<SEC-DOCUMENT>0001171843-25-002101.txt : 20250409
<SEC-HEADER>0001171843-25-002101.hdr.sgml : 20250409
<ACCEPTANCE-DATETIME>20250409104216
ACCESSION NUMBER:		0001171843-25-002101
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250409
FILED AS OF DATE:		20250409
DATE AS OF CHANGE:		20250409

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Osisko Gold Royalties LTD
		CENTRAL INDEX KEY:			0001627272
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			A8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37814
		FILM NUMBER:		25824205

	BUSINESS ADDRESS:	
		STREET 1:		1100 AVENUE DES CANADIENS-DE-MONTREAL
		STREET 2:		SUITE 300
		CITY:			MONTREAL
		STATE:			A8
		ZIP:			H3B 2S2
		BUSINESS PHONE:		514-940-0670

	MAIL ADDRESS:	
		STREET 1:		1100 AVENUE DES CANADIENS-DE-MONTREAL
		STREET 2:		SUITE 300
		CITY:			MONTREAL
		STATE:			A8
		ZIP:			H3B 2S2
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_040925.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html><head><title></title></head><body style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><div align="center"><div style="margin-top: 3pt; margin-bottom: 12pt;"><div style="font-size: 1pt; border-top: Black 2.5pt solid; border-bottom: Black 1.1pt solid; width: 100%;">&#160;</div></div><p style="font-size: 14pt;" align="center"><strong>UNITED STATES</strong><br /><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br /><strong>Washington, D.C. 20549</strong></p><p style="font-size: 14pt; text-transform: uppercase;" align="center"><strong>Form 6-K</strong></p><p style="text-align: center;"><strong></strong></p><p style="text-align: center;"><strong>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</strong></p><p style="text-align: center;"><strong></strong><strong>For the month of April 2025</strong></p><p style="text-align: center;">Commission File Number: <strong>001-37814</strong></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>Osisko Gold Royalties Ltd</strong></font><br />(Translation of registrant's name into English)</p><p style="text-align: center;"><strong><!--1100, av. des Canadiens-de-Montreal, Suite 300, P.O. Box 211-->1100 Avenue des Canadiens-de-Montr&#233;al, Suite 300, Montr&#233;al, QC H3B 2S2 </strong><br />(Address of principal executive office)</p></div><p>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.<br />Form 20-F [&#160;&#160; ] &#160;&#160;&#160;&#160;&#160;Form 40-F [&#160;X ]</p><!--<p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): &#160;</p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): &#160;</p>--><hr style="page-break-after: always;" noshade="noshade" /><p> <p style="text-align: center;"><font style="font-size: 10pt;"><strong>EXHIBIT INDEX</strong></font>&#160;</p><table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0"><tr><td style="text-decoration: underline;" valign="bottom"><font style="font-size: 10pt;"><strong>Exhibit</strong></font></td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td>&#160;</td></tr><tr><td>&#160;</td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td><font style="font-size: 10pt;">&#160;</font></td></tr><tr><td style="vertical-align: top;"><font style="font-size: 10pt;"><a href="exh_991.htm">99.1</a></font></td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td style="vertical-align: top;"><font style="font-size: 10pt;"><a href="exh_991.htm">Press Release dated April 9, 2025</a> </font></td></tr></table></p><p /><hr style="page-break-after: always;" noshade="noshade" /><p style="text-align: center;"><strong>SIGNATURES</strong></p><p>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p><table style="font: 10pt Times New Roman; width: 100%;" border="0" cellspacing="0" cellpadding="0"><tr valign="top"><td style="width: 50%;">&#160;</td><td style="width: 10%;">&#160;</td><td style="text-align: left; width: 40%; text-decoration: underline;">Osisko Gold Royalties Ltd</td></tr><tr valign="top"><td>&#160;</td><td>&#160;</td><td style="text-align: left;">(Registrant)</td></tr><tr valign="top"><td>&#160;</td><td>&#160;</td><td style="text-align: left;">&#160;</td></tr><tr valign="top"><td>&#160;</td><td>&#160;</td><td style="text-align: left;"></td></tr><tr valign="top"><td>Date: April 9, 2025</td><td>By:</td><td style="text-align: left; border-bottom: Black 1pt solid;">/s/ JASON ATTEW</td></tr><tr valign="top"><td>&#160;</td><td>&#160;</td><td style="text-align: left;">JASON ATTEW</td></tr><tr valign="top"><td>&#160;</td><td>Title:</td><td style="text-align: left;">PRESIDENT AND CEO</td></tr><tr valign="top"><td>&#160;</td><td>&#160;</td><td style="text-align: left;"></td></tr></table></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"><html lang="en-US"><head><title>EdgarFiling</title><meta content="text/html; charset=windows-1252" ><meta name="GENERATOR" content="MSHTML 8.00.7601.18094" ></head><body bgcolor="#ffffff"><p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p><p style="text-align: center;"><strong><img src='exh991small_1.jpg' alt='logo' > </strong></p><p style="text-align: center;"><font style="font-size: 14pt;"><strong>Osisko Announces Preliminary Q1 2025 GEO Deliveries and Strong Quarterly Cash Margin</strong></font></p><p style="text-align: center;"><strong></strong></p><p>
