11:57 AM EST, 12/09/2024 (MT Newswires) -- (Adds detail and updates shares.)

Osisko Gold Royalties ( OR ) at last look rose 4.4% after saying Monday it received TSX approval to renew its share buyback program.

Under the normal-course issuer bid, the company may acquire about 5% of its outstanding shares, or up to 9.33-million shares, for a year beginning on Dec. 12.

The company said its current buy back program will terminate on Dec. 11. It repurchased 26,000 of an allowed 9.26-million shares under the expiring program.

Osisko shares were last seen up $1.20 to $28.35 on the Toronto Stock Exchange.

Price: 28.35, Change: +1.20, Percent Change: +4.42