Osisko Gold Royalties Ltd
OR
ISIN null / Valor 24583868
Osisko Gold Royalties Ltd
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About company
Osisko Gold Royalties Ltd is a Canadian company that specializes in acquiring and managing precious metal royalties and streams. Its primary asset is a 5% net smelter return (NSR) royalty on the Canadian Malartic Mine, one of the largest gold mines in Canada, located in Malartic, Québec. The company focuses on generating revenue through its portfolio of royalties and streams, which provides it with a steady income from the production of gold and other precious metals without the operational risks associated with mining. Osisko Gold Royalties leverages its expertise in the mining sector to strategically invest in high-quality assets, aiming to deliver sustainable returns to its shareholders.
Summarized from source with an LLMView SourceSector: Non-Energy MaterialsLatest Results (19.05.2026):
Osisko Gold Royalties Ltd – Q1 2025: Osisko reported a solid start to 2025 with 19,014 gold equivalent ounces (GEOs) earned, revenues of $54.9 million and strong operating cash flow of $46.1 million. Net earnings were $25.6 million ($0.14 per basic share) and adjusted earnings were $29.5 million ($0.16 per basic share). The company entered the year with $63.1 million in cash and $74.3 million of debt as at March 31, 2025, and management reiterated 2025 GEO guidance of 80,000–88,000 GEOs while noting expected sequential improvement through the year.
Production and Revenue
GEOs earned: 19,014 in Q1 2025 (vs 22,259 in Q1 2024). Revenues from royalties and streams were $54.9 million (up from $45.0 million in Q1 2024), driven in part by higher average metal prices.
Cash Flow and Margin
Operating cash flows were $46.1 million (Q1 2025) versus $37.4 million a year earlier. Total cash margin was $53.3 million, representing 97.1% of revenues (virtually unchanged from 97.0% in Q1 2024).
Profitability
Net earnings were $25.6 million ($0.14 per basic share) in Q1 2025 versus $11.2 million ($0.06) in Q1 2024. Adjusted earnings were $29.5 million ($0.16 per basic share) compared with $22.0 million ($0.12) a year earlier.
Balance Sheet and Debt Reduction
Cash on hand at March 31, 2025 was $63.1 million and long-term debt was $74.3 million. The company repaid $19.6 million under its revolving credit facility during the quarter and announced an additional $30.0 million repayment subsequent to quarter-end.
Acquisitions and Portfolio Activity
During Q1 2025 Osisko paid $5.0 million to acquire a 1.5% NSR royalty from Japan Gold Corp. on Japanese properties. Subsequent to quarter-end it acquired a basket of royalties in British Columbia from Sable Resources for C$3.8 million and received the first payment under the Bralorne 1.7% NSR royalty (Talisker Resources).
Dividends and Shareholder Returns
A quarterly dividend of C$0.065 per common share was paid April 15, 2025 (record March 31, 2025). Subsequent declaration: a 20% increase to a quarterly dividend of US$0.055 per share to be paid July 15, 2025 (record June 30, 2025).
Outlook and Management Commentary
Management reiterated 2025 GEO guidance of 80,000–88,000 and expects GEO deliveries to improve sequentially through the year. Near-term catalysts mentioned include Osisko Development financing for the Cariboo project, a new life-of-mine plan at Island Gold, and potential earlier production at Dalgaranga if a scheme of arrangement is implemented.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
6739 M
Market cap (USD)
199,012
Daily traded volume (Shares)
26.15 / 25.72
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
Marco Fischer
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