Annual Preliminary Sales and Revenue
The Company sold approximately 72,800 attributable gold equivalent ounces1 and realized preliminary revenue2 of $176.3 million for the full 2024 year (97,245 attributable gold equivalent ounces and $179.6 million in revenue for the comparable period in 2023). Preliminary cost of sales, excluding depletion2 for the full 2024 year was $20.0 million resulting in cash operating margins1 of approximately $2,097 per attributable gold equivalent ounce1 ($21.7 million and $1,706 per attributable gold equivalent ounce for the comparable period in 2023, respectively).
PRELIMINARY Q4 2024 RESULTS
Osisko earned 20,005 attributable gold equivalent ounces2 (“GEOs”) in the fourth quarter of 2024, for a total of 80,740 GEOs in 2024, thereby achieving the mid-point of the Company’s revised GEO delivery guidance range of 77,000-83,000 GEOs. Osisko’s year-over-year GEOs earned decreased by 14% in 2024 due to the stoppage of operations at the Renard diamond mine in the fourth quarter of 2023, and with the stoppage of the Eagle mine as of June 24, 2024 following the slope failure at its heap leach pad facility.
Osisko recorded record preliminary revenues from royalties and streams of $79.3 million (US$56.7 million) during the fourth quarter and preliminary cost of sales (excluding depletion) of $3.1 million (US$2.2 million), resulting in a record quarterly cash margin3 of approximately $76.3 million (US$54.6 million) (or 96.2%).
For the full year 2024, preliminary revenues from royalties and streams reached a record $262.2 million (US$191.2 million) and preliminary cost of sales (excluding depletion) are estimated at $9.3 million (US$6.7 million), resulting in a record annual cash margin3 of $252.9 million (US$184.4 million) (or 96.5%).
As at December 31st, 2024, Osisko’s cash position was approximately $85.0 million (US$59.1 million), following the closing of both the Dalgaranga royalty acquisitions and the Gibraltar silver stream amendment, in the fourth quarter of 2024. Osisko’s revolving credit facility was drawn by $135.1 million (US$93.9 million) at the end of 2024, with an additional amount of $414.9 million (US$288.3 million) available to be drawn plus the uncommitted accordion of up to C$200 million.
Hayasa Metals Inc. (TSXV: HAY) (OTCQB: HAYAF) ("Hayasa" or the "Company") is pleased to announce the sale of a 1.25% Net Smelter Return ("NSR") royalty covering all minerals produced from the Urasar gold-copper project in northern Armenia to Franco-Nevada Corporation ("Franco-Nevada") and EMX Royalty Corporation ("EMX"), for US$1,000,000 cash.
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