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Renard (diamonds)

Operator: Stornoway Diamond Corporation
Primary Commodity: Diamond
Location: North-Central Québec, Canada
Reserves and Resources1:
  • P&P reserves of 22.0M carats
  • M&I of 0.9M and inferred of 13.4M carats
Stream:
  • 9.6% Stream on diamonds
  • US$50/carat transfer payment
    • 1% annual inflation starting 3 years after commercial production
  • No cap on current reserve pipes
Production:
  • Total mine: LOM avg. of 1.6M cts/year
  • Stream attributable: 15.3k GEOs 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