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) reported strong Q2 2022 results, showcasing a record cash margin of $47.8 million from royalties and streams. The company earned 22,243 GEOs, up from 20,178 GEOs in Q2 2021. Consolidated revenues increased to $64.0 million compared to $57.9 million in the same quarter last year. However, net earnings were $17.2 million, a turnaround from the $14.8 million loss in Q2 2021. Operating cash flows from the royalties segment were $35.0 million, reflecting robust cash generation despite operating challenges in other areas.
Osisko Gold Royalties has announced record preliminary results for Q2 2022, earning approximately 22,240 gold equivalent ounces (GEOs) and generating C$51.5 million in revenues, a significant increase since its inception in 2014. The company reported a cash margin of approximately C$47.8 million, representing 93% of revenues. Plans for the second half of the year suggest further increases in GEO deliveries as ramp-ups at key projects progress. Notable updates include partnerships and ongoing expansions at various mines, particularly in Canada and New South Wales.
Osisko Gold Royalties Ltd (OR) announced a binding agreement between its subsidiary Osisko Bermuda Limited and Tintic Consolidated Metals LLC to establish a metals stream on the Trixie Mine in Utah. The agreement includes a US$20 million upfront payment to fund the mine's development and entitles Osisko to purchase 2.5% of metals produced until 27,150 ounces of gold are delivered, thereafter 2.0%. The transaction is set to close by July 31, 2022, with Osisko's ownership in Osisko Development Corp increasing to 45%.
On May 12, 2022, Osisko Gold Royalties Ltd (OR) held its annual shareholder meeting, where all nine nominees were elected as directors. Honourable John R. Baird received 97.29% approval, while Charles E. Page secured 99.60%. PricewaterhouseCoopers was appointed as the independent auditor with 99.12% support. Additionally, shareholders approved the amended Deferred Share Unit Plan with 98.36% votes in favor. The advisory resolution on executive compensation also garnered 95.39% approval, underscoring strong shareholder confidence.
Osisko Gold Royalties Ltd has declared a second quarter 2022 dividend of C$0.055 per common share. This dividend will be paid on July 15, 2022 to shareholders of record as of the close on June 30, 2022. Eligible U.S. shareholders will receive the U.S. equivalent based on the Bank of Canada's rate on the record date. Additionally, a dividend reinvestment plan is available for shareholders in Canada and the U.S., allowing them to reinvest dividends into additional shares.
Osisko Gold Royalties Ltd (OR) reported Q1 2022 financial results, showing a decrease in consolidated revenues to $59.4 million from $66.9 million in Q1 2021. The company earned 18,251 GEOs compared to 19,960 GEOs a year earlier. Operating cash flows from royalties and streams stood at $40.5 million, up from $36.7 million in Q1 2021. Despite a strong cash margin of 94%, net earnings attributable to shareholders fell to $0.3 million, or $0.00 per share, from $10.6 million, or $0.06 per share, in the previous year. A quarterly dividend of $0.055 per share was declared.
Osisko Gold Royalties Ltd (OR: TSX & NYSE) reports significant preliminary Q1 2022 results, earning approximately 18,251 attributable gold equivalent ounces and preliminary revenues of C$50.7 million. The record cash margin reached C$47.5 million, or 94%, boosted by strong gold prices. Seasonal impacts on production are expected to fade as operations ramp up. Key developments include a silver stream agreement related to the CSA mine and continued drilling at the Canadian Malartic mine, indicating growth potential. Full financial details to be disclosed on May 11, 2022.
Osisko Gold Royalties Ltd (OR: TSX & NYSE) has released its Notice of Annual Meeting of Shareholders and Management Information Circular, available on its website and regulatory filings. The annual meeting is set for May 12, 2022, in Montreal. Notably, Christopher C. Curfman will not seek re-election, and the Governance Committee has nominated Edie Hofmeister, who brings extensive mining industry experience and a strong ESG focus. This nomination continues Osisko's board renewal, with five new directors added in two years, enhancing the company's governance.
Osisko Gold Royalties Ltd has successfully closed a bought deal public offering of 18,600,000 common shares at a price of US$13.45 each, raising total gross proceeds of US$250,170,000. The offering included an over-allotment option for underwriters to purchase an additional 2,790,000 shares. Proceeds will be used for general corporate purposes, including funding acquisitions and potential repayment of debts. The shares were offered under a short form prospectus and a registration statement in Canada and the U.S.
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