Osisko Gold announces royalty transaction on Namdini Gold Project in Ghana

Osisko Gold Royalties announces that it has acquired a 1.0% net smelter return royalty covering the Namdini Gold Project in Ghana. Osisko has closed the transaction with Savannah Mining Limited, acquiring a direct interest in 50% of Savannah’s 2.0% NSR royalty for total consideration of $35M. Paul Martin, Interim CEO of Osisko commented: “Today’s announcement highlights Osisko’s continued ability to uncover and execute on accretive precious metals transactions. Namdini is a long-life, low-cost, open-pit gold project located in Ghana, one of West Africa’s most prolific gold producing countries. The project is being advanced through construction and into production by Shandong; a company which Osisko is confident will continue to develop and operate the mine in a responsible manner. We look forward to having the 1.0% NSR on Namdini contribute to our near-term cash flows and GEO growth profile.”