Fortuna Silver Mines Inc. (TSX: FVI; NYSE: FSM) reports that first-quarter output amounted to 2.4 million ounces of silver, along with 15,041 ounces of gold. These are increases of 18% and 14%, respectively, from the first quarter of 2017. The company says it is on track to meet annual guidance of 8.3 million ounces of silver and 48,300 ounces of gold. Meanwhile, first-quarter lead production fell 2% to 7 million pounds, while zinc production rose 2% to 11 million.
By Allen Sykora of Kitco News; [email protected]
Osisko Closes Financing On Victoria Gold’s Project
Monday April 16, 2018 09:33
Osisko Gold Royalties Ltd. (TSX, NYSE: OR) says it has completed the previously announced C$148 million financing with Victoria Gold Corp. (TSXV: VIT), in which Osisko received a 5% net-smelter-return royalty for C$98 million on the Dublin Gulch property, which hosts the Eagle gold project, in Canada’s Yukon. Osisko also purchased, on a private-placement basis, 100 million common shares of Victoria at 50 Canadian cents each. “The addition of the Eagle royalty strengthens our Canadian asset base and adds near-term Canadian gold to Osisko’s growth profile from a fully permitted, fully-financed and shovel-ready project located in Yukon, a premier mining jurisdiction,” says Sean Roosen, chair and chief executive officer of Osisko.
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