OR Royalties Inc Stock Price, News & Analysis

Osisko Gold Royalties Ltd (OR: TSX & NYSE) reported strong preliminary Q2 2021 results, earning approximately 20,178 attributable gold equivalent ounces (GEOs) and generating revenues of C$57.2 million. The cost of sales was C$10.1 million, leading to a record operating cash margin of approximately C$47.1 million, representing about 94%. The company anticipates a robust second half of the year with advancements in its asset portfolio, particularly at the Santana and Eagle mines. A conference call is scheduled for August 10, 2021, to discuss full results.

On May 12, 2021, Osisko Gold Royalties Ltd held its annual shareholder meeting, where all 9 director nominees were elected with significant support. The election results showcased strong backing for nominees such as John R. Baird and Sandeep Singh, receiving over 99% of votes cast in favor. Additionally, PricewaterhouseCoopers was appointed as the independent auditor for the upcoming year. The meeting also approved unallocated rights under the Employee Share Purchase Plan and the Restricted Share Unit Plan, indicating continued shareholder confidence in corporate governance and executive compensation strategies.

Osisko Gold Royalties Ltd has announced a second quarter dividend of C$0.05 per common share, payable on July 15, 2021, to shareholders of record by June 30, 2021. Shareholders in the U.S. will receive a dollar equivalent based on the Bank of Canada’s exchange rate on the record date. The dividend qualifies as an 'eligible dividend' under the Income Tax Act (Canada). Additionally, Osisko offers a dividend reinvestment plan for eligible shareholders, allowing them to reinvest dividends into additional shares.

Osisko Gold Royalties reported a strong first quarter of 2021, with consolidated revenues of $49.0 million, marking a 30% increase from $37.8 million in Q1 2020. The company earned 19,960 GEOs, and generated operating cash flows of $36.7 million from its royalty and stream segment. Net earnings reached $10.6 million, compared to a loss of $13.3 million in the previous year. Significant growth was observed in cash margins, which rose to 94%. Additionally, Osisko made strategic investments, including a $3.5 million partnership with Carbon Streaming Corp., enhancing its ESG commitments.

Osisko Gold Royalties Ltd (OR: TSX & NYSE) has successfully completed its acquisition of four royalties at the Spring Valley Project and one at the Moonlight Project in Nevada, alongside a royalty and precious metal offtake right at the Almaden Project in Idaho. This acquisition follows the announcement made on April 12, 2021, and fulfills all conditions precedent. With a portfolio exceeding 150 royalties and its cornerstone asset being a 5% net smelter return royalty on the Canadian Malartic mine, Osisko is positioned as a key player in the North American precious metals sector.

Osisko Gold Royalties Ltd (OR) reported a strong first quarter for 2021, achieving approximately 19,960 attributable gold equivalent ounces and revenues of C$66.9 million. The company announced the acquisition of additional royalties on the Spring Valley project for US$26 million, increasing its net smelter return royalty from 0.5% to 3.0%. This strategic move positions Osisko to capitalize on a significant North American gold mine opportunity. The cash operating margin during the quarter was approximately C$46.5 million, highlighting the company’s robust performance despite previous planning deferrals.

Osisko Gold Royalties Ltd (TSX & NYSE:OR) filed its Annual Information Form, Consolidated Annual Financial Statements, and Management's Discussion for the year ending December 31, 2020. Additionally, the company submitted its Annual Report on Form 40-F to the U.S. SEC. These documents can be accessed through Canadian and U.S. regulatory sites. Osisko focuses on precious metal royalties, holding a diverse portfolio with over 150 royalties and streams, anchored by a significant 5% net smelter return royalty on the Canadian Malartic mine, Canada’s largest gold mine.

Osisko Gold Royalties Ltd announced a first quarter 2021 dividend of C$0.05 per common share. The dividend will be paid on April 15, 2021, to shareholders of record by March 31, 2021. For U.S. shareholders, the USD equivalent will depend on the Bank of Canada's rate on the record date. The company also reminded shareholders about its dividend reinvestment plan, allowing participation in connection with this dividend. It aims to enhance returns and offers more flexibility for shareholders. More details are available on its website.