Osisko Gold Royalties Ltd T.OR

OSISKO ROYALTIES 2Q/20 - GOLDEN CASH COW

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Osisko Gold Royalties - 2Q …………

2020 2Q  -- 12,300 oz & $40.8 M revenue 
 
2019 2Q -- 19,650 oz  & $33.8M revenue
 
2018 2Q -- 20,500 oz  & $32.9M revenue

2Q/20 financial statements/analysis to be released Aug 5, 2020, however, it would appear that OR was producing significantly higher revenues versus the previous two years comparative results. 

NOTE: Reduced production due to Covid-19 government mandated shutdowns in 2Q/20 appears to be ~7,250 ounces. These ounces remain in the mines and were not lost but rather simply deferred to a later production period, Due to the increase in POG over 2Q/20 they are now worth ~$200 more per ounce = ~$1.5M greater value to Osisko due to the delay in extraction.

And POG has continued to explode higher as we enter 3Q/20.