltar, as well as its portfolio of over 50 exploration stage royalties.
- Osisko benefits shareholders by providing leverage to gold prices and exploration upside through its royalty model with zero costs and zero exposure to operating or capital risks.
Osisko reported its Q3 2018 results with the following highlights:
- Produced 20,006 GEOs in Q3 2018, a 20% increase over Q3 2017.
- Generated $20.6 million in net cash flows from operating activities compared to $1.1 million in Q3 2017.
- Adjusted earnings were $5.7 million or $0.04 per share compared to $8 million or $0.06 per share in Q3 2017.
Osisko Gold Royalties - Q4 and Year 2020 ResultsKevin Connan
This document provides an overview of Osisko Gold Royalties Ltd's fourth quarter and full year 2020 results, announced on February 25, 2021. It includes forward-looking statements regarding Osisko's expected growth, performance, projects and opportunities. However, it notes that actual results may differ from expectations due to risks and uncertainties in the business. The document also contains standard cautions regarding the use of mineral resource and reserve estimates.
- Osisko reported 20,005 GEOs earned in Q4 2018 and a record 80,553 GEOs earned for the full year 2018, up 37% from 2017.
- Revenues from royalties and streams were $30.7 million in Q4 2018 and a record $127.6 million for 2018, up 36% from 2017.
- Net loss attributable to shareholders was $113.9 million in Q4 2018 and $105.6 million for 2018, reflecting impairment charges. Excluding impairment charges, adjusted earnings were $13.0 million in Q4 2018.
- Osisko Gold Royalties Ltd reported its Q4 and full year 2021 results on February 25, 2022.
- The document contains forward-looking statements regarding future production estimates, timely development of mining properties, and management's expectations for growth and performance.
- It warns that actual results may differ from forward-looking statements due to risks and uncertainties in the mining industry such as commodity price fluctuations and regulatory changes.
Osisko is a leading growth-oriented royalty company with over 135 royalties, streams and precious metal interests. Its portfolio is diversified across 17 producing assets located primarily in North America, with world-class operators. Osisko has a unique business model that combines a core royalty business with an accelerator business that seeks early stage royalty opportunities. This provides exposure to new discoveries and increased mine life through exploration.
- Osisko reported Q1 2020 results with revenues of C$37.8 million from royalties and streams. However, it reported a net loss of C$13.3 million due to an impairment charge of C$26.3 million on the Renard diamond stream.
- Production was impacted by COVID-19 related shutdowns, including the temporary closure of the Canadian Malartic mine. However, Osisko has a strong financial position with C$243 million in cash.
- Osisko has a high-quality, low-risk portfolio that generated 18,159 GEOs in Q1 2020. It is well positioned to generate long-term value through its diversified base of royalty and
The document is a presentation from Osisko Gold Royalties, a growth-oriented royalty company. It describes Osisko as having a diversified portfolio of high-quality royalty assets located in mining-friendly jurisdictions. The assets are operated by world-class mining companies. Osisko pays the highest dividend in the royalty sector and expects production and cash flow growth from its portfolio. It also has a strong pipeline of development assets and is highly exposed to gold prices.
Osisko Gold Royalties is a growth-oriented royalty company that holds over 135 royalties, streams, and other interests across North America. The company's business model delivers strong cash flows and asymmetric upside potential from its interests in multiple exploration properties. Osisko has a large, diversified asset portfolio in low-risk jurisdictions that provides exposure to gold, silver, copper, nickel, and other commodities. The company expects continued growth through acquisitions and organic growth from its existing asset base.
- Osisko Gold Royalties reported its Q1 2021 results with record revenues from royalties and streams of C$49.0 million and operating cash flows generated by the royalty and stream segment of C$36.7 million.
- Production in Q1 2021 was 19,960 GEOs, up from 11,448 GEOs in Q1 2020, with the majority from gold royalties and streams.
- Net earnings were C$10.6 million or C$0.06 per share, compared to a net loss of C$13.3 million in Q1 2020.
Osisko reported its Q3 2020 results, with record revenues from royalties and streams of C$41.2 million, record cash flow from operating activities of C$36.1 million, and record cash operating margin of 96.4% on royalties and streams. Key highlights included earning 16,739 gold equivalent ounces, generating net earnings of C$12.5 million or C$0.08 per basic share, and adjusted earnings of C$17.5 million or C$0.11 per basic share. Osisko also released its production guidance for the remainder of 2020 and 2021.
Osisko Gold Royalties - Corporate Presentation, March 2020Kevin Connan
This document is a presentation from Osisko Gold Royalties Ltd., which describes itself as a leading growth-oriented royalty company. The presentation contains forward-looking statements regarding Osisko's expectations for growth, production, and opportunities. However, it notes that there are risks and uncertainties inherent in forward-looking information that could cause actual results to differ from expectations. The presentation provides cautionary notes for investors regarding mineral resource and reserve estimates according to Canadian and U.S. standards.
This document discusses Osisko Gold Royalties, a leading growth-oriented royalty company. It notes that global debt levels, inflationary pressures, and political instability are increasing risks, while gold mine supply is expected to contract. This creates a bullish outlook for gold as a safe haven investment. Osisko is well positioned to benefit from these trends as a gold-focused royalty company.
- Osisko reported Q2 2020 results with 12,386 GEOs earned and revenues of C$28.7 million. Cash flow from operating activities was C$15.4 million and net earnings were C$13.0 million.
- Highlights included the Eagle Gold mine achieving commercial production and Osisko improving its silver stream on the Gibraltar mine.
- Osisko provided an outlook for 33,000-35,000 GEOs for the second half of 2020 and 63,500-65,500 GEOs for the full year.
This presentation provides an overview of Osisko Gold Royalties Ltd., a leading growth-oriented royalty company. Some key points:
- Osisko has over 150 royalties, streams and precious metals offtakes, diversifying its cash flow from 17 producing assets.
- Its portfolio includes flagship assets like Canadian Malartic (5% NSR) which is expected to extend its mine life through 2039 thanks to the new Odyssey underground project.
- Other assets like Mantos Blancos, Eagle, and Eleonore provide steady production while development assets like Cariboo and San Antonio are maturing.
- Osisko has a high-margin business model with low costs and free upside exposure
Osisko is a leading growth-oriented royalty company with over 150 royalties, streams and precious metals offtakes. It has a high-quality portfolio that is diversified by asset, operator and geography. Key assets include a 5% royalty on Canadian Malartic, the largest gold mine in Canada, which is expected to extend its mine life significantly through an underground project. Osisko also has interests in producing assets like Eagle and royalties on development projects like Cariboo that are maturing. The company has a sustainable business model with high margins and pursues growth through both its existing portfolio and new acquisitions.
- Osisko Gold Royalties is an expert at unlocking value from top low-risk assets in North America, with 76% of asset net present value in North America and 64% in Canada.
- They have over 135 royalty, stream, and offtake assets, with over C$900 million available for deploying into new opportunities.
- In 2019, Osisko earned 57,727 attributable gold equivalent ounces year-to-date, with a 90% cash margin earned on gold equivalent ounces received.
Osisko Gold Royalties is a world-class growth-oriented royalty company that holds a portfolio of over 135 royalties, streams, and other interests focused primarily on precious metals. The document discusses Osisko's history of growth in the mining sector over the past 13 years from 2004 to 2017, starting with no assets and growing its portfolio value to over $10 billion currently. It also contains standard cautionary statements about forward-looking information and mineral reserve estimates.
Osisko is acquiring Orion's portfolio of 6 streams, 61 royalties and 7 offtakes for total consideration of C$1,125 million. This transaction more than triples Osisko's number of producing assets and doubles its near-term cash flow. The combined company will have a highly attractive portfolio of world class development and exploration royalties with expected cash flow growth of 13% per year through 2023. The transaction creates a leading precious metals royalty and streaming company with a strong growth profile and focus on North America and gold.
This corporate presentation outlines why Osisko Gold Royalties Ltd is a premier growth-oriented royalty company. It highlights that Osisko has the highest growth in the gold royalty sector and is accelerating development of Canada's next gold mines. As a gold and Canada-focused company, Osisko offers a dividend yield and industry-leading margins. However, the presentation also contains numerous cautionary statements regarding the forward-looking nature of any projections or estimates, including risks and uncertainties that could cause actual results to differ from expectations.
Osisko Gold Royalties Ltd is acquiring the remaining shares of Barkerville Gold Mines Ltd that it does not already own. This will give Osisko 91% ownership of Barkerville. The transaction is valued at approximately C$338 million. It provides benefits to both Barkerville and Osisko shareholders, including premium pricing, access to funding to advance the Cariboo gold project, and exposure to a growing gold producer. The Cariboo project has a resource of over 4 million ounces and the goal is to expand production to 185,000 ounces annually. Osisko aims to leverage its technical expertise and financial strength to accelerate the development of Cariboo according to the positive preliminary economic assessment.
