2022 Asset Handbook
Osisko has built a deep portfolio of high-quality royalty and streaming assets, in favourable jurisdictions, operated by reputable mining partners. The portfolio provides exposure to over 175 royalties and streams, including more than 20 producing assets which underpin Osisko’s 2022 guidance of 90,000 to 95,000 gold equivalent ounces (“GEOs”) at a 93% cash margin. To this solid foundation, significant internal growth is expected over the coming years, demonstrated by the recently announced five-year outlook which reaches 130,000 to 140,000 GEOs in 2026.
Osisko’s mining partners continue to add value through exploration, with an average of over 1 million meters drilled each of the past five years on shared assets, unlocking significant upside through new discoveries, reserve and resource additions and mine extensions and expansions. Over the course of 2021, Osisko’s estimate of Attributable GEOs (net of depletion) grew across all categories, experiencing an increase of 6% in Proven and Probable reserves, 12% in Measured and Indicated resources and 4% in Inferred resources.
Mineral Reserves and Resources