LOADING

Type to search

Osisko Publishes Inaugural Asset Handbook and 2021 ESG Report

Osisko Publishes Inaugural Asset Handbook and 2021 ESG Report

Osisko Gold Royalties Ltd is pleased to announce the publication of its inaugural Asset Handbook and the second edition of the Corporation’s environmental, social and governance (“ESG”) report, Growing Responsibly.

2022 Asset Handbook

Osisko has built a deep portfolio of high-quality royalty and streaming assets, in favourable jurisdictions, operated by reputable mining partners. The portfolio provides exposure to over 165 royalties and streams, including 20 producing assets which underpin Osisko’s 2022 guidance of 90,000 to 95,000 gold equivalent ounces (“GEOs”) at a 93% cash margin1. To this solid foundation, significant internal growth is expected over the coming years, demonstrated by the recently announced five-year outlook which reaches 130,000 to 140,000 GEOs in 2026.

Osisko’s mining partners continue to add value through exploration, with an average of over 1 million meters drilled each of the past five years on shared assets, unlocking significant upside through new discoveries, reserve and resource additions and mine extensions and expansions. Over the course of 2021, Osisko’s estimate of Attributable GEOs2 (net of depletion) grew across all categories, experiencing an increase of 6% in Proven and Probable reserves, 12% in Measured and Indicated resources and 4% in Inferred resources.

Sandeep Singh, President and CEO of Osisko commented: “The 2022 Asset Handbook provides a comprehensive review of our unique asset base and the significant upcoming catalysts supporting both near-term and long-term growth. In our view, long-term value is only preserved and created for as long as Osisko and its partners operate in a responsible manner. Through our second edition of Growing Responsibly, we seek to provide a holistic summary of our ESG footprint, our continued ambition to improve, and our achievements against that ambition throughout the year. The company is going through a transformational phase, and we trust that these reports will assist stakeholders in understanding the fundamental value, and sustainable nature, of our business.”

See related article: East Ventures launches its inaugural Sustainability Report 2022

2021 ESG Report

In 2021, Osisko advanced its management of ESG matters with notable achievements across all areas. The following are select highlights of Osisko’s commitment to growing sustainably:

  • Launched inaugural ESG reportGrowing Responsibly, to better communicate the Corporation’s performance and approach to managing ESG matters;
  • Committed to the UN Global Compact to formally align with its Ten Principles;
  • Formed a strategic partnership with Carbon Streaming Corporation to promote global decarbonisation and biodiversity efforts through carbon credit streaming transactions;
  • Engaged a third party expert to provide an initial estimate of Scope 3 GHG emissions intensity attributable to Osisko’s share of the revenue from its portfolio;
  • Enhanced reporting by aligning Osisko’s disclosure with Sustainability Account Standards Board (“SASB”) industry standards; and
  • Maintained a leading position within MSCI’s ESG rating and improved Osisko’s position in Sustainalytics precious metals ESG ranking.

The 2022 Asset Handbook and the 2021 ESG Report, Growing Responsibly, can be found on Osisko’s website at www.osiskogr.com

Source: Osisko Gold Royalties Ltd

Topics

Related Articles

Leave a Comment

Your email address will not be published. Required fields are marked *