- Osisko holds a presentation for the 2017 PDAC convention that discusses its gold royalty portfolio and business model.
- The presentation outlines Osisko's key producing assets which include Canadian Malartic, Eleonore, and Gibraltar, as well as its portfolio of over 50 exploration stage royalties.
- Osisko benefits shareholders by providing leverage to gold prices and exploration upside through its royalty model with zero costs and zero exposure to operating or capital risks.
Osisko reported its Q3 2018 results with the following highlights:
- Produced 20,006 GEOs in Q3 2018, a 20% increase over Q3 2017.
- Generated $20.6 million in net cash flows from operating activities compared to $1.1 million in Q3 2017.
- Adjusted earnings were $5.7 million or $0.04 per share compared to $8 million or $0.06 per share in Q3 2017.
Osisko Gold Royalties - Q4 and Year 2020 ResultsKevin Connan
This document provides an overview of Osisko Gold Royalties Ltd's fourth quarter and full year 2020 results, announced on February 25, 2021. It includes forward-looking statements regarding Osisko's expected growth, performance, projects and opportunities. However, it notes that actual results may differ from expectations due to risks and uncertainties in the business. The document also contains standard cautions regarding the use of mineral resource and reserve estimates.
- Osisko reported 20,005 GEOs earned in Q4 2018 and a record 80,553 GEOs earned for the full year 2018, up 37% from 2017.
- Revenues from royalties and streams were $30.7 million in Q4 2018 and a record $127.6 million for 2018, up 36% from 2017.
- Net loss attributable to shareholders was $113.9 million in Q4 2018 and $105.6 million for 2018, reflecting impairment charges. Excluding impairment charges, adjusted earnings were $13.0 million in Q4 2018.
- Osisko Gold Royalties Ltd reported its Q4 and full year 2021 results on February 25, 2022.
- The document contains forward-looking statements regarding future production estimates, timely development of mining properties, and management's expectations for growth and performance.
- It warns that actual results may differ from forward-looking statements due to risks and uncertainties in the mining industry such as commodity price fluctuations and regulatory changes.
Osisko is a leading growth-oriented royalty company with over 135 royalties, streams and precious metal interests. Its portfolio is diversified across 17 producing assets located primarily in North America, with world-class operators. Osisko has a unique business model that combines a core royalty business with an accelerator business that seeks early stage royalty opportunities. This provides exposure to new discoveries and increased mine life through exploration.
- Osisko reported Q1 2020 results with revenues of C$37.8 million from royalties and streams. However, it reported a net loss of C$13.3 million due to an impairment charge of C$26.3 million on the Renard diamond stream.
- Production was impacted by COVID-19 related shutdowns, including the temporary closure of the Canadian Malartic mine. However, Osisko has a strong financial position with C$243 million in cash.
- Osisko has a high-quality, low-risk portfolio that generated 18,159 GEOs in Q1 2020. It is well positioned to generate long-term value through its diversified base of royalty and
The document is a presentation from Osisko Gold Royalties, a growth-oriented royalty company. It describes Osisko as having a diversified portfolio of high-quality royalty assets located in mining-friendly jurisdictions. The assets are operated by world-class mining companies. Osisko pays the highest dividend in the royalty sector and expects production and cash flow growth from its portfolio. It also has a strong pipeline of development assets and is highly exposed to gold prices.
Osisko Gold Royalties is a growth-oriented royalty company that holds over 135 royalties, streams, and other interests across North America. The company's business model delivers strong cash flows and asymmetric upside potential from its interests in multiple exploration properties. Osisko has a large, diversified asset portfolio in low-risk jurisdictions that provides exposure to gold, silver, copper, nickel, and other commodities. The company expects continued growth through acquisitions and organic growth from its existing asset base.
- Osisko Gold Royalties reported its Q1 2021 results with record revenues from royalties and streams of C$49.0 million and operating cash flows generated by the royalty and stream segment of C$36.7 million.
- Production in Q1 2021 was 19,960 GEOs, up from 11,448 GEOs in Q1 2020, with the majority from gold royalties and streams.
- Net earnings were C$10.6 million or C$0.06 per share, compared to a net loss of C$13.3 million in Q1 2020.
Osisko reported its Q3 2020 results, with record revenues from royalties and streams of C$41.2 million, record cash flow from operating activities of C$36.1 million, and record cash operating margin of 96.4% on royalties and streams. Key highlights included earning 16,739 gold equivalent ounces, generating net earnings of C$12.5 million or C$0.08 per basic share, and adjusted earnings of C$17.5 million or C$0.11 per basic share. Osisko also released its production guidance for the remainder of 2020 and 2021.
Osisko Gold Royalties - Corporate Presentation, March 2020Kevin Connan
This document is a presentation from Osisko Gold Royalties Ltd., which describes itself as a leading growth-oriented royalty company. The presentation contains forward-looking statements regarding Osisko's expectations for growth, production, and opportunities. However, it notes that there are risks and uncertainties inherent in forward-looking information that could cause actual results to differ from expectations. The presentation provides cautionary notes for investors regarding mineral resource and reserve estimates according to Canadian and U.S. standards.
This document discusses Osisko Gold Royalties, a leading growth-oriented royalty company. It notes that global debt levels, inflationary pressures, and political instability are increasing risks, while gold mine supply is expected to contract. This creates a bullish outlook for gold as a safe haven investment. Osisko is well positioned to benefit from these trends as a gold-focused royalty company.
- Osisko reported Q2 2020 results with 12,386 GEOs earned and revenues of C$28.7 million. Cash flow from operating activities was C$15.4 million and net earnings were C$13.0 million.
- Highlights included the Eagle Gold mine achieving commercial production and Osisko improving its silver stream on the Gibraltar mine.
- Osisko provided an outlook for 33,000-35,000 GEOs for the second half of 2020 and 63,500-65,500 GEOs for the full year.
This presentation provides an overview of Osisko Gold Royalties Ltd., a leading growth-oriented royalty company. Some key points:
- Osisko has over 150 royalties, streams and precious metals offtakes, diversifying its cash flow from 17 producing assets.
- Its portfolio includes flagship assets like Canadian Malartic (5% NSR) which is expected to extend its mine life through 2039 thanks to the new Odyssey underground project.
- Other assets like Mantos Blancos, Eagle, and Eleonore provide steady production while development assets like Cariboo and San Antonio are maturing.
- Osisko has a high-margin business model with low costs and free upside exposure
Osisko is a leading growth-oriented royalty company with over 150 royalties, streams and precious metals offtakes. It has a high-quality portfolio that is diversified by asset, operator and geography. Key assets include a 5% royalty on Canadian Malartic, the largest gold mine in Canada, which is expected to extend its mine life significantly through an underground project. Osisko also has interests in producing assets like Eagle and royalties on development projects like Cariboo that are maturing. The company has a sustainable business model with high margins and pursues growth through both its existing portfolio and new acquisitions.
- Osisko Gold Royalties is an expert at unlocking value from top low-risk assets in North America, with 76% of asset net present value in North America and 64% in Canada.
- They have over 135 royalty, stream, and offtake assets, with over C$900 million available for deploying into new opportunities.
- In 2019, Osisko earned 57,727 attributable gold equivalent ounces year-to-date, with a 90% cash margin earned on gold equivalent ounces received.
Osisko Gold Royalties is a world-class growth-oriented royalty company that holds a portfolio of over 135 royalties, streams, and other interests focused primarily on precious metals. The document discusses Osisko's history of growth in the mining sector over the past 13 years from 2004 to 2017, starting with no assets and growing its portfolio value to over $10 billion currently. It also contains standard cautionary statements about forward-looking information and mineral reserve estimates.
Osisko is acquiring Orion's portfolio of 6 streams, 61 royalties and 7 offtakes for total consideration of C$1,125 million. This transaction more than triples Osisko's number of producing assets and doubles its near-term cash flow. The combined company will have a highly attractive portfolio of world class development and exploration royalties with expected cash flow growth of 13% per year through 2023. The transaction creates a leading precious metals royalty and streaming company with a strong growth profile and focus on North America and gold.
This corporate presentation discusses Osisko Gold Royalties Ltd's performance and portfolio:
- Osisko has generated over $700 million in cash and available credit with $221.7 million in investments and a steadily increasing dividend. Revenues have grown from $45.4 million to $62.7 million from 2015 to 2016.
- Osisko has a high quality portfolio of gold royalties focused on North America, including two premier producing assets in Quebec and Ontario. The portfolio provides cash flow from producing assets and optionality from over 50 exploration stage royalties.
