Osisko Secures $50M Deal for Royalties on Spartan's Dalgaranga Gold Mine and Exploration Licenses
Portfolio Pulse from Benzinga Newsdesk
Osisko Gold Royalties Ltd has secured a $50 million deal to acquire royalties on Spartan Resources' Dalgaranga Gold project in Western Australia. The project is poised for near-term production with significant geological potential, and Osisko expects a 12+ year mine life with low production costs.
September 30, 2024 | 11:45 am
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Osisko Gold Royalties Ltd has entered a $50M deal to acquire royalties on Spartan's Dalgaranga Gold project, which is expected to restart production soon. This deal aligns with Osisko's strategy of securing cash flow from high-grade projects in top-tier jurisdictions.
The acquisition of royalties on a high-grade gold project in a top-tier mining jurisdiction is likely to enhance Osisko's cash flow and align with its strategic goals. The project's near-term production potential and low-cost profile are positive indicators for Osisko's financial performance.
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