Core Insights - Osisko Gold Royalties Ltd reported record annual revenues of US$191.2 million and record operating cash flows of US$159.9 million for the year 2024, marking significant growth compared to 2023 [1][4][11] Financial Highlights - The company expects to earn between 80,000-88,000 gold equivalent ounces (GEOs) in 2025, with an average cash margin of approximately 97% [4][12] - Revenues from royalties and streams reached US$191.2 million in 2024, up from US$183.2 million in 2023 [4] - Operating cash flows generated by the company were US$159.9 million in 2024, compared to US$138.4 million in 2023 [4] - Net earnings for 2024 were US$16.3 million, or US$0.09 per basic share, a recovery from a net loss of US$37.4 million, or US$0.20 per basic share, in 2023 [4] - Adjusted earnings were US$97.3 million, or US$0.52 per basic share, compared to US$74.1 million, or US$0.40 per basic share, in 2023 [4][29] Operational Highlights - The company committed over US$287.7 million across three new transactions in 2024, including a US$225 million gold stream agreement with SolGold plc and a US$50 million acquisition of gross revenue royalties from Tembo Capital Mining Fund II [4] - Osisko Bermuda received its first copper delivery from MAC Copper Limited under a copper stream agreement [4] - The company declared quarterly dividends totaling C$0.255 per common share in 2024, an increase from C$0.235 per common share in 2023 [4] 5-Year Outlook - Osisko anticipates its portfolio will generate between 110,000-125,000 GEOs by 2029, assuming production starts at several key projects [7][9] - The outlook includes expected contributions from ongoing mine expansions and new projects, with a robust growth trajectory of over 30% anticipated through 2029 [12][13]

Core Insights - L'Oréal achieved solid growth of +5.1%, outperforming the global beauty market, with record operating margins reaching 20% [2][10] - The company is optimistic about the global beauty market outlook for 2025, expecting continued growth supported by a robust pipeline of new product launches [5][10] Financial Performance - Total sales for 2024 amounted to €43.48 billion, reflecting a +5.6% increase reported and +5.1% like-for-like growth [10][22] - The operating profit increased by +6.7% to €8.69 billion, maintaining an operating margin of 20% [66][70] - Earnings per share rose to €12.66, marking a +4.8% increase [70][72] - The proposed dividend for the Annual General Meeting in April 2025 is €7.00 per share, up +6.1% from the previous year [74] Division Performance - **Professional Products**: Reported growth of +5.3% like-for-like and +5.0% reported, driven by strong momentum in premium haircare [24][25] - **Consumer Products**: Achieved +5.4% like-for-like and +5.3% reported growth, with L'Oréal Paris leading the performance [28][30] - **L'Oréal Luxe**: Grew +2.7% like-for-like and +4.5% reported, becoming the number one luxury beauty player in North America [31][32] - **Dermatological Beauty**: Experienced significant growth of +9.8% like-for-like and +9.3% reported, crossing the €7 billion sales mark for the first time [34][35] Regional Performance - **Europe**: Sales advanced +8.2% like-for-like and +9.3% reported, contributing significantly to overall growth [38][40] - **North America**: Grew +5.5% like-for-like and +5.9% reported, with L'Oréal Luxe becoming the top player in the luxury segment [42][43] - **North Asia**: Sales contracted by -3.2% like-for-like and -3.4% reported, primarily due to challenges in the Chinese market [47][49] - **SAPMENA-SSA**: Achieved +12.3% like-for-like and +12.0% reported growth, driven by strong performances in Australia, Thailand, and India [51][52] - **Latin America**: Sales increased by +11.0% like-for-like and +13.3% reported, with significant contributions from Mexico and Brazil [55][56] Strategic Developments - The company enhanced its marketing and R&I capabilities through AI and technology, and simplified its organizational structures [3][4] - L'Oréal made strategic acquisitions, including the Miu Miu license and the Korean brand Dr.G, to strengthen its portfolio [3][50] - The company received a platinum medal from EcoVadis, ranking it in the top 1% of companies for environmental and social performance [10]

Core Points - L'Oréal has agreed to sell approximately 29.6 million shares of Sanofi at €101.5 per share, totaling €3 billion, which will result in L'Oréal owning 7.2% of Sanofi's share capital and 13.1% of its voting rights after the transaction [1][2][9] - The transaction aims to optimize L'Oréal's balance sheet following recent acquisitions and diversify its financing sources, and it will be executed through an off-market block trade without any conditions [2][3] - L'Oréal's CFO expressed confidence in Sanofi's prospects and reaffirmed the company's commitment as a loyal shareholder, highlighting a trusted relationship built over more than 50 years [3][4] Company Overview - L'Oréal, a leading beauty player for 115 years, generated sales of €41.18 billion in 2023 and has a diverse portfolio of 37 international brands [4] - The company employs over 90,000 people and operates 20 research centers globally, focusing on innovation in beauty and aiming to become a Beauty Tech powerhouse [4]

