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Osisko Gold Royalties Ltd (the "Corporation" or "Osisko") (OR: TSX & NYSE) is pleased to provide an update on its second quarter 2023 deliveries, revenues, cash margin and recent asset advancements. All monetary amounts included in this report are expressed in Canadian dollars, unless otherwise noted.
PRELIMINARY Q2 2023 RESULTS
Osisko earned approximately 24,645 attributable gold equivalent ounces1 ("GEOs") in the second quarter of 2023, including 1,527 GEOs earned from the recently acquired CSA silver stream, for which revenues are expected to be recognized in the third quarter of 2023.
Osisko recorded preliminary revenues from royalties and streams of $60.5 million during the second quarter and preliminary cost of sales (excluding depletion) of $4.3 million, resulting in a quarterly cash margin2 of approximately $56.2 million (or 93%).
Paul Martin, Interim CEO of Osisko, commented: "It is a privilege to be granted the opportunity to become Interim CEO of Osisko, a leading royalty company with an exceptional portfolio of assets. I look forward to overseeing management's continued execution of its successful strategy of originating and delivering high quality royalty and streaming transactions while the board continues its search for the next leader of the company."
Osisko will provide full production and financial details with the release of its second quarter 2023 results after market close on Wednesday, August 9th, 2023 followed by a conference call on Thursday, August 10th at 10am ET. More details are provided at the end of this release.
Posted In: OR
