Osisko Gold Royalties Ltd

10:42 AM EST - Osisko Gold Royalties Ltd : Has signed a term sheet with Victoria Gold Corp. to acquire a 5% net smelter return royalty for $98 million on the Dublin Gulch property which hosts the Eagle Gold project located in Yukon. Eagle is a shovel ready gold project which currently hosts 2.7 million ounces in proven and probable gold reserves from 123 million tonnes of ore with a grade of 0.67 grams of gold per tonne, as outlined in a National Instrument 43-101 feasibility study, and when in production is expected to produce approximately 200,000 ounces of gold annually at an operating cost of approximately $550 U.S. per ounce. Osisko Gold Royalties Ltd shares T.OR are trading down $0.07 at $12.47.