Osisko Announces Royalty Transaction on the Namdini Gold Project in Ghana
MONTREAL, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) is pleased to announce that it has acquired a 1.0% net smelter return (“NSR”) royalty (the “Royalty”) covering the Namdini Gold Project (“Namdini”) in Ghana.
- MONTREAL, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) is pleased to announce that it has acquired a 1.0% net smelter return (“NSR”) royalty (the “Royalty”) covering the Namdini Gold Project (“Namdini”) in Ghana.
- Osisko has closed the transaction with Savannah Mining Limited (“Savannah”), acquiring a direct interest in 50% of Savannah’s 2.0% NSR royalty for total consideration of US$35 million (excluding applicable taxes and levies).
- Namdini is a long-life, low-cost, open-pit gold project located in Ghana, one of West Africa’s most prolific gold producing countries.
- We look forward to having the 1.0% NSR on Namdini contribute to our near-term cash flows and GEO growth profile.”
The Namdini Gold Project is an open-pit gold project located in Ghana, approximately 50 km southeast of the town of Bolgatanga, and close to the southern border of Burkina Faso.