Osisko Announces Q1 2024 Geo Deliveries And Select Asset Updates; Recorded Preliminary Revenues From Royalties And Streams Of $60.7M
Portfolio Pulse from Benzinga Newsdesk
Osisko Gold Royalties Ltd (OR) announced its Q1 2024 results, including 22,259 gold equivalent ounces delivered, preliminary revenues of $60.7M from royalties and streams, and a cash margin of approximately $58.9M. The company also reported a cash position of $70.6M after repaying $43.6M on its revolving credit facility, leaving $151.9M drawn and $398.1M available, plus an uncommitted accordion of up to $200.0M.
April 08, 2024 | 12:11 pm
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Osisko Gold Royalties Ltd reported strong Q1 2024 results with significant revenues and a healthy cash margin, alongside a robust cash position after substantial debt repayment.
The positive Q1 2024 results, including high revenues and cash margin, alongside effective debt management, indicate a strong financial health and operational efficiency. This is likely to instill investor confidence and potentially drive up the stock price in the short term.
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