- The presentation is intended to assist investors and includes forward-looking statements and cautions about mineral resource estimates according to Canadian versus U.S
- Osisko holds high quality gold royalties on producing assets in Quebec, Ontario, and British Columbia that are expected to provide over 43,000 attributable GEOs in 2017, growing to over 46,000 GEOs.
- The largest royalty is a 5% NSR on the Canadian Malartic mine, the largest gold mine in Canada, which is expected to provide over 30,000 GEOs in 2017.
- Other key royalties include a 2.0-3.5% NSR on the Éléonore mine, a 1.7-2.55% NSR on the Island Gold mine, and a silver stream on the Gibraltar mine.
Osisko is a leading growth-oriented royalty company trading at a discount to peers. It has over 175 royalties, streams and offtakes on North American assets. A cornerstone royalty is held on Canadian Malartic, Canada's largest gold mine, which is transitioning to underground mining and has exploration potential. The portfolio is on track to deliver leading growth within the royalty sector and benefits from high margins, diversification and leverage to rising gold prices.
Osisko Gold Royalties is the fourth largest precious metal royalty company, with a portfolio of over 160 royalties, streams and precious metal offtakes focused in North America. A cornerstone royalty is held on Canadian Malartic, Canada's largest gold mine. The portfolio is positioned to deliver leading growth within the royalty sector from its primarily margin-based business trading at 1x P/NAV and offering a 1.4% dividend yield.
Osisko Gold Royalties is the fourth largest precious metal royalty company, with a portfolio of over 160 royalties, streams and precious metal offtakes focused in North America. A cornerstone royalty is held on Canadian Malartic, Canada's largest gold mine. The portfolio is expected to deliver leading growth within the royalty sector. Osisko holds over 160 royalties, streams, and offtakes across North America, has a 97% margin business, trades at 1x P/NAV, and has a 1.4% dividend yield.
Osisko is the leading growth-oriented royalty company, with over 160 royalties, streams and offtakes focused in North America. It has a high-quality portfolio that is on track to deliver leading growth within the royalty sector. Key assets include a 5% royalty on Canadian Malartic, Canada's largest gold mine. The portfolio is diversified across gold, silver and other commodities and is located in low-risk jurisdictions. Osisko has a strong ESG focus and aims to finance global decarbonization initiatives through carbon credit streaming. The company is well positioned to benefit from catalysts across its portfolio as many assets are moving toward development and expansion.
This document provides an overview of Osisko Gold Royalties Ltd., a leading growth-oriented royalty company. Some of the key points include:
- Osisko has over 160 royalties, streams and offtakes focused in North America, including a cornerstone royalty on Canada's largest gold mine, Canadian Malartic.
- In 2021, Osisko is expected to deliver 80,000 GEOs from its high-quality portfolio of assets located in favorable jurisdictions.
- Osisko has a strong financial position with $79.8 million in cash and $661.9 million in investments as of Q3 2021.
- The company prioritizes returns to shareholders through dividends
This document provides an overview of Osisko Gold Royalties Ltd, which is described as the leading growth-oriented royalty company. Some key points:
- Osisko has over 160 royalties, streams and offtakes focused in North America, including a cornerstone royalty on Canada's largest gold mine, Canadian Malartic.
- In 2021, Osisko is expected to deliver 80,000 GEOs from its portfolio.
- The company has a high margin business model with 97% of revenue coming from royalties and streams, no capital costs, and leverage to rising gold prices.
- Osisko's portfolio is well-diversified by asset, commodity, and
This document discusses Osisko Gold Royalties, a leading growth-oriented royalty company. It notes that Osisko holds royalties, streams and other interests that are primarily on precious metals assets. The document highlights some of the key benefits of the royalty business model, including that it is highly efficient and scalable. It also outlines some of the bullish factors for gold, such as rising inflation, negative real interest rates, and potential supply contractions. The document contains forward-looking statements and non-IFRS measures.
- Osisko reported results for Q2 2018, with gold equivalent ounces earned of 20,506, an 89% increase over Q2 2017.
- Cash flows from operating activities were $19.7 million, up from $14.1 million in Q2 2017. Adjusted earnings were $3.7 million, down from $7.1 million in Q2 2017 due to higher finance costs.
- Osisko is on track to achieve its 2018 guidance of 77,500 to 82,500 gold equivalent ounces and expects strong production in the second half of the year with steady increases through 2019 and 2020.
This document discusses Osisko Gold Royalties, a leading growth-oriented royalty company. It notes that Osisko provides a safe haven investment given increasing global risks and a bullish case for gold. The royalty model Osisko employs is highlighted as highly efficient and scalable with low capital requirements and operating costs.
This presentation discusses Osisko Gold Royalties' portfolio of over 180 royalties, streams and offtakes. It highlights that the portfolio has exposure to 20 producing assets as well as a robust development pipeline. A key asset is Osisko's cornerstone royalty on the Canadian Malartic mine. The presentation also notes that Osisko has a senior-quality portfolio with a 93% cash margin business, a market capitalization of C$3.2 billion, and projected 2022 cash flows from operations of C$175 million.
This document discusses Osisko Gold Royalties Ltd, which is a leading growth-oriented royalty company. It presents the bullish case for gold as an inflation hedge and safe haven investment given current global economic challenges. The royalty model provides highly efficient exposure to gold and other commodities with limited exposure to operating risks and capital requirements compared to traditional mining.
Osisko Gold Royalties has a senior-quality portfolio with a cornerstone 5% royalty on Canadian Malartic, one of Canada's largest gold mines. The portfolio includes 20 producing assets, with 99% from precious metals and 73% in Canada. Osisko delivered record production in 2022 and has a pipeline of growth opportunities from ongoing expansions and exploration. Recent acquisitions added royalties on large copper and gold discoveries in top jurisdictions.
Osisko is a leading growth-oriented royalty company focused on North America. It has a portfolio of over 165 royalties, streams and offtakes generating over 90,000 GEOs annually. Key producing assets in the portfolio include Canadian Malartic, Mantos, Eagle, Eleonore, Island Gold, Lamaque, Renard and Gibraltar, which are performing well and have exploration and expansion potential to increase future production. Osisko emphasizes ESG practices and aims to be a responsible operator.
This document contains forward-looking statements and disclaimers regarding Osisko Gold Royalties, a company that holds royalties, streams and other interests in mining assets. It notes that estimates and expectations described in the document are forward-looking and subject to risks and uncertainties. The document also contains information on Osisko's asset portfolio, cash margin, and qualified persons for reporting technical information.
Similar to Osisko Gold Royalties Corporate Presentation - January 2018 (18)
This document presents Osisko Gold Royalties as having a senior-quality precious metals portfolio anchored by a 5% royalty on Agnico Eagle's Canadian Malartic mine. It notes the portfolio has leading organic growth potential with estimated attributable gold equivalent ounce delivery growth of around 30% over the next 5 years. The portfolio also has the highest concentration of assets in low-risk, Tier 1 mining jurisdictions.
- Osisko holds a senior-quality portfolio of precious metal royalties and streams anchored by a 5% NSR royalty on Agnico Eagle's Canadian Malartic Complex, one of Canada's largest gold mines.
- The portfolio has leading organic growth potential with estimated attributable GEO delivery growth of ~30% by 2028 based on Osisko's 5-year outlook.
- Over 80% of Osisko's assets are located in low-risk Tier 1 mining jurisdictions like Canada, the USA, and Australia.
This document discusses Osisko Gold Royalties' senior-quality precious metal portfolio, leading growth potential, and 2024 guidance. It highlights Osisko's 19 producing assets anchored by a 5% royalty on Agnico Eagle's Canadian Malartic mine. It also notes Osisko's peer-leading organic growth profile with 30% expected growth in attributable gold equivalent ounces by 2028 based on its 5-year outlook. Additionally, it states that Osisko has the highest concentration of assets in low-risk Tier 1 mining jurisdictions.
Osisko's senior-quality portfolio includes 19 producing assets anchored by a 5% NSR royalty on Agnico Eagle's Canadian Malartic Complex, one of Canada's largest gold mines. The portfolio has peer-leading organic growth potential with attributable GEO delivery growth of ~30% expected by 2028 based on Osisko's 5-year outlook. Over 75% of Osisko's assets are located in low-risk Tier 1 mining jurisdictions like Canada and the US.
The document provides forward-looking statements and cautionary notes regarding Osisko Gold Royalties' full year and Q4 2023 results. It summarizes that Osisko earned a record 94,323 gold equivalent ounces in 2023, up from 89,367 ounces in 2022. It also notes that the document contains forward-looking production estimates and guidance for 2024-2028 based on disclosure from operators of properties in Osisko's portfolio. The document cautions that several risk factors could cause actual results to differ from forward-looking statements and that Osisko relies on public disclosures from other issuers and third parties regarding its assets.
