Osisko Gold Royalities / OR (TSX)

    Osisko Royalities ist sicher auch schlecht gelaufen, da Osisko Development massiv an Wert verloren hat. Der Marktwert von ODV beträgt nur noch 350 Mio. Cash beträgt ca. 50 Mio. Die Projekte sind insgesamt in meinen Augen auch mehr Wert und ich sehe bei ODV eine ekletante Unterbewertung. Wenn der Markt dreht wird ODV recht schnell steigen, da wenige Aktien im Free Float sind.


    LG Martin

    Zitat von PrinzvonLinz

    Osisko Royalities ist sicher auch schlecht gelaufen, da Osisko Development massiv an Wert verloren hat. Der Marktwert von ODV beträgt nur noch 350 Mio. Cash beträgt ca. 50 Mio. Die Projekte sind insgesamt in meinen Augen auch mehr Wert und ich sehe bei ODV eine ekletante Unterbewertung. Wenn der Markt dreht wird ODV recht schnell steigen, da wenige Aktien im Free Float sind.


    LG Martin

    @PrinzvonLinz Wie wäre es mit einem eigenen Thread für ODV? Wäre super, wenn Du einen eigenen eröffnen/führen würdest. Hätt da und dann Input dazu auch …

    Osisko Gold Royalties: A Dirt-Cheap Valuation For This High-Margin Business

    https://seekingalpha.com/artic…-for-high-margin-business
    Summary

    • Osisko Gold Royalties is down more than 40% from its all-time highs.
    • This is even though it has a high-margin, inflation-resistant business with one of the best organic growth profiles sector-wide.
    • At a current share price of US$9.25, Osisko GR trades at less than 0.80x P/NAV, a valuation reserved for gold producers with ~20% operating margins, not a royalty/streaming company.
    • So, with the deep discount to fair value, I have continued to accumulate the stock on weakness, and I see it as a Strong Buy at current levels.

    [Blockierte Grafik: https://static.seekingalpha.com/uploads/2022/9/1/45984866-16620540939490864_origin.png]


    Zitat von Centurion

    Osisko Gold Royalties Announces Royalty Transaction With Marimaca Copper

    HIGHLIGHTS

    • Osisko has acquired a 1.0% NSR royalty from Marimaca Copper Corp. (MARI:TSX) and certain of its wholly-owned subsidiaries (“Marimaca”) for total consideration of US$15.5 million;
    • Newly-created royalty on the Marimaca copper project covering approximately 1,310 hectares including the existing resource and prospective, near-resource targets;
    • As part of the transaction Osisko has been granted certain rights including a right of first refusal with respect to any royalty, stream, or similar interest in connection with financing the Marimaca project;
    • The Marimaca project is within a well-established mining jurisdiction, located 35 kilometers from the operating Mantos Blancos copper mine, owned by Capstone Copper Corp. where Osisko owns a silver stream;
    • Osisko believes that the Marimaca project is one of the top undeveloped copper projects currently owned by a single-asset developer;
    • A 2020 preliminary economic assessment highlighted annual copper cathode production of 36 thousand tonnes over a 12 year period;
    • 41,572m of drilling in 2022 is expected to expand mineral resources to support a definitive feasibility study which is expected to commence later this year;
    • In particular, Marimaca defined an exploration target of 30-50Mt of 0.4-0.5% Cu for the MAMIX zone which is located at depth and along strike of the known deposit that should add to increased mineral inventory in upcoming studies;
    • Simple low-strip open-pit oxide copper project with low capital intensity;

    [Blockierte Grafik: https://ml.globenewswire.com/Resource/Download/6921379b-61f1-42de-8547-9c89d22745bd?size=3]


    Sehr solides Geschäft, dieses Projekt mit niedrigen Kosten, niedrigem Capex, soliden Explorationsmöglichkeiten, hoher IRR selbst bei konservativen Preisen. Der Vorteil liegt darin, dass Maricama von einem großen Unternehmen übernommen werden könnte, da dann eine größere Durchsatzrate und eine viel schnellere Amortisierung im Vergleich zu den ~40.000 Tonnen pro Jahr bzw. 3,4 Millionen $ an jährlichen Einnahmen, die derzeit erwartet werden, wenn die Produktion erst einmal angelaufen ist, möglich sind.

