Back Forty (Au, Ag)

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:
  • Measured and indicated resources (exclusive of reserves) of 1,032 koz Au (14 Mt @ 2.2 g/t Au), 12,416 koz Ag (14 Mt @ 26.6 g/t Ag)
  • Inferred resources of 89 koz Au (1.2 Mt @ 2.3 g/t Au), 1,415 koz Ag (1.2 Mt @ 36.9 g/t Ag)
Production:
  • 54 koz Au (LOM Avg.)
  • 533 koz Ag (LOM Avg.)

More details in the 2024 Asset Handbook

 

 
Back Forty, page 38
Source: Company disclosure and Osisko management estimates.