This document provides an overview of Osisko Gold Royalties Ltd.'s senior-quality precious metals portfolio and leading growth potential. It highlights key assets such as a 5% royalty on Agnico Eagle's Canadian Malartic Mine, which is expected to produce around 580koz of gold annually through 2028. It also summarizes the benefits of the royalty and streaming business model and Osisko's focus on tier 1 mining jurisdictions. In addition, it outlines recent transactions and drivers of value such as growth, performance, and business simplification.
This document provides an overview of Osisko Gold Royalties Ltd., a senior precious metals portfolio focused on growth. Key points:
- Osisko has 23 producing royalty and streaming assets anchored by a 5% royalty on Agnico Eagle's Canadian Malartic mine.
- Production is expected to grow by ~30% by 2027 based on Osisko's 5-year outlook, driven by assets undergoing expansion.
- Assets are predominantly in low-risk, Tier 1 jurisdictions like Canada and have mining partners including Agnico Eagle.
- The royalty and streaming business model provides leverage to metals prices with low costs and optionality.
This document provides an overview of Osisko Gold Royalties Ltd., a senior precious metals portfolio focused on growth. Key points include:
- Osisko has 23 producing royalty and streaming assets anchored by a 5% royalty on Canadian Malartic mine.
- Production is expected to grow 30% by 2027 to over 100k GEOs, driven by assets undergoing expansion.
- Assets are predominantly in low-risk, Tier 1 jurisdictions like Canada and Australia.
- The royalty and streaming model provides leverage to metals prices with high margins and no operating costs.
- Osisko reported Q3 2023 results with 23,292 gold equivalent ounces earned, generating record quarterly revenues of $62.1 million.
- Production is trending towards the lower end of 2023 guidance of 95,000-105,000 gold equivalent ounces due to the suspension of operations at Renard diamond mine.
- Osisko acquired a new 1% gold net smelter return royalty on the Namdini gold project in Ghana from Savannah Mining for $35 million.
- The company has $70.8 million in cash and a $315.4 million credit facility to pursue growth opportunities.
This document provides an overview of Osisko Gold Royalties Ltd., a senior precious metals portfolio with leading growth potential. Key points include:
- Osisko has a portfolio of 23 producing royalty and streaming assets anchored by a 5% royalty on Agnico Eagle's Canadian Malartic mine.
- The portfolio is expected to deliver approximately 30% growth in attributable gold equivalent ounces by 2027 based on Osisko's 5-year outlook.
- Nearly 80% of Osisko's assets are located in low-risk tier 1 mining jurisdictions like Canada and Australia.
- The document highlights several of Osisko's flagship assets and operating partners.
The document presents Osisko Gold Royalties as having a senior-quality precious metals portfolio anchored by a 5% royalty on Canadian Malartic mine, with peer-leading organic growth of approximately 9% annually over the next 5 years from its portfolio concentrated in low-risk jurisdictions. It also notes Osisko's disciplined capital allocation approach and track record of accretive acquisitions and significant capital returns to shareholders.
This document provides an overview of Osisko Gold Royalties Ltd., a leading intermediate gold and metal royalty company. It highlights Osisko's senior-quality portfolio consisting of over 180 royalties, streams, and offtakes on 23 producing assets as well as development projects. Key assets in the portfolio include a 5% royalty on Canadian Malartic, one of Canada's largest gold mines. The document also notes Osisko's strong ESG practices and commitment to diversity and sustainability. It concludes by summarizing recent value creating transactions and growth drivers across the portfolio that are expected to deliver production growth through 2027.
- Q2 2023 results showed 24,645 gold equivalent ounces earned, revenues of C$60.5 million, and adjusted earnings of C$32.6 million. Cash flow from operations was C$47.4 million.
- Significant accomplishments included closing the CSA silver and copper streams transaction for US$150 million and increasing the effective stream percentage on Gibraltar to 87.5%.
- Osisko maintains a high-quality portfolio of royalty and streaming assets, with a high precious metal weighting, low-cost producers, and partnerships with top mining companies. This provides exposure to a diversified mix of short and long-term growth opportunities.
This document provides an overview of Osisko Gold Royalties Ltd., a leading gold royalty and streaming company. It highlights Osisko's senior-quality portfolio of over 180 royalties, streams and offtakes, which are 93% margin business. The portfolio has exposure to 20 producing assets and a robust development pipeline. Key assets include the flagship 5% net smelter return royalty on Canadian Malartic mine in Quebec, 100% silver stream on Mantos Blancos mine in Chile, 5% net smelter return royalty on Eagle mine in Yukon, and 2.2-3.5% net smelter return royalty on Eleonore mine in Quebec. The document also discusses Osisko's strong E
1) The document outlines the agenda and resolutions for Osisko Gold Royalties Ltd.'s 2023 Annual Meeting of Shareholders on June 7, 2023. Resolutions include electing directors, appointing auditors, approving stock options, and an advisory vote on executive compensation.
2) Osisko achieved record financial and operating results in 2022, including record revenues, cash flows, and adjusted earnings. The company also acquired additional streams and royalties and continued expanding its portfolio.
3) The outlook forecasts continued production growth from Osisko's assets over the next 5 years, driven by expansion projects and increased throughput at existing mines.
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MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUESWilliamRodrigues148
Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. They are managed by professional portfolio managers or investment companies who make investment decisions on behalf of the fund's investors.
World economy charts case study presented by a Big 4
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2. Certain statements contained in this presentation may be deemed "forward-looking statements“ within the meaning of applicable Canadian and U.S. securities laws. All statements in this presentation, other than statements of historical fact,
that address future events, developments or performance that Osisko Gold Royalties Ltd (the "Corporation” or “Osisko” ) expects to occur, including managements’ expectations regarding the Corporation’s growth, results of operations,
estimated future revenues, requirements for additional capital, mineral reserve and mineral resource estimates, production estimates, gold equivalent ounces, production costs and revenue, future demand for and prices of commodities,
business prospects and opportunities are forward looking statements based on certain estimates and assumptions, and no assurance can be given that the estimates and assumptions will be realized. Forward looking statements are
statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "scheduled" and similar expressions or variations
(including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur including, without limitation, that all conditions precedent to the closing of the transaction between the Corporation and Orion Mine
Finance Group (the "Transaction") will be met and the realization of the anticipated benefits deriving therefrom for shareholders of the Corporation, the view on the quality and the potential of the Corporation’s assets, production forecasts
for properties in which the Corporation holds a royalty, stream or other interest. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements
involve known and unknown risks, uncertainties and other factors and are not guarantees of future performance and actual results may accordingly differ materially from those in forward looking statements. Factors that could cause the
actual results to differ materially from those in forward-looking statements include, without limitation: acceptance of the Transaction by the Corporation’s shareholders; the completion of a concurrent private placement to fund and support
the Transaction; the ability of the parties to receive, in a timely manner, the necessary regulatory and other third party approvals; the ability of the parties to satisfy, in a timely manner, the conditions to the closing of the Transaction; the
ability of Osisko to realize the assumed benefits of the Transaction; fluctuations in the prices of the commodities that drive royalties held by the Corporation; fluctuations in the value of the Canadian dollar relative to the U.S. dollar; risks
related to the operators of the properties in which the Corporation holds a royalty or other interest; the unfavorable outcome of litigation relating to any of the properties in which Osisko holds a royalty or other interest; development,
permitting, infrastructure, operating or technical difficulties on any of the properties in which the Corporation hold a royalty or other interest; rate and timing of production differences from mineral resource estimates or production forecasts
by operators of properties in which the Corporation hold a royalty or other interest; risks and hazards associated with the business of exploring, development and mining on any of the properties in which the Corporation hold a royalty or
other interest, including, but not limited to unusual or unexpected geological and metallurgical conditions, slope failures or cave-ins, flooding and other natural disasters or civil unrest; regulatory changes by national and local government,
including corporate law, permitting and licensing regimes and taxation policies; regulations and political or economic developments in any of the countries where properties in which the Corporation hold a royalty or other interest are located
or through which they are held); continued availability of capital and financing and general economic, market or business conditions; business opportunities that become available to, or are pursued by the Corporation; the impossibility to
acquire royalties and to fund precious metal streams; other uninsured risks. The forward looking statements contained in this presentation are based upon assumptions management believes to be reasonable, including, without limitation:
the ongoing operation of the properties in which the Corporation holds a royalty or other interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures
made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities that underlie the asset portfolio; no adverse development in respect of any significant property in which the
Corporation holds a royalty, stream or other interest; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; and the absence of any other factors that could cause actions,
events or results to differ from those anticipated, estimated or intended. For additional information on risks, uncertainties and assumptions, please refer to the Corporation’s most recent Annual Information Form filed on SEDAR at
www.sedar.com and on EDGAR at www.sec.gov. The Corporation cautions that the foregoing list of risk and uncertainties is not exhaustive. Investors and others who base themselves on the forward looking statements contained herein
should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Corporation believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance
can be given that these expectations will prove to be correct and such forward-looking statements included in this presentation should not be unduly relied upon. These statements speak only as of the date of this presentation. The
Corporation undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by applicable law.
