Stream and Terms: | Osisko, through its wholly-owned subsidiary Osisko Bermuda, owns two precious metal streams on the Back Forty project; an 85% silver stream and an 18.5% gold stream. In exchange for ounces received under the streams, Osisko Bermuda will pay 30% of the spot price for gold (to a maximum of US$600 per ounce), and US$4 per ounce of silver. |
Operator: | Visit Gold Resource Corporation for more information |
Primary Commodity: | Gold, Silver |
Location: | Michigan, USA |
Reserves and Resources: |
|
Production: |
|
Catalysts:
- Completion and publication of the updated Feasibility Study including optimized metallurgical testwork results and cost trade-off analysis
- Final permit applications upon completion of Feasibility Study
- Financing/construction decision after receipt of all regulatory approvals
More details in the 2023 Asset Handbook
Source: Company disclosure and Osisko management estimates.