Osisko Gold Royalties reports 13% rise in Q4 headline earnings

Osisko Gold Royalties has reported a 13% increase in its fourth-quarter adjusted earnings, to C$6.9-million, or C$0.07 a share, beating Bay Street analysts’ average forecast of earnings of C$0.06 a share. Montreal-based Osisko, which owns a portfolio of cost-free royalties on mines such as Canadian Malartic and Éléonore, in Quebec, and Island gold mine, in Ontario, previously reported that revenues for the quarter ended December 31 had increased by 7% year-on-year to C$13.7-million, with net cash flows from operating activities up 52% year-on-year to C$12.8-million.