U.S. markets closed

Osisko Gold Royalties Ltd (OR)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
11.93-0.13 (-1.08%)
At close: 4:00PM EDT
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bearishpattern detected
Price Crosses Moving Average

Price Crosses Moving Average

Previous Close12.06
Open12.06
Bid11.95 x 1800
Ask11.96 x 1400
Day's Range11.90 - 12.10
52 Week Range4.65 - 13.31
Volume526,597
Avg. Volume830,007
Market Cap1.973B
Beta (5Y Monthly)0.63
PE Ratio (TTM)N/A
EPS (TTM)-0.27
Earnings DateMay 03, 2018
Forward Dividend & Yield0.15 (1.27%)
Ex-Dividend DateSep 29, 2020
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-5% Est. Return
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • Osisko Provides Update on Deliveries Received for the Third Quarter of 2020
    GlobeNewswire

    Osisko Provides Update on Deliveries Received for the Third Quarter of 2020

    Notice of the 2020 Third Quarter Results and Conference CallMONTREAL, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) is pleased to announce that it has received approximately 16,700 attributable gold equivalent ounces1 (“GEOs”) and recorded preliminary revenues2 of C$55.7 million during the three months ended September 30, 2020. Preliminary cost of sales, excluding depletion2, was C$15.2 million resulting in a cash operating margin3 of approximately C$40.5 million. Excluding offtakes, Osisko’s cash operating margin on royalties and streams3 reached a record of 96.4% during the third quarter of 2020.Sandeep Singh, President of Osisko commented: “Our Q3 results demonstrate again the strength and quality of our portfolio of assets. We anticipate a continued upward trend in GEO deliveries in the fourth quarter as some of our royalty and streaming assets have a lag between an operator’s production and delivery to us. As such, the third quarter had remnant impacts of certain operators producing less ounces in their Q2 period. That effect is now behind us and, with the strong third quarter, we are in excellent position to meet our forecast for the second half of 2020.”Q3 2020 Results and Conference Call DetailsThe Corporation also provides notice of the third quarter 2020 results and conference call details, which will be released after market close on Monday, November 9, 2020 followed by a conference call on Tuesday, November 10, 2020 at 10:00 am EST.Those interested in participating in the conference call should dial in at 1-(877) 223-4471 (North American toll free), or 1-(647) 788-4922 (international). An operator will direct participants to the call.The conference call replay will be available from 1:00 pm EST on November 10, 2020 until 11:59 pm EST on November 24, 2020 with the following dial in numbers: 1-(800) 585-8367 (North American toll free) or 1-(416) 621-4642, access code 4896403. The replay will also be available on our website at www.osiskogr.com.Notes:Osisko has included certain performance measures in this press release that do not have any standardized meaning prescribed by International Financial Reporting Standards (IFRS) including (i) attributable gold equivalent ounces and (ii) cash operating margin. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. As Osisko’s operations are primarily focused on precious metals, the Corporation presents attributable GEOs and cash operating margins as it believes that certain investors use this information to evaluate the Corporation’s performance in comparison to other mining companies in the precious metals mining industry who present results on a similar basis. However, other companies may calculate these non-IFRS measures differently. Note that these figures have not been audited and are subject to change.  1. GEOs are calculated on a quarterly basis and include royalties, streams and offtakes. Silver earned from royalty and stream agreements are converted to gold equivalent ounces by multiplying the silver ounces by the average silver price for the period and dividing by the average gold price for the period. Diamonds, other metals and cash royalties are converted into gold equivalent ounces by dividing the associated revenue by the average gold price for the period. Offtake agreements are converted using the financial settlement equivalent divided by the average gold price for the period. 