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Osisko wades into iron ore amid 'perfect' market for royalty companies

from Financial Post

Osisko Gold Royalties says it has confidence in its recent acquisition of a stake in Labrador Iron Ore Royalty, even if its shareholders don't quite know what to make of the investment at a time when the metal's price languishes near half its value of a year ago. "We understand that there are cycles and 'buy low, sell high' is easy to say but hard to do," said Osisko CEO Sean Roosen. "In this case and time, when everyone is running for cover, that's when we want to wade in. I think we bought it right." more

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