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.
Osisko Gold Royalties Ltd (OR) provides investors with transparent access to its evolving precious metals strategy through royalty agreements and mineral stream interests. This news hub aggregates all official corporate communications, offering stakeholders a centralized resource for tracking developments across its 130+ royalty portfolio.
Discover timely updates on quarterly earnings, strategic partnerships, and new royalty acquisitions in North America and global mining jurisdictions. The curated collection enables analysis of OR's non-operational business model while maintaining compliance with financial disclosure standards.
Key content includes production reports from partner mines, updates on flagship assets like the Canadian Malartic royalty, and strategic investments in resource companies. Subscribers and analysts can monitor how OR's diversified approach mitigates commodity price volatility through structured revenue streams.
Bookmark this page for direct access to primary source materials, including SEC filings and TSX disclosures. Combine these updates with third-party analysis available on Stock Titan for comprehensive due diligence.
Osisko Gold Royalties (TSX & NYSE: OR) has announced the filing of its key annual disclosure documents for the year ended December 31, 2024. The company has submitted its Annual Information Form, Consolidated Annual Financial Statements, and Management's Discussion and Analysis with Canadian securities regulatory authorities. Additionally, Osisko has filed its Annual Report on Form 40-F with the U.S. Securities and Exchange Commission.
These documents are accessible through various platforms including SEDARPlus, SEC's website, and Osisko's corporate website. Shareholders can request physical copies of these documents at no cost by contacting Osisko's Investor Relations Department in Montreal.
Osisko Gold Royalties (OR: TSX & NYSE) has announced its first quarter 2025 dividend of C$0.065 per common share. The dividend will be paid on April 15, 2025 to shareholders of record as of March 31, 2025.
The company has confirmed this qualifies as an 'eligible dividend' under the Income Tax Act (Canada). For U.S. shareholders, the USD equivalent will be determined using the Bank of Canada's March 31, 2025 exchange rate.
Osisko has also reminded shareholders about its dividend reinvestment plan (DRIP). Canadian and U.S. residents can participate in the Plan for the upcoming dividend payment. Interested shareholders should contact their financial advisors or Osisko's transfer agent for enrollment details.
Osisko Gold Royalties reported record financial results for 2024, with revenues reaching US$191.2 million and operating cash flows of US$159.9 million. The company earned 80,740 gold equivalent ounces (GEOs), achieved net earnings of $16.3 million ($0.09 per basic share), and adjusted earnings of $97.3 million ($0.52 per basic share).
The company deployed over $287.7 million across three major transactions in 2024, including a 6% gold stream agreement on SolGold's Cascabel project, acquisition of royalties on Dalgaranga Gold project, and amendments to the Gibraltar silver stream. For 2025, Osisko expects GEOs to range between 80,000-88,000 with a 97% cash margin. The company's 5-year outlook projects 110,000-125,000 GEOs by 2029, representing over 30% growth.
Osisko Gold Royalties reported preliminary Q4 2024 results with 20,005 attributable gold equivalent ounces (GEOs), bringing the annual total to 80,740 GEOs, meeting their revised guidance of 77,000-83,000 GEOs. Despite a 14% year-over-year decrease due to operational stoppages at Renard diamond mine and Eagle mine, the company achieved record financial performance.
Q4 2024 saw record preliminary revenues of $79.3 million with a cash margin of 96.2%. Full-year 2024 preliminary revenues reached a record $262.2 million with a 96.5% cash margin. The company ended 2024 with approximately $85.0 million in cash and $135.1 million drawn from their revolving credit facility, with an additional $414.9 million available plus an uncommitted accordion of up to $200 million.
Osisko Gold Royalties (OR: TSX & NYSE) has completed two significant transactions: First, an amendment to its Gibraltar mine silver stream, increasing its attributable silver percentage by 12.5% to 100% for US$12.7 million. The step-down silver delivery threshold has been extended to 6,811,603 ounces. Second, the company closed the acquisition of a 1.8% gross revenue royalty on the Dalgaranga Gold project for US$44 million, plus a 1.35% GRR on nearby exploration licenses for US$6 million.
At Dalgaranga, operator Spartan Resources has achieved key milestones including obtaining underground mining permits, discovering a new high-grade gold zone called "Freak", and reporting a 68% increase in Indicated ounces in an updated Mineral Resource Estimate. Spartan also raised A$220 million to accelerate the project's restart over the next 24 months.
Osisko Gold Royalties (OR: TSX & NYSE) announced the renewal of its Normal Course Issuer Bid (NCIB) Program, approved by the Toronto Stock Exchange (TSX). The company may acquire up to 9,331,275 common shares from December 12, 2024, to December 11, 2025, representing approximately 5% of its issued and outstanding shares as of November 30, 2024. Daily purchases are capped at 73,283 shares, except for block purchases. Shares will be bought at the prevailing market price or at a discount through alternative means and will be canceled post-purchase. The Board believes this will enhance shareholder value. Under the previous NCIB Program, Osisko purchased 26,000 shares at an average price of $22.48 per share.
Osisko Gold Royalties provides updates on several key assets in its portfolio. At Mantos Blancos, plant throughput is reaching nameplate capacity of 20,000 tpd. Island Gold District is advancing its Phase 3+ Expansion, with potential for further expansion. Éléonore mine is being sold to Dhilmar for US$795 million. Namdini Gold Mine achieved first gold pour in November 2024. Dalgaranga Project received approvals for underground mining and discovered a new gold zone. Hermosa Project continues construction progress with US$124 million invested in Q3 2024. Multiple other assets showed positive developments, including first royalty payment from Tocantinzinho and advancement at various exploration and development projects.
Osisko Gold Royalties (OR: TSX & NYSE) has declared a fourth quarter 2024 dividend of C$0.065 per common share, payable on January 15, 2025, to shareholders of record as of December 31, 2024. The company reminds shareholders of its dividend reinvestment plan (DRIP) available to residents of Canada and the United States. Shareholders can participate in the DRIP for the upcoming dividend payment by consulting with their financial advisors or contacting the transfer agent directly.
Osisko Gold Royalties reported Q3 2024 financial results with operating cash flows of $47.2 million, up from $43.5 million in Q3 2023. The company earned 18,408 gold equivalent ounces (GEOs) and generated revenues of $57.3 million from royalties and streams. Net earnings were $18.3 million ($0.10 per share), compared to a net loss of $20.0 million in Q3 2023. The company maintained a strong cash margin of 96.3% and ended the quarter with a cash balance of $58.5 million and debt of $80.7 million. Notable developments include the acquisition of a 6% gold stream on SolGold's Cascabel project for US$225.0 million and a binding agreement to acquire royalties on the Dalgaranga Gold Project.
Osisko Gold Royalties (OR: TSX & NYSE) has released preliminary Q3 2024 results. The company earned 18,408 attributable gold equivalent ounces (GEOs) and recorded preliminary revenues of $57.3 million from royalties and streams. With a cost of sales of $2.2 million, Osisko achieved a quarterly cash margin of $55.1 million (96.3%).
As of September 30th, 2024, Osisko's cash position stood at $58.5 million. The company's revolving credit facility was drawn by $80.7 million, with an additional $469.3 million available plus an uncommitted accordion of up to $200.0 million. Osisko's net debt position was reduced to $22.2 million following debt repayments of $27.3 million in Q3.
The company will host its Q3 2024 results conference call on November 6th, 2024, after market close.
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