Osisko Gold Royalties Posts Strong Q1 2025 Financial Results
Overview of Financial Results
Osisko Gold Royalties Ltd today shared its consolidated financial results for the first quarter of 2025. All monetary figures are presented in U.S. dollars unless noted otherwise.
Q1 2025 Highlights
During the first quarter, Osisko achieved significant financial milestones:
- 19,014 gold equivalent ounces (“GEOs”) earned, compared to 22,259 GEOs in the same quarter of the previous year.
- Royalty and stream revenues soared to $54.9 million, a substantial increase from $45.0 million in Q1 2024.
- Operating cash flows reached $46.1 million, higher than the $37.4 million reported in the comparable quarter last year.
- The quarterly cash margin was a notable $53.3 million, representing 97.1% of revenues.
- Net earnings amounted to $25.6 million, or $0.14 per basic share, with adjusted earnings hitting $29.5 million, up from $22.0 million in Q1 2024.
- The company made a net repayment of $19.6 million under its revolving credit facility.
- Osisko's liquidity position is robust with a cash balance of $63.1 million and outstanding debt of $74.3 million.
- A significant acquisition was completed for a 1.5% net smelter return royalty from Japan Gold Corp., totaling approximately $5.0 million.
- Additionally, a quarterly dividend of C$0.065 per share was declared, reflecting the company’s commitment to return value to shareholders.
Recent Developments
Following March 31, 2025, several key transactions and developments occurred:
- Osisko made further repayments of $30.0 million under its credit facility.
- The company received its first payment from Talisker Resources Ltd. concerning the Bralorne 1.7% NSR royalty.
- Osisko acquired a diverse portfolio of royalties across several British Columbia projects for C$3.8 million.
- The fifth edition of the sustainability report titled Growing Responsibly was published.
- The company declared a quarterly dividend of US$0.055 per common share, signifying a 20% increase from previous dividends.
Leadership Insights
Jason Attew, President and CEO, highlighted the positive performance in Q1, emphasizing that it lays a strong foundation for achieving the company's 2025 guidance of 80,000 to 88,000 GEOs. He expressed confidence in an upward trend of GEO deliveries throughout the year.
Looking forward, he pointed out various catalysts on the horizon, including project financing developments related to the Cariboo gold project and other significant venture updates expected in the months to come.
Board Remarks
Osisko's Board Chair, Norman MacDonald, acknowledged the upcoming Annual and Special Meeting of shareholders, noting the end of Joanne Ferstman’s long service on the Board. He commended her leadership and contributions over the years.
Q1 2025 Conference Call
The conference call to discuss Q1 2025 results will take place on May 8, 2025, at 10:00 AM ET. Stakeholders are encouraged to participate.
About Osisko Gold Royalties Ltd
Osisko operates as an intermediate precious metal royalty company, maintaining a diversified portfolio focused on North America with over 195 royalties, streams, and off-takes, including 21 producing assets. Its cornerstone asset is a significant net smelter return royalty on the Canadian Malartic Complex, home to one of Canada’s largest gold mines.
The main office of Osisko Gold Royalties Ltd is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2.
Frequently Asked Questions
1. How did Osisko perform in Q1 2025?
Osisko reported significant increases in revenue and net earnings, along with a strong cash margin.
2. What acquisitions did Osisko make recently?
Osisko acquired a 1.5% NSR royalty from Japan Gold Corp. and a diverse basket of royalties from Sable Resources Ltd.
3. What is the significance of the quarterly dividend declared?
The company announced a quarterly dividend of US$0.055 per share, marking a 20% increase from previous dividends, showcasing strong financial health.
4. What guidance does Osisko have for 2025?
Osisko aims to achieve guidance of 80,000 to 88,000 GEOs earned over the year.
5. Where is Osisko Gold Royalties Ltd headquartered?
Osisko's headquarters is located in Montréal, Québec.
About The Author
Contact Dominic Sanders privately here. Or send an email with ATTN: Dominic Sanders as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.