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Osisko Gold Royalties Books Record Preliminary Q4 Revenue
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Osisko Gold Royalties Books Record Preliminary Q4 Revenue
Jan 7, 2025 6:18 AM

08:51 AM EST, 01/07/2025 (MT Newswires) -- Osisko Gold Royalties ( OR ) reported Tuesday record preliminary fourth-quarter revenue.

Osisko posted record revenue from royalties and streams of $79.3 million and cost of sales of $3.1 million, resulting in a record quarterly cash margin of $76.3 million.

The company said it earned 20,005 attributable gold equivalent ounces (GEO) for a total of 80,740 GEOs in 2024, hitting the midpoint of its revised GEO delivery guidance range of 77,000-83,000 GEOs.

Osisko said its GEO earned fell 14% in 2024 due to the stoppage of operations at the Renard diamond mine and the stoppage of the Eagle mine following the slope failure at its heap leach pad facility.

Osisko will report its fourth quarter and annual 2024 results on Feb. 19.

The company's share price fell 2.8% on Monday to $26.06 on the TSX.

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