Safe Harbour Statement
This presentation has been prepared for informational purposes only in order to assist prospective investors in evaluating an investment in Osisko Gold Royalties Ltd.
Inquiries regarding this confidential presentation can be made to the senior management of the Corporation.
Cautionary Note to U.S. Investors Regarding Mineral Reserve and Mineral Resource Estimates
Osisko is subject to the reporting requirements of the applicable Canadian securities laws, and as a result, reports its mineral resources and reserves according to Canadian standards. Canadian reporting requirements for disclosure of mineral
properties are governed by National Instrument 43-101 (“NI 43-101”). The definitions of NI 43-101 are adopted from those given by the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”). U.S. reporting requirements are
governed by the Industry Guide 7 (“Guide 7”) of the Security and Exchange Commission ("SEC"). This presentation includes estimates of mineral reserves and mineral resources reported in accordance with NI 43-101. These reporting
standards have similar goals in terms of conveying an appropriate level of confidence in the disclosures being reported, but embody different approaches and definitions. For example, under Guide 7, mineralization may not be classified as a
“reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Consequently, the definitions of “Proven Mineral Reserves”
and “Probable Mineral Reserves” under CIM standards differ in certain respects from the standards of the SEC. Osisko also reports estimates of “mineral resources” in accordance with NI 43-101. While the terms “Mineral Resource,”
“Measured Mineral Resource,” “Indicated Mineral Resource” and “Inferred Mineral Resource” are recognized by NI 43-101, they are not defined terms under standards of the SEC and, generally, U.S. companies are not permitted to report
estimates of mineral resources of any category in documents filed with the SEC. As such, certain information contained in this presentation concerning descriptions of mineralization and estimates of mineral reserves and mineral resources
under Canadian standards is not comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the SEC. Readers are cautioned not to assume that all or any part of
Measured Mineral Resources or Indicated Mineral Resource exists, or is economically or legally mineable. Further, an “Inferred Mineral Resource” has a great amount of uncertainty as to its existence and as to its economic and legal
feasibility, and a reader cannot assume that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or
other economic studies.
Mr. Luc Lessard is the qualified person for this release as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and verified the technical information contained herein. Mr. Luc Lessard is an
employee of Osisko Gold Royalties and is non-independent.
Forward Looking Statements
2
3. $0
$2
$4
$6
$8
$10
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Osisko’s History in the Mining SectorInC$Billions
OVER THE YEARS, OSISKO AND ITS ASSOCIATES HAVE GENERATED OVER $9 BILLION OF VALUE
EXPERIENCED
MANAGEMENT
TEAM
STRONG
TECHNICAL
TEAM
STRONG HISTORY
OF VALUE
CREATION
CREATION OF
ACCELERATOR
COMPANIES
SALE OF CANADIAN
MALARTIC AND SPIN-
OUT OF OSISKO GOLD
ROYALTIES
ACQUISITION OF
VIRGINIA BY OSISKO
GOLD ROYALTIES
1ST SALE OF VIRGINIA
SUCCESFUL DEVELOPMENT, CONSTRUCTION AND
FINANCING OF THE CANADIAN MALARTIC GOLD MINE
ACQUISITION OF ORION
MINE FINANCE ROYALTY
PORTFOLIO BY OSISKO
GOLD ROYALTIES
3
4. 4
Osisko’s Business Model
CAPITAL & HUMAN
RESOURCES
DEPLOYMENT
TRADITIONAL ROYALTY
& STREAMING BUSINESS
ACCELERATOR BUSINESS
ORION PORTFOLIO | ~C$1.1B
BACK FORTY STREAM | ~C$70M
GIBRALTAR STREAM | ~C$50M
OSISKO MINING
Largest drilling campaign in the world
FALCO RESOURCES
Completing feasibility study
BARKERVILLE
Recording solid exploration results and
commencing small-scale mining
OSISKO METALS
Creation of new vehicule focused on base metals
STRONGBOW
New tin and strategic metal vehicle
75% 25%
2017ACHIEVEMENTS
10. Canada
73%
U.S.
7%
Chile 8%
Other 12%
Gold
70%
Silver
16%
Diamond
12%
Other 2%
Production
62%
Construction /
Ramp-Up
14%
Development
18%
Exploration 6%
North American Gold Focused Portfolio
Royalty
57%
Stream
38%
Offtake 5%
Source: Pro forma Osisko management estimates.
NPV by TypeNPV by Stage
2017-20 Cash Flow by MetalNPV By Geography
10
11. 11
Best in Class Portfolio: Growth & Diversification
Growth and diversification while maintaining low risk
Consensus 2017-20 Cash Flow Growth (%)
Source: Research reports and Osisko management estimates.
1. Excludes Brucejack stream.
2. Royal Gold and Wheaton Precious Metals above 100% due to debt on balance sheet.
1
53%
21%
12% 11%
Osisko Franco-
Nevada
Wheaton
Precious Metals
Royal
Gold
13. 13
Updates on Cash Flowing Assets
2.2 - 3.5% NSR
Fifth mining horizon on track for
early 2018
Mine grade expected to increase
in the second half of 2017
Significant drilling in the regional
area with potential for satellite
deposits
ÉLÉONORE
GIBRALTAR
CANADIAN
MALARTIC
SEABEE
5% NSR
Q2 record quarterly production –
57,000 tpd
Government of Québec approval
for deviation of highway
Barnat Zone deviation work has
begun
ISLAND
GOLD
1.38-2.55% NSR
Recently acquired by Alamos Gold
Well-funded operator for
exploration at the mine
H1 production over forecast.
Potential for increased guidance
Discovery to the East – 20.6 g/t
over 11.3m
RENARD
1-4% GSR
Q1 P&P mineral reserves were
doubled to 2.1 Moz
2017 production expected to
double with lower costs
BALD
MOUNTAIN
BRUCEJACK1
4% Au, Ag STREAMS
First gold pour on June 20, 2017
Commercial production declared
on July 3
Higher grade ore introduced in
the process plant
9.6% DIAMOND STREAM
Two operating quarters and seven
sales completed
6,000 tpd nameplate capacity
achieved for June 2017
7,000 tpd scheduled for 2018
First tender sales well-attended
75% Ag STREAM
Higher copper production in Q2
Cash costs at new low
Grades better than expected
3% NSR
Strong PEA supports mine expansion
plan
Record monthly ore milled at
approximately 1,050 tpd in June 2017
50% increase in mineral reserves year
on year and 43% increase in M&I
Estimated gold production of 120,000
ounces in 2020
Continued exploration success at
Santoy
1. Subject to a 100% buy-back provision by the operator in 2018
14. 14
Updates on Near & Medium-Term Cash Flowing Assets
0.85% NSR
Acquired by Eldorado Gold
Developement of Lamaque
currently advancing
Ramp driven down to facilitate
bulk samping
LAMAQUE
CARIBOO
AMULSAR
BACK FORTY
4.22% Au, 62.5% Ag STREAMS
2.4 Moz of P&P mineral reserves
72% OF Capex commited as of June
30, 2017
Construction power and water in
place, warehouse erected, site office
completed
Start of concrete and equipement
assembly
WINDFALL
1.5% NSR
Largest exploration program in
Canada recently extended to
800,000 metres
Metallurgical program commenced
Permit received for dewatering of
ramp
HERMOSA HORNE 5
1% NSR
Completing feasibility study on
the Horne 5 deposit
Currently 7 drills turning on
regional land package
$28.7M financing in June 2017
1% NSR
Fully funded through 2018
Nine drills on site focused on
expanding Taylor Sulfide Zone
Recent PEA defines a 10,000 tpd
operation conventional flotation
mill
2.25% NSR
Expect to see near-term cash flow
from small-scale operation
Started collaring ramp
Very good exploration results
18.5% Au,- 75% Ag STREAMS
3 out of 4 permits granted
PEA highlights 16 years mine life
and 5,350 tpd throughput
Feasibility expected H2 2017
Potential for mine life extension
3% & 5% NSR
During Q2, 35 holes drilled to define
internal mineralization zones
Initial inferred mineral resources of
1.43 Moz (20.7 million tonnes
grading 2.15 g/t gold) for North and
South Odyssey Zones.
