Osisko Gold sees FY24 GEOs earned 82,000-92,000

Osisko expects GEOs earned to range between 82,000-92,000 in 2024 at an average cash margin of 97%. The 2024 guidance assumes the commencement of GEOs earned from the CSA Copper Stream from June 15, as well as the commencement of production from G Mining Ventures’ Tocantinzinho project and Cardinal Namdini Mining Limited’s project later in the year. Osisko’s 2024 guidance on royalty and stream interests is largely based on publicly available forecasts from our operating partners. When publicly available forecasts on properties are not available, Osisko obtains internal forecasts from the producers or uses management’s best estimate. Osisko expects its portfolio to generate between 120,000 and 135,000 GEOs in 2028. The outlook assumes the commencement of production at The Windfall Mining Group’s Windfall and South32 Ltd’s Hermosa, amongst others. It also assumes that Capstone Copper Corp’s Mantos Blancos will have reached its nameplate capacity following the recent expansion of its activities, as well as increased production from certain other operators that have announced planned expansions, including Alamos Gold Inc.’s Phase 3+ Expansion at Island Gold.