MONTREAL, QUEBEC--(Marketwired - Jan. 18, 2018) - Osisko Gold Royalties Ltd (the "Company" or "Osisko") (TSX:OR) (NYSE:OR) is pleased to announce its preliminary 2017 gold equivalent ounces ("GEOs")1.
Record Gold Equivalent Ounces Earned in 2017
The Company's portfolio of royalties, streams and other interests delivered a record number of GEOs during the fourth quarter and for 2017. The Company received 58,933 GEOs in 2017, an increase of 54% compared to the 2016 results. The GEOs earned in the fourth quarter totaled 20,990 ounces, establishing a new quarterly record and 26% higher than the third quarter of 2017.
| GEOs earned by product | |||||
| For the three months ended December 31, | For the twelve months ended December 31, | ||||
| 2017 | 2016 | 2017 | 2016 | ||
| Gold | 13,632 | 8,850 | 45,200 | 37,813 | |
| Silver | 4,020 | 114 | 8,045 | 457 | |
| Diamonds | 2,927 | - | 4,887 | - | |
| Other | 411 | - | 801 | - | |
| Total GEOs | 20,990 | 8,964 | 58,933 | 38,270 | |
The increase is attributable to the additional producing assets acquired as part of the transformative $1.125 billion Orion transaction, which closed on July 31, 2017, and the Gibraltar silver streaming agreement completed in February 2017.
Since commencement of activities in June 2014, our GEOs production has been as follows:
Total annual GEOs earned
Sean Roosen, Chair and Chief Executive Officer, commenting on the 2017 performance noted: "The record gold equivalent ounces earned results from the execution of our strategic plan to increase our portfolio of assets, thereby providing greater exposure to precious metal markets. We are very enthused about the future as a number of assets in our portfolio will begin to generate revenues once the underlying properties move to the production stage. We believe that our portfolio of assets will deliver the best growth profile within the royalty sector over the next 3 to 5 years."
Notice of Q4 and full year 2017 Results and Conference Call
Osisko announces that its fourth quarter and full year 2017 financial results will be released after market on February 16, 2018 followed by a conference call on February 19 at 11:00am EDT.
Those interested in participating in the conference call should dial in at 1-(647) 788-4922 (international), or 1-(877) 223-4471 (North American toll free). An operator will direct participants to the call.
The conference call replay will be available from 2:00pm EDT on February 19, 2018 until 11:59 pm EDT on February 26, 2018 with the following dial in numbers: 1-(800) 585-8367 (North American toll free) or 1-(416) 621-4642, access code 2868047.
About Osisko Gold Royalties Ltd
Osisko Gold Royalties Ltd is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 130 royalties, streams and precious metal offtakes. Osisko's portfolio is anchored by five cornerstone assets, including a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada. Osisko also owns a portfolio of publicly held resource companies, including a 15.5% interest in Osisko Mining Inc., a 12.8% interest in Osisko Metals Incorporated, a 12.7% interest in Falco Resources Ltd. and a 32.7% interest in Barkerville Gold Mines Ltd.
