Osisko Gold Royalties Ltd is a Canadian company focusing on acquiring royalties from precious metal mines. Founded in 2014, it operates as a spin-off company from Osisko Mining after a successful defense against a hostile takeover bid. Headquartered in Montreal, Quebec, the company boasts a public listing on both the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the symbol OR.
Osisko Gold Royalties Ltd primarily generates revenue through royalties collected on gold, silver, and diamond mines. Their strategy involves acquiring net smelter return (NSR) royalties and streams. NSR royalties entitle Osisko to a percentage of the revenue a mine generates after deducting smelting and refining costs. Streams are similar but provide upfront payment to the mine in exchange for a lower royalty rate over a set period.
The company's portfolio features over 180 royalties, streams, and offtakes concentrated in North America. Their crown jewel is a 5% NSR royalty on the Canadian Malartic Mine, one of the largest gold mines in Canada. This mine plays a major role in Osisko's royalty income and future growth.
Besides royalties, Osisko also invests in mineral exploration companies through share purchases. This approach allows them to gain early exposure to promising mining projects with the potential to become future royalty streams. By combining established assets with exploration investments, Osisko Gold Royalties seeks to generate consistent income while fostering long-term growth within the precious metals sector.