![]() Osisko would like to extend its congratulations to Agnico and the Canadian Malartic team on this remarkable achievement. On June 28th Canadian Malartic reached a milestone by pouring its seven millionth gold ounce since achieving commercial production in 2011. Notably, gold production from the Odyssey mine via the ramp from Odyssey South in the second quarter of 2023 totaled 6,747 ounces. Preparations for in-pit tailings disposal have commenced, which is expected to start in the second half of 2024. The majority of the gold produced during the period was sourced from the Barnat pit, with the Canadian Malartic pit having finally been depleted in the second quarter of 2023. On July 26 th, Agnico Eagle Mines Limited (“Agnico Eagle”) announced second quarter 2023 gold production from the Canadian Malartic Complex (“Canadian Malartic”) of 177,755 ounces. (5% Net Smelter Return royalty on open pit and 3-5% NSR royalty on underground) More details are provided at the end of this release.Ĭanadian Malartic Complex - Second Quarter Production & Underground Development Updates Osisko will provide full production and financial details with the release of its third quarter 2023 results after market close on Wednesday, November 8 th, 2023 followed by a conference call and webcast on Thursday, November 9 th at 10am ET. As such, we now are guiding towards the low end of our GEO delivery guidance for 2023.” While we anticipate improved quarter-over-quarter performance at several of our core producing assets, Renard will continue to be impacted by weak rough diamond prices and, as a result, Osisko is assuming no reportable GEOs from Renard in Q4. These include the forest fires in northern Canada, other ongoing ramp-up issues, and a notable sharp decline in rough diamond prices. ![]() Paul Martin, Interim CEO of Osisko, commented: “Osisko delivered a solid quarter of GEOs earned, along with record revenues and cash margin in Q3 despite challenges faced by some of our key operating partners over the past several months. Osisko’s cash balance was relatively stable at the end of the third quarter at approximately $70.8 million, resulting in a net debt position of approximately $244.6 million as at September 30, 2023, representing an improvement of $5.0 million despite additional investments in royalties completed during the quarter. Osisko recorded preliminary revenues from royalties and streams of $62.1 million during the third quarter and preliminary cost of sales (excluding depletion) of $4.4 million, resulting in a record quarterly cash margin 2 of approximately $57.7 million (or 93%). Osisko earned approximately 23,292 attributable gold equivalent ounces 1 (“GEOs”) in the third quarter of 2023, including 1,386 GEOs earned from the recently acquired CSA silver stream. All monetary amounts included in this report are expressed in Canadian dollars, unless otherwise noted. 11, 2023 (GLOBE NEWSWIRE) - Osisko Gold Royalties Ltd (the “ Corporation” or “ Osisko”) (OR: TSX & NYSE) is pleased to provide an update on its third quarter 2023 deliveries, revenues, cash margin and recent asset advancements. You can chat online or email 07 38092955 to speak to one of our friendly team.MONTRÉAL, Oct. For a delivery to depot/business (cheaper) or home delivery quotes please contact us. Embrace confidence in your entertaining area and make a statement with this exceptional Australian-made fire pit.ĭon't wait any longer! Upgrade your outdoor space with The Flame firepit and experience the perfect blend of style, durability, and functionalityĬan be picked up from our showroom in Brisbane. So, whether you're hosting a cozy night in with loved ones or creating a captivating ambiance for your customers, The Flame firepit is the ultimate choice. Save both time and money by choosing a firepit that will stand the test of time. Say goodbye to flimsy alternatives that require constant replacements and repairs. Why settle for anything less than the best? Investing in The Flame firepit means investing in long-lasting quality. With three standard sizes available, you can find the perfect fit for your needs. ![]() Crafted with utmost precision and using top-quality steel, this sleek and modern design is a true showstopper.Ĭhoose between the timeless elegance of Corten steel or the classic sophistication of black, and let The Flame firepit become the centerpiece of your gatherings. This Australian-made masterpiece is the perfect addition to any space, be it your cozy backyard or a bustling commercial venue. ![]() Looking to elevate your outdoor entertaining area? Look no further than The Flame firepit!
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