Welcome to our dedicated page for Osisko Gold Royalties news (Ticker: OR), a resource for investors and traders seeking the latest updates and insights on Osisko Gold Royalties stock.
Osisko Gold Royalties Ltd (symbol: OR) is an intermediate precious metal royalty company primarily focused on the Americas. Since its inception in June 2014, Osisko has built a diversified portfolio that includes over 130 royalties, streams, and precious metal offtakes. The company's core business revolves around acquiring and managing these assets to generate steady revenue streams.
Portfolio and Key Assets:
- Canadian Malartic Mine: Osisko holds a 5% net smelter return royalty on the largest gold mine in Canada, the Canadian Malartic Mine.
- Publicly Held Resource Companies: Osisko's portfolio includes significant stakes in various publicly traded companies, such as a 15.5% interest in Osisko Mining Inc., 12.8% in Osisko Metals Incorporated, 12.7% in Falco Resources Ltd., and 32.7% in Barkerville Gold Mines Ltd.
Business Segments: The company operates under two main segments:
- Precious Metals and Royalties: This segment focuses on acquiring and managing royalties, streams, and other similar interests in high-quality precious metal projects.
- Exploration and Development: In addition to managing its royalty portfolio, Osisko is involved in the exploration, evaluation, and development of mining projects.
Geographical Reach: While Osisko generates the majority of its income from North America, it also has interests in projects across South America, Australia, Africa, and Europe.
Financial Performance: Osisko reported record annual revenues of $247.3 million and operating cash flows of $187.0 million for the year ending December 31, 2023. The company's strong financial performance reflects its strategic acquisitions and effective management of its extensive portfolio.
With its robust portfolio and strong financial base, Osisko Gold Royalties Ltd continues to be a significant player in the precious metals industry, offering investors diversified exposure to high-quality royalty and streaming assets.
Osisko Gold Royalties (OR: TSX & NYSE) has declared a fourth quarter 2024 dividend of C$0.065 per common share, payable on January 15, 2025, to shareholders of record as of December 31, 2024. The company reminds shareholders of its dividend reinvestment plan (DRIP) available to residents of Canada and the United States. Shareholders can participate in the DRIP for the upcoming dividend payment by consulting with their financial advisors or contacting the transfer agent directly.
Osisko Gold Royalties reported Q3 2024 financial results with operating cash flows of $47.2 million, up from $43.5 million in Q3 2023. The company earned 18,408 gold equivalent ounces (GEOs) and generated revenues of $57.3 million from royalties and streams. Net earnings were $18.3 million ($0.10 per share), compared to a net loss of $20.0 million in Q3 2023. The company maintained a strong cash margin of 96.3% and ended the quarter with a cash balance of $58.5 million and debt of $80.7 million. Notable developments include the acquisition of a 6% gold stream on SolGold's Cascabel project for US$225.0 million and a binding agreement to acquire royalties on the Dalgaranga Gold Project.
Osisko Gold Royalties (OR: TSX & NYSE) has released preliminary Q3 2024 results. The company earned 18,408 attributable gold equivalent ounces (GEOs) and recorded preliminary revenues of $57.3 million from royalties and streams. With a cost of sales of $2.2 million, Osisko achieved a quarterly cash margin of $55.1 million (96.3%).
As of September 30th, 2024, Osisko's cash position stood at $58.5 million. The company's revolving credit facility was drawn by $80.7 million, with an additional $469.3 million available plus an uncommitted accordion of up to $200.0 million. Osisko's net debt position was reduced to $22.2 million following debt repayments of $27.3 million in Q3.
The company will host its Q3 2024 results conference call on November 6th, 2024, after market close.
Osisko Gold Royalties (OR: TSX & NYSE) has announced a binding agreement to acquire a 1.8% gross revenue royalty on the Dalgaranga Gold project and a 1.35% gross revenue royalty on additional regional exploration licenses in Western Australia. The total consideration for the transaction is US$50 million, with US$44 million for the Dalgaranga Royalty and US$6 million for the Exploration Royalty.
Key highlights of the transaction include:
- Exposure to a premium gold development project in Western Australia
- Near-term cash flow potential with first production likely within 2 years
- Significant geological potential with ongoing high-grade discoveries
- Fully-permitted processing plant and established infrastructure
- High-grade, long-life, and potentially low-cost future gold mine
- Large and prospective exploration licenses
The transaction is subject to approval from Australia's Foreign Investment Review Board, expected in the coming weeks.
