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 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.
Osisko Gold Royalties Ltd has filed its Annual Information Form, Consolidated Annual Financial Statements, and Management's Discussion and Analysis for the year ending December 31, 2021. The corporation has also submitted its Annual Report on Form 40-F with the U.S. Securities and Exchange Commission. Shareholders can request hard copies of the financial statements at no charge. Osisko focuses on precious metal royalties in the Americas and has a diverse portfolio of over 160 royalties, anchored by a 5% royalty on the Canadian Malartic mine, Canada’s largest gold mine.
Osisko Gold Royalties Ltd (OR) announced a $90 million silver stream agreement through its subsidiary, Osisko Bermuda Limited, with Metals Acquisition Corp to facilitate the acquisition of the CSA mine in Australia. This deal secures 100% of payable silver production for the mine's life, generating an average of ~431koz annually. Furthermore, Osisko can access an additional $100 million through a copper stream option. The transaction enhances cash flow and offers strategic exposure to a high-grade copper asset, with anticipated closing in H2 2022, pending regulatory approvals.
Osisko Gold Royalties Ltd (OR: TSX & NYSE) announces a first quarter 2022 dividend of C$0.055 per common share, payable on April 14, 2022 to shareholders of record as of March 31, 2022. This dividend qualifies as an 'eligible dividend' under the Income Tax Act (Canada). For U.S. shareholders, the dollar equivalent will follow the Bank of Canada's rate on March 31, 2022. The company also has a dividend reinvestment plan, allowing shareholders to reinvest dividends. More information can be found on the company's website.
Osisko Gold Royalties Ltd (OR) reported strong financial results for 2021, achieving record revenues of $199.6 million from royalties and streams and a cash margin of 93%. The company earned 80,000 GEOs in line with guidance, while consolidated net loss attributable to shareholders was $23.6 million. For 2022, guidance includes a projected 90,000 to 95,000 GEOs and a 10% increase in quarterly dividends, reaching an annualized $0.22 per share. A 5-year growth outlook forecasts 130,000 to 140,000 GEOs by 2026, reflecting significant potential growth.
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