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) announced a fourth quarter 2020 dividend of C$0.05 per common share. The payment will be made on January 15, 2021, to shareholders of record as of December 31, 2020. For U.S. shareholders, the equivalent amount will be determined based on the Bank of Canada's rate on that date. Additionally, Osisko has implemented a dividend reinvestment plan for its shareholders in Canada and the U.S. This dividend is classified as an 'eligible dividend' per the Income Tax Act (Canada).
Osisko Gold Royalties Ltd reported strong Q3 2020 results, achieving record revenues of $41.2 million, up from $33.9 million in Q3 2019. Operating cash flows reached $36.1 million, while net earnings were $12.5 million or $0.08 per share, contrasting with a loss in the previous year. The company announced a spin-out of assets into Osisko Development and acquired the San Antonio gold project for US$42 million. With $160.7 million in cash and a strong outlook on gold deliveries, Osisko is well-positioned for continued growth.
Osisko Gold Royalties and Barolo Ventures announce the closing of a private placement of 13,350,000 subscription receipts at CDN $7.50 each, raising CDN $100 million. This financing is part of Barolo's 'Reverse Take-Over' (RTO). Each receipt converts to one share post-RTO, along with a warrant for further share purchase at CDN $10.00. The proceeds will be held in escrow until RTO conditions are met by January 31, 2021. Notably, insiders participated, leading to related party transaction considerations under TSX rules.
Osisko Gold Royalties and Barolo Ventures Corp. announced updates on their reverse takeover (RTO) transaction, previously disclosed on October 5, 2020. A definitive amalgamation agreement was executed on October 23, 2020, leading to a three-cornered amalgamation. Following the RTO, Barolo will be renamed Osisko Development Corp., with a share consolidation of 1:60. Concurrently, Osisko will raise CDN $100 million through the sale of 13.35 million subscription receipts at CDN $7.50 each, aimed at funding the Cariboo and San Antonio Gold Projects. Approval from the TSX Venture Exchange is pending.
Osisko Gold Royalties Ltd has announced its Q3 2020 results, reporting 16,700 attributable gold equivalent ounces and preliminary revenues of C$55.7 million. Cost of sales, excluding depletion, was C$15.2 million, resulting in a cash operating margin of approximately C$40.5 million. The cash operating margin on royalties and streams reached a record of 96.4%. The company anticipates improved GEO deliveries in Q4 2020. A conference call is scheduled for November 10, 2020 to discuss these results.
On October 13, 2020, Osisko Gold Royalties Ltd (OR: TSX & NYSE) announced a life-of-project agreement with the Lhtako Dene Nation and Barkerville Gold Mines Ltd to advance the Cariboo Gold Project. This agreement aims to foster collaboration and provide training, employment, and financial opportunities for LDN people. The project is progressing through permitting, targeting a feasibility study completion in late 2021 and full permits by 2022, with significant existing infrastructure in place.
Osisko Gold Royalties (TSX & NYSE: OR) announces positive drilling results from its Cariboo Gold Project in British Columbia. The ongoing 40,000-meter drilling campaign has reinforced the potential of Cariboo, with significant high-grade intercepts reported, including 6,530 g/t Au over 0.50 meters. Newly discovered Lowhee Zone and multiple high-grade vein corridors have expanded the mineralized system to 15 kilometers. Osisko's chair, Sean Roosen, emphasizes the project's importance as a mining camp, positioning Cariboo as a flagship asset.
Osisko Gold Royalties announces the formation of Osisko Development Corp. through a binding letter agreement with Barolo Ventures, which includes a CDN $100 million bought deal equity offering. The deal involves transferring significant assets, including the Cariboo Gold Project and other properties, to Barolo, resulting in a reverse takeover. Osisko Royalties retains key royalty interests and an 88% ownership stake in Osisko Development. The Cariboo Gold Project has an estimated resource of 3.2 million ounces of gold, with production targets exceeding 100,000 ounces per year.
Osisko Gold Royalties Ltd has signed a definitive agreement to acquire a 15% stake in a Canadian precious metals royalty portfolio from Caisse de dépôt et placement du Québec for C$12.5 million. This acquisition increases Osisko's ownership of key royalties, including those from Alamos Gold’s Island Gold and Eldorado Gold’s Lamaque mines. In 2019, these royalties contributed approximately 3,000 gold equivalent ounces to Osisko’s production. The deal enhances cash flow and secures Osisko’s position in the Canadian mining sector.