Osisko Announces Record 2017 GOLD Equivalent Ounces
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OSISKO ANNOUNCES RECORD 2017 GOLD EQUIVALENT OUNCES
(Montreal, January 18, 2018) Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX &
NYSE) is pleased to announce its preliminary 2017 gold equivalent ounces (“GEOs”)1.
Record Gold Equivalent Ounces Earned in 2017
The Company’s portfolio of royalties, streams and other interests delivered a record number of GEOs
during the fourth quarter and for 2017. The Company received 58,933 GEOs in 2017, an increase of
54% compared to the 2016 results. The GEOs earned in the fourth quarter totaled 20, 990 ounces,
establishing a new quarterly record and 26% higher than the third quarter of 2017.
GEOs earned by product
For the three months ended
December 31,
For the twelve months ended
December 31,
2017 2016 2017 2016
Gold 13,632 8,850 45,200 37,813
Silver 4,020 114 8,045 457
Diamonds 2,927 - 4,887 -
Other 411 - 801 -
Total GEOs 20,990 8,964 58,933 38,270
The increase is attributable to the additional producing assets acquired as part of the transformative
$1.125 billion Orion transaction, which closed on July 31, 2017, and the Gibraltar silver streaming
agreement completed in February 2017.
1 GEOs are calculated on a quarterly basis and include royalties, streams and offtakes. Silver earned from royalty and stream agreements
was 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 f or the period. Diamonds, other metals and cash royalties were converted into gold equivalent ounces by dividing the
associated revenue by the average gold price for the period. Offtake agreements were converted using the financial settlement equivalent
divided by the average gold price for the period. Note that these figures have not been audited and are subject to change.
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Since commencement of activities in June 2014, our GEOs production has been as follows:
Total annual GEOs earned
Sean Roosen, Chair and Chief Executive Officer, commenting on the 2017 performance noted: “The
record gold equivalent ounces earned result s from the execution of our strategic plan to increase our
portfolio of assets, t hereby providing greater exposure to precious metal market s. We are very
enthused about the future as a number of assets in our portfolio will begin to generate revenues once
the underlying properties move to the production stage. We believe that our portf olio of assets will
deliver the best growth profile within the royalty sector over the next 3 to 5 years.”
Notice of Q4 and full year 2017 Results and Conference Call
Osisko announces that its fourth quarter and full year 2017 financial results will b e released after
market on February 16, 2018 followed by a conference call on February 19 at 11:00am EDT.
Those interested in participating in the conference call should dial in at 1- (647) 788-4922
(international), or 1- (877) 223-4471 (North American toll free). An operator will direct participants to
the call.
The conference call replay will be available from 2:00pm EDT on February 19, 2018 until 11:59 pm
EDT on February 26, 2018 with the following dial in numbers: 1 -(800) 585-8367 (North American toll
free) or 1-(416) 621-4642, access code 2868047.
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 130 royalties,
streams and precious metal offtakes. Osisko’s portfolio is anchored by five cornerstone assets, including a 5%
net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada. Osisko also
owns a portfolio of publicly held resource companies, including a 15.5% interest in Osisko Mining Inc., a 12.8%
interest in Osisko Metals Incorporated, a 12.7% interest in Falco Resources Ltd. and a 32.7% interest in
Barkerville Gold Mines Ltd.
Osisko’s head office is located at 1100 Avenue des Canadiens -de-Montréal, Suite 300, Montréal, Québec, H3B
2S2.
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Forward-looking Statements
Certain 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. These forward-looking statements, may involve, but are not limited to, comments of officers of
Osisko in relation to Osisko’s grow th, future revenues and the future performance assets. 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 t he 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, 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.
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 Informat ion 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.
Cautionary Statement Regarding 2017 GEOs Earned and Other Financial Information
Osisko cautions that, whether or not expressly stated, all figures contained in this press release including GEOs earned and
other financial information are unaudited and preliminary, therefore reflect Osisko’s expected 2017 results as of the date of
this press release. Actual reported fourth quarter and 2017 results are subject to management’s final review as well as audit
by the Company’s independent accounting firm and may vary from those expectations because of a num ber of factors,
including, without limitation, additional or revised information and changes in accounting standards or policies or in how those
standards are applied. Osisko will provide additional discussion and analysis and other important information about its 2017
results and financial position when it reports actual results on February 16, 2018.
For further information please contact, please contact Osisko Gold Royalties:
Vincent Metcalfe
Vice President, Investor Relations
Tel. (514) 940-0670
Joseph de la Plante
Vice President, Corporate Development
Tel. (514) 940-0670