Osisko Reports Record 2024 Results and Provides 2025 Guidance and New 5-Year Outlook

Osisko Gold Royalties Ltd (OR: TSX & NYSE) has reported record financial results for the year 2024, marking a significant milestone in the company's history. The company's strong performance was driven by increased production, higher commodity prices, and strategic investments in new assets. Osisko's 2024 financial highlights include:

* Record revenues from royalties and streams of $191.2 million, up from $183.2 million in 2023
* Record cash flows generated by operating activities of $159.9 million, up from $138.4 million in 2023
* Net earnings of $16.3 million, or $0.09 per basic share, compared to a net loss of $37.4 million, or $0.20 per basic share, in 2023
* Adjusted earnings of $97.3 million, or $0.52 per basic share, up from $74.1 million, or $0.40 per basic share, in 2023
* Net repayments of $49.7 million under the revolving credit facility
* Cash balance of $59.1 million and debt outstanding of $93.9 million as at December 31, 2024

Osisko's strong performance in 2024 was driven by several key factors:

1. Increased production and cash flows from existing assets: Osisko's existing portfolio of producing assets generated higher production and cash flows, contributing to the company's record financial results.
2. Strategic investments in new assets: Osisko made several strategic investments in new assets, including a 6% gold stream on SolGold plc's Cascabel copper-gold development project in Ecuador, a 1.8% gross revenue royalty (GRR) from Tembo Capital Mining Fund II on Spartan Resources Limited's Dalgaranga Gold project in Western Australia, and an amendment to the Gibraltar silver stream. These investments contributed to Osisko's growth and diversification.
3. Disciplined capital allocation: Osisko's strong balance sheet and disciplined capital allocation strategy enabled the company to deploy capital towards new accretive growth opportunities, further enhancing its long-term success.

Osisko has also provided guidance for 2025 and a new 5-year outlook, reflecting the company's confidence in its growth prospects:

* For 2025, Osisko expects GEOs earned to range between 80,000-88,000 at an average cash margin of approximately 97%. The guidance assumes the commencement of payments associated with GEOs earned from Cardinal Namdini Mining Limited's Namdini mine in the second half of 2025, as well as a full year of GEOs earned from the copper stream from MAC Copper's CSA mine and the NSR royalty on G Mining's Tocantinzinho mine.
* For the 5-year outlook, Osisko expects its portfolio to generate between 110,000-125,000 GEOs in 2029. The outlook assumes the commencement of production at Gold Fields Limited's Windfall project and South32 Limited's Hermosa/Taylor project, amongst others, as well as increased production from certain other operators that are advancing expansions.

Osisko's commitment to sustainability and ESG principles has also been a key driver of its success. The company's commitment to responsible mining practices, environmental stewardship, and community engagement has helped Osisko maintain strong relationships with its operating partners and host communities, further enhancing its long-term growth prospects.




In conclusion, Osisko's record 2024 results and positive outlook for 2025 and the 5-year period reflect the company's strong performance, strategic investments, and commitment to sustainability. Osisko's continued growth and success are driven by its disciplined capital allocation, diversified portfolio, and commitment to responsible business practices. As Osisko looks to the future, investors can expect the company to continue to deliver strong financial performance and create long-term value for shareholders.