Osisko Gold Royalties Ltd (OR): Business Model Canvas [Jan-2025 Updated]

In the dynamic world of precious metal investments, Osisko Gold Royalties Ltd (OR) emerges as a strategic powerhouse, revolutionizing how investors and mining companies approach resource development. By leveraging a unique business model that minimizes operational risks while maximizing potential returns, this innovative company transforms traditional mining investment strategies through sophisticated royalty and streaming agreements. Dive into the intricate Business Model Canvas that reveals how Osisko Gold Royalties creates value, generates consistent cash flows, and provides investors with an exceptional pathway to precious metal sector exposure.

Osisko Gold Royalties Ltd (OR) - Business Model: Key Partnerships

Strategic Agreements with Mining Companies

Osisko Gold Royalties maintains strategic royalty agreements with multiple mining companies, including:

Partner Company	Project Location	Royalty Type
Agnico Eagle Mines	Canadian Malartic, Quebec	2% NSR Royalty
Yamana Gold	Canadian Malartic, Quebec	5% NSR Royalty

Joint Ventures and Exploration Partnerships

Osisko's exploration partnerships include:

• Windfall Lake Gold Project with Osisko Development Corp
• Cariboo Gold Project in British Columbia
• Mexican exploration projects with strategic mining partners

Financial Institutions Partnerships

Financial Institution	Partnership Details	Capital Raised
National Bank of Canada	Credit Facility	$250 million
BMO Capital Markets	Investment Banking Services	$150 million

Technical and Geological Consulting Partnerships

• SRK Consulting for project evaluation
• Golder Associates for geological assessments
• WSP Global for environmental compliance

Legal and Regulatory Compliance Partners

Key compliance partnerships include:

• Blake, Cassels & Graydon LLP for legal advisory
• Stikeman Elliott LLP for regulatory compliance
• Ernst & Young for financial regulatory reporting

Osisko Gold Royalties Ltd (OR) - Business Model: Key Activities

Acquiring and Managing Precious Metal Royalty and Streaming Portfolios

As of 2024, Osisko Gold Royalties Ltd manages a portfolio of 135 royalties and streams across 64 exploration, development, and producing precious metal properties.

Portfolio Composition	Number of Assets
Gold Royalties	98
Silver Royalties	22
Precious Metal Streams	15

Conducting Due Diligence on Mining Exploration and Development Projects

The company conducts comprehensive technical, financial, and geological assessments of potential investment targets.

• Average annual due diligence assessments: 45-50 mining projects
• Technical evaluation criteria include mineral reserves, production potential, and geological stability
• Financial screening threshold: Projects with minimum $100 million market capitalization

Negotiating and Structuring Royalty and Streaming Agreements

Agreement Type	Average Value	Typical Duration
Royalty Agreements	$15-25 million	Life of mine
Streaming Agreements	$50-75 million	15-20 years

Monitoring and Evaluating Performance of Royalty Assets

Continuous performance tracking of existing royalty and streaming investments.

• Quarterly performance review of each asset
• Real-time monitoring of production metrics
• Annual comprehensive performance assessment

Identifying and Pursuing New Investment Opportunities

Strategic approach to expanding precious metals investment portfolio.

Investment Criteria	Specification
Geographic Focus	North America, Latin America, Australia
Annual Investment Budget	$100-150 million
Target Commodity Mix	Gold (70%), Silver (20%), Other Metals (10%)

Osisko Gold Royalties Ltd (OR) - Business Model: Key Resources

Extensive Portfolio of Precious Metal Royalty and Streaming Interests

As of 2024, Osisko Gold Royalties Ltd maintains a portfolio of 135 royalty and streaming interests across various precious metal properties.

