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Osisko Gold: 2Q Earnings Snapshot

August 1, 2019

MONTREAL (AP) _ Osisko Gold Royalties Ltd. (OR) on Wednesday reported a second-quarter loss of $4.9 million, after reporting a profit in the same period a year earlier.

The Montreal-based company said it had a loss of 3 cents per share. Earnings, adjusted for non-recurring costs, came to 4 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The mining royalty and exploration company posted revenue of $98.4 million in the period.

Osisko Gold shares have risen 34% since the beginning of the year. The stock has climbed 24% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OR at https://www.zacks.com/ap/OR

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