2. These figures have not been audited and are subject to change. As the Corporation has not yet finished its quarter-end close procedures, the anticipated financial information presented in this press release is preliminary, subject to final quarter-end closing adjustments, and may change materially. 3. Cash operating margin (in dollars) represents revenues less cost of sales, excluding depletion (C$55.7 million - C$15.2 million = C$40.5 million). Cash operating margin on revenues and streams (in percentage) represents the cash operating margin earned from revenues and streams (in dollars) divided by revenues earned from royalties and streams ([C$41.2 million – C$1.5 million] / C$41.2 million = 96.4%).About Osisko Gold Royalties LtdOsisko Gold Royalties Ltd is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 140 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada. Osisko also owns the Cariboo gold project in Canada as well as a portfolio of publicly held resource companies, including a 14.6% interest in Osisko Mining Inc., 17.6% interest in Osisko Metals Incorporated and an 18.3% interest in Falco Resources Ltd. On October 5, 2020, Osisko Gold Royalties Ltd announced the spin-out of mining assets and the creation of Osisko Development Corp., a premier North American gold development company. This transaction is expected to close in the second half of the fourth quarter of 2020.Osisko’s head office is located at 1100 Avenue des Canadiens-de Montréal, Suite 300, Montréal, Québec, H3B 2S2.For further information, please contact Osisko Gold Royalties Ltd:   Sandeep Singh President Tel. (514) 940-0670 ssingh@osiskogr.com  Forward-looking StatementsCertain statements contained in this press release may be deemed “forward‐looking statements” within the meaning of applicable Canadian and U.S. securities laws. These forward‐looking statements, by their nature, require Osisko to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward‐looking statements. Forward‐looking statements are not guarantees of performance.  Words such as “may”, “will”, “would”, “could”, “expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate”, “continue”, or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward‐looking statements including management’s anticipation of GEO deliveries in the fourth quarter and the achievement of the Corporation’s forecast for the second half of 2020. Information contained in forward‐looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. Osisko considers its assumptions to be reasonable based on information currently available, but cautions the reader that their assumptions regarding future events, many of which are beyond the control of Osisko, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect Osisko and its business. Such risks and uncertainties include, among others, that the financial information presented in this press release is preliminary and could be subject to adjustments, the successful continuation of mining activities in Québec and more particularly of the operations underlying the Corporation’s assets, the performance of the assets of Osisko, the growth and the benefits deriving from its portfolio of investments, and the responses of relevant governments to the COVID-19 outbreak and the effectiveness of such responses.For additional information with respect to these and other factors and assumptions underlying the forward‐looking statements made in this press release, see the section entitled “Risk Factors” in the most recent Annual Information Form of Osisko which is filed with the Canadian securities commissions and available electronically under Osisko’s issuer profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission and available electronically under Osisko’s issuer profile on EDGAR at www.sec.gov. The forward‐ looking statements set forth herein reflect Osisko’s expectations as at the date of this press release and are subject to change after such date. Osisko disclaims any intention or obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, other than as required by law.

