Teck sold some portfolio scraps of NS royalties to Osisko for around $28M. They are all in eastern Canada. They have third quarter results coming Thursday so this could help in a small way to bolster their bottom line.
Osisko Gold Royalties Ltd (the "Corporation" or "Osisko") (TSX:OR) is pleased to announce that it has entered into a definitive agreement to acquire a portfolio of Canadian royalties held by Teck Resources Limited and its subsidiary Teck Metals Ltd. ("Teck") (TSX:TCK.B) for a cash consideration of C$28 million, with an additional C$2.5 million paid on confirmation of certain rights.
The portfolio consists of 31 royalties, most of which are net smelter return ("NSR") royalties and a production royalty on properties located in Eastern Canada, including royalties on Richmont Mines Inc.'s producing Island Gold Mine and Integra Gold Corp.'s Lamaque property.
http://www.juniorminingnetwork.com/junior-miner-news/press-releases/350-tsx/or/12668-osisko-acquires-canadian-precious-metal-royalty-portfolio.html#.ViVwhNwuvwI