08:15 AM EDT, 04/09/2025 (MT Newswires) -- Osisko Gold Royalties ( OR ) gained 4% at last look Wednesday in NYSE pre-market trading despite reporting lower revenue and gold equivalent deliveries in the first quarter.

The company posted preliminary revenue of US$54.9 million, down from US$60.7 million, as gold equivalent deliveries slipped to 19,014 ounces from 22,259 ounces. As of March 31, Osisko said its cash position was approximately US$63.1 million, following a US$19.6 million net repayment on its revolving credit facility during the first quarter.

Subsequent to the end of the first quarter, Osisko said it paid down an additional US$25 million against its revolving credit facility, reducing the outstanding balance to US$49.3 million.