  • GlobeNewswire

    Osisko Signs Agreement with Lhtako Dene Nation for the Cariboo Gold Project

    MONTREAL, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) today announced that the Lhtako Dene Nation (“LDN”) and Barkerville Gold Mines Ltd. (“BGM”), its wholly owned subsidiary and future 100% subsidiary of Osisko Development Corp., have entered into a life-of-project agreement (“Project Agreement”) to facilitate the development of the Cariboo Gold Project (“Project”). The Project Agreement achieves our common goal to provide Project-related opportunities and benefits for current and future generations of the LDN people and reflects our ongoing commitment to continually strengthen and expand our relationship.The Project Agreement has been realized through the culmination of committed and conscientious efforts of LDN, BGM and our respective negotiating teams. It builds upon our initial Engagement Protocol (2016) and subsequent Relationship Agreement (2016).Specific terms of the Project Agreement remain confidential, however, it puts in place a framework for BGM and LDN to work together during all stages of the Project, including the terms under which the Project will be developed with the consent and support of the LDN.“The Cariboo Gold Project is located within the territory LDN have traditionally used and occupied,” says Chief Cliff Lebrun. “The protection of the land, water, resources and our way of life has guided our negotiating team. This agreement confirms our relationship with BGM, to ensure we will work together to provide meaningful training, employment and business opportunities for LDN people. It also includes financial provisions that will enable the LDN to participate in the opportunities that the Project provides.”“BGM is proud of the positive outcome we have achieved in this agreement,” states Chris Pharness, BGM VP Sustainability and External Relations of BGM. “It has been an honor and a privilege to be welcomed in the community and to hear the hopes and aspirations that LDN leadership and members have for their people. Our core belief as a company is based in reciprocity and the understanding that projects of this scale require mutually beneficial relationships, opportunities and outcomes to succeed. Our agreement is a key underpinning of that philosophy and an example of what respectful, honest dialogue can achieve.”Chris Lodder, President of BGM and future President of Osisko Development Corp., emphasizes, “Over the last 5 years we have learned much about the traditional values and territory of the LDN. With this agreement we aim to strengthen our partnership and increase our understanding of the LDN’s traditions and culture. On behalf of BGM and Osisko Development Corp. we are very proud of this long term relationship we have entered into with the LDN and the mutual benefits it will bring.”About the Cariboo Gold ProjectThe Project is advancing through permitting as a 4,750 tonnes per day underground operation with a feasibility study on track for completion in the second half of 2021, full permits expected in 2022, followed by a short construction period given the significant infrastructure already at site (including a functioning mill that was operated in 2018).About Osisko Gold Royalties Ltd Osisko Gold Royalties Ltd is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 135 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada. Osisko also owns the Cariboo gold project in Canada as well as a portfolio of publicly held resource companies, including a 14.6% interest in Osisko Mining Inc., 17.8% interest in Osisko Metals Incorporated and an 18.3% interest in Falco Resources Ltd.Osisko’s head office is located at 1100 Avenue des Canadiens-de Montréal, Suite 300, Montréal, Québec, H3B 2S2.For further information, please contact Osisko Gold Royalties Ltd:Sandeep Singh President Tel. (514) 940-0670 ssingh@osiskogr.com For further information, please contact Lhtako Dene Nation:Chief and Council Lhtako Dene Nation 1515 Arbutus Rd Quesnel BC, V2J-5H8 Phone : +1 (250) 747-2900 Fax : +1 (250) 747-1341Forward-looking StatementsCertain statements contained in this press release may be deemed “forward‐looking statements” within the meaning of applicable Canadian and U.S. securities laws. These forward‐looking statements, by their nature, require Osisko to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward‐looking statements. Forward‐looking statements are not guarantees of performance.  Words such as “may”, “will”, “would”, “could”, “expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate”, “continue”, or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward‐looking statements. Information contained in forward‐looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of the full benefit to be derived from the conclusion of the Project Agreement, the timely obtaining or all required permits and authorizations to pursue the development of the Cariboo Gold project, as well as other considerations that are believed to be appropriate in the circumstances. Osisko considers its assumptions to be reasonable based on information currently available, but cautions the reader that their assumptions regarding future events, many of which are beyond the control of Osisko, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect Osisko and its business. Such risks and uncertainties include, among others, risks relating to the ability of the Corporation to obtain required approvals; the results of exploration and development activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions and the responses of relevant governments to the COVID-19 outbreak and the effectiveness of such responses.For additional information with respect to these and other factors and assumptions underlying the forward‐looking statements made in this press release, see the section entitled “Risk Factors” in the most recent Annual Information Form of Osisko which is filed with the Canadian securities commissions and available electronically under Osisko’s issuer profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission and available electronically under Osisko’s issuer profile on EDGAR at www.sec.gov. The forward‐ looking statements set forth herein reflect Osisko’s expectations as at the date of this press release and are subject to change after such date. Osisko disclaims any intention or obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, other than as required by law.

  • Osisko Announces Multiple New High-Grade Gold Discoveries Adjacent to Main Deposits at the Cariboo Gold Project
    GlobeNewswire

    Osisko Announces Multiple New High-Grade Gold Discoveries Adjacent to Main Deposits at the Cariboo Gold Project

