09:44 AM EST - Osisko Gold Royalties Ltd : Announced that the Renard diamond mine, operated by Stornoway Diamonds Canada Inc. will be restarting operations in September 2020. The detailed plan approved by the Board of Directors of Stornoway and its shareholders includes cost reductions of over $30M over the next 16 months of operations, with a projected impact of significantly reducing the all-in cost of production. Further to this cost reduction plan, the current shareholders of Stornoway have committed to reinvest up to $30M (up to $7.5M for Osisko) in a senior secured working capital facility. Osisko Gold Royalties Ltd
shares T.OR are trading unchanged at $16.75.
