Osisko Reports Record 2024 Results and Provides 2025 Guidance and New 5-Year Outlook

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[{"type":"text","content":"Osisko Reports Record 2024 Results and Provides 2025 Guidance and New 5-Year OutlookRecord annual revenues of US$191.2 million and record operating cash flows of US$159.9 million\n\n\n\n MONTRÉAL, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “\n \n Company\n \n ” or “\n \n Osisko\n \n ”) (OR: TSX & NYSE) is pleased to announce its consolidated financial results for the year 2024.\n \n Amounts presented are in United States Dollars, except where otherwise noted.\n \n\n\n\n 2024 Financial Highlights\n \n\n\n\n 80,740 gold equivalent ounces (“\n \n GEOs\n \n\n 1\n \n ”) earned (94,323 GEOs in 2023);\n \n\n Record revenues from royalties and streams of $191.2 million ($183.2 million in 2023);\n \n\n Record cash flows generated by operating activities of $159.9 million ($138.4 million in 2023);\n \n\n Net earnings of $16.3 million, $0.09 per basic share (net loss of $37.4 million, $0.20 per basic share in 2023);\n \n\n Adjusted earnings\n \n 2\n \n of $97.3 million, $0.52 per basic share ($74.1 million, $0.40 per basic share in 2023)\n \n\n Net repayments of $49.7 million under the revolving credit facility; and\n \n\n Cash balance of $59.1 million and debt outstanding of $93.9 million as at December 31, 2024.\n \n\n\n\n Other Highlights\n \n\n\n\n Total capital committed and/or deployed in 2024 of over $287.7 million across 3 new transactions:\n \n\n Execution of a definitive agreement by Osisko Bermuda Limited (“Osisko Bermuda”) for a 6% gold stream (until 225,000 ounces are delivered, and then 3.6% thereafter) on SolGold plc’s Cascabel copper-gold development project in Ecuador for a total of $225.0 million, payable upon achieving certain milestones;\n \n\n Acquisition of a 1.8% gross revenue royalty (“GRR”) from Tembo Capital Mining Fund II (“Tembo”) on Spartan Resources Limited’s Dalgaranga Gold project (“Dalgaranga”) in Western Australia and a 1.35% GRR on additional regional exploration licenses in proximity to Dalgaranga from Tembo for combined consideration of $50.0 million;\n \n\n Amendment to the Gibraltar silver stream, increasing Osisko’s attributable silver percentage by 12.5% to 100% and extending the step-down delivery threshold to 6.8 million ounces delivered fo...

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