MONTRÉAL, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) is pleased to provide an update on its third quarter 2023 deliveries, revenues, cash margin and recent asset advancements. All monetary amounts included in this report are expressed in Canadian dollars, unless otherwise noted.

PRELIMINARY Q3 2023 RESULTS

Osisko earned approximately 23,292 attributable gold equivalent ounces1 (“GEOs”) in the third quarter of 2023, including 1,386 GEOs earned from the recently acquired CSA silver stream.

Osisko recorded preliminary revenues from royalties and streams of $62.1 million during the third quarter and preliminary cost of sales (excluding depletion) of $4.4 million, resulting in a record quarterly cash margin2 of approximately $57.7 million (or 93%).

Osisko’s cash balance was relatively stable at the end of the third quarter at approximately $70.8 million, resulting in a net debt position of approximately $244.6 million as at September 30, 2023, representing an improvement of $5.0 million despite additional investments in royalties completed during the quarter. see & read more on
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/350-tsx/or/149379-osisko-announces-preliminary-q3-2023-deliveries-along-with-record-quarterly-revenues-and-cash-margin-and-provides-portfolio-updates.html