    Continues to Define and Expand Multiple High-Grade Vein Corridors Drillhole locations from this news release Drillhole locations from this news release Cariboo Geology Map Cariboo Geology Map Cariboo Deposit Areas Cariboo Deposit Areas Cow Mountain and Valley Zone 2019 and 2020 Cow Mountain and Valley Zone 2019 and 2020 Barkerville Mountain Lowhee and KL Zones 2019 and 2020 Drilling Barkerville Mountain Lowhee and KL Zones 2019 and 2020 Drilling Proserpine 2019 Drilling Proserpine 2019 DrillingMONTREAL, Oct. 05, 2020 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko” or the “Company”) (TSX & NYSE: OR) is pleased to announce drilling results from the definition and expansion drill program at the Cariboo Gold Project (“Cariboo”) in central British Columbia.Sean Roosen, Chair and CEO of Osisko, commented: “Since Osisko first got involved in the Cariboo project we have been firm believers in its potential scale and importance within the sector. Recent drill results continue to confirm our thesis that Cariboo is not just a mining project, but a mining camp. In a separate release, we have announced that Cariboo will become the flagship asset in the newly formed Osisko Development Corp. I look forward to leading the team that advances Cariboo towards intermediate producer status.”In 2019, drilling at Cariboo successfully intersected down dip extensions of mineralized vein corridors to a depth of 700 meters and confirmed high-grade intercepts within the current resource. The Company also made multiple new discoveries by stepping out along strike from the known deposits to define a strike length of 15 kilometers of the mineralized system (Figures 1 and 2). These new discoveries will be followed by the drill programs described below with the aim of adding significant resources to Cariboo with continued success.This year, we began a 40,000-meter diamond drilling campaign focused on the expansion of the Lowhee Zone and further delineating the Cow and Valley deposits (Figure 1). After a COVID-19 related delay, three drill rigs are currently active at Cariboo, increasing to eight in October.Figure 1: Drillhole locations from this news release https://www.globenewswire.com/NewsRoom/AttachmentNg/bcec9e86-6658-4d62-bb09-26c607199d44At Cow, a total of 16,000 meters were drilled in 72 holes in 2019. Year-to-date, 4,350 meters have been drilled in 22 holes (Figure 4). Drilling continues to define the high-grade vein corridors demonstrated by CM-20-009 that intersected 25.79 g/t Au over 6.30 meters and included a higher-grade sample of 99.8 g/t Au over 0.55 meter. Recently, 6,530 g/t Au over 0.50 meter was intersected 10 meters down dip from a modelled vein corridor in hole CM-20-018, representing the highest-grade assay intersected in all drilling to date at the Cariboo Gold Project.At Valley Zone, 11,000 meters have been drilled in 57 holes in 2020. This news release discusses the initial assay results returned. Highlights include 9.99 g/t Au over 5.95 meters including 84.5 g/t Au over 0.50 meter in hole CM-20-025. The majority of the drilling proposed for the remainder of 2020 will occur in the Valley Zone vein corridors. The Valley Zone has not been drill tested since 2017, and significant potential exists to add both inferred and indicated resource to the deposit.On Barkerville Mountain, the newly discovered Lowhee Zone, interpreted to be an offset strike extension of the Cow Mountain Deposit, is rapidly demonstrating high-grade vein corridors with systematic exploration drilling. This news release includes the drill results from the remaining 11 holes drilled at KL in 2019, the remaining 20 holes from Lowhee drilled in 2019 and the first 24 drillholes from Lowhee drilled in 2020 (Figure 5).At Lowhee Zone, a total of 18,000 meters in 48 holes have been drilled to date. Recent results from Lowhee include 20.66 g/t Au over 12.80 meters with a sample of 352 g/t Au over 0.65 meter located 100 meters from surface in in exploration hole BM-19-105. BM-19-109 intersected 10.53 g/t Au over 18.70 meters. Multiple intercepts greater than 100 g/t Au include 186.5 g/t Au over 0.50 meter in hole BM-19-101, 327 g/t Au over 0.50 meter in BGM-19-111, 159 g/t Au over 0.50 meter in BM-20-013 and 249 g/t Au over 0.55 meter in BM-20-016. The Lowhee Zone has been drill tested to a vertical depth averaging 350 meters along a current strike of 300 meters by 500 meters and is open in all directions.At KL Zone, located in the footwall of the Bonanza Ledge and BC Vein Deposits, a total of 36,000 meters were drilled in 87 holes in 2019. Recent results from the KL Zone include 11.87 g/t Au over 5.80 meters in BM-19-079 and 8.84 g/t Au over 10.40 meters from BM-19-093. The apparent strike length of this system is 1.5 kilometers, outlined from the recent drill results and the Company’s detailed lithological and structural mapping programs