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Lamaque (Au)

Royalty and terms: 0.85% net smelter return (NSR)

Net amount of royalty reflecting the 1% NSR buyout option for $2 million and the 0.15% participation of Osisko Gold Royalties’ financial partners.

Operator:  Eldorado Gold

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Primary Commodity: Gold
Location: Quebec, Canada
Reserves and resources: Triangle Zone

  • Probable reserve of 893,000 ounces Au (3.8 million tonnes grading 7.30 g/t Au)
  • Measured and indicated resources of 1.3 million ounces (4.7 million tonnes grading 8.45 g/t Au)
  • Infered resources of 1.3 million ounces (5.4 million tonnes grading 7.29 g/t Au)
Status: Development


  • Average annual gold production: 117 k oz2
  • Mine life: 7 years
  • Exploration for 2018 is budgeted at $7 million.
    (2) See Pre-Feasibility 43-101 Technical Report dated March 29, 2018, the results of which are highlighted in the Technical Studies Eldorado Gold Press Release dated March 21, 2018.
    Source: Company disclosure and Osisko management estimates.