Osisko Gold Royalties Ltd Achieves Record 2024 Performance

Osisko Gold Royalties Ltd Reports Outstanding 2024 Results

Osisko Gold Royalties Ltd (NASDAQ: OR) has made remarkable strides in the mining sector, showcasing a substantial improvement in its financials and strategic positioning as it gears up for a promising year ahead. The company is thrilled to announce its impressive consolidated financial results for 2024, which highlight a strong rebound and a sound operational strategy.

2024 Financial Highlights

Osisko Gold Royalties has recorded an impressive 80,740 gold equivalent ounces (GEOs), down slightly from 94,323 GEOs in 2023. Despite this, the company achieved record revenues from its royalties and streams amounting to $191.2 million, surpassing the previous year's figures of $183.2 million. This increase in revenue is a testament to the effective management of its resources and strategic partnerships across various mining projects.

The company also reported a record cash flow generated by operating activities of $159.9 million for 2024, compared to $138.4 million in 2023, indicating a solid operational efficiency. Net earnings surged to $16.3 million, translating to $0.09 per basic share, a significant recovery from the net loss of $37.4 million or $0.20 per basic share for the previous year. Moreover, adjusted earnings rose to $97.3 million, representing $0.52 per basic share, compared to $74.1 million and $0.40 per share in 2023.

Strategic Transactions and Capital Commitments

For 2024, Osisko committed over $287.7 million across three key transactions, reinforcing its growth strategy. Highlights include:

• Osisko Bermuda Limited executed a definitive agreement for a 6% gold stream on SolGold plc's Cascabel project, which is expected to deliver considerable returns upon milestone achievements.
• The acquisition of a 1.8% gross revenue royalty from Tembo Capital Mining Fund II on Spartan Resources Limited's Dalgaranga Gold project.
• An amendment to the Gibraltar silver stream increased Osisko's attributable silver percentage by 12.5% to 100%.

Additionally, Osisko received its first copper delivery from MAC Copper Limited under its CSA copper stream, alongside payments from various other partners, thereby diversifying its revenue streams.

Looking Ahead: Guidance for 2025

Osisko's outlook for 2025 anticipates GEOs earned in the range of 80,000 to 88,000 with an average cash margin of around 97%. This guidance operates based on definitive operational forecasts and is contingent on several significant projects, including Capstone Copper Corp.'s Mantos Blancos mine continuing at projected throughput.

Five-Year Outlook and Future Growth Prospects

Over the next five years, Osisko expects its portfolio to generate between 110,000 and 125,000 GEOs by 2029, driven by many ongoing developments, including Gold Fields Limited's Windfall project and anticipated expansions from several key assets. This outlook reflects a long-term strategy that prioritizes sustainable growth and shareholder value, ensuring that Osisko remains a key player in the precious metals royalty space.

Management Insights on 2024 Achievements

Jason Attew, President & CEO of Osisko, expressed enthusiasm about the company’s solid financial performance in 2024, emphasizing the importance of strategic decisions taken to bolster the company's position for future growth. He noted the impressive revenue and cash flow figures as indicators of Osisko’s ability to leverage market conditions effectively.

Conference Call & Additional Information

Osisko will hold a conference call on February 20th, 2025, to discuss its fourth-quarter and year-end results. For anyone interested in learning more, further details can be found on the company's official website.

Frequently Asked Questions

What were Osisko's total revenues for 2024?

Osisko recorded total revenues of $191.2 million for the year 2024.

How many gold equivalent ounces did Osisko earn in 2024?

The company earned 80,740 gold equivalent ounces (GEOs) in 2024.

What is Osisko's cash flow generated by operating activities for 2024?

Osisko generated a record cash flow of $159.9 million from operating activities in 2024.

What is the projected GEO range for Osisko in 2025?

Osisko estimates its GEO earnings to be between 80,000 and 88,000 in 2025.

Who is the CEO of Osisko Gold Royalties Ltd?

Jason Attew is the President & CEO of Osisko Gold Royalties Ltd.

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