Osisko Gold ( (OR) ) has released its Q4 earnings. Here is a breakdown of the information Osisko Gold presented to its investors.
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Osisko Gold Royalties Ltd is an intermediate precious metal royalty company with a North American-focused portfolio, including over 185 royalties, streams, and precious metal offtakes, primarily centered around gold operations. The company has a significant asset in the Canadian Malartic Complex, one of Canada’s largest gold operations.
The company recently reported record-breaking financial results for 2024, with annual revenues reaching US$191.2 million and operating cash flows of US$159.9 million. This marks a significant turnaround from the previous year’s net loss to a net earnings of US$16.3 million. Osisko also provided guidance for 2025 and a new five-year outlook.
Key highlights from the 2024 financial performance include earning 80,740 gold equivalent ounces, achieving record revenues from royalties and streams, and generating record cash flows from operating activities. The company made notable strategic investments, such as a gold stream on SolGold’s Cascabel project and a gross revenue royalty on Spartan Resources’ Dalgaranga project. Furthermore, the company reduced its revolving credit facility by US$49.7 million, ending the year with a cash balance of US$59.1 million and outstanding debt of US$93.9 million.
Looking ahead, Osisko has set a 2025 guidance expecting to earn between 80,000 and 88,000 gold equivalent ounces. The company anticipates significant growth over the next five years, projecting the portfolio to generate between 110,000 and 125,000 gold equivalent ounces by 2029. This growth is expected to be driven by the commencement of production at key projects and expansions by operating partners.
Overall, Osisko’s management remains optimistic about the company’s growth trajectory, with expectations of over 30% growth by 2029. The company plans to continue leveraging its improved balance sheet to pursue additional growth opportunities, while also focusing on asset development timelines and associated cash flow contributions.
