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Osisko Gold Royalties Ltd
Symbol OR
Shares Issued 94,335,750
Close 2015-08-31 C$ 15.27
Market Cap C$ 1,440,506,903
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Taylor refreshes Osisko Gold buy

2015-08-31 22:43 ET - In the News

Jay Taylor, in the Aug. 12, 2015, edition of Gold, Energy & Tech Stocks, refreshes his buy of Osisko Gold Royalties Ltd., recently $15.61. Mr. Taylor said buy twice -- on July 17, 2014, at $14.80 and on March 16, 2015, at $16.88. Assuming a $1,000 investment for each of the two buys, the $2,000 position is now worth $1,966. Mr. Taylor says Osisko is an absolute powerhouse gold royalty company that will only get bigger and better. It currently holds a 2-per-cent net smelter return royalty on the Eleonore mine in Quebec, which is being developed by Goldcorp Inc. The mine is expected to produce 290,000 to 330,000 ounces of gold this year. Osisko also holds equity interests in numerous other Quebec projects the editor adds, some of which are very advanced and should start generating cash flow for the company in the near future. Mr. Taylor is fond of one in particular, Falco Resources Ltd., in which Osisko holds an 11.4-per-cent equity interest. They share a mutual chairman, Sean Roosen. Mr. Taylor concludes that among the larger companies, Osisko is definitely his favourite because not only does it have major potential for expansion, it also carries less risk as a royalty company.

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