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Osisko Gold Royalties Ltd (the "Corporation" or "Osisko") (OR: TSX & NYSE) is pleased to provide an update on its first quarter 2024 deliveries, revenues and cash margin, as well as on its cash and debt positions as of March 31st, 2024. In addition, Osisko is excited to provide some select asset updates. All monetary amounts included in this report are expressed in Canadian dollars, unless otherwise noted.
PRELIMINARY Q1 2024 RESULTS
Osisko earned 22,259 attributable gold equivalent ounces1 ("GEOs") in the first quarter of 2024.
Osisko recorded preliminary revenues from royalties and streams of $60.7 million during the first quarter and preliminary cost of sales (excluding depletion) of $1.8 million, resulting in a quarterly cash margin2 of approximately $58.9 million (or 97%).
As of March 31st, 2024, Osisko's cash position was approximately $70.6 million, following a $43.6 million repayment on the Corporation's revolving credit facility during the first quarter. The Corporation's revolving credit facility was drawn by $151.9 million at the end of March 2024, with an additional amount of $398.1 million available to be drawn plus the uncommitted accordion of up to $200.0 million.
Posted In: OR
