05:00 PM EST, 11/06/2024 (MT Newswires) -- Osisko Gold Royalties ( OR ) (OR.TO. OR) was last seen down 0.8% in after-hours New York trading after the company on Wednesday reported its third-quarter adjusted profit rose but revenue fell.

The company reported adjusted profit, excluding most one-time items, rose to $28.8 million, or $0.15 per basic share, from $18.3 million, or $0.10 per basic share last year.

Revenue from royalties and streams fell to $57.3 million, from $62.1 million.

The company earned 18,408 gold equivalent ounces (GEOs) during the quarter, compared with the 23,292 GEOs in the prior year period.

Osisko Royalties will pay a quarterly dividend of $0.065 per share on January 15.

"Osisko had a solid third quarter and remains on track to achieve its 2024 revised guidance range of 77,000 to 83,000 GEOs delivered," said chief executive Jason Attew.

Osisko shares were last seen down US$0.17 to US$20.15 after hours. They closed down $0.05 to $28.25 on the Toronto Stock Exchange.