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Positive Updates on Select Development Assets Outside of Current 5-Year Outlook & Acquisition of Silver Stream on South Railroad Project
Globenewswire· 2025-06-02 20:30
Core Viewpoint - OR Royalties Inc. is expanding its asset portfolio with significant updates, including the acquisition of a 100% silver stream from Orla Mining's South Railroad project, which enhances its exposure to Tier-1 mining jurisdictions [2][3][4]. Asset Updates South Railroad Project - OR Royalties acquired a 100% silver stream from Orla Mining's South Railroad project, with first production expected as early as 2027 [3][4]. - The project is anticipated to have a pre-production construction timeline of approximately 12 months following final permits expected by mid-2026 [3]. Spring Valley Project - The U.S. Bureau of Land Management is set to release a Final Environmental Impact Statement for Solidus Resources' Spring Valley gold project by July 11, 2025, with construction expected to start in Q3 2025 [6]. - Solidus received a Letter of Interest from the Export-Import Bank of the United States for potential financing of up to $835 million for the Spring Valley Project [7]. - The Spring Valley Feasibility Study outlines a +10-year life-of-mine averaging over 300,000 ounces of gold per year, with 348,000 ounces expected in the first five years [8]. Cariboo Project - Osisko Development's Optimized Feasibility Study for the Cariboo gold project indicates a 10-year life-of-mine averaging approximately 190,000 ounces of gold per year, with first production possible in the second half of 2027 [10][12]. - OR Royalties holds a 5.0% net smelter return royalty on the Cariboo property [12]. Amulsar Project - OR Royalties sold its interest in the Amulsar mine to United Gold and entered into a new Stream Agreement for gold and silver production [13][14]. - The Amulsar mine is expected to produce approximately 168,000 ounces of gold and 140,000 ounces of silver annually over an initial 16-year mine life [15]. Upper Beaver Project - Agnico Eagle Mines provided an update on its Upper Beaver project, which has the potential to produce an average of approximately 210,000 ounces of gold and 3,600 tonnes of copper annually over a 13-year life-of-mine starting in 2031 [17]. - OR Royalties owns a 2.0% net smelter return royalty on the Upper Beaver project [20]. Ermitaño Project - First Majestic Silver Corp. announced significant mineralization discoveries at the Navidad vein system adjacent to its Ermitaño mine, with ongoing drilling planned for 2025 [21][22]. - OR Royalties holds a 2.0% net smelter return royalty on the Ermitaño project, which includes the Navidad property [25]. Wharekirauponga Project - OceanaGold lodged an application for fast-track approvals for the Waihi North Project, which includes the Wharekirauponga Underground mine, expected to be fully permitted by the end of 2025 [26][27]. - OR Royalties owns a 2.0% net smelter return royalty on the Waihi West and Wharekirauponga projects [27].
