Osisko Gold Royalties lifts earnings on record ounces earned

Intermediate precious metal royalty company Osisko Gold Royalties has reported higher earnings for the first quarter ended March, as record ounces earned boosted the top and bottom lines. The company’s portfolio of royalty and stream interests delivered a quarterly record 10 418 gold-equivalent ounces, up 9% year-on-year as increased output at Canadian Malartic (Quebec), Island Gold (Ontario) and Vezza (Quebec), as well as the company’s first delivery of silver from the recently acquired Taseko Mines silver stream (Gibraltar copper mine, British Columbia) pushed production higher, offset by lower output at the Éléonore mine.