Osisko Reports Q1 2024 Results, by @GlobeNewswire
Strong operating cash flows of $50.4 million, cash margin of 97%, and 8% increase in quarterly dividend
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Highlights
- 22,259 gold equivalent ounces1 (“GEOs”) earned (23,111 GEOs in Q1 2023);
- Revenues from royalties and streams of $60.8 million ($59.6 million in Q1 2023);
- Cash flows generated by operating activities of $50.4 million ($45.5 million in Q1 2023);
- Cost of sales of $1.8 million, resulting in a quarterly cash margin2 of 97% ($58.9 million);
- Net earnings of $15.1 million, $0.08 per basic share ($20.8 million, $0.11 per basic share in Q1 2023);
- Adjusted earnings2 of $29.7 million, $0.16 per basic share ($25.2 million, $0.14 per basic share in Q1 2023);
- Repayment of $43.6 million under the revolving credit facility;
- Cash balance of $70.6 million and debt position of $151.9 million as at March 31, 2024; and
- Appointment of Mr. David Smith to the Board of Directors.
Subsequent to March 31, 2024
- Additional repayments of $18.6 million on the revolving credit facility and extension of the maturity date from September 29, 2026 to April 30, 2028;
- Publication of the fourth edition of the Company’s sustainability report, Growing Responsibly and Osisko’s 2024 Asset Handbook; and
- Declaration of a quarterly dividend of $0.065 per common share payable on July 15, 2024 to shareholders of record as of the close of business on June 28, 2024, an increase of 8%.
Osisko Declares an 8% Increase in Second Quarter 2024 Dividend, by @GlobeNewswire
MONTREAL, May 08, 2024 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) is pleased…
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