Origin Merchant Partners is pleased to announce that Barrick Gold Corporation (“Barrick”) has sold royalties owned by its subsidiary, Barrick TZ Limited, to Osisko Gold Royalties Ltd (“Osisko”) ”) for total cash consideration of US$11,750,000.
Origin Merchant Partners acted as the exclusive financial advisor to Barrick with respect to this transaction.
Barrick (ABX: TSX, GOLD: NYSE) is one of the largest gold mining companies in the world, with corporate offices located in Toronto, Ontario. The company has gold and copper mining operations and projects in 13 countries around the globe.
Osisko (OR: TSX & NYSE) is an intermediate precious metal royalty company focused on the Americas. The company holds a North American focused portfolio of over 160 royalties, streams and precious metal offtakes.