Osisko Provides Corporate Update
March 23 2020 - 1:30PM
Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX
& NYSE) hereby provides an update to its shareholders in light
of its ongoing monitoring of evolving news related to
COVID‑19.
Given the uncertainties with respect to future
developments, including the duration, severity and scope of the
outbreak, the actions taken to contain or treat the COVID‑19
outbreak, and impacts on mining operations such as Newmont
Corporation’s Éléonore mine which, as per their announcement today,
is now on temporary care and maintenance, Osisko considers that it
is prudent to withdraw its 2020 production guidance until further
notice. The Company will continue to monitor the situation
closely.
About Osisko Gold Royalties Ltd
Osisko Gold Royalties Ltd is an intermediate precious metal royalty
company focused on the Americas that commenced activities in June
2014. Osisko holds a North American focused portfolio of over 135
royalties, streams and precious metal offtakes. Osisko’s portfolio
is anchored by its cornerstone asset, a 5% net smelter return
royalty on the Canadian Malartic mine, which is the largest gold
mine in Canada. Osisko also owns the Cariboo gold project in Canada
as well as a portfolio of publicly held resource companies,
including a 15.9% interest in Osisko Mining Inc., 17.9% interest in
Osisko Metals Incorporated and a 19.9% interest in Falco Resources
Ltd.
Osisko’s head office is located at 1100 Avenue
des Canadiens-de Montréal, Suite 300, Montréal, Québec, H3B
2S2.
For further information, please contact Osisko Gold
Royalties Ltd:
Sandeep SinghPresidentTel. (514) 940-0670ssingh@osiskogr.com
Forward-looking Statements
Certain statements contained in this press
release may be deemed “forward‐looking statements” within the
meaning of applicable Canadian and U.S. securities laws. These
forward‐looking statements, by their nature, require Osisko to make
certain assumptions and necessarily involve known and unknown risks
and uncertainties that could cause actual results to differ
materially from those expressed or implied in these forward‐looking
statements. Forward‐looking statements are not guarantees of
performance. These forward‐looking statements, may involve, but are
not limited to, the consequence of the COVID-19 outbreak on the
business and financial conditions of Osisko, including in
connection with its 2020 production guidance. Words such as
“may”, “will”, “would”, “could”, “expect”, “believe”, “plan”,
“anticipate”, “intend”, “estimate”, “continue”, or the negative or
comparable terminology, as well as terms usually used in the future
and the conditional, are intended to identify forward‐looking
statements. Information contained in forward‐looking statements is
based upon certain material assumptions that were applied in
drawing a conclusion or making a forecast or projection, including
management’s perceptions of historical trends, current conditions
and expected future developments, as well as other considerations
that are believed to be appropriate in the circumstances. Osisko
considers its assumptions to be reasonable based on information
currently available, but cautions the reader that their assumptions
regarding future events, many of which are beyond the control of
Osisko, may ultimately prove to be incorrect since they are subject
to risks and uncertainties that affect Osisko and its business;
Such risks and uncertainties include, among others, risks relating
to the ability of exploration activities carried out by Osisko
Mining (including drill results) to accurately predict
mineralization; errors in Osisko Mining’s geological modelling; the
ability of Osisko Mining to complete further exploration
activities, including drilling.
For additional information with respect to these
and other factors and assumptions underlying the forward‐looking
statements made in this press release, see the section entitled
“Risk Factors” in the most recent Annual Information Form of Osisko
which is filed with the Canadian securities commissions and
available electronically under Osisko’s issuer profile on SEDAR at
www.sedar.com and with the U.S. Securities and Exchange Commission
and available electronically under Osisko’s issuer profile on EDGAR
at www.sec.gov. The forward‐ looking information set forth
herein reflects Osisko’s expectations as at the date of this press
release and is subject to change after such date. Osisko disclaims
any intention or obligation to update or revise any forward‐looking
statements, whether as a result of new information, future events
or otherwise, other than as required by law.
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