08:34 AM EDT, 04/08/2024 (MT Newswires) -- Osisko Gold Royalties Ltd. ( OR ) said Monday that it earned 22,259 attributable gold equivalent ounces in the first quarter, while revenues from royalties and streams totaled $60.7 million, according to preliminary figures.

Cost of sales during the quarter reached $1.8 million, resulting in a quarterly cash margin of about $58.9 million.

As of March 31, Osisko's cash position was about $70.6 million, following a $43.6 million repayment on its revolving credit facility during the first quarter.

The company said its revolving credit facility was drawn by $151.9 million at the end of March 2024, with an additional amount of $398.1 million available to be drawn plus the uncommitted accordion of up to $200.0 million.

The company gained 1.4% last Friday.