GOLD  $US/OZ $ NYSE:OR  $ TSX:OR    $      

Amulsar (Au, Ag)

 Stream and terms: 
  • 4.22% Stream on Au and 62.5% on Ag
  • US$400/oz, US$4.00/oz Au and Ag transfer payment
  • 81.91% Au offtake representing ~0.9% effective NSR
Operator: Lydian
Visit Lydian for more info
Primary Commodity: Gold
Location: Amulsar Mountain, Armenia
Reserves and Resources1:
  • Proven and probable reserve of 2.6 Moz Au, 12.7 Moz Ag (102 million tonnes grading 0.79 g/t Au, 3.85 g/t Ag)
  • Measured and indicated resources of 3.5 Moz Au, 17.5 Moz Ag (142.2 million tonnes grading 0.76 g/t Au, 3.8 g/t Ag)
  • Infered resources of 1.3 Moz Au, 7.6 Moz Ag (72 million tonnes grading 0.55 g/t Au, 3.3 g/t Ag)
Caps / Buy-Down Options:
  • 50% buy-down options on the stream in 2018 and 2019 for US$50M
  • Stream capped at 142k oz Au and 695k oz Ag (delivered)
  • Offtake capped at 2.1M oz less streamed gold
Production: Total mine: LOM Avg. production of 225k oz Au/year


Initial 10-year mine life with 2.6 million oz  gold reserves

  • Low-cost oxide project in construction
  • Fully-funded
Source: Company disclosure and Osisko management estimates.
(1) Inclusive of reserves