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) announced a non-binding term sheet for a US$20-40 million metals stream to support Osisko Development Corp’s acquisition of the Trixie Mine and 17,000 acres in Utah's Tintic Mining District. The Trixie Mine is a high-grade gold source, historically producing 14,709 ounces at an average grade of 59 g/t. Osisko Development plans to expand production capacity from 20,000 to 100,000 ounces per annum by 2024. This investment is expected to enhance Osisko’s portfolio and leverage significant exploration potential in a prolific mining area.
Osisko Gold Royalties Ltd (OR) reported its preliminary Q4 2021 results, achieving approximately 19,830 attributable gold equivalent ounces (GEOs), totaling around 80,000 GEOs for the year, aligning with its guidance. The company recorded revenues of C$50.7 million and a cash margin of C$47.0 million, marking a quarterly record with a margin of 93%. Key asset advancements were noted, particularly at the Malartic property, with exploration successes expected to enhance production potential. Osisko's strategic focus remains on disciplined capital allocation and shareholder returns, including increased dividends and share buybacks.
Osisko Gold Royalties Ltd (OR:TSX & NYSE) has received approval from the Toronto Stock Exchange for a normal course issuer bid (NCIB Program) allowing repurchase of up to 16,530,688 common shares. The program is set to commence on December 12, 2021, and will run until December 11, 2022, with daily purchases capped at 87,264 shares. Osisko believes the market price does not reflect its underlying value, and the repurchase will benefit remaining shareholders. As of November 30, 2021, the company had 166,458,343 common shares outstanding.
Osisko Gold Royalties Ltd (OR: TSX & NYSE) has announced an agreement to acquire royalties from Talisker Resources Ltd for a total of CAD $7.5 million. The deal includes an additional 0.5% net smelter return (NSR) royalty on the Bralorne property, increasing Osisko’s total NSR interest to 1.7%. Additionally, Osisko will gain a 1.5% NSR on the newly acquired Ladner property and a future 1% NSR on the Golden Hornet property, contingent on Talisker's acquisition. The Bralorne site has historically produced over four million ounces of gold, while Ladner has an inferred resource of 691,540 ounces.
Osisko Gold Royalties Ltd (OR: TSX & NYSE) announced a fourth quarter 2021 dividend of C$0.055 per common share, scheduled for payment on January 14, 2022. Shareholders must be on record by December 31, 2021 to receive this eligible dividend. For U.S. shareholders, the dollar equivalent will be based on the Bank of Canada’s exchange rate on the record date. The company also offers a dividend reinvestment plan for eligible shareholders.
Osisko Gold Royalties reported Q3 2021 financial results, earning record revenues of $50.0 million, up from $41.2 million in Q3 2020. Operating cash flows from royalties and streams reached a record $44.1 million, while cash margin maintained at 93%, 97% excluding diamond streams. However, net earnings attributable to shareholders declined to $1.8 million or $0.01 per share, impacted by a $33.3 million impairment from Osisko Development. The company also declared a quarterly dividend of $0.055 per share, demonstrating ongoing commitment to shareholder returns.
Osisko Gold Royalties Ltd (OR) announces the acquisition of royalties from Barrick Gold Corporation for a total cash consideration of US$11,750,000. The transaction includes a 2% NSR royalty on the West Kenya project, a 1% NSR royalty on the Frontier project, and a 1% NSR royalty on the Central Houndé project. The West Kenya project, operated by Shanta Gold, shows significant potential with high-grade resources and a planned mine life of 9 years, producing around 105,000 ounces of gold annually. This acquisition enhances Osisko's portfolio, emphasizing growth-oriented investments.
Osisko Gold Royalties reported a strong performance in Q3 2021, earning approximately 20,032 gold equivalent ounces and generating C$50 million in revenues, with an impressive operating cash margin of C$46.5 million, reflecting a 93% margin. The company increased its dividend by 10% and repurchased over 1.7 million shares. Key exploration updates from partners indicate promising findings that support growth at multiple projects, including Canadian Malartic and Victoria Gold’s Eagle project. Osisko will release full results on November 9, 2021.
Osisko Gold Royalties Ltd (OR) has updated its normal course issuer bid (NCIB) program, repurchasing 1,267,666 common shares for C$18.5 million from January to August 2021, including 920,266 shares for C$14.1 million in August alone. The company aims to buy back up to 14,610,718 shares by December 11, 2021, believing their stock is undervalued. So far in 2021, Osisko has returned over $35 million to shareholders through repurchases and dividends, reaffirming its commitment to capital returns.
Osisko Gold Royalties Ltd (OR: TSX & NYSE) has announced a third quarter 2021 dividend of C$0.055 per common share, a 10% increase from the previous quarter, totaling an annualized dividend of C$0.22. This dividend will be paid on October 15, 2021, to shareholders on record as of September 30, 2021. President and CEO Sandeep Singh emphasized the company's financial strength and commitment to returning value to shareholders. Additionally, a dividend reinvestment plan is available for shareholders in Canada and the U.S.
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