Welcome to our dedicated page for OR Royalties news (Ticker: OR), a resource for investors and traders seeking the latest updates and insights on OR Royalties stock.
OR Royalties Inc. reports developments for a precious metals royalty and streaming company with common shares traded on the TSX and NYSE under OR. The company holds royalties, streams and similar interests concentrated in Tier-1 mining jurisdictions—Canada, the United States and Australia—and its portfolio is anchored by a 3-5% net smelter return royalty on Agnico Eagle Mines Limited’s Canadian Malartic Complex.
Recurring updates cover quarterly operating and financial results, gold-equivalent ounces, royalty and stream revenue, cash flow, dividends, share repurchases and portfolio activity. Company news also includes asset-level updates for mining interests such as Island Gold, Dalgaranga and Glenburgh, annual meeting voting results, board and auditor matters, shareholder rights plan actions and sustainability reporting.
Osisko Gold Royalties Ltd (OR) has received approval from the Toronto Stock Exchange for a normal course issuer bid (NCIB Program) allowing it to acquire up to 18,293,240 common shares over the period from December 12, 2022, to December 11, 2023. This repurchase program, representing about 10% of the public float, aims to enhance shareholder value by reducing the number of shares outstanding. The maximum daily purchase limit is set at 81,963 shares. Previously, under the earlier NCIB Program, Osisko purchased 1,694,658 shares at an average price of $13.0619.
Osisko Gold Royalties Ltd (OR) announced a fourth quarter 2022 dividend of C$0.055 per common share, payable on January 16, 2023. Shareholders of record by December 30, 2022, will receive this dividend, which qualifies as an "eligible dividend" under the Income Tax Act (Canada). U.S. dollar equivalents will be set based on the Bank of Canada's rate on the record date. Additionally, the company has a dividend reinvestment plan available for shareholders in Canada and the U.S., providing an opportunity to reinvest dividends into common shares.
Osisko Gold Royalties Ltd (OR) reported strong Q3 2022 financial results, with revenues of $53.7 million, up from $50.0 million in Q3 2021. The company achieved a record cash margin of $49.3 million (92%) and operating cash flows of $51.1 million, compared to $44.1 million in the previous year. Net earnings rose to $28.0 million, or $0.15 per share. The strategic deconsolidation of Osisko Development Corp. was completed, shifting its results to discontinued operations. Osisko maintains a robust cash position of $300.5 million and continues to explore new royalty opportunities, including a $50 million financing agreement with SolGold for its Cascabel project.
Osisko Gold Royalties Ltd (OR) has entered a $50 million royalty financing agreement with SolGold plc to advance the Cascabel copper-gold property in Ecuador. The deal includes a 0.6% net smelter return royalty covering 4,979 hectares, including the Alpala project. Based on a pre-feasibility study, the NSR is expected to generate approximately 4,700 gold-equivalent ounces annually over 26 years. SolGold has options for buydown rights, while Osisko commits to funding ESG initiatives for three years. The transaction awaits customary conditions for closing.
Osisko Gold Royalties Ltd (OR) reported record preliminary Q3 2022 deliveries, generating approximately 23,850 gold equivalent ounces and C$53.7 million in revenue. The cash margin reached a record high of C$49.3 million, reflecting a 92% margin. The company also repurchased 1.3 million shares for C$16.5 million. Despite challenges, including a drop in gold prices and production delays, Osisko remains optimistic about meeting year-end guidance. The appointment of Rob Krcmarov to the Board adds significant mining expertise, potentially benefiting future growth.
Osisko Gold Royalties Ltd (OR: TSX & NYSE) has acquired a 1.0% net smelter return (NSR) royalty on the Marimaca copper project in Chile for $15.5 million. The project covers approximately 1,310 hectares and includes existing resources and exploration targets. Osisko gained additional rights such as a right of first refusal on future royalties related to Marimaca. The Marimaca project is regarded as a promising undeveloped copper project with a preliminary economic assessment indicating significant annual copper production potential over 12 years.
Osisko Gold Royalties Ltd (OR: TSX & NYSE) announced a C$0.055 dividend per share for Q3 2022, payable on October 14, 2022, to shareholders of record as of September 30, 2022. This dividend is classified as an 'eligible dividend' under the Income Tax Act (Canada). Shareholders in the U.S. will receive the U.S. dollar equivalent based on the Bank of Canada's daily rate on the record date. The company also reminded shareholders of its dividend reinvestment plan (DRIP), available to those in Canada and the U.S.
Osisko Gold Royalties Ltd (OR) reported strong Q2 2022 results, showcasing a record cash margin of $47.8 million from royalties and streams. The company earned 22,243 GEOs, up from 20,178 GEOs in Q2 2021. Consolidated revenues increased to $64.0 million compared to $57.9 million in the same quarter last year. However, net earnings were $17.2 million, a turnaround from the $14.8 million loss in Q2 2021. Operating cash flows from the royalties segment were $35.0 million, reflecting robust cash generation despite operating challenges in other areas.
Osisko Gold Royalties has announced record preliminary results for Q2 2022, earning approximately 22,240 gold equivalent ounces (GEOs) and generating C$51.5 million in revenues, a significant increase since its inception in 2014. The company reported a cash margin of approximately C$47.8 million, representing 93% of revenues. Plans for the second half of the year suggest further increases in GEO deliveries as ramp-ups at key projects progress. Notable updates include partnerships and ongoing expansions at various mines, particularly in Canada and New South Wales.
Osisko Gold Royalties Ltd (OR) announced a binding agreement between its subsidiary Osisko Bermuda Limited and Tintic Consolidated Metals LLC to establish a metals stream on the Trixie Mine in Utah. The agreement includes a US$20 million upfront payment to fund the mine's development and entitles Osisko to purchase 2.5% of metals produced until 27,150 ounces of gold are delivered, thereafter 2.0%. The transaction is set to close by July 31, 2022, with Osisko's ownership in Osisko Development Corp increasing to 45%.