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Osisko Gold Royalties Reports Q1 2025 Results
MONTRÉAL, May 07, 2025 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) today announced its consolidated financial res
About this update from Or Royalties Inc.
[{"type":"text","content":" MONTRÉAL, May 07, 2025 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) today announced its consolidated financial results for the first quarter of 2025. Amounts presented are in United States dollars, except where otherwise noted. Highlights 19,014 gold equivalent ounces (“GEOs”1) earned (22,259 GEOs in Q1 20242); Revenues from royalties and streams of $54.9 million ($45.0 million in Q1 2024); Cash flows generated by operating activities of $46.1 million ($37.4 million in Q1 2024); Quarterly cash margin3 of $53.3 million or 97.1% ($43.7 million or 97.0% in Q1 2024); Net earnings of $25.6 million, $0.14 per basic share ($11.2 million, $0.06 per basic share in Q1 2024); Adjusted earnings3 of $29.5 million, $0.16 per basic share ($22.0 million, $0.12 per basic share in Q1 2024); Net repayment of $19.6 million under the revolving credit facility; Cash balance of $63.1 million and debt of $74.3 million as at March 31, 2025; Acquisition of a 1.5% net smelter return (“NSR”) royalty from Japan Gold Corp. (“Japan Gold”) on Japan Gold’s wholly-controlled properties in Japan for cash consideration of $5.0 million; and Declaration of a quarterly dividend of C$0.065 per common share paid on April 15, 2025 to shareholders of record as of the close of business on March 31, 2025. Subsequent to March 31, 2025 Additional repayments of $30.0 million under the Company’s revolving credit facility; First payment received from Talisker Resources Ltd. under the Bralorne 1.7% NSR royalty; Acquisition of a basket of royalties across various projects in British Columbia from Sable Resources Ltd. (“Sable Resources”) for consideration of C$3.8 million, as well as certain rights in relation to the future acquisition of similar interests from Sable Resources; Publication of the fifth edition of the Company’s sustainability report, Growing Responsibly; and Declaration of a quarterly dividend of US$0.055 per common share, a 20% increase over the previous quarterly dividend, based on the foreign exchange rate (C$/US$) on the declaration date of the first quarter dividend. The dividend will be paid on July 15, 2025 to shareholders of record as of the close of business on June 30, 2025. Management Commentary Jason Attew, President & CE...