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Osisko declared profits of $4.5 million

Osisko declared profits of $4.5 million

Higher incomes have enabled Royalties Auriferes Osisko to include the results in black, in the fourth quarter.

The mining royalty holding company generated revenues of $ 12.8 million, up 68% from $ 7.6 million in the corresponding quarter last year. Osisko has sold more than 8,400 ounces of gold and 9,000 ounces of silver in the quarter ended at the end of December, compared to nearly 5,500 ounces of gold and 5400 ounces of silver in the fourth quarter of 2014.

The profit for the period was $ 4.5 million or $ 0.05 per share. Last year, Osisko had instead registered a loss of $ 2.2 million or $ 0.04 per share.

For the year 2015, Osisko reported net income from continuing operations of $ 28.5 million or $ 0.33 per share, which compares to a loss of $ 2.1 million or $ 0.05 per share in 2014.

Revenue was up from $ 17.2 million to $ 45.4 million.

"Osisko is in a unique position to implement its strategy to increase its gold royalty portfolio through its cash and cash equivalents of approximately $ 450 million from the recent financing, and with an additional $ 150-200 $ million credit facility, "said Monday Sean Roosen, President of the Board and CEO of Osisko Royalties AurifГЁres.

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Master of Economics, University of Harvard, worked as an analyst in a few large companies and specializes in many countries. Currently owned by a large company that conducts assessment of investment attractiveness in the various countries of the world.