Osisko Gold Royalties Ltd

OR

Equity

ISIN CA68827L1013 / Valor 24583868

Toronto Stock Exchange (2024-12-24)

CAD 26.40+0.61%

Osisko Gold Royalties Ltd
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About company

Osisko Gold Royalties Ltd is a company primarily focused on its 5% net smelter return (NSR) royalty on the Canadian Malartic Mine in Malartic, Quebec. This royalty asset is considered world-class and plays a significant role in the company's business operations. In addition to this key asset, Osisko Gold Royalties also has a diversified portfolio of other royalties and investments in the mining industry.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Revenue Growth

Osisko Gold Royalties Ltd reported a significant increase in revenue for the second quarter of 2024. The company achieved total revenues of $64.8 million, up from $60.5 million in the same period of 2023. This growth was driven by higher royalty and stream interests, reflecting the company's strong performance in the precious metals market.

Cash Margin

For the second quarter of 2024, Osisko Gold Royalties Ltd reported a cash margin of $62.6 million, representing 96.6% of total revenues. This is an improvement from the 93.0% cash margin reported in the second quarter of 2023. The increase in cash margin highlights the company's efficient cost management and strong revenue generation capabilities.

Gross Profit

Osisko Gold Royalties Ltd's gross profit for the second quarter of 2024 was $52.2 million, up from $43.3 million in the same quarter of 2023. This increase in gross profit is attributed to higher revenues and improved cash margins, demonstrating the company's robust financial health and operational efficiency.

Adjusted Earnings

In the second quarter of 2024, Osisko Gold Royalties Ltd reported adjusted earnings of $33.2 million, or $0.18 per basic share. This is an increase from the adjusted earnings of $27.2 million, or $0.15 per basic share, reported in the second quarter of 2023. The rise in adjusted earnings reflects the company's strong operational performance and effective cost control measures.

Outlook

Osisko Gold Royalties Ltd remains optimistic about its financial outlook for the remainder of 2024. The company expects to continue benefiting from strong precious metal prices and plans to deploy capital towards accretive growth opportunities. Management anticipates that the results for the second half of the year will be stronger, driven by ongoing operational efficiencies and strategic investments.

Summarized from source with an LLMView Source

Key figures

35.2%1Y

71.3%3Y

111%5Y

Performance

27.8%1Y

31.4%3Y

38.1%5Y

Volatility