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(Wallace Refiners) – Osisko Gold Royalties (OR: TSX & NYSE) today announced that it has earned 66,113 GEOs in 2020, above the revised guidance of 63,500 – 65,500 GEOs.
The company said it has achieved record revenues from royalties and streams of $156.6 million (2019 – $140.1 million) and record cash flows from operations of $108.0 million, an increase of 18% compared to 2019.
Net earnings attributable to Osisko’s shareholders were $16.9 million or $0.10 per share; adjusted earnings were $43.7 million or $0.27 per basic share (2019 – $41.9 million, $0.28 per basic share).
Osisko also announced a first quarter 2021 dividend of C$0.05 per common share. The dividend will be paid on April 15, 2021 to shareholders of record as of the close of business on March 31, 2021.
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 140 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.