Core Insights - Reykjavík Energy (RE) successfully concluded a green bond auction with total bids amounting to ISK 7,785 million nominal value across three bond classes [1][2][3]. Bond Classes Summary - **OR031033 GB**: - Fixed nominal interest of 8.30% with equal semi-annual payments and a maturity date of October 3, 2033 - Previous issuance amounted to ISK 6,390 million - Attracted bids totaling ISK 2,735 million at yields between 7.99% - 8.23%, with RE accepting ISK 1,205 million at a yield of 8.05% [1][2]. - **OR280845 GB**: - Fixed indexed interest of 3.70% with equal semi-annual payments and a maturity date of August 28, 2045 - Previous issuance amounted to ISK 4,770 million - Attracted bids totaling ISK 4,250 million at yields between 3.44% - 3.99%, with RE accepting ISK 3,000 million at a yield of 3.90% [3][4]. - **OR180255 GB**: - Fixed indexed interest of 2.60% with equal semi-annual payments and a maturity date of February 18, 2055 - Previous issuance amounted to ISK 36,966 million - Attracted bids totaling ISK 800 million at yields between 3.45% - 3.53%, with RE accepting ISK 450 million at a yield of 3.46% [4][5]. Additional Issuance - Reykjavík Energy plans to issue an additional ISK 480 million in each of the green bond classes OR031033 GB and OR280845 GB, which will not be sold to investors, to meet bond lending obligations under a market-making agreement [5]. Oversight and Trading - Fossar Investment Bank is responsible for overseeing the issuance and sale of the bonds, as well as their admission to trading on the Nasdaq market in Iceland, specifically for sustainable bonds [6].

Reykjavik Energy (Orkuveita Reykjavíkur; Orkuveitan) has signed agreements with Kvika banki hf., Landsbankinn hf. and Fossar Investment Bank hf., on market making in the secondary market for bonds issued by Reykjavik Energy with the tickers "OR031033 GB", "OR180242 GB", "OR280845 GB" and "OR180255 GB". The bonds have already been admitted to trading on Nasdaq Iceland. According to the agreement, the obligations of market makers took effect on 27 January 2025. Market making with OR 031033 GB and OR 280845 GB ...

Company Overview - L'Oréal is the world's leading beauty player with a history of 115 years dedicated to fulfilling global beauty aspirations [2] - The company operates with a broad portfolio of 37 international brands and emphasizes sustainability through its L'Oréal for the Future program [2] Financial Performance - In 2023, L'Oréal generated sales amounting to 41.18 billion euros, showcasing a strong market presence [3] - The company has a workforce of over 90,000 employees and maintains a balanced geographical footprint across various distribution networks [3] Research and Innovation - L'Oréal has established 20 research centers in 11 countries, supported by a dedicated team of over 4,000 scientists and 6,400 digital talents [3] - The focus is on inventing the future of beauty and positioning itself as a Beauty Tech powerhouse [3] Shareholder Information - As of December 31, 2024, L'Oréal has a total of 534,312,021 shares, with the same number of real voting rights [1]

Bond Auction Details - Reykjavík Energy is holding a bond auction on January 29, 2025, offering three green bond classes: OR031033 GB, OR280845 GB, and OR180255 GB [1] - OR031033 GB has a fixed nominal interest rate of 8.30%, pays semi-annual installments, and matures on October 3, 2033, with previously issued bonds totaling ISK 6,390 million [1] - OR280845 GB has a fixed indexed interest rate of 3.70%, pays semi-annual installments, matures on August 28, 2045, and is redeemable in 2037, with previously issued bonds totaling ISK 4,770 million [2] - OR180255 GB has a fixed indexed interest rate, pays semi-annual installments, matures on February 18, 2055, and has previously issued bonds totaling ISK 36,966 million [3] Bond Issuance and Trading - Fossar Investment Bank oversees the issuance, sale, and admission of the bonds to trading on the Nasdaq sustainable bonds market in Iceland [3] Auction Submission and Settlement - Bids must be submitted to utbod@fossar.is by UTC 17:00 on January 29, 2025, with transactions settling on February 5, 2025 [4] Contact Information - Snorri Hafsteinn Þorkelsson, CFO of Reykjavík Energy, can be contacted at +354 516 6100 or snorri.hafsteinn.þorkelsson@or.is [4] - Matei Manolescu of Fossar Investment Bank can be contacted at +354 522 4008 or matei.manolescu@fossar.is [4]

Osisko Gold Royalties (OR) disclosed a few details on preliminary deliveries, revenues and cash margins for the fourth quarter and 2024.Osisko Gold Achieves 2024 Targets Despite ChallengesOR reported 20,005 attributable gold equivalent ounces (“GEOs”) for the fourth quarter of 2024. This brings the total GEOs for 2024 to 80,740, within the company’s guided 77,000-83,000 GEOs.However, GEOs declined 14% from 2023, reflecting the impacts of the closure of the Renard diamond mine in the fourth quarter of 2023 a ...

Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

MONTRÉAL, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) is pleased to provide an update on its fourth quarter 2024 preliminary deliveries, revenues and cash margin, as well as on its cash and debt positions as of December 31st, 2024. All monetary amounts included in this report are expressed in Canadian dollars1, unless otherwise noted. PRELIMINARY Q4 2024 RESULTS Osisko earned 20,005 attributable gold equivalent ounces2 (“GEOs”) in the fourth quart ...