conducted over the last two years. Figure 5 illustrates the location of the drilling on Lowhee and KL.In 2019, drilling at Cariboo successfully made multiple new discoveries, including Proserpine Mountain, located 6 kilometers south east of the Company’s Bonanza Ledge Mine. Based on detailed geologic mapping and sampling programs carried out in 2019 (Figure 2). A total 2,675 meters were drilled in 6 holes over a strike length of 1 kilometer. One stratigraphic hole was drilled to define the extents of the prospective sandstone unit and five holes explored for mineralized vein corridors.The program was successful in discovery of high grade, mineralized axial planar veins analogous to those on Cow and Island Mountains in five out of the six holes. Assay highlights include 17.78 g/t Au over 5.60 meters in PSP-19-002 just 50 meters from surface. The drillhole locations are indicated on Figure 6 and drilled at an average spacing of 300 meters. The system is open in all directions and prospective areas remain untested along strike. The Company is currently conducting an additional 6,000 meters of diamond drilling on Proserpine to follow up and expand these initial positive results.   Further highlights from 2019-2020 drilling at Cow Mountain, Valley, Lowhee, KL and Proserpine are presented below.Select Cow Mountain Highlights: * CM-19-029: 9.47 g/t Au over 11.40 meters * CM-19-030: 5.50 g/t Au over 32.55 meters including 25.67 g/t Au over 4.95 meters * CM-19-044: 20.94 g/t Au over 3.50 meters * CM-19-055: 15.87 g/t Au over 8.70 meters including 98.20 g/t Au over 0.90 meter * CM-19-057: 73.80 g/t Au over 0.90 meter * CM-19-059: 51.90 g/t Au over 1.45 meters * CM-19-070: 16.56 g/t Au over 5.20 meters * CM-19-071: 18.70 g/t Au over 7.00 meters * CM-19-072: 7.75 g/t Au over 9.40 meters * CM-20-003: 27.21 g/t Au over 5.55 meters including 179.5 g/t Au over 0.80 meter * CM-20-006: 66.40 g/t Au over 0.65 meter * CM-20-009: 25.79 g/t Au over 6.30 meters including 99.8 g/t Au over 0.55 meter * CM-20-009: 18.11 g/t Au over 3.50 meters including 47.7 g/t Au over 1.15 meters * CM-20-015: 16.83 g/t Au over 3.60 meters including 117.50 g/t Au over 0.50 meter * CM-20-018: 6,530 g/t Au over 0.50 meter * CM-20-022: 13.58 g/t Au over 3.90 metersSelect Valley Zone Highlights: * CM-20-025: 9.99 g/t Au over 5.95 meters including 84.5 g/t Au over 0.50 meter * CM-20-029: 6.59 g/t Au over 5.90 meters * CM-20-031: 6.28 g/t Au over 16.0 meters * CM-20-031: 5.58 g/t Au over 11.8 metersSelect KL Zone Highlights * BM-19-079: 11.87 g/t Au over 5.8 meters * BM-19-094: 9.46 g/t Au over 5.85 metersSelect Lowhee Zone Highlights   * BM-19-093: 8.84 g/t Au over 10.4 meters including 58.10 g/t Au over 0.80 meters and 70.0 g/t Au over 0.50 meter * BM-19-101: 40.25 g/t Au over 2.50 meters including 186.5 g/t Au over 0.50 meters * BM-19-102: 5.76 g/t Au over 6.75 meters * BM-19-105: 20.66 g/t Au over 12.80 meters including 352 g/t Au over 0.65 meters * BM-19-109: 10.53 g/t Au over 18.7 meters including 109.5 g/t Au over 0.50 meters and 90.1 g/t Au over 0.50 meters * BM-19-111: 6.82 g/t Au over 9.25 meters including 60.60 g/t Au over 0.50 meter * BM-19-111: 327 g/t Au over 0.5 meter * BM-20-001: 44.40 g/t Au over 0.85 meter * BM-20-004: 4.18 g/t Au over 7.90 meters * BM-20-007: 44.92 g/t Au over 2.10 meters including 137.5 g/t Au over 0.50 meter * BM-20-007: 12.07 g/t Au over 7.5 meters including 120.0 g/t Au over 0.50 meter * BM-20-013: 13.20 g/t Au over 10.60 meters including 159 g/t Au over 0.50 meter * BM-20-014: 64.00 g/t Au over 0.60 meter * BM-20-015: 25.29 g/t Au over 2.00 meters including 58.6 g/t Au over 0.80 meter * BM-20-016: 99.70 g/t Au over 0.50 meter * BM-20-016: 249.0 g/t Au over 0.55 meter * BM-20-020: 9.29 g/t Au over 4.65 meters including 68.1 g/t Au over 0.50 meter * BM-20-020: 18.18 g/t Au over 10.2 meters including 91.4 g/t Au over 0.50 meterSelect Proserpine Assays * PSP-19-001: 16.70 g/t Au over 0.50 meters * PSP-19-002: 17.78 g/t Au over 5.60 meters including 112 g/t Au over 0.60 meter and 30.70 g/t Au over 1.00 meter * PSP-19-002: 26.08 g/t Au over 3.00 meters including 84.90 g/t Au over 0.90 meter   * PSP-19-003: 95.20 g/t Au over 0.50 meter Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. Vein corridors are defined as a high-density network of mineralized quartz veins within the axis of the F3 fold and hosted within the sandstones. Vein corridors are modelled at a minimum thickness of 2 meters and individual veins within each corridor range in width from millimeter to several meters. The modelled vein corridors for the resource update includes the internal dilution of the subeconomic sandstone within these vein corridors. These corridors have been defined from surface to a vertical depth averaging 300 meters and remain open for expansion at depth and down plunge. