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 (OR: TSX & NYSE) has released its preliminary results for Q1 2023, reporting approximately 23,111 attributable gold equivalent ounces (GEOs) and preliminary revenues of $59.6 million. The cost of sales was $4.0 million, resulting in a cash margin of $55.6 million (93%). The cash balance increased to $119.1 million, with a net debt position of $15.9 million as of March 31, 2023. Notably, Osisko is positioning for growth with expectations of increased deliveries and significant upcoming catalysts tied to its asset portfolio, including the CSA silver stream and Canadian Malartic mine developments. Full production and financial details will be provided on May 10, 2023, followed by a conference call on May 11, 2023.
Osisko Gold Royalties Ltd (TSX & NYSE:OR) has filed its Annual Information Form, Consolidated Annual Financial Statements, and Management's Discussion and Analysis for the year ended December 31, 2022, with Canadian regulators and the U.S. SEC. These documents detail the company's financial performance and operational highlights. Osisko's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine, Canada’s largest gold mine. Shareholders can request hard copies of these filings at no extra cost. The company, founded in June 2014, manages a diverse portfolio of over 180 royalties and streams focused on precious metals.
Osisko Gold Royalties Ltd (OR: TSX & NYSE) has announced a first quarter 2023 dividend of C$0.055 per common share, payable on April 14, 2023, to shareholders on record as of March 31, 2023. This eligible dividend, defined under the Income Tax Act (Canada), offers U.S. shareholders a dollar equivalent based on the Bank of Canada's daily rate on the record date. Osisko also has a dividend reinvestment plan available for its Canadian and U.S. shareholders, allowing them to reinvest dividends into additional shares. Shareholders are advised to consult their tax advisors concerning implications of participation in the plan.
Osisko Gold Royalties Ltd (OR) reported strong financial results for Q4 and the full year 2022, with record revenues of $217.8 million from royalties and streams, and a net earnings increase to $85.3 million, equating to $0.47 per share. The total earned GEOs rose by 12% to 89,367. Q4 also saw record quarterly revenues of $61.9 million and net earnings of $22.4 million. The company anticipates earning 95,000 to 105,000 GEOs in 2023, maintaining a cash margin of 93%. Additionally, Osisko plans significant investments, including a $250.2 million public offering and various acquisitions.
Osisko Gold Royalties reported record fourth quarter 2022 results, earning approximately 25,023 gold equivalent ounces (GEOs) and achieving a cash margin of $57.2 million, a 92% margin. Total revenues for Q4 reached $61.9 million, contributing to annual revenues of $217.8 million. Osisko's cash reserves stood at $90.5 million after full repayment of convertible debentures. The company is also advancing several asset transactions, including a pending $75 million silver stream agreement and ongoing developments at the Canadian Malartic and Mantos Blancos mines, with expectations for future growth in 2023.
Osisko Gold Royalties Ltd (OR: TSX & NYSE) announced a revised agreement with Metals Acquisition Corp (MAC) for a 100% silver stream on the CSA mine in New South Wales, Australia. Osisko's subsidiary, Osisko Bermuda Limited (OBL), will pay US$75 million upfront, reduced from US$90 million, plus ongoing payments at 4% of the spot price. Additionally, a backstop copper stream could provide up to US$75 million to cover financing shortfalls. The CSA mine has historically produced about 431,000 ounces of silver annually. The transaction is conditional on MAC securing necessary financing.
Osisko Gold Royalties Ltd (OR) has appointed Grant Moenting as Vice President, Capital Markets, starting January. With 16 years of experience, Moenting previously worked at Scotiabank Global Banking and Markets, where he was recognized as a top sales professional in mining. His extensive background in the mining sector and capital markets is expected to enhance Osisko's performance. CEO Sandeep Singh expressed that Moenting's expertise will complement the existing team and help leverage the company's strong year into 2023.
Osisko Gold Royalties Ltd (OR) has received approval from the Toronto Stock Exchange for a normal course issuer bid (NCIB Program) allowing it to acquire up to 18,293,240 common shares over the period from December 12, 2022, to December 11, 2023. This repurchase program, representing about 10% of the public float, aims to enhance shareholder value by reducing the number of shares outstanding. The maximum daily purchase limit is set at 81,963 shares. Previously, under the earlier NCIB Program, Osisko purchased 1,694,658 shares at an average price of $13.0619.
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