    Osisko Development Announces Closing of US$20 Million Metals Stream to Advance Tintic
    https://ceo.ca/@globenewswire/…s-closing-of-us20-million
    MONTREAL, Sept. 26, 2022 (GLOBE NEWSWIRE) -- Osisko Development Corp. (“Osisko Development” or the “Company”) is pleased to announce that Tintic Consolidated Metals, LLC ("TCM" or “Tintic”), an indirect wholly-owned subsidiary of the Company, has closed the previously announced metals stream with Osisko Bermuda Limited ("OBL") pursuant to a Metals Purchase Agreement dated August 12, 2022 (the "Stream Agreement"). All conditions to complete the Stream Agreement have been fulfilled, including TCM's receipt of the upfront payment of US$20 million from OBL which will be used to advance the development of Tintic. Pursuant to the Steam Agreement, effective as of May 29, 2022, OBL will receive 2.5% of the refined metal production from Tintic until 27,150 ounces of refined gold have been delivered, and thereafter OBL will receive 2.0% of the refined metal production from TCM. OBL will make ongoing cash payments to TCM equal to 25% of the applicable spot metal price on the business day immediately proceeding the date of delivery for each ounce of refined metal delivered pursuant to the Stream Agreement.


    For more details on the metals stream with OBL, please refer to the Company's news release dated May 30, 2022.

    Osisko Announces Record Preliminary Q3 2022 Deliveries, Revenues and Cash Margin
    https://ceo.ca/@globenewswire/…minary-q3-2022-deliveries
    MONTREAL, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) is pleased to provide an update on its third quarter 2022 deliveries, revenues, cash margin and recent asset advancements for its royalty and stream segment.


    PRELIMINARY Q3 2022 RESULTS


    Osisko earned approximately 23,850 attributable gold equivalent ounces1 (“GEOs”) in the third quarter of 2022, record deliveries for the Corporation since inception in 2014. Osisko recorded preliminary revenues from royalties and streams of C$53.7 million during the third quarter and preliminary cost of sales (excluding depletion) of C$4.4 million, resulting in a record quarterly cash margin2 of approximately C$49.3 million (or 92%).


    During the third quarter, Osisko purchased for cancellation a total of 1.3 million common shares for C$16.5 million (average acquisition price per share of C$12.77) under its NCIB program.


    Sandeep Singh, President and CEO of Osisko, commented: “We are delighted to have experienced another quarter of record deliveries, revenues and cash margin in Q3. These records were achieved despite the Eagle mine still working towards steady-state production, the gold price averaging US$142 per ounce lower quarter over quarter, and a meaningfully higher gold-silver price ratio used to convert silver deliveries into GEOs. The higher gold-silver price ratio, which has since subsided somewhat, decreased GEOs earned by approximately 850 ounces in the third quarter versus expectations. We believe our assets have the ability to end the year on a continued upswing and meet the low end of our guidance, with further increases from core assets expected in 2023.


    Mehr im Original.

    Regulus Announces US$5.0 M Investment From Osisko Gold Royalties
    https://www.goldseiten.de/arti…sisko-Gold-Royalties.html
    VANCOUVER, Oct. 14, 2022 - Regulus Resources Inc. ("Regulus" or the "Company", TSX-V: REG, OTCQX: RGLSF) is pleased to announce the completion of a US$5 million investment (the "Investment") from Osisko Gold Royalties ("Osisko") in exchange for a net smelter return ("NSR") ranging from 0.125% to 1.5% on certain claims of the Company's AntaKori project ("AntaKori"), as well as a right (currently held by Regulus) to buy-back a 1% NSR from a third party on certain claims of AntaKori. Proceeds from the Investment will be used for exploration activities at AntaKori and for general corporate purposes. This Investment is the second completed by Osisko on the AntaKori project. The first was the strategic partnership between Regulus and Osisko announced on October 1, 2020 (the "Strategic Partnership").