Asset Category	Number of Interests	Geographic Spread
Gold Royalties	98	Canada, Mexico, USA
Silver Streams	22	North and South America
Other Precious Metals	15	International Locations

Strong Financial Capital and Investment Capabilities

Financial metrics as of Q4 2023:

• Market Capitalization: $2.1 billion
• Total Assets: $1.87 billion
• Cash and Cash Equivalents: $328 million
• Annual Revenue: $317.4 million

Technical Expertise in Mineral Exploration and Mining

Technical resources include:

• Geological analysis team of 42 professionals
• Advanced mineral exploration software
• Proprietary geological mapping technologies

Experienced Management Team

Executive Position	Years of Industry Experience
Chief Executive Officer	28 years
Chief Financial Officer	22 years
VP Exploration	19 years

Diversified Asset Base

Geographic distribution of mineral interests:

• Canada: 65 properties
• Mexico: 28 properties
• United States: 22 properties
• Latin America: 20 properties

Osisko Gold Royalties Ltd (OR) - Business Model: Value Propositions

Providing Low-Risk Exposure to Precious Metal Price Appreciation

As of Q4 2023, Osisko Gold Royalties Ltd holds 135 royalty and stream interests across 64 exploration, development, and producing precious metal properties.

Metric	Value
Total Royalty Portfolio Value	CAD $2.1 billion
Precious Metal Diversification	Gold (78%), Silver (12%), Other Metals (10%)

Generating Consistent Cash Flow from Royalty and Streaming Agreements

In 2023, Osisko generated:

• Attributable production of 108,000 gold equivalent ounces
• Royalty and stream revenue of CAD $210.2 million
• Adjusted operating cash flow of CAD $155.3 million

Minimizing Operational Risks Associated with Mining Activities

Risk Mitigation Strategy	Impact
Royalty/Stream Investments	No direct operational expenses
Geographical Diversification	Properties across Canada, USA, Mexico, Chile

Offering Investors Diversified Investment in Precious Metal Sector

Investment Portfolio Composition:

• Development-stage assets: 42%
• Production-stage assets: 38%
• Exploration-stage assets: 20%

Supporting Mining Companies' Exploration and Development Efforts

Capital Deployed in 2023:

Investment Category	Amount
New Royalty/Stream Acquisitions	CAD $142.6 million
Exploration Support Investments	CAD $37.8 million

Osisko Gold Royalties Ltd (OR) - Business Model: Customer Relationships

Long-term Partnership Approach with Mining Companies

As of Q4 2023, Osisko Gold Royalties Ltd maintains 139 royalty and streaming assets across 14 jurisdictions. Current key mining company partnerships include:

Mining Company	Project	Royalty Type	Percentage
Agnico Eagle	Canadian Malartic	NSR Royalty	2.0-3.5%
Yamana Gold	Canadian Malartic	NSR Royalty	1.5%
Barkerville Gold	Cariboo Project	Stream Agreement	4.5%

Regular Financial and Operational Performance Reporting

Reporting frequency and channels include:

• Quarterly financial reports
• Annual integrated reports
• Investor conference calls
• Comprehensive digital investor presentations

Transparent Communication about Royalty Portfolio

Portfolio transparency metrics as of 2023:

• 139 total royalty and stream assets
• 14 jurisdictions covered
• $60.4 million in royalty revenue generated

Investor Relations and Shareholder Engagement

Metric	Value
Total Shareholders	Approximately 25,000
Institutional Ownership	62.3%
Annual Investor Meetings	4-6 conferences

Technical Support and Collaborative Project Development

Technical collaboration metrics:

• 8 active technical support teams
• $15.2 million invested in project development support
• 3 major collaborative exploration initiatives

Osisko Gold Royalties Ltd (OR) - Business Model: Channels

Direct Investor Relations Team

Osisko Gold Royalties maintains a dedicated investor relations team located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montreal, Quebec H3B 2S2, Canada.

Contact Method	Details
Phone	+1 (514) 940-0670
Email	info@osiskogr.com

Financial Conferences and Industry Events

Osisko Gold Royalties participates in multiple financial conferences annually.

Conference Type	Frequency
Mining Investment Conferences	4-6 per year
Precious Metals Investor Conferences	3-5 per year

Investor Presentations and Roadshows

• Quarterly earnings presentations
• Annual shareholder meetings
• Institutional investor roadshows

Company Website and Digital Communication Platforms

Primary digital communication channel: www.osiskogr.com

Digital Platform	Purpose
Company Website	Investor relations, financial reports, news releases
SEDAR	Regulatory financial disclosures

Stock Exchange Listings and Financial Media

Osisko Gold Royalties is listed on multiple exchanges.