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.True widths are estimated to be 60 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays. Complete assay highlights are presented in Appendix A.Figure 2: Cariboo Geology Map https://www.globenewswire.com/NewsRoom/AttachmentNg/d21f2c6e-6560-4fef-ac6a-ce17e9331ae4Figure 3: Cariboo Deposit Areas https://www.globenewswire.com/NewsRoom/AttachmentNg/b1a69bbd-17d8-473b-b07b-6cae727dc25fFigure 4: Cow Mountain and Valley Zone 2019 and 2020 Drilling https://www.globenewswire.com/NewsRoom/AttachmentNg/a794597c-56ec-4076-b556-886635176d53Figure 5: Barkerville Mountain Lowhee and KL Zones 2019 and 2020 Drilling https://www.globenewswire.com/NewsRoom/AttachmentNg/dd9c787b-42ea-4854-a285-4d4cabdcfceaFigure 6: Proserpine 2019 Drilling https://www.globenewswire.com/NewsRoom/AttachmentNg/82cf461c-a7a4-457e-aa0a-e9e7666cb187Complete assay highlights are presented in Appendix A. Please click here.Qualified PersonsPer National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, P.Geo. Vice President Exploration of Barkerville Gold Mines Ltd, is a Qualified Person and has prepared, validated and approved the technical and scientific content of this news release.Quality Assurance – Quality ControlOnce received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at a secured facility in Wells, BC. Numbered security tags are applied to lab shipments for chain of custody requirements. Quality control (QC) samples are inserted at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd.Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed, and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).About Osisko Gold Royalties LtdOsisko Gold Royalties Ltd is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 135 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada. Osisko also owns the Cariboo gold project in Canada as well as a portfolio of publicly held resource companies, including a 14.7% interest in Osisko Mining Inc., 17.9% interest in Osisko Metals Incorporated and a 18.3% interest in Falco Resources Ltd.Osisko’s head office is located at 1100 Avenue des Canadiens-de Montréal, Suite 300, Montréal, Québec, H3B 2S2.For further information, please contact Osisko Gold Royalties Ltd:  Sandeep Singh President Tel. (514) 940-0670 ssingh@osiskogr.comForward-looking StatementsCertain statements contained in this press release may be deemed “forward‐looking statements” within the meaning of applicable Canadian and U.S. securities laws. These forward‐looking statements, by their nature, require Osisko to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward‐looking statements. Forward‐looking statements are not guarantees of performance.  Words such as “may”, “will”, “would”, “could”, “expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate”, “continue”, or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward‐looking statements. Information contained in forward‐looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, results of further exploration work to define and expand mineral resources, expected conclusions of optimization studies, that vein corridors continue to be defined as a high-density network of mineralized quartz within the axis of the F3 fold and hosted within the sandstones and that the deposit remains open for expansion at depth and down plunge, as well as other considerations that are believed to be appropriate in the circumstances. Osisko considers its assumptions to be reasonable based on information currently available, but cautions the reader that their assumptions regarding future events, many of which are beyond the control of Osisko, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect Osisko and its business. Such risks and uncertainties include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of to complete further exploration activities, including drilling; property and royalty interests in the Cariboo gold deposit; the ability of the Corporation to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions and the responses of relevant governments to the COVID-19 outbreak and the effectiveness of such responses.For additional information with respect to these and other factors and assumptions underlying the forward‐looking statements made in this press release, see the section entitled “Risk Factors” in the most recent Annual Information Form of Osisko which is filed with the Canadian securities commissions and available electronically under Osisko’s issuer profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission and available electronically under Osisko’s issuer profile on EDGAR at www.sec.gov. The forward‐ looking statements set forth herein reflect Osisko’s expectations as at the date of this press release and are subject to change after such date. Osisko disclaims any intention or obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, other than as required by law.