Core Insights - Osisko Gold Royalties Ltd reported preliminary results for Q1 2025, highlighting a strong performance with record cash margins and significant revenues from royalties and streams [2][3]. Financial Performance - The company earned 19,014 attributable gold equivalent ounces (GEOs) in Q1 2025 [2]. - Preliminary revenues from royalties and streams amounted to $54.9 million, with a cost of sales (excluding depletion) of $1.6 million, resulting in a cash margin of approximately $53.3 million, equating to a record cash margin of 97.1% [2][12]. - Compared to Q1 2024, revenues increased from $45.0 million to $54.9 million, while cash margin in dollars rose from $43.7 million to $53.3 million [12]. Cash and Debt Position - As of March 31, 2025, Osisko's cash position was approximately $63.1 million, following a net repayment of $19.6 million on its revolving credit facility during the quarter [3]. - The outstanding balance on the revolving credit facility was $74.3 million at the end of March 2025, with an additional $308.2 million available to be drawn, plus an uncommitted accordion of C$200 million [3]. - Subsequent to the quarter end, the company paid down an additional $25.0 million against its revolving credit facility, reducing the outstanding balance to $49.3 million [4]. Upcoming Events - Osisko has scheduled a conference call to discuss the Q1 2025 results on May 8, 2025, at 10:00 am ET [5][6].
Osisko Announces Preliminary Q1 2025 GEO Deliveries and Strong Quarterly Cash Margin