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6/24/15

Global Mining Observer on Osisko Gold Royalties (OR.to) and Sean Roosen

A tasty write-up on the current condition of Osisko Gold Royalties (OR.to) and its "gruff and litigious" head honcho, Sean Roosen, out of Global Mining Observer this week entitled "Osisko's Inexplicable Overhead". Find the first part here (pdf download) and the second part here.

The reason for the title is captured in this chart from the piece...



...though I'm not sure why they decided to include Sandstorm in that group, it would have been better to concentrate on the serious royalty companies, not the failed excuses for them. Anyway, go read the note and here's an extract to whet your proverbial labios.
"In less than 2 years, Osisko’s punchy chief executive Sean Roosen has created a sizable new player, putting together royalties over Malartic and Eleonore, Canada’s two largest gold mines. Yet Roosen’s flare for bold, unpredictable deals also points to empire-building by Osisko and corporate largesse, raising broader questions as to how it will allocate its royalty revenue."