Impressive Fourth Quarter Results for Osisko Gold Royalties
Osisko Gold Royalties Ltd (OR: TSX & NYSE) has announced its preliminary results for the fourth quarter of 2024, showcasing a robust performance in its GEO deliveries and cash margins. The company is proud to report achieving approximately 20,005 attributable gold equivalent ounces (GEOs) in the last quarter, bringing its total for the year to an impressive 80,740 GEOs. This total closely aligns with the company’s guidance range of 77,000 to 83,000 GEOs, despite a 14% decrease from the previous year due to operational interruptions at key mines.
Revenue and Cash Margin Highlights
During Q4 2024, Osisko generated revenues from royalties and streams that soared to $79.3 million (approximately US$56.7 million). Additionally, the cost of sales recorded was only $3.1 million (about US$2.2 million), yielding a notable quarterly cash margin of around $76.3 million (US$54.6 million). This reflects a staggering cash margin percentage of 96.2%, underscoring the company’s efficiency in revenue generation.
Looking back at the entire year, preliminary figures indicate that total revenues from royalties and streams reached a new record of $262.2 million (US$191.2 million), with an estimated cost of sales of $9.3 million (US$6.7 million). This culminated in an annual cash margin of approximately $252.9 million (US$184.4 million), translating to a remarkable cash margin ratio of 96.5%.
Strengthening Financial Position
As of December 31, 2024, Osisko reported a cash position of approximately $85.0 million (US$59.1 million). This positive financial status was bolstered by the successful completion of the Dalgaranga royalty acquisitions and the Gibraltar silver stream amendment during the fourth quarter. Additionally, the company’s revolving credit facility had been utilized to the extent of $135.1 million (US$93.9 million), leaving a substantial $414.9 million (US$288.3 million) available for further investment opportunities.
Upcoming Events and Call Information
Stakeholders are invited to join Osisko for a comprehensive review of Q4 and annual results. Details of the conference call announcing these results are as follows:
Results Release
A release announcing the fourth quarter and year-end results will be made on February 19, 2025, after market close.
Conference Call Schedule
The related conference call will occur on February 20, 2025, at 10:00 AM ET. Interested parties can access the call by dialing:
- North American Toll-Free: 1 (800) 717-1738
- Local – Montreal: 1 (514) 400-3792
- Local – Toronto: 1 (289) 514-5100
- Local – New York: 1 (646) 307-1865
About Osisko Gold Royalties Ltd
Founded in June 2014, Osisko Gold Royalties Ltd is an esteemed intermediate precious metal royalty company with a focus on the Americas. The firm manages a diverse North American portfolio that encompasses over 185 royalties, streams, and precious metal offtakes. Central to its operations is the cornerstone asset—a net smelter return royalty of 3-5% on the Canadian Malartic Complex, recognized as one of Canada’s prime gold mines.
Osisko’s corporate office is headquartered at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2.
Frequently Asked Questions
What were Osisko Gold Royalties' GEO deliveries in Q4 2024?
Osisko delivered 20,005 attributable gold equivalent ounces in Q4 2024, totaling 80,740 GEOs for the year.
How much revenue did Osisko generate in Q4 2024?
Osisko reported revenues of $79.3 million (US$56.7 million) in the fourth quarter of 2024.
What is the significance of Osisko's cash margin?
The cash margin is crucial for evaluating the company's ability to generate positive cash flow from its operations, and in Q4 2024, it reached a remarkable 96.2%.
When will Osisko announce its annual results?
Osisko will release its annual results on February 19, 2025, after market close.
Where is Osisko Gold Royalties' headquarters located?
Osisko’s corporate office is located in Montréal, Québec, at 1100 Avenue des Canadiens-de-Montréal, Suite 300, H3B 2S2.
