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Renard (diamonds)

Stream and terms:
  •  9.6% Stream on diamonds

A cash transfer payment which shall be the lesser of 40% of achieved sales price and US$40 per carat.
No cap on current reserve pipes

Operator: Stornoway Diamond
Visit Stornoway Diamond Corporation for more info
Primary Commodity: Diamond
Location: North-Central Québec, Canada
Reserves and Resources1:
  • Probable reserve of 22.0M carats (33 million tonnes grading 66.6 cpht)
  • Indicated resources 2.81 M Carats (6.09 million tonnes grading 46 cpht)
  • Infered resources of 13.13M carats (23.45 million tonnes grading 56 cpht)
Production:
  • Total mine: LOM avg. of 1.6M cts/year
  • Stream attributable: 15.3k GEO2s in full year 2017


Producing world class diamond mine in Québec

  • Québec organizations invested (Investissement Quebec, La Caisse and Fonds)
  • Scarcity of new diamond mines globally
  • Upside from M&I and inferred and all pipes remain open at depth

Quality operator with strong balance sheet

  • Caisse owns separate 4% stream on Renard and Investissement Quebec owns a 2% NSR royalty

 

Source: Company disclosure and Osisko management estimates.
(1) Exclusive of reserves
(2) GoldEequivalent Ounces