    Highlights


    • The Investment represents a significant financing in challenging capital markets.

      • No incremental royalties on the claims where Osisko acquired a 0.75-1.5% NSR through the Strategic Partnership in 2020, where the majority of current NI 43-101 resources lie.
      • Deal structured such that the NSR's issued in relation to the Investment together with existing outstanding royalties will not exceed 1.5%.


    • Brings cash into the treasury with no dilution to shareholders.
    • The Investment allows Regulus to continue to advance exploration activities on the AntaKori project and maintain its social commitments.
    • Represents a strong technical endorsement for the AntaKori project.

    [Blockierte Grafik: https://ml.globenewswire.com/Resource/Download/3c59af14-5833-49b3-9797-91001d2d99f2?size=3]

    Osisko to Acquire Royalty on SolGold’s Cascabel Project
    https://ceo.ca/@globenewswire/…solgolds-cascabel-project
    INVESTMENT HIGHLIGHTS


    • Exceptional Royalty on one of the Most Significant Cu-Au Discoveries

      • NSR covers the Cascabel property comprising 4,979 hectares of Andean Copper Belt;
      • Total resources at Cascabel currently represent approximately 20% and 16% of the total copper and gold in new major deposit discoveries since 2012 (as compiled by SolGold);
      • Based on the PFS, the NSR would average approximately 4,700 annual gold-equivalent ounces (“GEOs”) to Osisko over an initial 26-year mine life and 7,600 GEOs over the first 10-years of nameplate production.


    • Exposure to the Large-Scale Alpala Project

      • The Alpala deposit is SolGold’s principal focus on the broader Cascabel property. The PFS study on Alpala outlined a large underground block cave mine with an initial 26-year mine life based on Probable Reserves (only 21% of total M&I tonnage inventory);
      • Alpala Probable Reserves contain 3.3 Mt of Cu, 9.4 Moz of Au and 30 Moz of Ag (558 Mt of 0.58% Cu, 0.52g/t Au and 1.65g/t Ag);
      • Alpala is estimated to produce an average of 132 kt Cu and 358 koz Au annually over the life of mine with peak annual production of 210 kt Cu and 829 koz Au;
      • Based on the PFS, Alpala is expected to rank in the first decile in terms of production costs.


    • Further Exploration Potential Within the Broader Property

      • Presence of regional targets on the Cascabel property that have similar geophysical and geochemical characteristics to known mineralized porphyry clusters on the property;
      • The PFS mine plan did not include a further 2 billion tonnes of resources which may supplement production;
      • A number of prospective targets across the Cascabel concession in addition to the discovered Alpala and Tandayama-America deposits.



    TRANSACTION DETAILS


    • Osisko will make an upfront cash payment to SolGold of US$50 million in exchange for the NSR;
    • The NSR will be a life-of-mine instrument covering the entirety of the Cascabel property including the Alpala project;
    • Beginning in 2030 and until the end of 2039, Osisko will receive minimum annual payments under the NSR of US$4 million;
    • SolGold shall have a right to buydown one-third (1/3) of the NSR percentage for 4 years;
    • Osisko has made a three-year commitment to fund certain ESG initiatives at the project;
    • Closing of the Transaction is subject to customary conditions precedent.

    Osisko Reports Q3 2022 Results
    https://ceo.ca/@GlobeNewswire/osisko-reports-q3-2022-results
    Q3 2022 Financial Highlights


    • Deconsolidation of Osisko Development Corp. (“Osisko Development”) as of September 30, 2022 and presentation of its results as discontinued operations on the statements of loss and the statements of cash flows;
    • 23,850 GEOs1 earned (Q3 2021 – 20,032 GEOs);
    • Revenues of $53.7 million (Q3 2021 – $50.0 million);
    • Cash flows generated by operating activities from continuing operations of $51.1 million (Q3 2021 – $44.1 million);
    • Cash margin2 of $49.3 million or 92% (Q3 2021 – 93%);
    • Net earnings from continuing operations of $28.0 million, or $0.15 per share (Q3 2021 – $25.6 million or $0.15 per basic share);
    • Adjusted earnings2 of $25.8 million, or $0.14 per basic share (Q3 2021 – $23.3 million, $0.14 per basic share).


