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PVG - Osisko Gold Royalties' Q1: The Sixth Consecutive Quarter Of Losses
Pretium Resources Inc. (Canada)
Osisko Gold Royalties (OR) released its Q1 2020 financial results. The numbers are not too impressive, although the operating cash flow increased, total debt and net debt increased too, while attributable gold equivalent production and revenues declined.
In Q1 2020, Osisko's attributable gold equivalent production equaled 18,159 toz. It is 11.3% less than in the previous quarter and 8% less than in the same period of last year. The decline is attributable to the coronavirus that forced some miners to suspend their mining operations. Osisko was affected especially by the suspension of its