What the bad jobs report means for markets
MONTRÉAL - Osisko Gold Royalties Ltd (OR: TSX & NYSE), a precious metals royalty company, has received endorsements from Institutional Shareholder Services (ISS) and Glass Lewis & Co. for all proposed resolutions at its upcoming Annual and Special Meeting of Shareholders. The meeting is scheduled for May 8, 2025, and will take place at Lavery, de Billy L.L.P. in Montréal, Québec.
Both ISS and Glass Lewis, leading independent proxy advisory firms, have recommended that shareholders vote in favor of the resolutions set forth by Osisko’s Board of Directors, which has also unanimously recommended a favorable vote. With the company’s upcoming earnings report scheduled for May 7, 2025, and a strong year-to-date return of 26.8%, shareholders are urged to cast their votes by the deadline of May 6, 2025, at 1:30 p.m. Eastern Daylight Time.
Osisko, which began operations in June 2014, specializes in the acquisition of royalties, streams, and precious metal offtakes, primarily in North America and Australia. The company’s portfolio is notably anchored by a 3-5% net smelter return royalty on the Canadian Malartic Complex, one of the largest gold mines in Canada. The company maintains an impressive 96.48% gross profit margin and has raised its dividend for 4 consecutive years, according to InvestingPro analysis.
The company’s management emphasizes the importance of shareholder participation in the voting process and has made provisions for shareholders to contact the proxy solicitation agent, Laurel Hill Advisory Group, for assistance with voting their shares.
This endorsement by ISS and Glass Lewis may influence shareholder decisions leading up to the meeting, where key corporate decisions are to be ratified. Shareholders can access complete details and documents related to the meeting on Osisko’s website.
The information reported here is based on a press release statement from Osisko Gold Royalties Ltd.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.