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: 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%.
On May 12, 2022, Osisko Gold Royalties Ltd (OR) held its annual shareholder meeting, where all nine nominees were elected as directors. Honourable John R. Baird received 97.29% approval, while Charles E. Page secured 99.60%. PricewaterhouseCoopers was appointed as the independent auditor with 99.12% support. Additionally, shareholders approved the amended Deferred Share Unit Plan with 98.36% votes in favor. The advisory resolution on executive compensation also garnered 95.39% approval, underscoring strong shareholder confidence.
Osisko Gold Royalties Ltd has declared a second quarter 2022 dividend of C$0.055 per common share. This dividend will be paid on July 15, 2022 to shareholders of record as of the close on June 30, 2022. Eligible U.S. shareholders will receive the U.S. equivalent based on the Bank of Canada's rate on the record date. Additionally, a dividend reinvestment plan is available for shareholders in Canada and the U.S., allowing them to reinvest dividends into additional shares.
Osisko Gold Royalties Ltd (OR) reported Q1 2022 financial results, showing a decrease in consolidated revenues to $59.4 million from $66.9 million in Q1 2021. The company earned 18,251 GEOs compared to 19,960 GEOs a year earlier. Operating cash flows from royalties and streams stood at $40.5 million, up from $36.7 million in Q1 2021. Despite a strong cash margin of 94%, net earnings attributable to shareholders fell to $0.3 million, or $0.00 per share, from $10.6 million, or $0.06 per share, in the previous year. A quarterly dividend of $0.055 per share was declared.
Summary not available.
Osisko Gold Royalties Ltd (OR: TSX & NYSE) reports significant preliminary Q1 2022 results, earning approximately 18,251 attributable gold equivalent ounces and preliminary revenues of C$50.7 million. The record cash margin reached C$47.5 million, or 94%, boosted by strong gold prices. Seasonal impacts on production are expected to fade as operations ramp up. Key developments include a silver stream agreement related to the CSA mine and continued drilling at the Canadian Malartic mine, indicating growth potential. Full financial details to be disclosed on May 11, 2022.