The following is a summary of the Osisko Gold Royalties Ltd (OR) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Osisko Gold Royalties reported a Q3 revenue of $57.3 million, with a cash margin of 96.3%.

• The company declared and paid a quarterly dividend of $0.065 per share.

• Net debt reduced to just over $20 million, with $58.5 million in cash on hand at the end of the quarter.

• Q3 earnings improved year-over-year with earnings of $0.10 per basic share and quarterly adjusted earnings of $0.15 per basic common share.

Business Progress:

• Osisko acquired a 1.8% gross revenue royalty on the Dalgaranga Gold project in Western Australia, expected to close in Q4.

• The company continues to progress on the exploration front, with highlights including the ongoing development at Odyssey and its contributions from Canadian Malartic.

• Osisko is included in the Global X Silver Miners ETF due to expected increases in revenue from silver.

Opportunities:

• The robust pipeline for new deals remains strong, with the corporate development team actively working on potential opportunities.

• The transition to reporting in USD in 2025 aligns with a significant portion of their revenue.

Risks:

• The Dalgaranga project's contribution to future earnings is contingent upon regulatory approval and may be affected by the geological complexities associated with transitioning from an open pit to a high-grade underground operation.

• Plant upgrades and throughput increases at Mantos Blancos might face technical or operational challenges.

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