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 (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.
Osisko Gold Royalties Ltd (OR) announced a fourth quarter 2020 dividend of C$0.05 per common share. The payment will be made on January 15, 2021, to shareholders of record as of December 31, 2020. For U.S. shareholders, the equivalent amount will be determined based on the Bank of Canada's rate on that date. Additionally, Osisko has implemented a dividend reinvestment plan for its shareholders in Canada and the U.S. This dividend is classified as an 'eligible dividend' per the Income Tax Act (Canada).
Osisko Gold Royalties Ltd reported strong Q3 2020 results, achieving record revenues of $41.2 million, up from $33.9 million in Q3 2019. Operating cash flows reached $36.1 million, while net earnings were $12.5 million or $0.08 per share, contrasting with a loss in the previous year. The company announced a spin-out of assets into Osisko Development and acquired the San Antonio gold project for US$42 million. With $160.7 million in cash and a strong outlook on gold deliveries, Osisko is well-positioned for continued growth.
Osisko Gold Royalties and Barolo Ventures announce the closing of a private placement of 13,350,000 subscription receipts at CDN $7.50 each, raising CDN $100 million. This financing is part of Barolo's 'Reverse Take-Over' (RTO). Each receipt converts to one share post-RTO, along with a warrant for further share purchase at CDN $10.00. The proceeds will be held in escrow until RTO conditions are met by January 31, 2021. Notably, insiders participated, leading to related party transaction considerations under TSX rules.
Osisko Gold Royalties and Barolo Ventures Corp. announced updates on their reverse takeover (RTO) transaction, previously disclosed on October 5, 2020. A definitive amalgamation agreement was executed on October 23, 2020, leading to a three-cornered amalgamation. Following the RTO, Barolo will be renamed Osisko Development Corp., with a share consolidation of 1:60. Concurrently, Osisko will raise CDN $100 million through the sale of 13.35 million subscription receipts at CDN $7.50 each, aimed at funding the Cariboo and San Antonio Gold Projects. Approval from the TSX Venture Exchange is pending.
Osisko Gold Royalties Ltd has announced its Q3 2020 results, reporting 16,700 attributable gold equivalent ounces and preliminary revenues of C$55.7 million. Cost of sales, excluding depletion, was C$15.2 million, resulting in a cash operating margin of approximately C$40.5 million. The cash operating margin on royalties and streams reached a record of 96.4%. The company anticipates improved GEO deliveries in Q4 2020. A conference call is scheduled for November 10, 2020 to discuss these results.
On October 13, 2020, Osisko Gold Royalties Ltd (OR: TSX & NYSE) announced a life-of-project agreement with the Lhtako Dene Nation and Barkerville Gold Mines Ltd to advance the Cariboo Gold Project. This agreement aims to foster collaboration and provide training, employment, and financial opportunities for LDN people. The project is progressing through permitting, targeting a feasibility study completion in late 2021 and full permits by 2022, with significant existing infrastructure in place.
Osisko Gold Royalties (TSX & NYSE: OR) announces positive drilling results from its Cariboo Gold Project in British Columbia. The ongoing 40,000-meter drilling campaign has reinforced the potential of Cariboo, with significant high-grade intercepts reported, including 6,530 g/t Au over 0.50 meters. Newly discovered Lowhee Zone and multiple high-grade vein corridors have expanded the mineralized system to 15 kilometers. Osisko's chair, Sean Roosen, emphasizes the project's importance as a mining camp, positioning Cariboo as a flagship asset.
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