Osisko Gold Royalties Ltd freut sich, mitteilen zu können, dass die Gesellschaft eine Erstinvestition zum Aktienrückkauf über 9,8 Mio. C$ für 849.480 Aktien im Rahmen des Normal Course Issuer Bid ?NCIB? getätigt hat
Earned 20,005 gold equivalent ounces1 (?GEOs?) in the fourth quarter, for record annual GEOs of 80,553 in 2018, an increase of 37% compared to 2017;
Generated cash flows from operating activities of $18.6 million for the quarter and $82.2 million for the year 2018, an increase of 69% compared to 2017;
Recorded adjusted earnings2 of $13.0 million, $0.08 per basic share2 ($31.4 million for the year 2018, $0.20 per basic share), compared to $1.0 million, $0.01 per basic share in the fourth quarter of 2017 ($22.7 million for the year 2017, $0.18 per basic share);
Recorded cash operating margins3 of 90% from royalty and stream interests in the fourth quarter and for the full year 2018, maintaining the highest margin in the metals and mining sector, generating $27.8 million in operating cash flow in the fourth quarter ($114.1 million for the year 2018), in addition to a quarterly cash operating margin of $0.9 million from offtake interests in the fourth quarter ($5.0 million for the year 2018);
Fully repaid its credit facility in January 2019 ($71.7 million in the fourth quarter 2018 for a total of $123.5 million for the year 2018, in addition to a payment of $30.0 million in January 2019), and extended the maturity date by one year to November 14, 2022; Osisko now has up to $450.0 million available under the credit facility;
Incurred impairment charges of $166.3 million ($123.7 million, net of income taxes), including $148.5 million on the Éléonore NSR royalty interest ($109.1 million, net of income taxes), compared to $89.0 million in 2017 on the Éléonore NSR royalty interest ($65.4 million, net of income taxes). On February 13, 2019, Goldcorp Inc. announced an impairment expense of US$1.4 billion, net of income taxes, against the carrying value of the Éléonore mine, as a result of the previously announced acquisition of the company by Newmont Mining Corporation and due to the decrease in mineral reserves and resources and the reduction in the estimated fair value of Éléonore?s exploration potential;
Received payment from Pretium Exploration Inc. for the repurchase of Osisko Bermuda?s interest in the Brucejack gold and silver stream for US$118.5 million ($159.4 million), generating a gain of $9.1 million;
Maintained ownership and financing rights in respect to the Curraghinalt Gold project through the take-private acquisition of Dalradian Resources Inc. by Orion Mine Finance. Osisko holds a put option, subject to certain restrictions, to sell its shares for a period of 180 days at $1.47 per share;
Amended the Renard diamond stream, thereby investing an additional $21.6 million and improving the cash margin on this stream;
Acquired for cancellation 2,709,779 of our common shares for $32.9 million in the year 2018, in addition to 852,500 common shares acquired in 2019 for $10.2 million (total of $20.0 million under the $100.0 million buyback program announced in December 2018);
Held $174.3 million in cash and cash equivalents and $397.1 million in equity investments4 as at December 31, 2018;
Declared a quarterly dividend of $0.05 per common share payable on January 15, 2019 to shareholders of record as at December 31, 2018; and
Declared quarterly dividends totaling $0.20 per common share for the year 2018 for $31.2 million, bringing the total to $86.3 million since inception in 2014.
Earned 19,753 gold equivalent ounces1 (?GEOs?) compared to 20,036 in Q1 2018;
Revenues from royalties and streams of $33.5 million compared to $32.6 million in Q1 2018
Generated cash flows from operating activities of $24.8 million compared to $23.3 million in Q1 2018
Adjusted earnings2 of $5.8 million, $0.04 per basic share2 compared to $8.9 million, $0.06 per basic share in Q1 2018
Recorded cash operating margins3 of 89% from royalty and stream interests, generating $29.9 million in operating cash flow in the first quarter, in addition to a quarterly cash operating margin of $0.7 million from offtake interests
Closed the previously announced senior secured silver stream facility with reference to up to 100% of the future silver produced from the Horne 5 property owned by Falco Resources Ltd.
Repaid in full the revolving credit facility in January 2019 (payment of $30.0 million);
Incurred an impairment charge of $38.9 million ($28.6 million, net of income taxes) on the Renard diamond stream. This impairment is mainly due to a significant impairment charge of $83.2 million announced on March 28, 2019 by the operator of the Renard diamond mine in Québec, Canada, reflecting a lower diamond pricing outlook than expected
Acquired for cancellation 852,500 of our common shares for $10.2 million (average acquisition cost of $11.96 per share)
Held $108.5 million in cash and $403.8 million in equity investments4 as at March 31, 2019;
Declared a quarterly dividend of $0.05 per common share paid on April 15, 2019 to shareholders of record as of the close of business on March 29, 2019.
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