OR Royalties (OR) Is Up 8.92% in One Week: What You Should Know
ZACKS· 2025-05-30 17:00
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: OR Royalties - OR Royalties currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [2][3] - The stock has shown significant price increases, with shares up 8.92% over the past week and 7.54% over the past month, outperforming the Zacks Mining - Miscellaneous industry [5] - Over the past quarter, OR shares have increased by 35.06%, and by 53.1% over the last year, while the S&P 500 has moved -0.42% and 13.57% respectively [6] Trading Volume - OR's average 20-day trading volume is 870,499 shares, which is a useful indicator of market interest and price movement [7] Earnings Outlook - In the past two months, 6 earnings estimates for OR have been revised upwards, increasing the consensus estimate from $0.64 to $0.73 [9] - For the next fiscal year, 4 estimates have also moved upwards, with no downward revisions noted [9] Conclusion - Given the positive momentum indicators and earnings outlook, OR Royalties is positioned as a strong buy candidate for investors seeking short-term opportunities [11]
Reykjavík Energy | Strong First-Quarter Performance
Globenewswire· 2025-05-26 14:21
Financial Performance - Reykjavík Energy reported a profit of ISK 4.5 billion for the first three months of the year, compared to ISK 2.9 billion in the same period in 2024 [1] - Revenues increased by 7% year-on-year, while expenses declined by the same proportion [2] - Cash flow from operations rose to ISK 9.4 billion from ISK 8.0 billion in the same period last year [3] Operational Insights - Investment in fixed operational assets remained stable year-on-year at ISK 6.4 billion, primarily driven by Veitur Utilities for district heating system enhancements [3] - ON Power received a reimbursement of approximately ISK 450 million due to a correction in Landsnet's tariff schedule [2] Management Commentary - The CEO of Reykjavík Energy expressed satisfaction with the financial results, highlighting the company's growing capacity for essential investments and a decline in interest expenses [4]
Reykjavik Energy – Green Bond Series Offering Results OR180242 GB
Globenewswire· 2025-05-23 11:19
Group 1 - Reykjavik Energy concluded a green bond offering on May 23, 2025, increasing the size of the green bond series OR1802142 GB [1] - The company issued bonds amounting to ISK 5,300 million nominal value at a yield of 7.78% [1] - Following the increase, the total nominal value of bonds issued in the series reached ISK 11,538 million [1] Group 2 - Fossar Investment Bank is overseeing the issuance and sale of the bonds, as well as their admission to trading on the Nasdaq market in Iceland [1]
Looking for a Growth Stock? 3 Reasons Why Osisko Gold (OR) is a Solid Choice
ZACKS· 2025-05-22 17:46
Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying stocks that can fulfill their growth potential is challenging due to associated risks and volatility [1] Group 1: Company Overview - Osisko Gold Royalties (OR) is highlighted as a recommended growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 26.6%, with projected EPS growth of 41% this year, surpassing the industry average of 35.8% [4] Group 2: Financial Metrics - Current year cash flow growth for Osisko Gold is 12%, significantly higher than the industry average of -2.4% [5] - The annualized cash flow growth rate over the past 3-5 years is 14%, compared to the industry average of 4.9% [6] Group 3: Earnings Estimates - There has been an 8.5% upward revision in current-year earnings estimates for Osisko Gold over the past month, indicating a positive trend [7] - The combination of a Growth Score of B and a Zacks Rank 2 positions Osisko Gold favorably for potential outperformance [9]
Disclosure of total number of voting rights and number of shares in the capital at April 30, 2025
Globenewswire· 2025-05-12 13:09
French limited company (Société anonyme) with registered capital of 106,863,072.80 eurosRegistered office: 14, rue Royale, 75008 Paris632 012 100 R.C.S. ParisLegal Entity Identifier: 529900JI1GG6F7RKVI53 Disclosure of total number of voting rights and number of sharesin the capital at April 30, 2025 Pursuant to article L-233-8 II of the French “Code de Commerce” and 223-16 of the AMF's General Regulations: Total number of shares534,315,364Number of real voting rights (excluding treasury shares)533,856,397Th ...
Osisko Announces the Voting Results from Its Annual and Special Meeting of Shareholders
Globenewswire· 2025-05-08 21:39
MONTREAL, May 08, 2025 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) announces that it has completed its name change to “OR Royalties Inc.” and “Redevances OR Inc.” in French following receipt of shareholder approval at the annual and special meeting of shareholders held earlier today. The Corporation’s common shares will commence trading under the new name on the New York Stock Exchange and the Toronto Stock Exchange at the start of trading on May 13, 2025. ...
Osisko Declares 20% Increase in Second Quarter 2025 Dividend
Globenewswire· 2025-05-07 21:19
MONTREAL, May 07, 2025 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) is pleased to announce that the Board of Directors has approved a second quarter 2025 dividend of US$0.055 per common share, a 20% increase over the previous quarterly dividend, based on the foreign exchange rate (C$/US$) on the declaration date of the first quarter dividend. The dividend will be paid on July 15, 2025 to shareholders of record as of the close of business on June 30, 2025. This d ...