    Sandeep Singh, President and CEO of Osisko commented: “The business case for Osisko has never been stronger. As outlined in our Q3 preliminary deliveries release, we experienced another quarter of record deliveries, revenues and cash margin as we continue to anticipate further increases from our core assets. We are also seeing an increasingly receptive market for royalty and streaming transactions and are well positioned having kept a strong balance sheet for this part of the cycle. We will, however, remain disciplined in capital allocation, finding the right balance between growth and returning capital to investors. The deconsolidation of Osisko Development is a further meaningful step in the strategic realignment of Osisko as a pure-play royalty and streaming business.”


    Other Highlights


    • As at September 30, 2022, the Company had a cash balance of $300.5 million, convertible debentures maturing on December 31, 2022 with a nominal value of $300.0 million and a $550.0 million completely undrawn revolving credit facility;
    • Increased the accordion feature of the revolving credit facility from $100.0 million to $200.0 million and extended the maturity date to September 29, 2026;
    • Acquired a 1.0% net smelter return (“NSR”) royalty covering the currently known mineralization and prospective exploration areas that constitute the Marimaca copper project located in Antofagasta, Chile, for US$15.5 million ($20.3 million);
    • Osisko Bermuda Limited closed the previously announced metals stream on the Trixie mine in Utah, owned and operated by Osisko Development, as well as mineral claims covering more than 17,000 acres in Central Utah’s historic Tintic Mining District, for US$20.0 million ($27.1 million) in exchange for 2.5% of all metals produced (until 27,150 ounces of refined gold have been delivered, and thereafter 2.0%) and a transfer price of 25% of the spot prices;
    • Appointed Mr. Rob Krcmarov to the Board of Directors. Mr. Krcmarov is a renowned international mining executive with over 32 years of experience in the natural resources sector. Mr. Krcmarov recently retired as Executive Vice President of Exploration and Growth for Barrick Gold Corporation (“Barrick”). During his tenure at Barrick, he progressed through several senior positions from 1988 to 2021, and built an exceptional skillset in global exploration spanning across five continents and more than 20 countries;
    • Declared a quarterly dividend of $0.055 per common share paid on October 14, 2022 to shareholders of record as of the close of business on September 30, 2022.

    Subsequent to September 30, 2022 On November 7, 2022, Osisko announced that it has entered into a binding agreement with SolGold plc (“SolGold”) with respect to a US$50 million royalty financing to support the advancement of SolGold’s Cascabel copper-gold property in northeastern Ecuador. As part of the transaction, Osisko Will acquire a 0.6% NSR royalty covering the entire Cascabel property;

    Riley Gold Announces US$2.6M Investment From Osisko Gold Royalties
    https://ceo.ca/@GlobeNewswire/…6m-investment-from-osisko
    VANCOUVER, British Columbia, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Riley Gold Corp. (TSX.V: RLYG) (OTCQB: RLYGF) (“Riley Gold” or the “Company”) is pleased to announce the completion of a US$2.6 million investment (the “Investment”) from Osisko Gold Royalties Ltd (“Osisko”) (NYSE:OR & TSE:OR) in exchange for royalties on projects held by Riley Gold’s wholly owned Nevada subsidiary, RRC Exploration Inc. (“RRC”) including: a 2.0% net smelter return (“NSR”) royalty on Riley Gold’s Pipeline West/Clipper Gold Project (“PWC”), located in Lander County, Nevada; a 0.5% NSR royalty on its Tokop Gold Project (“Tokop”), located in Esmeralda County, Nevada; and an assignment of certain royalty buy-back rights on PWC, held by RRC. The form of NSR royalty to be granted by RRC to Osisko is dependent on the Company’s land holdings as described in the Transactions Details below.


