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Osisko Gold Royalties (OR) Reports Q3 EPS of $0.04

November 6, 2018 5:09 PM

Osisko Gold Royalties (NYSE: OR) reported Q3 EPS of $0.04. Revenue for the quarter came in at $111.7 million.

Sean Roosen, Chair and Chief Executive Officer commented on the 2018 activities: “Osisko’s performance during the first nine months of 2018 demonstrates its unique approach to investing in all areas of the mine development cycle and its dedication to creating its own high-return and high-margin investment opportunities, adding near, medium and long-term cash flow to its growth pipeline.

Our amendment of the Renard stream will add immediate cash flow starting in Q4 of 2018, our investment in Victoria Gold Corp. and the Eagle royalty will add significant cash flow starting in 2020, while our investment in the Horne 5 stream brings in a new generation of assets that will become anchor assets within Osisko’s portfolio.

During the first nine months of 2018, Osisko continued to increase its royalty and overall exposure to the most prospective exploration camps in Canada, being the Cariboo gold camp and the Urban Barry camp (hosting the Windfall Lake project). Osisko strongly believes that acquiring royalties on mining camps will deliver strong returns to its shareholders.

All of these investments have increased Osisko’s Canadian footprint, confirming Osisko as the leading Canadian royalty company.”

For earnings history and earnings-related data on Osisko Gold Royalties (OR) click here.

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