Osisko Gold Royalties (TSX: OR) this morning released preliminary results for its fourth quarter. The company reported that it saw production of 20,005 attributable gold ounces during the quarter.
Preliminary revenues for the quarter came in at $79.3 million, while cost of sales, excluding depletion, is estimated as having come in at $3.1 million, leading to quarterly cash margin of $76.3 million, which is a new record for the company.
For the full fiscal year, total gold equivalent ounces produced amounted to 80,740, meeting the midpoint of prior guidance for the year, which called for 77,000 to 83,000 ounces of production on an equivalent basis. Production however declined by 14% on a year over year basis, a result of the Renard diamond mine ending production in 2024, along with the impact of the failure at Victoria Gold’s Eagle Mine last year.
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Preliminary revenues for the full year meanwhile have hit $262.2 million, a new record for the company, while cost of sales are estimated at $9.3 million, leading to annual cash margin of $252.9 million.
Osisko ended the year with a cash position of $85.0 million, while $135.1 million remains drawn on its revolving credit facility.
Full financial results are slated to be released on February 19 after market close.
Osisko Gold Royalties last traded at $26.06 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
