05:26 PM EDT, 10/08/2024 (MT Newswires) -- Osisko Gold Royalties ( OR ) after trade Tuesdayreleased preliminary third-quarter deliveries, revenue and cash margins.

The company said that during the quarter, it earned 18,408 gold equivalent ounces, and generated preliminary revenues of $57.3 million from royalties and streams, with a cost of sales, excluding depletion, of $2.2 million. This resulted in a cash margin of about $55.1 million, or 96.3%.

As of Sept. 30, Osisko's cash position was $58.5 million and net debt was reduced to $22.2 million following repayments of $27.3 million during the quarter, the company added.

The company's shares closed up $0.18 to $25.56 on the Toronto Stock Exchange.