Osisko Gold to buy Orion’s metals portfolio for $1.13 bln: Reuters

Canada's Osisko Gold Royalties Ltd said it had agreed to buy a precious metals portfolio from U.S. private equity firm Orion Mine Finance Group for $1.13 billion (US$839.40 million) to expand its diamond, gold and silver asset base, Reuters reported. Osisko will pay Orion $675 million in cash and the remaining $450 million in Osisko shares. The portfolio consists of 74 royalties, streams and precious metals offtakes and will result in Osisko holding a total of 131 royalties and streams, the company said. Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ agreed to help fund Osisko's acquisition via a $275 million private placement.

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