Osisko Provides Update on Deliveries Received for the Second Quarter of 2020

Notice of the 2020 Second Quarter Results and Conference Call Details

MONTRÉAL, July 09, 2020 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) is pleased to announce that it has received approximately 12,300 attributable gold equivalent ounces¹ (“GEOs”) and recorded preliminary revenues² of C$40.8 million during the three months ended June 30, 2020. Preliminary cost of sales, excluding depletion², was C$13.0 million resulting in a cash operating margin³ of approximately C$27.8 million. Excluding offtakes, Osisko’s cash operating margin on royalties and streams³ reached a record of 94.8% during the second quarter of 2020.

As a result of the COVID-19 pandemic, several of our assets were temporarily placed on care and maintenance by our operating partners during the second quarter, but the affected assets have now largely resumed operations.

Sean Roosen, Chair and CEO of Osisko commented: “In Q2, many of our assets were impacted by COVID-19, especially in Québec where mining was not deemed an essential service for some time. We support the actions taken by our operating partners to safeguard their employees, communities and as a result the assets themselves. For Osisko, that translated into a short revenue deferral on certain assets.”

Q2 2020 Results and Conference Call Details

The Corporation also provides notice of the second quarter 2020 results and conference call details, which will be released after market close on Wednesday, August 5, 2020 followed by a conference call on Thursday, August 6, 2020 at 10:00 am EDT. Participants to the call must register using one of the methods below:

• Online pre-registration: http://www.directeventreg.com/registration/event/7026109
  
  Once you register, you will receive a confirmation which will have the dial in number and both the Direct Event Passcode and your unique Registrant ID to join this call. For security reasons, please do NOT share this information with anyone else.
   
• You can alternatively, pre-register by phone:
  
  Pre-phone registration: 1-[phone] and provide the Conference ID which is 7026109 to the Live Agent who will take the details from you live. Please pre-register in advance of the call.

The conference call replay will be available from 1:00 pm EDT on August 6, 2020 until 11:59 pm EDT on August 13, 2020 with the following dial in numbers: 1-[phone] (North American toll free) or 1-[phone], access code 7026109. The replay will also be available on our website at www.osiskogr.com.