RE:Why doesn't it bust? PRELIMINARY Q4 2021 RESULTS
Osisko earned approximately 19,830 attributable gold equivalent ounces1 (“GEOs”) in the fourth quarter of 2021, for a total of approximately 80,000 GEOs in 2021, in line with its annual guidance of 78,000 – 82,000 GEOs. These figures exclude 3,042 GEOs earned in the fourth quarter (and 9,210 GEOs earned in 2021) from the Renard diamond stream.
Osisko recorded preliminary revenues of C$50.7 million during the fourth quarter and preliminary cost of sales (excluding depletion) of C$3.7 million resulting in a cash margin2 of approximately C$47.0 million, a quarterly record from the royalty and stream interests. Osisko’s cash margin2 was approximately 93% during the fourth quarter of 2021 (97% excluding the Renard diamond stream).
Osisko will provide full production and financial details with the release of its fourth quarter and full year 2021 results after market close on Thursday, February 24th, 2022 followed by a conference call on Friday, February 25th at 10am EST.