Says Osisko Gold Royalties: Eagle is another one worth mentioning a little bit, at least. With the commercial production last year, it's still very much in the ramp-up phase. I think one of the reasons I mentioned our quarter -- or first quarter bodes well for the year is many of you will know that in the coolest months of the winter, the Eagle mine does not stack, Victoria does not stack ore. They mine, but they don't stack ore. So it's always meant to be their lowest production quarter. We saw that with what we received in Q1. Their guidance is maintained. So we fully expect there to be a continued ramp-up over the year with respect to our delivery ounces on Eagle.
Add to that, they are working towards their Project 250, is what they called -- what they call it, to try to see if they can increase production to 250,000 ounces per annum by 2023 and the engineering work for that will be ongoing in the second half of this year.
Just last point on the Eagle story, obviously, there was a fair bit of excitement yesterday with the announcement that an intermediate company has picked up just shy of 20,000 -- sorry, 20% of the company. I think for us or just in general, what that should show you is the scarcity value and the importance of 200,000 ounce a year type assets in Canada. Eagle is one which we have a royalty on, but we certainly have a portfolio with more of those in it. So we'll see how that continues to play out.