Osisko Gold Royalties
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Reykjavík Energy | Green Bond Auction June 19th
Globenewswire· 2025-06-12 21:46
Group 1 - Reykjavík Energy is conducting a bond auction on June 19, 2025, offering three classes of green bonds: OR031033 GB, OR280845 GB, and OR180255 GB [1][2][3] - OR031033 GB has a fixed nominal interest rate of 8.30%, with equal semi-annual payments and a maturity date of October 3, 2033. Previously issued bonds in this class totaled ISK 8,990 million [1] - OR0280845 GB carries a fixed interest rate of 3.70%, with equal semi-annual payments and a maturity date of August 28, 2045. This bond is redeemable in 2037, with previous issuances totaling ISK 8,000 million [2] - OR180255 GB has a fixed interest rate of 2.60%, with equal semi-annual payments and a maturity date of February 18, 2055. Previous issuances in this class amounted to ISK 38,521 million [3] Group 2 - The bond issuance and sale are overseen by Fossar Investment Bank hf., which also manages their admission to trading on the Nasdaq sustainable bonds market in Iceland [3] - Bids for the bonds must be submitted by email before UTC 17:00 on June 19, 2025, with transactions settled on June 26, 2025 [4] - Contact information for key personnel involved in the bond auction is provided, including the CFO of Reykjavík Energy and representatives from Fossar Investment Bank [4]
L’ORÉAL ANNOUNCES LAUNCH OF NEW EMPLOYEE SHARE PLAN
Globenewswire· 2025-06-10 16:05
Core Points - L'Oréal has launched its fifth employee share ownership plan, allowing employees to purchase shares and participate in the company's development [1][2] - The plan will be available in 62 countries and offers a maximum of 300,000 shares, which is an increase of 25,000 shares compared to the previous year [1][2][7] - Currently, over 45,000 employees, nearly half of the workforce, are shareholders, reflecting the company's commitment to sharing economic value [2] Financial Details - The share purchase price is based on the average opening price of L'Oréal shares on the Euronext Paris exchange over the twenty trading days prior to June 6, 2025, with a 20% discount applied [3] - The subscription period for the share purchase will run from June 11, 2025, to June 25, 2025, with settlement planned for July 29, 2025 [7] Company Overview - L'Oréal has been a leader in the beauty industry for 115 years, focusing on fulfilling consumer beauty aspirations while committing to social and environmental sustainability [5] - The company generated sales of €43.48 billion in 2024 and employs over 90,000 people globally [6]
OR Royalties Announces Increase of Credit Facility and Positive Net Cash Position
Globenewswire· 2025-06-09 21:01
Core Viewpoint - OR Royalties Inc. has successfully amended its revolving credit facility, increasing its total availability to $850 million and converting it to a U.S. dollar denominated facility, reflecting confidence in its long-term growth prospects [1][2][4]. Credit Facility Details - The amended Credit Facility provides access to $650 million with an additional uncommitted accordion of up to $200 million, totaling $850 million, compared to the previous maximum of C$550 million [2]. - Advances under the amended Credit Facility will incur interest at the Secured Overnight Financing Rate (SOFR) or Canadian Overnight Repo Rate Average (CORRA) plus 1.45% to 2.75% per annum, based on the Company's leverage ratio, consistent with the previous agreement [3]. - The Credit Facility has a term of four years, maturing on May 30, 2029 [3]. Management Commentary - The President & CEO of OR Royalties emphasized that the expansion of the Credit Facility highlights the strength of the asset portfolio and positions the company well for strategic growth opportunities [4]. - The company has achieved a positive net cash position due to robust operating cash flows and disciplined capital allocation, reinforcing its financial foundation [4]. Acquisition Update - OR Royalties holds 4,000,000 shares of MAC Copper, valued at $49.0 million under a binding acquisition agreement with Harmony Gold Mining Company, expected to strengthen OR Royalties' balance sheet upon closing [5]. Company Overview - OR Royalties Inc. is an intermediate precious metal royalty company with a North American portfolio of over 195 royalties, streams, and precious metal offtakes, including 21 producing assets, anchored by a significant net smelter return royalty on the Canadian Malartic Complex [6].
BioSig & Streamex Appoint Parcl Co-Founders Trevor Bacon and Kellan Grenier as Strategic Advisors
Globenewswire· 2025-06-09 14:30
Company Overview - BioSig Technologies, Inc. has acquired Streamex Exchange Corporation as a wholly owned subsidiary in May 2025 [1] - BioSig is focused on redefining cardiac care through advanced signal processing and digital solutions, with its flagship product being the PUREEP™ Platform [8] - Streamex specializes in real-world asset (RWA) tokenization, particularly in the commodities space, aiming to revolutionize commodity finance [9][10] Strategic Appointments - Trevor Bacon and Kellan Grenier, co-founders of Parcl, have been appointed as Strategic Advisors to BioSig and Streamex [1] - Their expertise lies in decentralized finance, synthetic asset creation, and real-world asset tokenization, which aligns with BioSig and Streamex's mission [1][5] Parcl Overview - Parcl is a blockchain-native platform that allows users to speculate on real estate price movements through synthetic, perpetual trading without owning physical properties [2] - The platform is built on Solana and has become a leading protocol in bridging real estate and decentralized finance [2] Advisory Board Composition - The advisory board now includes notable figures such as Frank Giustra, Sean Roosen, and Mathew August, alongside Trevor Bacon and Kellan Grenier [6][7] - Each advisor brings significant experience from various sectors, including commodities, mining, and capital markets [7] Future Vision - BioSig and Streamex aim to scale their infrastructure for tokenizing and trading real-world assets, particularly in illiquid and fragmented markets [5] - The tokenization of real-world assets is expected to transform access and investment opportunities for institutions and individuals [5]
BioSig & Streamex Appoint Co-Founder of the Osisko Group & Mining Visionary, Sean Roosen as Strategic Advisor
Globenewswire· 2025-06-04 12:25
Core Insights - BioSig Technologies, Inc. has appointed Sean Roosen as Strategic Advisor to its wholly owned subsidiary, Streamex Exchange Corporation, following its acquisition in May 2025 [1] - Sean Roosen is a prominent figure in the mining industry with over 30 years of experience, having founded and led multiple successful resource ventures [2][3] - Streamex aims to revolutionize commodity markets through real-world asset tokenization, enhancing liquidity and accessibility in the financial sector [6][8] Company Overview - BioSig Technologies, Inc. is a medical device technology company known for its PURE EP™ Platform, which aids electrophysiologists in treating cardiovascular arrhythmias [9] - Streamex focuses on tokenizing real-world assets in the commodities space, developing infrastructure for primary issuance and exchange [6][8] Leadership and Expertise - Sean Roosen has a notable track record, including founding Osisko Development Corp. and leading Osisko Mining Corporation, which developed the Canadian Malartic mine [2][3] - The advisory board of Streamex includes other industry leaders, such as Frank Giustra, who has founded companies with significant market capitalizations [7] Strategic Vision - The company believes in the future of finance being driven by tokenization and decentralized markets, aiming to bridge traditional finance with the digital economy [8] - Roosen expressed enthusiasm about joining Streamex, highlighting the potential of bringing the resource sector into the digital age through tokenized assets [5]
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]