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Joseph de la Plante & Chris Lodder: Creating Value within the Junior Mining Space

Joseph walks us through a presentation on Osisko Gold Royalties. They are a growth royalty company created in 2014, and he outlines their financial position. Their primary focus is on mining in Canada. They focus on areas where there is a long history of production and they have had steady growth for the last five years.

They currently have twenty different producing assets and an extensive portfolio all built with a very small team. Their primary asset is Canadian Malartic, which they plan on expanding. They focus on early opportunities and invest in a hybrid of equity and royalties. Their business model is concentrated in a way that allows them to avoid competing with other large royalty companies. Their goal is for every dollar they put into a company that company can draw ten dollars from the market. Unlike most royalty companies, their NAV is primarily coming from Canadian assets.

Joseph introduces Chris Lodder, who is CEO of Barkerville Gold Mines and one of Osisko’s significant investments. Chris discusses Barkerville, which is located in central British Columbia that covers 2000 square miles of historic mineral rights. The previous owners had a lot of management issues, lawsuits, and over-estimated their resources. They ended up with an opportunity to acquire an interest when Eric Sprott obtained control. They put five million into owning twenty percent, and they have slowly warmed up to the project having afterward invested 35 million into exploration and development.

Currently, there is an underground resource of 3.7 million ounces, which is growing under the new geological model they have developed. The new model is providing them with excellent results, but exploration is drill intensive. They are working on a phased approach to growing production.

Time Stamp References:
1:00 – Intro to Osisko Gold Royalties.
2:00 – Details of Osisko and Canadian focus.
5:00 – Royalty portfolio by asset class.
8:00 – Osisko companies.
10:00 – Projects that are coming online.
12:00 – Shareholder breakdown.
14:00 – Summary
15:30 – Barkerville Mines introduction.
17:00 – History and Equity overview.
19:00 – Thirty-five million in investment.
23:00 – Layout of the current resource.
25:30 – Long section – mineralized trend.
27:00 – Geological model.
29:00 – Test mining in 2018.
30:00 – Resource estimate.

Talking Points From This Week’s Episode
• Osisko Gold Royalties overview.
• Why they focus on Canadian assets.
• How their approach differs from other royalties.
• Barkerville Mines history and how it was acquired.
• The new geological model they developed is working.
• Their plans for developing to full-scale production.

Joseph de la Plante is Vice President of Corporate Development for Osisko Royalty since June 2014. Before this, Mr. de la Plante held the position of Senior Advisor, Investment and Corporate Development of Old Osisko since November 2010, where he played a key role in the company’s investor relations and corporate development efforts, including certain aspects of the company’s long-term financial planning.

Before joining Osisko in 2010, he was an Analyst in BMO Capital Markets’ Global Metals & Mining Investment Banking Group in Toronto, where he worked in an advisory role on merger and acquisition mandates as well as equity and debt offerings for various producing and development stage gold companies. Mr. de la Plante holds a Bachelor of Mechanical Engineering from McGill University.

Chris Lodder is President & CEO of Barkerville Gold Mines Limited. He has 25 years of experience working on and managing Greenfields and Brownfields exploration with major and junior mining companies worldwide with the majority of his career focused in the Americas. Mr. Lodder is the President of Talisker Exploration Services Inc., an Ontario based Mining and exploration services company founded by Mr. Lodder in 2010, whose principal clients are Osisko Gold Royalties and their associated companies. From 1999 to 2010 he was South American Exploration Manager and later the Americas Exploration Manager for AngloGold Ashanti. During his time with AngloGold Ashanti, the Exploration teams made several important Brownfields and Greenfields discoveries throughout South America totaling more than 28 million ounces of gold.

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