  <p align="justify">MONTREAL, April  09, 2025  (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the &#8220;<strong>Company</strong>&#8221; or &#8220;<strong>Osisko</strong>&#8221;) (OR: TSX &amp; NYSE) is pleased to provide an update on its first quarter 2025 preliminary deliveries, revenues and cash margin, as well as on its cash and debt positions as at March 31<sup>st</sup>, 2025. All monetary amounts included in this report are expressed in United States dollars, unless otherwise noted.</p>   <p align="justify"><strong>PRELIMINARY Q1 2025 RESULTS</strong></p>   <p align="justify">Osisko earned 19,014 attributable gold equivalent ounces<sup>1</sup> (&#8220;GEOs&#8221;) in the first quarter of 2025.</p>   <p align="justify">Osisko recorded preliminary revenues from royalties and streams of $54.9 million during the first quarter and preliminary cost of sales (excluding depletion) of $1.6 million, resulting in a quarterly cash margin<sup>2</sup> of approximately $53.3 million (representing a quarterly record cash margin of 97.1%).</p>   <p align="justify">As at March 31<sup>st</sup>, 2025, Osisko&#8217;s cash position was approximately $63.1 million, following a $19.6 million net repayment on the Company&#8217;s revolving credit facility during the first quarter. Osisko&#8217;s revolving credit facility was drawn by $74.3 million at the end of March 2025, with an additional amount of $308.2 million available to be drawn plus the uncommitted accordion of C$200 million.</p>   <p align="justify">Subsequent to quarter end, Osisko paid down an additional $25.0 million against its revolving credit facility, reducing the outstanding balance to $49.3&#160;million as at the date of this press release.</p>   <p><strong>Q1 2025 RESULTS CONFERENCE AND WEBCAST CALL DETAILS</strong></p>   <p align="justify">Osisko provides notice of the first quarter 2025 results and conference and webcast call details.</p>  <table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; "><tr><td style="max-width:5%; width:5%; min-width:5%;;text-align: justify ;  vertical-align: middle; vertical-align: top ; ">&#160;</td><td style="max-width:40%; width:40%; min-width:40%;;text-align: justify ;  vertical-align: middle; vertical-align: top ; ">Results Release:</td><td style="max-width:55%; width:55%; min-width:55%;;text-align: justify ;  vertical-align: middle; vertical-align: top ; ">Wednesday, May 7<sup>th</sup>, 2025 after market close<br ><br ></td></tr><tr><td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">&#160;</td><td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">Conference Call:</td><td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">Thursday, May 8<sup>th</sup>, 2025 at 10:00 am ET</td></tr><tr><td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">&#160;</td><td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">Dial-in Numbers:<br ><strong>(Option 1)</strong></td><td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">North American Toll-Free:&#160; 1 (800) 717-1738<br >Local &#8211; Montreal: 1 (514) 400-3792<br >Local &#8211; Toronto: 1 (289) 514-5100<br >Local &#8211; New York: 1 (646) 307-1865<br >Conference ID: 33088</td></tr><tr><td style="vertical-align: top ; ">&#160;</td><td style="vertical-align: top ; ">Webcast link:<br ><strong>(Option 2)</strong></td><td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">https://viavid.webcasts.com/starthere.jsp?ei=1713958&amp;tp_key=482b1aae4e</td></tr><tr><td style="vertical-align: top ; ">&#160;</td><td style="vertical-align: top ; ">&#160;</td><td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">&#160;</td></tr><tr><td style="vertical-align: top ; ">&#160;</td><td style="vertical-align: top ; ">Replay (available until Sunday, June 8<sup>th</sup>, at 11:59 PM ET):</td><td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">North American Toll-Free: 1 (888) 660-6264<br >Local &#8211; Toronto: 1 (289) 819-1325<br >Local &#8211; New York: 1 (646) 517-3975<br >Playback Passcode: 