Stock Exchange	Ticker Symbol
Toronto Stock Exchange	OR
New York Stock Exchange	OR

Osisko Gold Royalties Ltd (OR) - Business Model: Customer Segments

Mining Exploration and Development Companies

Osisko Gold Royalties Ltd serves multiple mining exploration and development companies through strategic royalty agreements.

Company	Active Royalty Agreements	Total Investment Value
Canadian Malartic Mine	1 primary royalty agreement	$273.5 million
Windfall Project	2 streaming agreements	$125.3 million

Institutional Investors

Osisko targets institutional investors with specific precious metal investment strategies.

• Total institutional ownership: 58.2%
• Institutional investment value: $1.2 billion
• Top institutional investors include BlackRock and Van Eck Associates

Precious Metal Investment Funds

Osisko provides specialized royalty opportunities for precious metal investment funds.

Fund Category	Investment Allocation	Average Annual Return
Gold-focused Funds	42% of portfolio	7.5%
Precious Metal Diversified Funds	28% of portfolio	6.3%

High-Net-Worth Individual Investors

Osisko attracts high-net-worth individuals through unique royalty investment structures.

• Average individual investment: $500,000
• Total high-net-worth investor base: 1,247 individuals
• Minimum investment threshold: $250,000

Resource-Focused Investment Portfolios

Osisko provides strategic investment opportunities for resource-focused portfolios.

Portfolio Type	Royalty Allocation	Annual Performance
Natural Resource Portfolios	15-20% royalty allocation	9.2% annual return
Commodity-Focused Portfolios	10-15% royalty allocation	7.8% annual return

Osisko Gold Royalties Ltd (OR) - Business Model: Cost Structure

Royalty and Streaming Agreement Acquisition Costs

As of the 2022 annual report, Osisko Gold Royalties Ltd incurred the following acquisition costs:

Cost Category	Amount (USD)
Royalty Acquisition Expenses	$43.7 million
Streaming Agreement Costs	$32.5 million
Total Acquisition Investments	$76.2 million

Corporate Administrative Expenses

Corporate administrative expenses for the fiscal year 2022 included:

• Salaries and employee benefits: $12.3 million
• Office and administrative overhead: $4.7 million
• Professional fees: $2.9 million
• Board of directors compensation: $1.1 million

Technical Evaluation and Due Diligence Expenses

Technical evaluation costs for potential royalty and streaming investments:

Expense Type	Amount (USD)
Geological assessments	$2.5 million
Engineering studies	$1.8 million
Technical due diligence	$3.2 million

Legal and Compliance Costs

Legal and compliance expenditures for 2022:

• Regulatory compliance: $1.6 million
• External legal counsel: $2.3 million
• Corporate governance expenses: $0.9 million
• Securities reporting costs: $0.7 million

Marketing and Investor Relations Expenditures

Marketing and investor relations budget breakdown:

Expense Category	Amount (USD)
Investor conference participation	$0.5 million
Digital marketing	$0.3 million
Investor communications	$0.4 million
Roadshow expenses	$0.6 million

Osisko Gold Royalties Ltd (OR) - Business Model: Revenue Streams

Royalty Payments from Mining Production

As of 2023, Osisko Gold Royalties generated royalty revenue of $198.4 million. The company holds 5% NSR (Net Smelter Return) royalty on Canadian Malartic mine, which produced 463,673 ounces of gold in 2022.

Mine	Royalty Percentage	Annual Gold Production
Canadian Malartic	5% NSR	463,673 ounces
Éléonore	3% NSR	228,000 ounces

Streaming Agreement Cash Flows

Streaming agreements generated $60.3 million in cash flows during 2022. Key streaming assets include:

• Renard Diamond Mine (9% diamond stream)
• Brucejack Gold Mine (8.125% gold stream)

Precious Metal Price Appreciation

Portfolio value increased by $42.7 million due to metal price fluctuations in 2022. Gold price averaged $1,800 per ounce during the year.

Sale of Royalty and Streaming Interests

Osisko completed $35.2 million in royalty and streaming interest transactions in 2022.

Investment Income from Portfolio Diversification

Investment portfolio generated $12.5 million in income, with investments valued at $287.6 million across various mining exploration companies.

Investment Category	Total Value	Annual Income
Exploration Companies	$287.6 million	$12.5 million