Osisko Gold Royalties(OR) Newsfilter·2025-02-19 22:19Core Points - Osisko Gold Royalties Ltd reported consolidated financial results for the year 2024, achieving record revenues and cash flows, with a net earnings turnaround from a loss in 2023 to a profit in 2024 [1][5][12]. Financial Highlights - The company earned 80,740 gold equivalent ounces (GEOs) in 2024, a decrease from 94,323 GEOs in 2023 [5]. - Revenues from royalties and streams reached a record 183.2 million in 2023 [5]. - Cash flows from operating activities were 138.4 million in 2023 [5]. - Net earnings were 0.09 per basic share, reversing a net loss of 0.20 per basic share, in 2023 [5]. - Adjusted earnings were 0.52 per basic share, compared to 0.40 per basic share, in 2023 [5]. Other Highlights - The company made net repayments of 59.1 million and outstanding debt of 287.7 million across three new transactions, including a 0.255 per common share in 2024, an increase from C$0.235 per common share in 2023 [5]. Guidance for 2025 and 5-Year Outlook - For 2025, Osisko expects GEOs earned to range between 80,000 and 88,000, with an average cash margin of approximately 97% [4][6]. - The 5-year outlook anticipates the portfolio will generate between 110,000 and 125,000 GEOs by 2029, assuming production starts at key projects [8][10]. - The guidance incorporates expected contributions from various assets transitioning from development to production, with a focus on the second half of 2025 for increased GEO deliveries [13][14]. Management Commentary - The President & CEO highlighted 2024 as a solid year for Osisko, marked by record revenues and cash flows, and emphasized the company's improved balance sheet following significant debt repayments [12][13].