Near-term production (2018-2020)
from Odyssey South
ODYSSEY
NORTH & SOUTH
15. 150,000 172,000
102,000 120,000 119,000
65,000
35,000 30,000
250,000
115,000
130,000 100,000 81,000
50,000
40,000 40,000
60,000 30,000 25,800 12,500
400,000
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
Windfall Island Gold Cariboo Canadian
Malartic
Lamaque Hermosa* Horne5 Éléonore Seabee Urban Barry Upper
Beaver
Orenada
2016 2017 Recently Announced
OVER 930,000 METRES OF DRILLING ON OUR ROYALTIES PLANNED FOR 2017 (> 800,000 m IN 2016)
15
SIGNIFICANT INVESTMENT BY OPERATORS ON OSISKO’S ROYALTY PROPERTIES;
RESERVES & RESOURCES UPSIDE AT NO COST TO OSISKO
The Drills Are Turning – Upside on Growth Portfolio
ZERO-COST TO
OSISKO GOLD
ROYALTIES
Notes:
- Assumption based on current programs
* $10 million budget (assumes $250 per metre)
(2)
Drilling Metres
16. CARIBOO PROJECT
HORNE 5 PROJECT
WINDFALL LAKE
PROJECT
15.5%
32.7%
PARTICIPATION
12.8%
12.7%
Osisko & Associates
Osisko and its associates are the most
important contributors to exploration in
Québec and Canada with over 700,000 m
being drilled over 2 years 16
We look forward to participating &
supporting the development of the
two next Québec gold mines
17. 17
Significant Value Creation Through Investment Portfolio
VALUE OF INVESTMENT
PORTFOLIO1 (C$M)
1. Fair value of marketable securities in associates and other as at Dec. 31, 2017
2. Refer to January 9, 2018 press release.
+
VALUE OF NEW ROYALTY
PURCHASES (C$M)
$70.0
$84.0
Realized Gain Paid Value of New
Royalties
$345.4
$411.3
Acquired Cash Price Market Value at Dec. 31 2017
$58.3M of
Flow-Through
2
18. SUMMARY
THE WORLD’S PREMIER
GROWTH-ORIENTED
ROYALTY COMPANY
OVER 130
ROYALTIES,
STREAMS AND
METAL OFFTAKES
16
CASH FLOWING
ASSETS
DIVIDEND YIELD
~1.2%
5
CORNERSTONE
ASSETS
PRECIOUS METAL
FOCUSED
AMERICAS
FOCUSED
PORTFOLIO
55,300 to
65,700 oz
ATTRIBUTABLE
GEOs FOR 2017
C$300M
BOUGHT DEAL
OFFERING OF
CONVERTIBLE
DEBENTURES CLOSED
ON NOVEMBER 3, 2017
C$411M
IN INVESTMENTS
As at Dec. 31, 2017
C$109M
IN CASH
As at Sep. 30, 2017
20. Canadian Malartic (5% NSR): One of Canada's largest gold mines operated by well-regarded operators
Éléonore (2-3.5% NSR): Long-life mine ramping-up production operated by a senior operator
Renard (9.6% Diamond Stream): Québec's first diamond mine with 22.3M cts of reserves
Mantos (100% Ag Stream): Large Cu mine undergoing expansion, 3B lbs Cu resources with stable Ag production
Brucejack (4% Au, 4% Ag Stream)1: Large high grade underground mine with 8.1M oz of reserves
Cornerstone Assets in Top Jurisdictions
20
Quality Cash Flowing Assets
Other Cash Flowing Assets
Gibraltar (75% Ag Stream)
Island Gold (1.38-2.55% NSR)
SASA (100% Ag Stream)
Seabee (3% NSR)
Bald Mountain (1-4% GSR)
Kwale (1.5% GRR)
Brauna (1% GRR)
Vezza (5% NSR, 40% NPI)
Parral (100% Au, Ag Offtake)
San Ramon (51% Au Offtake)
Matilda (55% Au Offtake)
Brucejack (50% Au Offtake)
Near & Medium-Term Cash Flowing Assets
Amulsar (4.22% Au, 62.5% Ag Stream)
Amulsar (82% Au Offtake)
Back Forty (18.5% Au, 75% Ag Stream)
Cariboo (2.25% NSR)
Windfall (1.5% NSR)
Horne 5 (1% NSR)
Hermosa (1% NSR)
1. Subject to a buy-back provision.
Denotes acquired assets.
21. 21
OPERATORS: Agnico Eagle (50%) / Yamana Gold (50%)
LOCATION: Malartic, Québec
RESERVES: P&P mineral reserves of 7.1 M oz Au1
ROYALTY:
5% NSR royalty
$0.40/tonne on milled ore from
outside the current property area for
life of mill starting in June 2021
Q2 2017 PRODUCTION: 165.0 K oz2 (7,407 oz earned for Osisko)
OPERATOR
GUIDANCE (Au):
2017: 600 k oz
2018: 650 k oz
2019: 640 k oz
OSISKO
ATTRIBUTABLE
GEOs:
2017: 30.5 to 31.5 k oz
2018: 33 k oz
2019: 32.5 k oz
1. See Appendix for full disclosure on Reserves & Resources.
2. Based on Agnico Eagle’s press release dated July 26, 2017, titled: “Agnico Eagle Reports Second Quarter 2017 Results…”
Canadian Malartic Royalty – 5% NSR
THE LARGEST
GOLD MINE
IN CANADA
PROVEN & PROBABLE
MINERAL RESERVES OF
7.1 M oz Au1
CANADIAN MALARTIC EXTENSION
PROJECT RECEIVES GOVERNMENT
OF QUEBEC APPROVAL
22. 22
Canadian Malartic Exploration Upside| Odyssey North & South
1. Based on Agnico Eagle’s press release dated July 26, 2017, titled: “Agnico Eagle Reports Second Quarter 2017 Results…”
2. Based on Agnico Eagle’s press release dated February 15, 2017, titled: “Agnico Eagle Reports Fourth Quarter and Full Year 2016 Results…”
NEAR-TERM PRODUCTION POTENTIAL
(2018-2020) FROM ODYSSEY SOUTH
UNDERGROUND2
FURTHER PRODUCTION GROWTH
POTENTIAL FROM ODYSSEY NORTH
UNDERGROUND
(2021 AND BEYOND)2
1.43MozAu
InferredResources1
andgrowing
OSISKO HOLDS A 5% NSR ROYALTY ON THE
ODYSSEY SOUTH ZONE AND A 3% NSR
ROYALTY ON THE ODYSSEY NORTH ZONE
Initial inferred mineral resources of 1.43
Moz (20.7 million tonnes grading 2.15 g/t
gold) for North and South Odyssey Zones.
During the second quarter of 2017, 35 holes (totaling
25,759 metres) were drilled at Odyssey with a
primary focus on further defining the internal
mineralized zones between the Odyssey North and
South Zones and expanding the mineral resources in
Odyssey South1.
25. 25
1. See Appendix for full disclosure on Reserves & Resources.
2. Based on Goldcorp press release dated July 26, 2017, titled “Goldcorp Reports Second Quarter 2017 Results”.
OPERATOR: Goldcorp (100%)
LOCATION: James Bay, Québec
RESERVES: P&P mineral reserves of 4.57 M oz Au1
ROYALTY:
2.0% NSR on the first 3 M oz of Au
0.25% increase for every additional
1M oz of production thereafter, to a
maximum of 3.50%
+10% if Au is higher than US$500/oz
Q2 2017 PRODUCTION: 66 k oz2 (1,748 oz earned for Osisko)
2017 OPERATOR
GUIDANCE:
315 k oz2
2017 OSISKO
ATTRIBUTABLE GOLD
OUNCES:
6.8 to 7.0 k oz
OSISKO ATTRIBUTABLE
GOLD OUNCES AT FULL
PRODUCTION:
GROWING TO > 10,000 - 15,000 OZ FIFTH PRODUCTION HORIZON IN 2018
RAMP UP TO FULL PRODUCTION BY 2020
4.57MozAuPotentialto1,500m
Éléonore Royalty – 2.0 to 3.5% NSR
26. 26
Operator: Stornoway
Primary
Commodity:
Diamond
Location: North-Central Québec, Canada
Reserves:
Resources:1
P&P reserves of 22.0M carats
M&I of 0.9M and inferred of 13.4M carats
Stream:
9.6% Stream on diamonds
US$50/carat transfer payment
- 1% annual inflation starting 3 years after
commercial production
No cap on current reserve pipes
Production:
Total mine: LOM avg. of 1.6M cts/year
Stream attributable: 15.3k GEOs in full year 2017
9.6% Renard Diamond Stream
P&P RESERVES OF
22.3 M CARATS
QUÉBEC’S FIRST
DIAMOND MINE
Producing world class diamond mine in Québec
Québec organizations invested (Investissement Quebec, La Caisse
and Fonds)
Scarcity of new diamond mines globally
Upside from M&I and inferred and all pipes remain open at depth
Significant upside potential from recovery of large stones
Quality operator with strong balance sheet
Caisse owns separate 4% stream on Renard and Investissement
Quebec owns a 2% NSR royalty
Source: Company disclosure and Osisko management estimates.
