Union files complaint against Orla Mining, alleging violation of worker rights in Mexico
The complaint is only the second of its kind made from Canada using CUSMA’s RRM process since the trade deal came into force in 2020.
MONTREAL – Osisko Gold Royalties has begun a $100 million share buyback program with an initial investment of $9.8 million towards its normal course issuer bid. The company purchased 849,480 shares at an average price of $11.56 per share during December 2018. The shares will be canceled.
The share buyback program was announced last month at the same time Osisko said it had received proceeds of $159.4 million from Pretium Resources. Pretium made the payment to repurchase the gold and silver stream from its recently commissioned Brucejack gold mine in British Columbia.
Osisko has a $350-million revolving credit facility with only $30 million drawn against it. At the end of last year the company had about $1 billion in cash resources, credit facilities and equity investments available for the acquisition of streams and royalties.
Visit www.OsiskoGR.com for a look at Osisko’s global portfolio.
This story first appeared on Canadian Mining Journal.
