OR Royalties Inc Stock Price, News & Analysis

Osisko Gold Royalties Ltd (OR: TSX & NYSE) has announced a first quarter 2023 dividend of C$0.055 per common share, payable on April 14, 2023, to shareholders on record as of March 31, 2023. This eligible dividend, defined under the Income Tax Act (Canada), offers U.S. shareholders a dollar equivalent based on the Bank of Canada's daily rate on the record date. Osisko also has a dividend reinvestment plan available for its Canadian and U.S. shareholders, allowing them to reinvest dividends into additional shares. Shareholders are advised to consult their tax advisors concerning implications of participation in the plan.

Osisko Gold Royalties Ltd (OR) reported strong financial results for Q4 and the full year 2022, with record revenues of $217.8 million from royalties and streams, and a net earnings increase to $85.3 million, equating to $0.47 per share. The total earned GEOs rose by 12% to 89,367. Q4 also saw record quarterly revenues of $61.9 million and net earnings of $22.4 million. The company anticipates earning 95,000 to 105,000 GEOs in 2023, maintaining a cash margin of 93%. Additionally, Osisko plans significant investments, including a $250.2 million public offering and various acquisitions.

Osisko Gold Royalties reported record fourth quarter 2022 results, earning approximately 25,023 gold equivalent ounces (GEOs) and achieving a cash margin of $57.2 million, a 92% margin. Total revenues for Q4 reached $61.9 million, contributing to annual revenues of $217.8 million. Osisko's cash reserves stood at $90.5 million after full repayment of convertible debentures. The company is also advancing several asset transactions, including a pending $75 million silver stream agreement and ongoing developments at the Canadian Malartic and Mantos Blancos mines, with expectations for future growth in 2023.

Osisko Gold Royalties Ltd (OR: TSX & NYSE) announced a revised agreement with Metals Acquisition Corp (MAC) for a 100% silver stream on the CSA mine in New South Wales, Australia. Osisko's subsidiary, Osisko Bermuda Limited (OBL), will pay US$75 million upfront, reduced from US$90 million, plus ongoing payments at 4% of the spot price. Additionally, a backstop copper stream could provide up to US$75 million to cover financing shortfalls. The CSA mine has historically produced about 431,000 ounces of silver annually. The transaction is conditional on MAC securing necessary financing.

Osisko Gold Royalties Ltd (OR) has appointed Grant Moenting as Vice President, Capital Markets, starting January. With 16 years of experience, Moenting previously worked at Scotiabank Global Banking and Markets, where he was recognized as a top sales professional in mining. His extensive background in the mining sector and capital markets is expected to enhance Osisko's performance. CEO Sandeep Singh expressed that Moenting's expertise will complement the existing team and help leverage the company's strong year into 2023.

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.