Osisko Gold Royalties Ltd (NYSE:OR)
$ 20.54 0.22 (1.08%) Market Cap: 3.81 Bil Enterprise Value: 3.84 Bil PE Ratio: 0 PB Ratio: 3.20 GF Score: 74/100
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Q3 2024 Osisko Gold Royalties Ltd Earnings Call Transcript

Nov 06, 2024 / 10:00PM GMT
Release Date Price: $20.32 (-0.78%)

Key Points

Positve
  • Osisko Gold Royalties Ltd (OR) achieved a cash margin of 96.3% in Q3 2024, highlighting its strong profitability.
  • The company earned 18,408 gold equivalent ounces in Q3, positioning it well to meet its full-year guidance of 77,000 to 83,000 gold equivalent ounces.
  • Osisko Gold Royalties Ltd (OR) completed the acquisition of a 1.8% gross revenue royalty on Spartan Resources' Dalgaranga gold project, enhancing its portfolio.
  • The company reduced its net debt to just over $20 million, significantly improving its financial flexibility.
  • Osisko Gold Royalties Ltd (OR) declared its 40th consecutive quarterly dividend, demonstrating a strong commitment to returning capital to shareholders.
Negative
  • Quarterly revenues of $57.3 million were modestly lower compared to Q3 2023, partly due to the suspension of the Eagle Mine.
  • The company faced a delay in receiving revenue from nearly 600 gold equivalent ounces due to a Canadian holiday, impacting Q3 results.
  • Production at Capstone Copper's Mantos Blancos operation was lower year-over-year due to unplanned downtime and lower throughput.
  • Osisko Gold Royalties Ltd (OR) only managed to repurchase 26,000 shares during the quarter, indicating limited buyback activity.
  • The transition to reporting in US dollars from Q4 2024 onwards may introduce currency-related complexities.
Operator

Good afternoon, ladies and gentlemen and welcome to the Cisco Gold Royalties Q3 2024 results conference call. After the presentation, we will conduct a question and answer session. If you would like to ask a question, please press star followed by the one on your touchtone phone.

Please note that this call is being recorded today. November 6th 2024 at 5 p.m. Eastern time. I would now like to turn the meeting over to our host for today's call, Mr. Jason DEA Roy Jason.

Jason Attew
Osisko Gold Royalties Ltd - President, Chief Executive Officer, Director

Joel. Good evening, everybody. And thanks for being on today's call. I'm Jason Attu, President and CEO of a Cisco Gold Royalties.

Procedurally, I'll run through the presentation and then we'll open up the line for questions for those participating online via the webcast. You can submit your questions in advance through the webcast platform.

Today's presentation will also be available and downloadable online through our corporate website.

Please note there are forward-looking

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