1. Exclusive of reserves. See slide 40 for detailed R&R statement.
27. 27
100% Mantos Silver Stream
Operator: Mantos Copper (private company owned by Orion)
Primary
Commodity:
Copper
Location: Antofagasta, Chile
Stream:
100% stream on silver production; reducing to
30% after 19.3M oz
Transfer payments based on 25% of the prevailing
spot silver price
50% buy-down option exercisable in 2020, 2021,
or 2022 for US$70M
Production:
Total mine:
2017-20 avg. payable production of 0.6M oz Ag
Avg. payable production of 1M oz Ag from 2021
onwards; sulphide expansion assumed in 2021
Stream Attributable: 7.1k GEOs in full year 2017
Well-established operating copper mine in top jurisdiction
Ex-Anglo American management team with strong understanding
of the mine and highly incentivized
Significant cost reductions and more de-bottlenecking in progress
Drilling underway to add resources
Limited historical regional exploration
3 BILLION POUND
COPPER RESOURCE
WITH A STABLE SILVER
BY-PRODUCT
A LARGE
COPPER MINE
UNDERGOING
EXPANSION
28. Operator: Pretium
Primary
Commodity:
Gold
Location: 65km north of Stewart BC. Canada
Reserves:
Resources:1
P&P reserves of 8.1M oz Au, 5.9M oz Ag
M&I of 9.1M oz Au, 7.9M oz Ag and inferred of 3.1M
oz Au, 4.0M oz Ag
Stream:
4% Stream on Au and Ag
US$400/oz Au, US$4.00/oz Ag transfer payment
50% offtake of Au and Ag representing an effective
NSR of 0.9%
Caps /
Buy-Down /
Buy-Back
Options:
Stream capped at 7.067M oz Au and 26.297M oz Ag
Full stream buyback option in 2018 and 2019 for
US$119M and US$136M resp.
Stream buy-down option in 2018 and 2019 for
US$75M
Offtake buy-down options (50% or 75% buyback) in
2018 and 2019
Production: Total mine: LOM avg. production of 404 koz Au/year
28
4% Au/Ag Brucejack Stream, 50% Au Offtake
NEAR TERM HIGH GRADE GOLD
PRODUCTION IN CANADA
Fast-tracking to first production
Quality operator with strong balance sheet
We have assumed stream could be bought-back for US$119M in 2018
Additional upside if stream not repurchased or Pretium undergoes a
change of control
Source: Company disclosure and Osisko management estimates.
1. Inclusive of reserves. See slide 40 for detailed R&R statement.
29. Brucejack Buy-Backs/Downs
29
Buy-Back 2018
On December 31, 2018, Pretium can elect to repurchase the 8% stream for
US$237MM (US$119M attributable)
Buy-Back 2019
On December 31, 2019, Pretium can elect to repurchase the 8% stream for
US$272M (US$136M attributable)
Buy-Down 2018
On December 31, 2018, Pretium can elect to buy-down the 8% stream to 3% by
making a US$150M payment (US$75M attributable)
Buy-Down 2019
On December 31, 2019, Pretium can elect to buy-down the 8% stream to 4% by
making a US$150M payment (US$75M attributable)
No Buy-Down/Buy-Back
If Pretium doesn’t exercise any of the buy-backs/down options, it shall pay
US$20M payment to Osisko and 8% stream will apply until the cap is reached
(US$10M attributable)
Change of Control (CoC)
In the event of a change of control at Pretium or the sale of Brucejack prior to
the earlier of Pretium’s reduction or repurchase of the stream or January 1,
2020, Pretium can repurchase the stream and Osisko can sell the stream to
Pretium for consideration equal to the greater of 13.6% of the consideration
received by Pretium or an amount of cash that generates a 15% rate of return on
the US$150M stream payment (US$75M attributable)
Details of Scenarios The Brucejack stream comprises a
meaningful asset in the acquired portfolio
To be conservative, Osisko has assumed
that the stream would be bought-back on
December 31, 2018 for US$119M
Equates to a return of 14% of the purchase
price
Should the asset not be bought-back on
December 31, 2018, it would positively
impact Osisko's IRR assessment
Stream payment to commence in 2020 or
2019 if only partially bought-back
30. 30
1. Based on Taseko’s guidance. Taseko does not report silver resources or reserves.
OPERATOR: Taseko (75%)
LOCATION: Cariboo Regional District, British Columbia
MINE PLAN: 23-year mine life
STREAM:
100% of Taseko’s share of payable
silver for the first 5.9M oz
35% of payable silver thereafter
US$2.75/oz silver transfer payment
SILVER PRODUCTION:
• 200 k oz from 2017 to 20301
• 350 k oz from 2031 to 2039+
OSISKO
ATTRIBUTABLE
GEOs:
Q2 2017 (3 AND 5 MONTHS): 800 GEOs
earned for Osisko
LONG LIFE
PRODUCING MINE
IN CANADA
Gibraltar Stream – 100% of Attributable Payable Silver
B.C.
31. 31
4.22%/62.5% Amulsar Au/Ag Stream, ~82% Au Offtake
Operator: Lydian
Primary
Commodity:
Gold
Location: Amulsar Mountain, Armenia
Reserves:
Resources:1
P&P reserves of 2.6M oz Au, 12.7M oz Ag
M&I of 3.5M oz Au, 17.5M oz Ag and inferred of 1.3M
oz Au, 7.6M oz Ag
Stream:
4.22% Stream on Au and 62.5% on Ag
US$400/oz, US$4.00/oz Au and Ag transfer payment
81.91% Au offtake representing ~0.9% effective NSR
Caps /
Buy-Down
Options:
50% buy-down options on the stream in 2018 and
2019 for US$50M
Stream capped at 142k oz Au and 695k oz Ag
(delivered)
Offtake capped at 2.1M oz less streamed gold
Production: Total mine: LOM Avg. production of 225k oz Au/year
Low-cost oxide project in construction
Initial 10-year mine life with 2.6M oz of reserves Au + 12.7M oz Ag
Fully-funded
Earthworks commenced in October 2016 and detailed engineering
largely complete
Source: Company disclosure and Osisko management estimates.
1. Inclusive of reserves. See slide 40 for detailed R&R statement.
INITIAL 10-YEAR MINE LIFE WITH
2.6 MILLION OZ GOLD RESERVES
32. Amulsar Overview
32
Commodity Gold and Silver
Current Status Construction
P&P Reserves
103M tonnes
2.6M ounces gold
12.7M ounces silver
M&I Resources
(inclusive of reserves)
142.2M tonnes
3.5M ounces gold
17.5M ounces silver
Design Parameters
10M tpa throughput
OP mining
Recovery: 87.2% Au
Mine Life 10 years
LOM Average Production 225 koz gold per year
LOM Average AISC C$753/oz
Total Capital Expenditure C$481M initial
After Tax NPV(5%) C$642M
After Tax IRR 29.0%
Conventional open-pit heap leach operation
Fully financed and permitted
Construction underway with 44% of capex
committed
Expected production start in 2018
Project Summary
Source: Based on 2015 Technical Repot "Amulsar Value Engineering and Optimization" and Lydian's May Investor Presentation using a 1.30 CAD:USD exchange rate.
Project Details
33. A LONG HISTORY OF CONSISTENT SILVER
PRODUCTION IN MACEDONIA
33
100% SASA Silver Stream
Operator: Lynx Resources (Private Company owned by Orion)
Primary
Commodity:
Lead, zinc
Location: Kocani, Macedonia
Stream:
100% stream on LOM payable silver production
US$5.00/oz Ag transfer payment
Production: Stream Attributable: 4.0k GEOs in full year 2017
Producing since the mid 60's
Low-cost, lead-zinc mine with stable silver by-product
15 year mine life with potential for extensions
First mine in Macedonia to be awarded the IPPC permit
(Integrated Pollution Prevention and Control) in 2016
Macedonia ranks 10th globally for Ease of Doing Business (World
Bank rankings 2017)
Source: Osisko management estimates.