    Highlights:


    The Investment provides the following benefits to Riley Gold:


    • Establishes a royalty partnership with Osisko, an established, and well respected, gold royalty company.
    • Provides a less dilutive source of funds to replenish the Company’s treasury.
    • Allows Riley Gold to continue its various workstreams including continued exploration at PWC (adjoining Nevada Gold Mines - Cortez complex).

    Rio2 Sells Non-Core Royalty Package for US$5 Million
    https://ceo.ca/@globenewswire/…y-package-for-us5-million
    VANCOUVER, British Columbia, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or “the Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) announces that it has entered into a binding agreement to sell a package of Chilean royalty interests to Osisko Gold Royalties Ltd. (“Osisko”) for aggregate consideration of US$5,000,000 (the “Royalty Sale”). The Royalty Sale provides for the sale of Rio2’s 1.5% royalty on the Anocarire Project and its 1.25% royalty on the Horizonte Project, both located in Chile.


    Rio2 is currently in an administrative appeal process with the Chilean Government with respect to the rejection of the Environmental Impact Assessment for the development of its Fenix Gold Project, as previously outlined in a press release dated September 7, 2022.


    Alex Black, President & CEO of Rio2 Limited, stated, “We are sincerely thankful to Osisko Gold Royalties for their support during this time of challenging market conditions. The monetization of these non-core royalty interests provides Rio2 with a welcome boost to its balance sheet and working capital.”


    The Royalty Sale is subject to customary conditions precedent and is expected to close in the coming days.

    Roscan Enters Into Royalty Sale Agreement With Osisko Gold Royalties for Proceeds of Up to $10 Million


    https://www.accesswire.com/729…ceeds-of-Up-to-10-Million


    TORONTO, ON / ACCESSWIRE / December 2, 2022 / Roscan Gold Corporation ("Roscan" or the "Company") (TSX-V:ROS)(FSE:2OJ)(OTCQB:RCGCF) is pleased to announce that it has entered into a royalty financing agreement (the "Agreement") with Osisko Gold Royalties Ltd ("Osisko") involving a royalty financing related to the Company's entire 401.8 Km2 Kandiolé Project in Mali, West Africa (the "Property").


    Osisko has initially acquired a 1.0% net smelter return ("NSR") royalty for upfront consideration of $5.0 million (the "Royalty"). Pursuant to the Agreement, Osisko will retain the option to purchase a second 1.0% NSR (for a total NSR royalty percentage of 2.0%) on the Property at any time for an additional $5.0 million (the "Additional Royalty"). Furthermore, the Company will have the right to compel Osisko to acquire the Additional Royalty in the event Roscan receives a long-term exploitation license on the Property from the Malian government.

    Osisko Gold Royalties: Good Growth Potential Until 2026

    https://seekingalpha.com/artic…owth-potential-until-2026
    The company offers excellent growth potential, with an estimated production of 130K to 140K GEOs by 2026. I like the growth here.


    [Blockierte Grafik: https://static.seekingalpha.com/uploads/2022/12/15/12290461-16711025607873814.png] OR Growth outlook (OR Presentation)



    Zitat von silberkunta

    ich mag den Laden... gutes Management, solides Wachstum, und nicht so teuer wie Wheaton und co.... mittlerweile meine größte Posi im " Langfrist-EM-Depot"...

    Ganz kann ich dich nicht verstehen. Bei Wheaton und Co haben die Aktionäre zumindest am Wertzuwachs der Aktie profitiert. Osisko ist eine lahme Ente. Kein nennenswerter Wertzuwachs seit Bestehen.

    Osisko ist recht klein im Vergleich zu Wheaton und wohl auch (noch) nicht so "auf dem Radar" der Anleger wie die Großen der Branche. Wheaton und Franco Nevada liefen in den letzten paar Jahren besser, das stimmt, aber das muss ja nicht zwingend heißen, dass das auch zukünftig so sein muss... ich mag den Laden trotzdem...

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