Osisko Reports Second Quarter 2018 Results

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Go back to Osisko Reports Second Quarter 2018 Results

Osisko Gold Royalties (OR) Reports Q2 EPS of $0.10

August 2, 2018 5:31 PM EDT

Osisko Gold Royalties (NYSE: OR) reported Q2 EPS of $0.10. Revenue for the quarter came in at $137.82 million.

Highlights

Earned 20,506 gold equivalent ounces1 (GEOs), in-line with the 2018 annual guidance of 77,500 to 82,500 GEOs, given the results to date and various assets in ramp-up, we expect a strong production during the second half of 2018 and steady production increases through 2019 and 2020;Generated cash flows from operating activities of $19.7 million, which represents a 40% increase compared to the second quarter of 2017;Recorded adjusted earnings2 of $3.7 million, $0.02 per basic share2, compared to $7.1 million, $0.07 per basic share in the... More