Source: Osisko Gold Royalties Ltd.
  • Osisko Gold Royalties Ltd. (OR) earned 89,367 gold equivalent ounces (GEOs), an annual record and an increase of 12 per cent over 2021 (80,000 GEOs)
  • It received record revenues from royalties and streams of C$217.8 million (2021 – $199.6 million; $224.9 million including offtakes)
  • For its 2023 outlook, Osisko expects GEOs earned to range between 95,000 to 105,000 GEOs in 2023 at an average cash margin of 93 per cent
  • For the next five years, the company expects its portfolio to generate between 130,000 and 140,000 GEOs in 2027
  • Osisko Gold Royalties Ltd. is an intermediate precious metal royalty company which holds a North American-focused portfolio of over 180 royalties
  • Osisko Gold Royalties Ltd. (OR) opened trading at C$16.95 per share

Osisko Gold Royalties (OR) has released its full-year 2022 consolidated financial results.

The company has also provided guidance for 2023 as well as its updated five-year growth outlook.

Highlights of the 2022 financial results include the de-consolidation of Osisko Development Corp. as of September 30, 2022.

The company earned 89,367 gold equivalent ounces (GEOs), an annual record and an increase of 12 per cent over 2021 (80,000 GEOs).

It received record revenues from royalties and streams of C$217.8 million (2021 – $199.6 million; $224.9 million including offtakes). In addition, it achieved record cash flows generated by operating activities from continuing operations of $175.1 million (2021 – $153.2 million).

Furthermore, the company executed a bought-deal public offering of 18,600,000 common shares at a price of US$13.45 per common share for total gross proceeds of US$250.2 million.

“As discussed in our Q4 2022 preliminary results release, Osisko had an exceptional year in 2022,” said Sandeep Singh, President and CEO of Osisko.

“We had successive quarters of record GEO deliveries, revenues and cash margins; we were active on several high-quality transactions and returned capital to shareholders via dividends and share buy-backs,”

For its 2023 outlook, Osisko expects GEOs earned to range between 95,000 to 105,000 GEOs in 2023 at an average cash margin of 93 per cent.

For the next five years, the company expects its portfolio to generate between 130,000 and 140,000 GEOs in 2027. The outlook assumes the commencement of production at the San Antonio, Cariboo, Windfall and Back Forty projects.

Beyond this growth profile, Osisko owns several other growth assets, which have not been factored into the five-year outlook, as their timelines are either later or less clear.

Osisko Gold Royalties Ltd. is an intermediate precious metal royalty company which holds a North American-focused portfolio of over 180 royalties, streams and precious metal offtakes.

Osisko Gold Royalties Ltd. (OR) opened trading at C$16.95 per share.


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