Osisko Receives Notice of Election of Brucejack Stream Repurchase from Pretium
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OSISKO RECEIVES NOTICE OF ELECTION OF BRUCEJACK STREAM
REPURCHASE FROM PRETIUM
(Montréal, September 24, 2018) Osisko Gold Royalties Ltd (“Osisko”) (OR: TSX & NYSE) announces
today that Osisko Bermuda Limited (“OBL”), a wholly owned subsidiary of Osisk o, has received a
notice from Pretium Exploration Inc., a subsidiary of Pretium Resources Inc. ( collectively “Pretium”) in
regards to its election to exercise its option to fully repurchase OBL’s interest in the Brucejack gold
and silver stream, a s provided for in the purchase and sale agreement between the parties dated
September 15, 2015 (the “Stream Agreement”).
Under the Stream Agreement, Pretium had an option to repurchase 100% of OBL’s share of the
Brucejack gold and silver stream by making a payment of US$118,500,000 (approximately
C$154,000,000) to OBL on December 31, 2018. In order to exercise this option, Pretium had to
provide 90 days’ prior written notice to OBL, at which point the stream repurchase becomes a bindin g
obligation on behalf of Pretium (“Stream Repurchase”).
Osisko expects to use the proceeds from the Stream Repurchase for debt repayment and to fund
additional investments.
The Stream Repurchase does not affect Osisko’s 2018 gold equivalent ounce production guidance of
77,500 to 82,500 gold equivalent ounces. Osisko continues to retain exposure to the Brucejack mine
through its 50% gold offtake interest.
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. Osis ko’s portfolio is anchored by five cornerstone
assets, including a 5% NSR 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 17.2% interest
in Osisko Mining Inc., a 12.6% interest in Falco Resources Ltd. and a 34.7% 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
For further information, 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
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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 the closing of the Stream
Repurchase and the use of proceeds of the Stream Rep urchase. Words such as “may”, “will”, “would”, “could”, “expect”,
“believe”, “plan”, “anticipate”, “intend”, “estimate”, “continue”, or the negative or comparable terminology, as well as term s
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, curre nt 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 th at 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 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 w ww.sec.gov. The forward ‐ looking information set forth herein reflects Osisko’s expectations as at the
date of this press release and is subject to change after such date. Osisko disclaims any intention or obligation to update o r
revise any forward ‐looking statements, whether as a result of new information, future events or otherwise, other than as
required by law.