Renard (diamonds)

Stream and Terms: 9.6% diamond stream on the Renard mine. For each carat received under the stream Osisko pays the lesser of US$40 per carat or 40% of the achieved sales price.
Operator: Visit Stornoway Diamond Corporation for more information
Primary Commodity: Diamonds
Location: Québec, Canada
Reserves and Resources:
  • Proven and probable reserves of 18.3M carats (24.35 million tonnes grading 75 cpht)
  • Indicated resources 3.7 M Carats (8.7 million tonnes grading 42,3 cpht)
  • Inferred resources of 13 M carats (23.4 million tonnes grading 55.8 cpht)
Production: N/A

Catalysts:

  • Sustained diamond market recovery
  • Potential mine life extension from depth potential of existing kimberlite pipes and lateral development to other mineralized pipes

More details in the 2022 Asset Handbook

 

 
Renard, page 31
Source: Company disclosure and Osisko management estimates.