mining

Osisko Gold Royalties sees record cash flow in 2024

Kitco Media
By Neils Christensen
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(Kitco News) - Mining equity analysts have been waving the flag trying to draw attention to the cash flow being generated in the sector and one royalty company is not disappointing.

On Tuesday, Osisko Gold Royalties Ltd. reported preliminary fourth-quarter financial data on deliveries, revenues, and cash margin. The company said it saw a record annual cash flow of $262.2 million last year.

Osisko said it earned 20,005 attributable gold equivalent ounces (GEOs) in the fourth quarter of 2024, for a total of 80,740 GEOs in 2024.

“As at December 31st, 2024, Osisko’s cash position was approximately $85.0 million (US$59.1 million), following the closing of both the Dalgaranga royalty acquisitions and the Gibraltar silver stream amendment, in the fourth quarter of 2024,” the company said in the report.

 

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Neils Christensen

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @KitcoNewsNOW

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