Osisko Gold Royalties Reports Strong Q3 2024 Performance Metrics

Osisko Gold Royalties Updates on Q3 2024 Results

Osisko Gold Royalties Ltd, trading on TSX and NYSE under the ticker OR, has recently shared its preliminary results for the third quarter of 2024. The company has provided valuable insights into its gold equivalent ounce (GEO) deliveries, financial standings, and cash margins, offering an optimistic view for stakeholders.

Strong GEO Deliveries and Financial Performance

In the preliminary results released, Osisko reported generating 18,408 attributable GEOs in Q3 2024. This achievement underscores the company’s operational efficiency and solid positioning within the precious metals sector.

Osisko's revenues from royalties and streams during the same quarter amounted to an impressive $57.3 million. When evaluated against the costs of sales, which were reported at $2.2 million (excluding depletion), the calculated cash margin reached approximately $55.1 million, representing a remarkable cash margin percentage of 96.3%. This strong margin showcases Osisko's ability to convert revenue into substantial profits, enhancing its appeal to current and potential investors.

Cash and Debt Status Enhancement

As of the end of September 2024, Osisko's cash holdings were reported at $58.5 million. The company strategically managed its debt, with a revolving credit facility of $80.7 million drawn down and copious additional funds available for future operations. The available total, including the uncommitted accordion, stands at $469.3 million plus up to $200 million, providing robust flexibility for future investments or operational demands.

Remarkably, Osisko reduced its net debt to $22.2 million during Q3, following debt repayments totaling $27.3 million. This reduction not only strengthens the company's balance sheet but also instills confidence in its long-term financial sustainability.

Upcoming Conference Call Information

To further discuss these results, Osisko has scheduled a conference call and webcast for its Q3 2024 results. Participants can look forward to deeper insights on the company's operational metrics and future outlook.

Results Release:
Scheduled for Wednesday, just after the market close.

Conference Call:
Set for Wednesday at 5:00 pm ET.

Dial-in options include North American toll-free and local numbers, making it convenient for stakeholders to engage with the company directly.

About Osisko Gold Royalties

Founded in June 2014, Osisko Gold Royalties Ltd has established itself as an esteemed intermediate precious metal royalty firm. The company capitalizes on a robust portfolio of over 185 royalties, streams, and precious metal offtakes across North America. Its flagship asset is its cornerstone 3-5% net smelter return royalty at the Canadian Malartic Complex, recognized amongst the largest gold mines in the country. This strategic positioning enables Osisko to maintain a favorable stance in the competitive market, benefiting from diverse revenue sources.

The company’s headquarters is located in the vibrant community of Montreal, Quebec, a strategic hub for its operations and outreach.

Frequently Asked Questions

What are the primary financial results reported by Osisko for Q3 2024?

Osisko reported 18,408 attributable gold equivalent ounces and $57.3 million in revenues, with a cash margin of approximately $55.1 million.

How has Osisko managed its debt in recent quarters?

The company has successfully reduced its net debt to $22.2 million through repayments, showcasing proactive fiscal management.

When will Osisko hold its conference call regarding Q3 results?

The conference call is scheduled for Wednesday at 5:00 pm ET, providing a platform for detailed discussions on results.

What is Osisko's primary asset in its portfolio?

The cornerstone asset of Osisko is its royalty on the Canadian Malartic Complex, one of the largest gold mines in Canada, contributing significantly to its financial health.

Who can be contacted for further information regarding Osisko?

Interested parties can reach out to Grant Moenting, Vice President of Capital Markets, or Heather Taylor, Vice President of Sustainability and Communications, at the provided contact numbers.

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