Osisko Announces Preliminary Q1 2021 Deliveries and Agreement to Acquire Spring Valley Royalties - Seite 3
A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/4eace196-7654-4d91 ...
MOONLIGHT ROYALTY
Osisko has agreed to acquire a 1.0% NSR royalty on the Moonlight Project, which lies immediately to the north of Spring Valley. The Moonlight Project, which is also operated by Waterton, is a large (approximately 20km2), prospective, exploration-stage property along the same structural trend as Spring Valley, Rochester and Relief Canyon mines. No mineral resources have been identified on the property, however, there are a few historical mine workings and several gold and silver showings have been identified.
ALMADEN ROYALTY AND OFFTAKE
Osisko has also agreed to acquire a 0.5% NSR royalty and a 30% precious metal offtake covering the Almaden Project in western Idaho, USA, which is 100% owned by Gold Mining Inc. The project is a low-sulphidation epithermal gold deposit which hosts a resource of 43.5Mt grading 0.65g/t gold for 0.91Moz of gold in the indicated resource category and 9.2Mt grading 0.56g/t gold for 0.16Moz of gold in the inferred resource category.
Q1 2021 RESULTS AND CONFERENCE CALL DETAILS
Osisko also provides notice of the first quarter 2021 results and conference call details:
Q1 2021 Results Release: |
Tuesday, May 11th after market close |
Conference Call: |
Wednesday, May 12, 2021 at 10:00 am EDT |
Dial-in Numbers: |
North American Toll-Free: 1-833-979-2852 Local and International: 236-714-2915 |
Replay (available until May 19, 2021 at 11:59 pm EDT): |
North American Toll-Free: 1-800-585-8367 Local and International: 416-621-4642 Access code: 6796690 |
Replay also available on our website at www.osiskogr.com |
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Notes:
Osisko has included certain performance measures in this press release that do not have any standardized meaning prescribed by International Financial Reporting Standards (IFRS) including (i) attributable gold equivalent ounces and (ii) cash operating margin. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. As Osisko’s operations are primarily focused on precious metals, the Corporation presents attributable GEOs and cash operating margins as it believes that certain investors use this information to evaluate the Corporation’s performance in comparison to other mining companies in the precious metals mining industry who present results on a similar basis. However, other companies may calculate these non-IFRS measures differently. Note that these figures have not been audited and are subject to change.