Dalradian Resources (DNA)

Gold royalty collector Roosen adds iron (ore) man to his resume

James Kwantes

Mon, 05/25/2015 12:40

Sean Roosen wasted no time establishing a gold royalty powerhouse, Osisko Gold Royalties (OR), last year after selling his Osisko Mining and its Malartic gold mine in Quebec to a Yamana Gold (YRI)/Agnico Eagle (AEM) consortium for $3.9 billion.

The Osisko Gold Royalties chairman and CEO added another prize royalty with the friendly takeover of Quebec-focused Virginia Mines. That deal gave Osisko a 2-3.5% NSR on Goldcorp's Eleonore mine in Quebec, which recently went into commercial production.

Ross Beaty beefs up junior holdings

James Kwantes

Wed, 04/22/2015 0:23

Vancouver mining magnate Ross Beaty has been dubbed a "broken slot machine" for his track record of identifying mineral deposits, developing them and selling them to majors.

Beaty's latest scores were the sales last year of Augusta Resources, of which he was a 10% shareholder, to Hudbay Minerals (HBM) for $555 million and of his Lumina Copper to First Quantum Minerals (FM) for $470 million. His take from those two transactions alone was more than $165 million.