Osisko Gold Royalties (TSE:OR) has released an update.
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Osisko Gold Royalties and Franco-Nevada have partnered to acquire a gold stream on SolGold’s Cascabel project in Ecuador, a significant copper-gold find not owned by a major mining company. Osisko, which already holds a royalty on Cascabel, and Franco-Nevada will provide a combined $750 million in deposits to fund the project’s development, with Osisko contributing 30% and Franco-Nevada 70%. The investment enhances Osisko’s growth profile and offers exposure to a project with potential low-cost, long-term production and a commitment to sustainable development.
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