34. 34
18.5% Au, 75% Ag Back Forty Streams
HIGH GRADE POLYMETALLIC ASSET IN
MICHIGAN NEARLY PERMITTED
Operator: Aquila Resources
Primary
Commodity:
Gold, zinc
Location: Upper Peninsula, Michigan, USA
Reserves:
Resources:1
None, PFS expected Q2 2017
M&I of 11.9M oz and inferred of 2.0M oz Ag
Stream: 18.5% Au, 75% Ag streams
Production:
Total Mine: 16-year LOM payable production of 532k
oz Au and 4.6M oz Ag
Feasibility study in progress - robust economics expected based on
the PEA
Main deposit open at depth
Potential to extend mine life and enhance project economics
Benefit from infrastructure advantage
Attractive consolidation target in base metals space
Source: Company disclosure.
1. See slide 41 for detailed R&R statement.
35. 35
Operator: Silver Standard
Primary
Commodity:
Gold
Location: 125km NE of La Ronge, Saskatchewan
P&P Reserves:
Resources:1
P&P mineral reserves of 0.4M oz Au
M&I of 0.6M oz and inferred of 0.6M oz
Au
NSR Royalty:
3% net smelter return royalty on life of mine
revenues
Production:
Total Mine: 2017 production guidance of 72-
82k oz Au
2.4k GEOs in full year 2017
Record production of 77,640 oz Au in 2016
Strong operator
Large underexplored land position of +23,000 ha
50% increase in reserves in 2016 at higher grade
Source: Company disclosure and Osisko management estimates.
1. Inclusive of reserves. See slide 41 for detailed R&R statement.
2. Exclusive of reserves. See slide 41 for detailed R&R statement.
Other Cash Flowing Royalties
Seabee
Senior company operator
Top mining jurisdiction
Large land package and potential for growth
Expansion plans approved in 2016
Operator: Kinross
Primary
Commodity:
Gold
Location: Nevada, USA
P&P Reserves:
Resources:2
P&P mineral reserves of 2.1M oz Au
M&I of 3.5M oz and inferred of 0.6M oz
Au
NSR Royalty:
1% royalty on gross sales on ~78km2 of Bald
Mountain – Alligator Ridge claims
Production: 0.8k GEOs in full year 2017
Bald Mountain
36. 36
Source: Company disclosure and Osisko management estimates.
Other Cash Flowing Royalties (Cont'd)
Brauna
South America's largest diamond mine
21 kimberlite occurrences, only one of which is subject to open-
pit mining and is being further explored leaving room for upside
Commenced production in late 2013
Kenya's first large-scale mining project
High grade mine with attractive operating margin
Operator: Base Resources
Primary
Commodity:
Titanium
Location: Kenya
NSR Royalty: 1.5% gross revenue royalty
Production:
2017 production guidance of 88-95k tonnes
Rutile, 450-480k tonnes Illmenite and 36-40k
tonnes Zircon
Production: 1.6k GEOs in full year 2017
Kwale
Operator: Lipari Mineração
Primary
Commodity:
Diamond
Location: Bahia, Brazil
Resources:
M&I of 1.8M cts and inferred of 1.7M cts
diamond
NSR Royalty: 1% gross revenue royalty
Production: ~530 GEOs in full year 2017
37. PROVEN & PROBABLE MINERAL
RESERVES OF 8.9M OZ AU AND
4.5B LBS CU
37
2.75% Casino NSR Royalty
Operator: Western Copper and Gold
Primary
Commodity:
Copper, Gold
Location: 380km NW of Whitehorse, Yukon
Reserves:
Resources:1
P&P reserves of 8.9M oz Au, 4.5B lbs Cu
M&I of 8.9M oz Au, 4.7B lbs Cu and inferred of 9.0M
oz Au, 5.4B lbs Cu
NSR Royalty:
2.75% net smelter return royalty on life of mine
revenues
Production:
(Total Mine)
Total mine: LOM Avg. production of 775k GEOs/year
One of the world's largest copper/gold porphyries in a stable
jurisdiction
Increased activity by seniors in the region
Strong potential for a 45+ year mine life
Adds considerable option value
Source: Company disclosure.
1. Inclusive of reserves. See slide 41 for detailed R&R statement.
38. 38
Offtakes
Offtake Mechanics
Producer agrees to sell a predetermined portion
of future gold production from its mine to Buyer
Buyer receives the predetermined portion of
production in the form of gold credits (i.e. no
physical delivery) and agrees to pay the
Producer for the quantity of gold received
Buyer is entitled to select its purchase price
based on any LBMA AM or PM Fixing Price or
the Comex (1st Position) Settlement Price during
a specific time frame (the “Quotational Period”)
The Quotational Period typically commences
prior to the Delivery Date and ends subsequent
to the Delivery Date
The spread between the Buyer’s purchase price
and the price the Buyer eventually sells the gold
at is kept by the Buyer as profit
– Offtake effectively acts as a royalty
whereby the buyer receives percentage
of the total revenue
Asset Offtake Status
Quotational Period
(BusinessDays)
Effective
NSR (%) Description of the Project
Brucejack 50% Au Commissioning 6 0.9%
Large high grade
underground mine in good
jurisdiction with 8.1M oz of
reserves
Amulsar ~82% Au Construction 7 0.9%
Large-scale project, fully
financed in construction
San Ramon 51% Au Production n/a 2.1%
High-grade gold operation
with strong exploration
potential
Parral 100% Au-Ag Production 11 2.4%
Low cost operation with
plans to double capacity in
the near-term
Matilda 55% Au Production 12 1.8%
Producing asset with
expansion plans underway
Nimbus 100% Au-Ag Development 13 4.5%
High grade deposit with
upside exploration
potential
Yenipazar 50% Au Development 11 1.4%
Polymetallic VMS project,
permitted with strong
economics
List of Acquired Offtakes
Source: Osisko management estimates.
39. Asset Operator Jurisdiction Asset Operator Jurisdiction
LT Development Assets Explora tion Sta g e Assets (Cont'd)
Ambler Trilogy Alaska GabelColumbus Bravada Gold Nevada
Cameron Lake First Mining Finance Ontario GabelWilliams Bravada Gold Nevada
Cerro delGallo Primero Mexico KliyulCreek First Quantum (2)
British Columbia
Gold Rock GRP Minerals Nevada Landmark n/a Nevada
Gurupi/CentroGold Jaguar Brazil Lorraine/Dorothy Teck (3)
British Columbia
Dolphin King Island Scheelite Australia Los Chinos n/a Mexico
Magdalena Bacanora Minerals Mexico MooreLake Skyharbour (4)
Saskatchewan
Northern Dancer Largo Yukon Mt. Hamilton Waterton Nevada
Pan GRP Minerals Nevada New Jersey Zinc Database n/a n/a
Rakkurijoki Hannans Sweden Peat/Barunga n/a Australia
Reward/Myrtle Teck Australia Pozo deNacho Geoinformatics Mexico
Sao Jorge GoldMining Brazil RattlesnakeHills GFG Resources Wyoming
West Desert/Crypto InZinc Utah San Juan First Majestic Mexico
Whistler GoldMining Alaska Sandman 1 Newmont Nevada
Explora tion Sta g e Assets Sandman 2 Newmont Nevada
AdmiralBay GOR Metalicity Australia Silver Swan (1.75%) Poseidon Nickel Australia
Antamina/Recauys Compañía Minera Antamina (1)
Peru Silver Swan (3.0%) Poseidon Nickel Australia
Ballarat LionGold Australia Taylor Silver Predator Nevada
Beaufor -Pascalis Richmont Quebec Tintaya/Rifas Glencore Peru
CandleLake Adamas Minerals Saskatchewan Tonkin Springs McEwen Mining Nevada
Casino NPI Cariboo Rose Yukon Trail TimberlineResources Nevada
Century/Lawn Hill(NSR +Fixed) MinMetals Australia TreasureHill Silver Predator Nevada
Crowsnest Pass GMR Resources British Columbia Unicorn Dart Mining Australia
Cumobabi First Majestic Mexico UNR n/a Nevada
Duke/Trapper/Royale Kinross Nevada West Waihi OceanaGold New Zealand
ElTecolote AzureMinerals Mexico WKP OceanaGold New Zealand
Estacion Llano SilverCrest Metals Mexico WO Claim Block 1 PeregrineDiamonds (5)
Northwest Territories
Gabel n/a Nevada
39
List of Earlier Stage Acquired Assets from Orion
1. BHP Billiton (33.75%) / Glencore (33.75%) / Teck (22.5%) / Mitsubishi Corporation (10%).
2. First Quantum has an option to acquire 51% interest from AuRico Metals.
3. Teck (51%) / Lorraine Copper (49%).
4. Skyharbour has an option to acquire 100% interest from Denison Mines.
5. Peregrine Diamonds (72%) / Archon Minerals (18%) / DHK Diamonds (10%).