Osisko Gold Royalties Reports Q1 2024 Results

Strong operating cash flows of $50.4 million, cash margin of 97%, and 8% increase in quarterly dividend

MONTRÉAL, May 08, 2024 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) today announced its consolidated financial results for the first quarter of 2024. Amounts presented are in Canadian dollars, except where otherwise noted.

Highlights

• 22,259 gold equivalent ounces¹ (“GEOs”) earned (23,111 GEOs in Q1 2023);
• Revenues from royalties and streams of $60.8 million ($59.6 million in Q1 2023);
• Cash flows generated by operating activities of $50.4 million ($45.5 million in Q1 2023);
• Cost of sales of $1.8 million, resulting in a quarterly cash margin² of 97% ($58.9 million);
• Net earnings of $15.1 million, $0.08 per basic share ($20.8 million, $0.11 per basic share in Q1 2023);
• Adjusted earnings² of $29.7 million, $0.16 per basic share ($25.2 million, $0.14 per basic share in Q1…