Osisko Gold Royalties Ltd.'s Outstanding Q4 Performance
Osisko Gold Royalties Ltd. has recently reported remarkable preliminary results for the fourth quarter of 2024, showcasing a strong commitment to delivering value through its financial strategies and operations. The company achieved significant milestones during this period, reflecting its resilience and dedication to providing high returns on gold equivalent ounces (GEOs).
Impressive GEO Deliveries
In the fourth quarter, Osisko earned a total of 20,005 attributable GEOs, bringing the annual total for 2024 to 80,740 GEOs. This figure aligns well with the company's revised delivery guidance range of 77,000 to 83,000 GEOs, marking a commendable achievement amid operational challenges.
Year-Over-Year Comparison
Despite a 14% decrease in GEOs earned compared to the previous year, largely due to operational stoppages at key mines, the overall performance remains strong. The decline was primarily influenced by the Renard diamond mine's shutdown in late 2023 and the halt of operations at the Eagle mine from June 24, 2024, due to slope failures at its heap leach pad facility.
Record Revenues and Cash Margins
Osisko reported record preliminary revenues from royalties and streams during Q4, amounting to $79.3 million (approximately US$56.7 million). With an estimated cost of sales of $3.1 million (US$2.2 million), the company achieved a remarkable quarterly cash margin of about $76.3 million (US$54.6 million), or 96.2%. This sets a new benchmark for the company, emphasizing the effectiveness of its revenue-generating strategies.
Annual Financial Highlights
For the full year, Osisko's revenues reached an impressive $262.2 million (US$191.2 million), with a total estimated cost of sales of $9.3 million (US$6.7 million). This resulted in an annual cash margin of $252.9 million (US$184.4 million), representing a cash margin rate of 96.5%—another record for the company. This outstanding performance underscores Osisko's ability to thrive in changing market conditions while maximizing returns.
Strong Financial Position
As of December 31, 2024, Osisko's cash position stood at approximately $85.0 million (US$59.1 million), bolstered by the successful closing of the Dalgaranga royalty acquisitions and amendments to the Gibraltar silver stream. The company's revolving credit facility was drawn down by $135.1 million (US$93.9 million), leaving an impressive $414.9 million (US$288.3 million) available for future needs, along with an uncommitted accordion of up to C$200 million.
Upcoming Presentation of Results
Osisko has announced details regarding its fourth quarter and annual results presentation, scheduled for February 19, 2025, after market close, with a conference call to follow on February 20, 2025, at 10:00 am ET. This event presents an opportunity for investors and analysts to engage with the company's leadership and gain deeper insights into its ongoing operations and strategic direction.
About Osisko Gold Royalties Ltd.
Established in June 2014, Osisko Gold Royalties Ltd. is an intermediate precious metal royalty company focused primarily on the Americas. The firm boasts an extensive portfolio of over 185 royalties, streams, and precious metal offtakes, with a cornerstone asset positioned at the Canadian Malartic Complex—one of Canada’s largest gold mines. Through strategic management and strong operational oversight, Osisko continues to enhance its prominence in the mining sector.
Contact Information
For further inquiries, please contact Osisko Gold Royalties Ltd.:
Grant Moenting
Vice President, Capital Markets
Tel: (514) 940-0670 x116
Cell: (365) 275-1954
Email: gmoenting@osiskogr.com
Heather Taylor
Vice President, Sustainability and Communications
Tel: (514) 940-0670 x105
Email: htaylor@osiskogr.com
Frequently Asked Questions
What is Osisko Gold Royalties Ltd. known for?
Osisko Gold Royalties Ltd. focuses on providing royalty and streaming services in the precious metal sector, particularly in North America.
How many GEOs did Osisko earn in Q4 2024?
In Q4 2024, Osisko earned 20,005 attributable gold equivalent ounces (GEOs).
What was Osisko's cash margin in Q4 2024?
Osisko achieved a quarterly cash margin of approximately $76.3 million, representing a margin rate of 96.2%.
When will Osisko announce its Q4 2024 results?
Osisko's Q4 2024 results will be announced on February 19, 2025, after market close.
What is the key asset of Osisko Gold Royalties Ltd.?
The cornerstone asset is a 3-5% net smelter return royalty on the Canadian Malartic Complex, one of Canada’s largest gold mines.
