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 Ltd announced a first quarter 2021 dividend of C$0.05 per common share. The dividend will be paid on April 15, 2021, to shareholders of record by March 31, 2021. For U.S. shareholders, the USD equivalent will depend on the Bank of Canada's rate on the record date. The company also reminded shareholders about its dividend reinvestment plan, allowing participation in connection with this dividend. It aims to enhance returns and offers more flexibility for shareholders. More details are available on its website.
Osisko Gold Royalties reported record revenues of $156.6 million for 2020, surpassing guidance due to increased 66,113 GEOs earned. Q4 revenues reached $48.8 million, with cash flows of $32.6 million. Net earnings were $16.9 million for the year. The company announced plans for the Odyssey underground project, aiming for production to start in 2023. Osisko Development raised $100.1 million through financing. A quarterly dividend of $0.05 per share is declared for April 2021. Guidance for 2021 estimates between 78,000 and 82,000 GEOs.
Osisko Gold Royalties Ltd (OR) announced the approval of the Odyssey underground project at the Canadian Malartic mine, a joint venture with Agnico Eagle Mines and Yamana Gold. This project is expected to commence underground production in 2023, with an annual output of 545,000 ounces of gold starting in 2029, surpassing previous estimates. Osisko holds a 3-5% net smelter return (NSR) royalty on the project. The mine's lifespan has been extended to at least 2039, with US$30 million allocated for exploration in 2021, focusing on significant drilling at East Gouldie.
Osisko Gold Royalties Ltd (OR: TSX & NYSE) will release its fourth quarter and full year 2020 results on February 24, 2021, after market close. A conference call is scheduled for February 25, 2021, at 10:00 am EST, where investors can participate by dialing 1-833-979-2852 toll-free in North America or +1-236-714-2915 internationally. The replay will be accessible from 1:00 pm EST on February 25 until March 4, 2021. Osisko focuses on precious metal royalties and holds over 140 royalties and streams, primarily anchored by a 5% royalty on the Canadian Malartic mine.
Osisko Gold Royalties Ltd (OR) announced the appointment of Ms. Candace MacGibbon to its Board of Directors. With over 25 years of experience in the mining sector and capital markets, Ms. MacGibbon currently serves as CEO of INV Metals Inc. She is a Chartered Professional Accountant and has held significant roles in various financial institutions. Sean Roosen, Executive Chair, expressed confidence in her leadership and industry knowledge, anticipating positive inspiration for both management and fellow directors.
Osisko Gold Royalties reported preliminary Q4 2020 sales of approximately 18,800 attributable gold equivalent ounces (GEOs), exceeding its guidance of 63,500-65,500 GEOs for the year with a total of about 66,100 GEOs in 2020. Revenues for Q4 were C$64.5 million, resulting in a cash operating margin of C$46.3 million. The company announced the appointment of Heather Taylor as Vice President, Investor Relations. Key updates include production expectations from Canadian Malartic and Mantos Blancos, along with strategic developments at various mining operations.
Osisko Gold Royalties Ltd (OR) has received approval from the Toronto Stock Exchange for a normal course issuer bid (NCIB Program), allowing the acquisition of up to 14,610,718 common shares. The buyback program commences on December 12, 2020, and concludes by December 11, 2021. Daily purchases are capped at 138,366 shares, representing 25% of the average daily trading volume. The aim of the program is to enhance shareholder value, as the board believes the current market price does not reflect the company's underlying value.
Osisko Gold Royalties (TSX & NYSE: OR) announced a historic drill result from Osisko Mining at the Windfall gold project, reporting a remarkable intercept of 13,634 grams per tonne over 2 meters, including 90,700 grams per tonne over 0.3 meters. This achievement underscores the high-grade potential of the Windfall deposit. Osisko Gold holds a 2.0% to 3.0% net smelter return royalty on Windfall and a 14.6% equity stake in Osisko Mining, providing significant exposure to this promising gold asset.
Osisko Gold Royalties Ltd (OR) and Osisko Development Corp. have successfully launched Osisko Development, aiming to become a prominent mid-tier gold producer in North America. An amalgamation of their entities took place after a spin-out transaction, where Osisko Royalties transferred mining properties, including the Cariboo Gold Project, to Osisko Development. The deal culminated in a Reverse Take-Over (RTO), effective November 25, 2020. Osisko Royalties now holds approximately 88% of Osisko Development shares, and management teams have been restructured to enhance operational efficiency.
Osisko Gold Royalties and Barolo Ventures have announced updates regarding their planned reverse take-over (RTO) transaction. Barolo has received conditional approval from the TSX Venture Exchange to list additional shares and consolidate its shares on a 1-for-60 basis. Following the RTO, Barolo will be renamed Osisko Development Corp. Conditional approval demands Barolo meet specific conditions by the TSX-V. The transaction is anticipated to close around November 25, 2020, with shares expected to commence trading under the symbol 'ODV' on December 2, 2020.
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