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Osisko Gold Royalties withdraws guidance

Kitco News

Osisko Gold Royalties (TSX:OR) said today it is withdrawing its 2020 production guidance until further notice due to evolving news related to COVID-19.

"Given the uncertainties with respect to future developments, including the duration, severity and scope of the outbreak, the actions taken to contain or treat the COVID-19 outbreak, and impacts on mining operations such as Newmont Corporation’s Éléonore mine which, as per their announcement today, is now on temporary care and maintenance, Osisko considers that it is prudent to withdraw its 2020 production guidance until further notice. The Company will continue to monitor the situation closely," said the company in a statement.

In 2019 Osisko produced 78,006 gold equivalent ounces.

Last night Newmont withdrew its guidance.

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