Osisko Mining has increased its silver stream interest in the Gibraltar mine by 12.5% to 100% through an amended agreement with Taseko Mines. The company also announced the closure of the Dalgaranga Royalty acquisition for US$6 million. These deals solidify Osisko's position in both producing silver and high-potential gold assets.
Osisko Announces Acquisition of Additional Gibraltar Silver Stream Interest and Closing of the Dalgaranga Royalties AcquisitionOsisko 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.
Osisko’s head office is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2.Certain statements contained in this press release may be deemed “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation.
In this press release, Osisko relies on information publicly disclosed by Taseko pertaining to the Gibraltar mine and the operation thereof and, therefore, assumes no liability for such third party public disclosure.
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