33088#</td></tr><tr><td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">&#160;</td><td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">&#160;</td><td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">&#160;</td></tr><tr><td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">&#160;</td><td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">&#160;</td><td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">Replay also available on our website at www.osiskogr.com</td></tr></table>  <p align="justify">The figures presented in this press release, including the cash and debt balances, and the revenues and costs of sales, have not been audited and are subject to change. As the Company has not yet finished its quarter end procedures, the anticipated financial information presented in this press release is preliminary, subject to quarter end adjustments, and may change materially.</p>  <table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; "><tr><td class="hugin" style="max-width:5%; width:5%; min-width:5%;">(1)</td><td class="hugin" style="max-width:94%; width:94%; min-width:94%;"><u>Gold Equivalent Ounces</u></td></tr><tr><td class="hugin">&#160;</td><td style="text-align: justify ;  vertical-align: middle; ">GEOs are calculated on a quarterly basis and include royalties and streams. Silver and copper earned from royalty and stream agreements are converted to gold equivalent ounces by multiplying the silver ounces or copper tonnes earned by the average silver price or copper price for the period and dividing by the average gold price for the period. 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padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: top ; ">43,688&#160;</td><td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: top ; ">&#160;</td><td style="text-align: right ;  vertical-align: middle; vertical-align: top ; ">&#160;</td></tr><tr><td style="vertical-align: top ; ">&#160;</td><td style="vertical-align: top ; ">Cash margin (in percentage of revenues)</td><td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: top ; ">&#160;</td><td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: top ; ">97.1</td><td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: top ; ">%</td><td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: top ; ">&#160;</td><td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: top ; ">97.0</td><td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: top ; ">%</td><td style="text-align: right ;  vertical-align: middle; vertical-align: top ; ">&#160;</td></tr></table>  <p align="justify"><strong>About Osisko Gold Royalties Ltd </strong></p>   <p align="justify">Osisko is an intermediate precious metals royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American and Australian focused portfolio of over 185 royalties, streams and precious metal offtakes. Osisko&#8217;s portfolio is anchored by its cornerstone asset, a 3-5% net smelter return royalty on the Canadian Malartic Complex, one of Canada&#8217;s largest gold mines.</p>   <p align="justify">Osisko&#8217;s head office is located at 1100 Avenue des Canadiens-de-Montr&#233;al, Suite 300, Montr&#233;al, Qu&#233;bec, H3B&#160;2S2.</p>   <p><strong>For further information, please contact Osisko Gold Royalties Ltd:</strong></p>  <table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; "><tr><td style="vertical-align: top ; ">Grant Moenting<br >Vice President, Capital Markets<br >Tel: (514) 940-0670 x116<br >Cell: (365) 275-1954 <br >Email: gmoenting@osiskogr.com</td><td style="vertical-align: top ; ">Heather Taylor<br >Vice President, Sustainability and Communications<br >Tel: (514) 940-0670 x105<br >Email: htaylor@osiskogr.com</td></tr></table>  <p><strong><em>Forward-looking Statements </em></strong></p>   <p align="justify"><em>Certain statements contained in this press release may be deemed &#8220;forward-looking statements&#8221; within the meaning of the United States Private Securities Litigation Reform Act of 1995 and &#8220;forward-looking information&#8221; within the meaning of applicable Canadian securities legislation. Forward-looking statements are statements other than statements of historical fact, that address, without limitation, future events, that preliminary financial information may be subject to quarter end adjustments and the availability of the uncommitted accordion of the credit facility. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words &#8220;expects&#8221;, &#8220;plans&#8221;, &#8220;anticipates&#8221;, &#8220;believes&#8221;, &#8220;intends&#8221;, &#8220;estimates&#8221;, &#8220;projects&#8221;, &#8220;potential&#8221;, &#8220;scheduled&#8221; and similar expressions or variations (including negative variations), or that events or conditions &#8220;will&#8221;, &#8220;would&#8221;, &#8220;may&#8221;, &#8220;could&#8221; or &#8220;should&#8221; occur. