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Osisko Gold Royalties(OR) - 2022 Q4 - Annual Report
2023-03-30 21:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2023 Commission File Number: 001-37814 Osisko Gold Royalties Ltd (Translation of registrant's name into English) 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Qc H3B 2S2 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual rep ...
Osisko Gold Royalties(OR) - 2022 Q4 - Earnings Call Presentation
2023-02-24 18:44
SASA Macedonia | Central Asia Metals PLC 2023 will be a year of transition from the current sub-level caving mining method to cut and fill stoping17 � Declaration of a quarterly dividend of $0.055 per common share payable on April 14, 2023 to shareholders of record as of the close of business on March 31, 2023. RECORD CASH FLOWS GENERATED BY OPERATING ACTIVITIES FROM CONTINUING OPERATIONS (C$ M) $224.9M including offtakes 2022 FINANCIAL PERFORMANCE (CONT'D) $76.6 $85.3 2021 2022 2022 REVENUES BREAKDOWN 20 C ...
Osisko Gold Royalties(OR) - 2022 Q4 - Earnings Call Transcript
2023-02-24 18:44
Osisko Gold Royalties Ltd (NYSE:OR) Q4 2022 Earnings Conference Call February 24, 2023 10:00 AM ET Company Participants Sandeep Singh - President & CEO Frederic Ruel - VP, Finance & CFO Conference Call Participants Cosmos Chiu - CIBC John Tumazos - John Tumazos Independent Research Ralph Profiti - Eight Capital Operator Good morning, ladies and gentlemen, and welcome to the Osisko Gold Royalties Q4 2022 Results Conference Call. After the presentation, we will conduct a question-and-answer session. [Operator ...
Osisko Gold Royalties(OR) - 2022 Q3 - Earnings Call Presentation
2022-11-11 01:34
● OSISKO GOLD ROYALTIES Q3 2022 RESULTS November 10, 2022 WWW.OSISKOGR.COM | NYSE&TSX:OR FORWARD LOOKING STATEMENTS Certain statements contained in this presentation may be deemed "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking statements are statements other than statements of historical fact, that address, without limitati ...
Osisko Gold Royalties(OR) - 2022 Q3 - Earnings Call Transcript
2022-11-11 01:34
Osisko Gold Royalties Ltd (NYSE:OR) Q3 2022 Earnings Conference Call November 10, 2022 10:00 AM ET Company Participants Sandeep Singh - President and Chief Executive Officer Frédéric Ruel - Chief Financial Officer and Vice President, Finance Conference Call Participants Trevor Turnbull - Scotia Bank Operator Good morning ladies and gentlemen, and welcome to the Osisko Gold Royalties Q3 2022 Results Conference Call. [Operator Instructions] Please note that this call is being recorded today, November 10, 2022 ...
Osisko Gold Royalties(OR) - 2022 Q2 - Earnings Call Transcript
2022-08-11 02:45
Financial Data and Key Metrics Changes - Osisko Gold Royalties recorded revenues of $51.5 million in Q2 2022, up from $50.7 million in Q1 2022 and $49.9 million in Q2 2021 [44] - Consolidated net earnings to Osisko shareholders were $17.2 million or $0.09 per share, compared to a net loss of $14.8 million or $0.09 per share in Q2 2021 [45] - Adjusted earnings for the royalty business amounted to CAD 25.7 million or CAD 0.14 per share, while an adjusted loss of $30 million from Osisko Development resulted in a consolidated adjusted loss of $4.7 million or $0.03 per share [46] Business Line Data and Key Metrics Changes - The company delivered 22,200 GEOs in Q2 2022, an increase from 20,000 GEOs in Q2 2021, contributing to a gross profit of $35.9 million [47] - Cash margin from royalties reached $34.4 million, while cash margin from streams amounted to $13.4 million, resulting in a quarterly record of $47.8 million or 93% [48] Market Data and Key Metrics Changes - The company expects a significant uptick in GEO deliveries in the second half of the year, driven by core assets that continue to perform well despite some assets not being at full capacity [5][12] - The diamond market has seen a step change, with average prices reaching $124 per carat in Q2 2022, compared to pre-COVID levels of around $70 [27] Company Strategy and Development Direction - The company aims to focus on organic growth and is not looking to stretch for growth through acquisitions that would dilute existing shareholder value [59] - Osisko Gold Royalties is optimistic about the second half of the year, with expectations of strong cash margins and operating cash flows from royalty and stream interests [51] Management's Comments on Operating Environment and Future Outlook - Management noted that the