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New Deal


Announced

Completed

Osisko Gold Royalties completed the acquisition of the remaining 75% stake in Tintic Consolidated Metals for $135m.

Financials

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Transaction Value£99m
Consideration TypeCash, Ordinary Shares, Contingent Deferred Consideration
Capital Owned25%
Capital Bid For75%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

United States

Acquisition

Infrastructure

Friendly

gold mine

Single Bidder

Gold Mining

Cross Border

Private

Completed

Synopsis

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Osisko Gold Royalties, a Canada-based precious metal royalty company, completed the acquisition of the remaining 75% stake in Tintic Consolidated Metals, one of the highest grade gold mines in the world, for $135m. “With the acquisition of Tintic we have inherited not only a highly prospective test mine in the Trixie project, but also a large, historic land package in one of the world’s premier mining jurisdictions. Through underground exploration, we hope to continue to expand the mineralization footprint along the T2 and T4 zones. We have engaged drilling contractors and look forward to sharing the results with you as we progress the understanding of this ground," Sean Roosen, Osisko Chair and CEO.

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