Osisko Boosts Gibraltar Silver Stream, Closes Dalgaranga Royalty Deal
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Osisko Gold Royalties Ltd OR announced an amendment to its silver stream by increasing its attributable silver percentage by 12.5% to 100% with respect to the Gibraltar copper mine. Osisko also announced that it has closed the previously announced acquisition of 1.8% gross revenue royalty on the Dalgaranga Gold project for $44 million.The mine is operated by a wholly-owned subsidiary of Taseko Mines Limited. Osisko and Taseko have also extended the step-down silver delivery threshold to 6,811,603 ounces delivered. In exchange for these amendments, Osisko has paid an additional deposit amount of $12.7 million to Taseko.In addition to the 1.8% gross revenue royalty, OR has also closed the acquisition of a 1.35% gross revenue royalty on additional regional exploration licenses in proximity to Dalgaranga for $6 million.Osisko’s shareholders will benefit from the increased silver stream transaction that is consistent with its strategy of adding cash flow from long-life assets in Tier 1 mining jurisdictions. In the case of Dalgaranga, since the agreement to acquire the Dalgaranga Royalty was announced on Sept. 30, 2024, its operator, Spartan, has continued to deliver on key milestones. These include the receipt of all key approvals and permits required for underground mining and development, the discovery of a new high-grade gold zone called “Freak,” and the release of an updated Mineral Resource Estimate, which demonstrated an impressive 68% increase in contained Indicated ounces, and which will serve as the basis for the upcoming Dalgaranga Feasibility Study.OR Stock’s Price PerformanceThe OR stock has gained 28.8% in the past year compared with the 12.8% growth of the industry.Image Source: Zacks Investment ResearchOR’s Zacks Rank and Key PicksOR currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Basic Materials space are Carpenter Technology Corporation CRS, CF Industries Holdings, Inc. CF and DuPont de Nemours, Inc. DD. While CRS sports a Zacks Rank #1 (Strong Buy) at present, CF and DD each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Carpenter Technology’s current-year earnings is pegged at $6.74 per share. CRS’ earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed the last, with the average surprise being 14.1%. The company’s shares have gained 143% in the past year.The Zacks Consensus Estimate for CF Industries’ current year earnings is pegged at $6.36 per share. CF surpassed the Zacks Consensus Estimate twice in the trailing four quarters and missed the rest, with an average earnings surprise of 10.3%. The stock has gained 5.9% in the past year.The Zacks Consensus Estimate for DD’s current-year earnings is pegged at $3.91, indicating a year-over-year rise of 12.4%. DD’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 12.9%. The company’s shares have gained 0.3% in the past year.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DuPont de Nemours, Inc. (DD): Free Stock Analysis Report CF Industries Holdings, Inc. (CF): Free Stock Analysis Report Carpenter Technology Corporation (CRS): Free Stock Analysis Report Osisko Gold Royalties Ltd (OR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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