Osisko Reports Q1 2025 Results
Globenewswire· 2025-05-07 21:15
Core Viewpoint - Osisko Gold Royalties Ltd reported strong financial results for Q1 2025, with significant improvements in revenues, cash flows, and net earnings compared to the same period in 2024, indicating a solid start to the year and a positive outlook for achieving its annual guidance [1][4][7]. Financial Performance - The company earned 19,014 gold equivalent ounces (GEOs) in Q1 2025, a decrease from 22,259 GEOs in Q1 2024 [7]. - Revenues from royalties and streams increased to $54.9 million in Q1 2025, up from $45.0 million in Q1 2024 [7]. - Cash flows generated by operating activities were $46.1 million, compared to $37.4 million in Q1 2024 [7]. - The quarterly cash margin was $53.3 million or 97.1%, slightly up from $43.7 million or 97.0% in Q1 2024 [7]. - Net earnings reached $25.6 million, or $0.14 per basic share, compared to $11.2 million, or $0.06 per basic share in Q1 2024 [7]. - Adjusted earnings were $29.5 million, or $0.16 per basic share, compared to $22.0 million, or $0.12 per basic share in Q1 2024 [7]. Cash Management - The company reported a cash balance of $63.1 million and total debt of $74.3 million as of March 31, 2025 [7]. - A net repayment of $19.6 million was made under the revolving credit facility [7]. - The company declared a quarterly dividend of C$0.065 per common share, paid on April 15, 2025, to shareholders of record as of March 31, 2025 [7]. Strategic Initiatives - Upcoming catalysts include project financing initiatives for the Cariboo gold project and a new life-of-mine plan at Alamos Gold's Island Gold District [5]. - The anticipated implementation of the Scheme of Arrangement between Spartan Resources and Ramelius Resources could accelerate production from Dalgaranga to late 2025 [5]. Management Commentary - The President & CEO of Osisko expressed confidence in the company's ability to meet its 2025 guidance range of 80,000 to 88,000 GEOs earned, with expectations for sequential improvement in GEO deliveries throughout the year [4]. - The Board Chair acknowledged the contributions of departing Independent Director Joanne Ferstman, highlighting her leadership and dedication [5]. Company Overview - Osisko Gold Royalties Ltd is an intermediate precious metal royalty company with a portfolio of over 195 royalties, streams, and precious metal offtakes, including 21 producing assets [11]. - The cornerstone asset is a 3-5% net smelter return royalty on the Canadian Malartic Complex, one of Canada's largest gold mines [11].
Orkuveita Reykjavíkur – Green Bond Auction Results
Globenewswire· 2025-04-30 08:50
Group 1 - Reykjavík Energy concluded a green bond auction on April 29, 2025, with total bids amounting to ISK 1,750 million nominal value [1] - The OR031033 GB bond has a fixed nominal interest rate of 8.30% and a maturity date of October 3, 2033, with previous issuances totaling ISK 8,145 million [1] - The OR0280845 GB bond attracted bids totaling ISK 1,095 million at yields between 8.05% and 8.30%, with ISK 845 million accepted at a yield of 8.26% [2] - The OR0180255 GB bond had bids totaling ISK 350 million at yields between 3.80% and 3.88%, with ISK 150 million accepted at a yield of 3.82% [3] - The OR0180255 GB bond has a final maturity date of February 18, 2055, with previous issuances totaling ISK 38,216 million [3] - The OR0280845 GB bond carries a fixed interest rate of 3.70% and is redeemable in 2037, with previous issuances totaling ISK 7,850 million [2] Group 2 - The OR0180255 GB bond series attracted bids totaling ISK 305 million at a yield of 3.65%, with the entire amount accepted [4] - Fossar Investment Bank oversees the issuance and sale of the bonds, as well as their admission to trading on the Nasdaq market in Iceland [4]