Osisko Gold (TSE:OR) has released an update.
Osisko Gold Royalties Ltd reported a strong first quarter in 2024, with operating cash flows reaching $50.4 million and a high cash margin of 97%, leading to an 8% increase in their quarterly dividend. Despite a slight decrease in net earnings per share compared to the same quarter last year, the company has made significant repayments on its revolving credit facility, indicating a healthy balance sheet. The confidence in their financial stability is also shown through the appointment of a new board member and the publication of sustainability and asset reports.
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