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Osisko Gold Royalties Ltd
Symbol OR
Shares Issued 165,091,501
Close 2020-07-09 C$ 14.62
Market Cap C$ 2,413,637,745
Recent Sedar Documents

Osisko Gold records $40.8M in preliminary Q2 revenue

2020-07-09 08:18 ET - News Release

Mr. Sean Roosen reports

OSISKO PROVIDES UPDATE ON DELIVERIES RECEIVED FOR THE SECOND QUARTER OF 2020

Osisko Gold Royalties Ltd. has received approximately 12,300 attributable gold equivalent ounces (GEOs) and recorded preliminary revenues of $40.8-million during the three months ended June 30, 2020. Preliminary cost of sales, excluding depletion, was $13.0-million resulting in a cash operating margin of approximately $27.8-million. Excluding offtakes, Osisko's cash operating margin on royalties and streams reached a record of 94.8 per cent during the second quarter of 2020.

As a result of the COVID-19 pandemic, several of the company's assets were temporarily placed on care and maintenance by its operating partners during the second quarter, but the affected assets have now largely resumed operations.

Sean Roosen, chair and chief executive officer of Osisko, commented: "In Q2, many of our assets were impacted by COVID-19, especially in Quebec where mining was not deemed an essential service for some time. We support the actions taken by our operating partners to safeguard their employees, communities and as a result the assets themselves. For Osisko, that translated into a short revenue deferral on certain assets."

Q2 2020 results and conference call details

The corporation also provides notice of the second quarter 2020 results and conference call details, which will be released after market close on Wednesday, Aug. 5, 2020, followed by a conference call on Thursday, Aug. 6, 2020, at 10 a.m. EDT. Participants to the call must register first.

Once you register, you will receive a confirmation which will have the dial-in number and both the direct event passcode and your unique registrant ID to join this call. For security reasons, please do not share this information with anyone else.

You can alternatively, preregister by phone via 1-888-869-1189 and provide the conference ID which is 7026109 to the live agent who will take the details from you live. Please preregister in advance of the call.

The conference call replay will be available from 1 p.m. EDT on Aug. 6, 2020, until 11:59 p.m. EDT on Aug. 13, 2020, with the following dial-in numbers: 1-800-585-8367 (North American toll-free) or 1-416-621-4642, access code 7026109. The replay will also be available on the company's website.

About Osisko Gold Royalties Ltd.

Osisko Gold Royalties is an intermediate precious metal royalty company focused on the Americas that commenced activities in June, 2014. Osisko holds a North American-focused portfolio of over 135 royalties, streams and precious metal offtakes.

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