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VITFF - Osisko Gold Royalties - Q3 Spoiled By The Diamond Market Issues
Victoria Gold Corp Ord
Osisko Gold Royalties (OR) didn't please its shareholders with the Q3 2019 financial results (all numbers were converted from CAD to USD). The company reported lower attributable gold equivalent production, lower revenues, and higher losses. The main problem is the weak diamond prices and subsequent issues with the Renard mine diamond stream.
In Q3, Osisko's attributable gold equivalent production declined to 18,123 toz or by 7.8% compared to Q3 and by 8.3% compared to Q1. The main issue is the falling diamond price. Osisko owns a 9.6% royalty on diamond production from the