Osisko to acquire royalty on SolGold’s Cascabel project
Published by Joe Toft,
Editorial Assistant
Global Mining Review,
As part of the transaction, Osisko will acquire a 0.6% net smelter return royalty (NSR) covering the entire 4979 ha. Cascabel property, including SolGold’s world-class Alpala project for which SolGold released the results of a pre-feasibility study in April of 2022.
Sandeep Singh, President and CEO of Osisko, commented:
“We are excited to partner with SolGold on one of the best copper-gold discoveries made over the last decade. We believe that Alpala has the potential to become a tier-1 asset with a much longer mine life than currently envisaged. SolGold was a first mover in Ecuador and we view the broader Cascabel property as having the geological potential to support significant further discoveries. Osisko’s investment in SolGold adds yet another high-quality royalty to our portfolio of peer-leading growth.”
Read the article online at: https://www.globalminingreview.com/finance-business/08112022/osisko-to-acquire-royalty-on-solgolds-cascabel-project/
You might also like
Global mining leaders arrive in Perth as GRX26 kicks off a week of international collaboration and innovation
Perth is at the centre of global mining innovation this week, with international delegations, major mining companies, and technology leaders arriving for the Global Resources Innovation Expo 2026 (GRX26), hosted by leading peak bodies Austmine and AusIMM.