Osisko Provides Corporate Update
April 14 2020 - 4:30PM
Osisko Gold Royalties Ltd (the “
Corporation” or
“
Osisko”) (OR: TSX & NYSE) announces today
that the Québec Government has made the decision to classify mining
activities as an essential service.
Following the Government’s decision, the
operators of the Canadian Malartic and the Lamaque mines announced
that a phased resumption of their respective activities will begin
on April 15, 2020.
Stornoway, the Renard diamond mine operator, has
decided to keep the mine on care and maintenance for the time
being, given the structural challenges still affecting diamond
market sales as well as the depressed prices for diamonds due to
COVID-19. We expect that Stornoway will seek to restart operations
once favorable market conditions return.
Annual General Meeting
Due to public health concerns regarding the
COVID-19 pandemic and to support the health and well-being of the
Corporation’s shareholders, employees, families and others who
usually attend the annual meeting of shareholders, Osisko has
changed the format to a virtual only meeting (the “Annual
Meeting”). As previously announced, the Corporation has
set new dates for the Annual Meeting and record date.
Accordingly, shareholders of record as of the close of business on
May 13, 2020, will be entitled to participate and vote at
the Annual Meeting, which is now scheduled to take place
on June 22, 2020.
Q1 2020 Results Conference
Call
The Corporation also provides notice of the
first quarter 2020 results and conference call details, which will
be released after market close on Tuesday, May 12, 2020
followed by a conference call on Wednesday, May 13, 2020 at
10:00 am EDT.
Those interested in participating in the
conference call should dial in at 1-(236) 714-2175
(international), or 1-(833) 979-2701 (North American toll
free). An automated voice system will ask you to record your name
and to enter the conference identification number 1793021.
The conference call replay will be available
from 1:00 pm EDT on May 13, 2020 until 11:59 pm EDT on May 20, 2020
with the following dial in numbers: 1-(800) 585-8367 (North
American toll free) or 1-(416) 621-4642, access code 1793021. The
replay will also be available on our website at
www.osiskogr.com.
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 an 18.3% 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. 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, the successful and timely
progressive resumption of mining activities in Québec and more
particularly of the operations underlying the Corporation’s assets,
uncertainties relating to the diamond markets, the ability of
Stornoway to proceed with sales of diamonds in Europe on terms
satisfactory to it, and the responses of relevant governments to
the COVID-19 outbreak and the effectiveness of such responses.
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 statements set forth
herein reflect Osisko’s expectations as at the date of this press
release and are 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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