Osisko Announces Q2 2024 GEO Deliveries, Record Cash Margin and Select Asset Updates; Earned 20,068 Attributable GEOs, Recorded Preliminary Revenues From Royalties And Streams Of $64.8M In Q2 2024
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Osisko Gold Royalties Ltd (NYSE: OR) announced its Q2 2024 results, reporting 20,068 attributable gold equivalent ounces (GEOs) and preliminary revenues of $64.8 million. The company achieved a record cash margin of $62.6 million. Osisko's cash position was $65.7 million as of June 30, 2024, after significant repayments on its revolving credit facility.
July 08, 2024 | 12:08 pm
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Osisko Gold Royalties Ltd reported strong Q2 2024 results with 20,068 attributable GEOs and $64.8 million in revenues. The company achieved a record cash margin of $62.6 million and has a solid cash position of $65.7 million after significant debt repayments.
The strong Q2 results, including high GEOs, significant revenues, and a record cash margin, indicate positive financial health and operational efficiency. The solid cash position and debt repayments further strengthen the company's financial stability, likely leading to a positive short-term impact on the stock price.
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