Osisko Gold Royalties (TSX: OR) last night after the bell revealed preliminary fourth quarter 2021 results. The firm on a preliminary basis achieved its prior guidance, with a total of 19,830 attributable gold equivalent ounces in the quarter.
With 19,830 GEO’s in the fourth quarter, the firm’s total for the full fiscal year is 80,000 GEO’s, which fell at the exact midpoint of its 2021 guidance. The firm had previously guided to between 78,000 and 82,000 GEO’s. The figures reportedly exclude a further 9,210 GEO’s from a diamond stream.
In dollar terms, the company indicated that it produced revenues of approximately $50.7 million for the fourth quarter, with a cost of sales of $3.7 million. The result is a cash margin of $47.0 million, which is said to be a record for the company.
Full financial results are expected to be released on February 24 after market close.
Osisko Gold Royalties last traded at $14.68 on the TSX.
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