Osisko Gold Royalties (OR: TSX & NYSE) provided select asset updates, highlighting positive developments in its portfolio. Key updates include:
- Upper Beaver Project: Potential for 210,000 oz gold and 3,600 tonnes copper annually, with production possible by 2030.
- Shaakichiuwaanaan Project: PEA results show potential to become one of the largest spodumene producers globally.
- Windfall Project: Gold Fields to acquire 100% ownership through a $2.16 billion transaction.
- CSA Mine: Achieved record quarterly copper production of 10,864 tonnes in Q2 2024.
- Tocantinzinho Mine: Reached commercial production on time and on budget.
- Eagle Gold Mine: Under receivership, with plans to resume operations after cleanup.
Osisko holds various royalties and streams on these projects, positioning it for potential growth and value creation.
Osisko Gold Royalties (OR: TSX & NYSE) has declared a third quarter 2024 dividend of C$0.065 per common share, marking its 40th consecutive quarterly dividend. The dividend will be paid on October 15, 2024 to shareholders of record as of September 30, 2024. This is an "eligible dividend" as defined by Canadian tax law. U.S. shareholders will receive the equivalent in USD based on the Bank of Canada's rate on September 30, 2024.
Osisko also reminds shareholders of its dividend reinvestment plan (DRIP) for Canadian and U.S. residents. Interested shareholders should contact their financial advisors or Osisko's transfer agent for enrollment details. The company emphasizes that participation in the DRIP does not exempt shareholders from taxes on reinvested dividends.
Osisko Gold Royalties (OR: TSX & NYSE) reported its Q2 2024 financial results, highlighting record operating cash flows of $52.3 million and a quarterly cash margin of 97%. Key points include:
- 20,068 gold equivalent ounces (GEOs) earned
- Revenues of $64.8 million from royalties and streams
- Net loss of $21.1 million due to a non-cash impairment loss
- Record adjusted earnings of $33.2 million ($0.18 per basic share)
- Cash balance of $65.7 million and debt of $109.0 million as of June 30, 2024
- Quarterly dividend increased by 8% to $0.065 per share
The company revised its 2024 GEO delivery guidance to 77,000 – 83,000 GEOs due to production suspension at Victoria Gold's Eagle mine. Osisko also announced the appointment of Wendy Louie to its Board of Directors.
Osisko Gold Royalties and Franco-Nevada have entered into a Gold Stream agreement with SolGold for the Cascabel copper-gold project in Ecuador. The Stream Purchasers will make initial deposits totaling US$100 million in three tranches for pre-construction costs, followed by additional deposits of US$650 million for construction costs. Osisko will provide 30% of the deposit for a 30% interest in the Gold Stream.
Key highlights include:
- Cascabel is a world-class, long-life Tier-1 copper-gold asset
- The 2024 PFS estimates production of 2.9 million tonnes of copper and 6.9 million ounces of gold over a 28-year mine life
- Potential for mine life extension through near-mine exploration
- Robust Gold Stream with phased investment as the project advances
- Osisko's annual deliveries expected to average 12,000 gold equivalent ounces over the initial mine life
Osisko Gold Royalties reported its Q2 2024 results, revealing 20,068 attributable gold equivalent ounces (GEOs) and $64.8 million in preliminary revenues. The company achieved a record cash margin of approximately $62.6 million. Osisko's cash position stood at $65.7 million after repaying $44.2 million on its revolving credit facility. Key asset updates included the suspension of operations at the Eagle Mine due to a heap leach pad failure, and the first deliveries from the CSA Copper Stream received in early July, which were not included in the Q2 GEO deliveries. The Tocantinzinho project in Brazil is nearing completion, with first gold pour expected soon. Osisko's Q2 2024 results will be discussed in a conference call on August 7, 2024.
Osisko Gold Royalties (OR) has reported that its partner, Victoria Gold Corp., experienced a failure at the heap leach pad of the Eagle Gold Mine in Yukon Territory. Operations have been temporarily suspended while the situation is assessed. Infrastructure damage has occurred, and some material has left containment, though no injuries were reported. Osisko holds a 5% NSR royalty on Eagle until 97,500 ounces of gold are delivered, and a 3% NSR royalty thereafter. The royalty covers the entire Dublin Gulch property, including Eagle, Olive ore deposits, and key exploration targets. Osisko is closely monitoring the situation and maintaining communication with Victoria.
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