Osisko Metals (OM) Q2 2025 earnings summary

Executive summary

• Report covers three and six-month periods ended June 30, 2025, with figures in Canadian dollars and unaudited comparative 2024 data.

• Focus on exploration and development of base metals, with significant activity in Gaspé Copper and Pine Point projects.

Financial highlights

• Total assets at June 30, 2025 were $242.6M, down slightly from $244.8M at December 31, 2024.

• Net loss for six months ended June 30, 2025 was $12.7M, compared to $5.2M in the same period last year.

• Cash and cash equivalents decreased to $84.6M from $101.7M at year-end 2024.

• Operating loss for the quarter was $4.1M, compared to a $0.5M loss in Q2 2024.

• Basic and diluted loss per share for the six months was $0.02, unchanged year-over-year.

Outlook and guidance

• Ongoing commitment to invest $55M in Gaspé Copper over four years, with $20M minimum already met.

• Appian partnership to invest up to $100M in Pine Point over four years, advancing to final investment decision.