“Today we’re announcing a deal that we believe is transformational,” said Osisko CEO Sean Roosen.
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Osisko Gold Royalties (CN:OR) has had analysts scratching their heads this year due to its seemingly unjustified discount to its peers. But that discount ended up helping the company land a deal that will more than double its precious metals portfolio – a C$1.13 billion acquisition of 74 royalties, streams and precious metal offtakes from US private equity firm Orion Mine Finance Corp.