Osisko Announces Preliminary Q3 2024 GEO Deliveries, Cash Margin and Reduced Debt Balance
Osisko Gold Royalties Ltd Common Shares (OR)
Last osisko gold royalties ltd common shares earnings: 2/19 06:00 pm
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US:NYSE Investor Relations:
osiskogr.com/en/investors
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Source: GlobeNewswire
MONTRÉAL, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) is pleased to provide an update on its third quarter 2024 preliminary deliveries, revenues and cash margin, as well as on its cash and debt positions as of September 30th, 2024. All monetary amounts included in this report are expressed in Canadian dollars, unless otherwise noted. PRELIMINARY Q3 2024 RESULTS Osisko earned 18,408 attributable gold equivalent ounces1 (“GEOs”) in the third quarter of 2024. Osisko recorded preliminary revenues from royalties and streams of $57.3 million during the third quarter and preliminary cost of sales (excluding depletion) of $2.2 million, resulting in a quarterly cash margin2 of approximately $55.1 million (or 96.3%). As at September 30th, 2024, Osisko’s cash position was $58.5 million. The Company’s revolving credit facility was drawn by $80.7 million at the end of September 2024, with an additional amount of $469.3 million
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