backdrop for gold remains strong despite market volatility, and they expect to benefit from opportunities in a tightening capital market [10][60] - The company is focused on improving its financial reporting clarity by reducing the noise from the consolidation with Osisko Development [67] Other Important Information - The company repaid its credit facility in full, leaving it with $650 million available under its credit facility [50] - Osisko Gold Royalties has returned over $204 million to shareholders since its inception, with a dividend yield of approximately 1.7% [48] Q&A Session Summary Question: What were the drivers behind the $20 million investment at Tintic? - The investment was based on the financing success of Osisko Development, which raised approximately CAD 230 million, leading to a lower funding requirement from Osisko Gold Royalties [55][56] Question: Is there increased competition in the streaming market affecting valuations? - Management acknowledged the competitive nature of the market but emphasized that they do not need to stretch for growth and have a strong pipeline of organic growth opportunities [58][60] Question: How should investors think about tax bills going forward? - Most taxes for 2022 are deferred taxes, with cash taxes expected to start in 2023 and more significantly in 2024 [65][66] Question: What is the status of consolidation with Osisko Development? - Management is focused on reducing the noise from consolidation and is in discussions with auditors to clarify financial reporting [67] Question: When should production start at San Antonio? - A trickle of ounces is expected to come from stockpiles, with more meaningful production dependent on permitting for the larger oxide project [70][72] Question: What is the expected mine life for Renard? - The mine life is still being assessed, but there are opportunities for extension through further development [90][91] Question: How much does Osisko Gold Royalties hold in other spin-offs? - The company holds significant shares in Osisko Development and Osisko Mining, with smaller positions in other early-stage companies [96] Question: When is the largest year-to-year growth expected? - The company projects a growth from 80,000 ounces last year to 130,000 to 140,000 ounces by 2026, with significant contributions expected from various assets [98]
Osisko Gold Royalties(OR) - 2022 Q2 - Quarterly Report
2022-08-09 21:44
OSISKO GOLD ROYALTIES LTD . . . . . . . . . . . . . . . . . . Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2022 Osisko Gold Royalties Ltd Consolidated Balance Sheets (Unaudited) (tabular amounts expressed in thousands of Canadian dollars) | | | June 30, | December 31, | | --- | --- | --- | --- | | | | 2022 | 2021 | | | Notes | $ | $ | | Assets | | | | | Current assets | | | | | Cash | 5 | 449,283 | 115,698 | | Amounts receivable | | 27,736 | 14,69 ...
Osisko Gold Royalties(OR) - 2022 Q1 - Earnings Call Presentation
2022-05-13 13:01
● OSISKO GOLD ROYALTIES Q1 2022 RESULTS May 12, 2022 WWW.OSISKOGR.COM | NYSE&TSX:OR FORWARD LOOKING STATEMENTS Certain statements contained in this presentation may be deemed "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking statements are statements other than statements of historical fact, that address, without limitation, f ...
Osisko Gold Royalties(OR) - 2022 Q1 - Earnings Call Transcript
2022-05-12 14:35
Osisko Gold Royalties (NYSE:OR) Q1 2022 Earnings Conference Call May 12, 2022 8:00 AM ET Company Participants Sandeep Singh – President and Chief Executive Office Frederic Ruel – Vice President of Finance and Chief Financial Officer Conference Call Participants Trevor Turnbull – Scotiabank Operator Good morning, ladies and gentlemen. And welcome to the Osisko Gold Royalties Q1 2022 Results Conference Call. After the presentation, we will conduct a question-and-answer session. [Operator Instruction] Please n ...
Osisko Gold Royalties(OR) - 2022 Q1 - Quarterly Report
2022-05-12 12:19
OSISKO GOLD ROYALTIES LTD . . . . . . . . . . . . . . . . . . Unaudited Condensed Interim Consolidated Financial Statements For the three months ended March 31, 2022 Osisko Gold Royalties Ltd Consolidated Balance Sheets (Unaudited) (tabular amounts expressed in thousands of Canadian dollars) | | | March 31, | December 31, | | --- | --- | --- | --- | | | | 2022 | 2021 | | | Notes | $ | $ | | Assets | | | | | Current assets | | | | | Cash | 4 | 449,450 | 115,698 | | Restricted cash | 12 | 206,490 | - | | Shor ...