Osisko Gold Royalties Ltd is a Canadian company that holds royalties in gold, silver and diamond mines, principally in the form of net smelter returns and steams.
The company also invests in mineral exploration companies in the form of purchases of shares. Like its predecessor company, Osisko Mining, it is headquartered in Montreal, Quebec, with shares listed on the Toronto Stock Exchange and the New York Stock Exchange.
Like Franco-Nevada, Wheaton Precious Metals and Sandstorm Gold, Osisko Gold Royalties makes investments in the mining industry and transfers profits to shareholders through regular dividend payments. Its profits principally come from royalties, net smelter returns and precious metals streaming contracts with producing mines.
These contracts are made with companies involved in mineral exploration or mine development; as an alternative to debt financing or issuing additional shares, the mining company seeking capital funding may agree to a contract with the royalty company to pay a percentage of its future income or products from the mine.
Osisko Gold Royalties also buys, holds and sells ownership shares in mining companies and may otherwise purchase 100% ownership of mining companies.
Traded as: TSX: OR; NYSE: OR
Industry: Mining
Predecessor: Osisko Mining (1980-2014)
Founded: April 29, 2014
Headquarters: Montreal, Quebec, Canada
Products: Royalty payments
Website: www.osiskogr.com/en/
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