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors, most of which are beyond the control of Osisko, and actual results may accordingly differ materially from those in forward-looking statements. Such risk factors include, without limitation, (i) with respect to properties in which Osisko holds a royalty, stream or other interest; risks related to: (a) the operators of the properties, (b) timely development, permitting, construction, commencement of production, ramp-up (including operating and technical challenges), (c) differences in rate and timing of production from resource estimates or production forecasts by operators, (d) differences in conversion rate from resources to reserves and ability to replace resources, (e) the unfavorable outcome of any challenges or litigation relating title, permit or license, (f) hazards and uncertainty associated with the business of exploring, development and mining including, but not limited to unusual or unexpected geological and metallurgical conditions, slope failures or cave-ins, flooding and other natural disasters or civil unrest or other uninsured risks, (ii) with respect to other external factors: (a) fluctuations in the prices of the commodities that drive royalties, streams, offtakes and investments held by Osisko, (b) a trade war or new tariff barriers, (c) fluctuations in the value of the Canadian dollar relative to the U.S. dollar, (d) regulatory changes by national and local governments, including permitting and licensing regimes and taxation policies, regulations and political or economic developments in any of the countries where properties in which Osisko holds a royalty, stream or other interest are located or through which they are held, (e) continued availability of capital and financing and general economic, market or business conditions, and (f) responses of relevant governments to infectious diseases outbreaks and the effectiveness of such response and the potential impact of such outbreaks on Osisko&#8217;s business, operations and financial condition; (iii) with respect to internal factors: (a) business opportunities that may or not become available to, or are pursued by Osisko, (b) the integration of acquired assets or (c) the determination of Osisko&#8217;s PFIC status (d) that preliminary financial information may be subject to quarter end adjustments. The forward-looking statements contained in this press release are based upon assumptions management believes to be reasonable, including, without limitation: the absence of significant change in Osisko&#8217;s ongoing income and assets relating to determination of its PFIC status, and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended and, with respect to properties in which Osisko holds a royalty, stream or other interest, (i) the ongoing operation of the properties by the owners or operators of such properties in a manner consistent with past practice and with public disclosure (including forecast of production), (ii) the accuracy of public statements and disclosures made by the owners or operators of such underlying properties (including expectations for the development of underlying properties that are not yet in production), (iii) no adverse development in respect of any significant property, (iv) that statements and estimates relating to mineral reserves and resources by owners and operators are accurate and (v) the implementation of an adequate plan for integration of acquired assets.</em></p>   <p align="justify"><em>For additional information on risks, uncertainties and assumptions, please refer to the most recent Annual Information Form of Osisko filed on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov which also provides additional general assumptions in connection with these statements. Osisko cautions that the foregoing list of risk and uncertainties is not exhaustive. Investors and others should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Osisko believes that the assumptions reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be accurate as actual results and prospective events could materially differ from those anticipated such the forward-looking statements and such forward-looking statements included in this press release are not guarantee of future performance and should not be unduly relied upon. These statements speak only as of the date of this press release. Osisko undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by applicable law.</em></p> </p><p ></p></body></html>
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