"We have previously guided that Q1 gold-equivalent ounces would be lower relative to the remainder of the year as the Eagle operation does not stack ore in the coldest 90 days of the year (January to March) and as other assets ramp up during the year, namely the Mantos expansion, the Ermitano and Santana start-ups, and the reactivation of the Renard stream in early May," Osisko president and CEO Sandeep Singh said.
The company noted that the Q1 earning excluded 3,025oz AuEq from the Renard diamond stream.
The company's guidance for 2022 stands at between 90,000 and 95,000oz AuEq.
Osisko holds a North American focused portfolio of over 165 royalties, streams, and precious metal offtakes, which is anchored by its cornerstone asset, a 5% net smelter return royalty on Canada's largest gold mine, Malartic.
Osisko Gold Royalties' share price on the Toronto Stock Exchange on April 13 was quoted as C$17.43 (US$13.81), which gave the company a market capitalisation of C$3.22 billion.
