- Osisko Gold Royalties announced the spin-out of its development and exploration projects.
- The new company will be named Osisko Development, it will be 88% owned by Osisko Gold Royalties and it will be well-financed to keep on developing its assets.
- The flagship asset of the new company will be the Cariboo Gold Project.
- Thanks to the San Antonio and Bonanza Ledge II projects, Osisko Development should reach average annual gold production levels around 100,000 toz by the end of next year.
- The question is whether when and how many of the Osisko Development shares will be distributed to Osisko Gold Royalties' shareholders.
For further details see:
Osisko Gold Royalties To Become A Purer Royalty/Streaming Play, But A Major Question Prevails