hedge_fun
3 years ago
Q2 - Record Deliveries, Revenues, and Cash Margin......
MONTRÉAL, July 12, 2022 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) is pleased to provide an update on its second quarter 2022 deliveries, revenues, cash margins and recent asset advancements for its royalty and stream segment.
PRELIMINARY Q2 2022 RESULTS
Osisko earned approximately 22,240 attributable gold equivalent ounces1 (“GEOs”) in the second quarter of 2022, record deliveries for the Corporation since inception in 2014.
Osisko had record preliminary revenues from royalties and streams of C$51.5 million during the second quarter and preliminary cost of sales (excluding depletion) of C$3.7 million, resulting in a record quarterly cash margin2 of approximately C$47.8 million or approximately 93%.
Osisko will provide full production and financial details with the release of its second quarter 2022 results after market close on Tuesday, August 9th, 2022 followed by a conference call on Wednesday, August 10th at 10am ET. More details are provided at the end of this release.
Sandeep Singh, President and CEO of Osisko commented: “Our royalty and streaming portfolio delivered records on a number of fronts in Q2 including GEO deliveries and absolute cash margins. We continue to expect further increases in deliveries in the second half of the year as ramp-ups at Mantos and Eagle progress towards nameplate capacity. In a period of heightened volatility in the mining sector, and rising costs across all facets of the economy, our inflation protected business model continues to thrive.”
starboy
4 years ago
Osisko is engaged in the business of acquiring and managing precious metal and other high-quality royalties, streams and similar interests in Canada and worldwide. Osisko owns a portfolio of royalties, streams, offtakes, options on royalty/stream financings and exclusive rights to participate in future royalty/stream financings on various projects. Osisko’s cornerstone asset is a 5% NSR royalty on the Canadian Malartic mine, located in Canada.
https://osiskogr.com/en/overview/
starboy
4 years ago
OR Osisko has the assets for future growth
https://www.streetwisereports.com/article/2021/03/10/royalty-companies-and-explorers-are-on-sale-1.html
The company has a strong pipeline of assets in Osisko Development (as well as Osisko Mining, Metals and O3), in which it holds royalty interests as well as equity. This pipeline is important when competition for royalty assets is so strong and prices so high. On a recent call, CEO Sandeep Singh emphasized the significance of the accelerator model, which had been "wildly successful" both financially and in developing the pipeline. He said he continues to like what he described as "the pure accelerator model," but said there are fewer good assets available after last year's market rally.
The company provided guidance for this coming year of between 78,000 to 82,000 GEOs (gold equivalent ounces), which was self-described as fairly conservative and deliberately so after several disappointments in recent years. In particular, Eleonore appears to have stabilized and now has upside, as does the diamond mine Renard, though it is not in the guidance.
It has the lowest valuation among the larger companies, justifiably so perhaps, though too wide a gap in my view. It is the highest yielding at 1.5%. Osisko is not receiving credit for the progress it has made, including turning around diamond mine Renard, as well as its no-cost inbuilt pipeline. Osisko is a buy.