|Date Closed:||July 31, 2017|
|Deal Value:||$1.125 billion|
|Client Name:||Osisko Gold Royalties Ltd.|
On July 31, 2017, Osisko Gold Royalties Ltd (Osisko) completed the acquisition of a high-quality precious metals portfolio of assets consisting of 74 royalties, streams and precious metal offtakes from Orion Mine Finance Group (Orion) in exchange for total consideration of $1.125 billion, consisting of $675 million cash and the issuance of 30,906,594 shares of Osisko.
Osisko, a TSX and NYSE traded company, is an intermediate precious metal royalty company focused on the Americas. The company commenced activities in June 2014. Orion Mine Finance Group is one of the world’s leading mining-focused private equity businesses.
The combination of Osisko and Orion’s portfolios resulted in Osisko holding a total of 131 royalties and streams, including 16 revenue-generating assets. Through the transaction, Osisko gained a 9.6-per-cent diamond stream on the Renard diamond mine and a 4-per-cent gold and silver stream on the Brucejack gold and silver mine, all of which are new high-quality mines in Canada, in addition to a 100-per-cent silver stream on the substantial Mantos Blancos copper mine in Chile.