Osisko Gold Royalties Ltd (NYSE:OR) Q1 2023 Earnings Conference Call May 11, 2023 10:00 AM ET

Company Participants

Sandeep Singh - President & Chief Executive Officer

Frederic Ruel - Chief Financial Officer & Vice President, Finance

Conference Call Participants

Ralph Profiti - Eight Capital

Kerry Smith - Haywood Securities

Cosmos Chiu - CIBC

John Tumazos - John Tumazos Very Independent Research

Operator

Good morning, ladies and gentlemen, and welcome to the Osisko Gold Royalties Q1 2023 Results Conference Call. After the presentation, we will conduct a question-and-answer session. [Operator Instructions] Please note that this call is being recorded today, May 11, 2023 at 10:00 AM Eastern Time.

Today, on the call, we have Mr. Sandeep Singh, President and Chief Executive Officer; and Mr. Frederic Ruel, Chief Financial Officer and Vice President, Finance.

I would now like to turn the meeting over to our host for today's call, Mr. Sandeep Singh.

[Foreign Language]

Sandeep Singh

Good morning, everybody. Thanks for being with us. Myself and Frederic Ruel, as you just heard, that are going to be walking you through the quarter, an excellent start to the year for us. So happy to be giving you that update. The presentation is available on the website as well as through the webcast as of this quarter. So hopefully, you have that in front of you, and we'll be referring to page numbers as we go through things.

Starting perhaps with slide 3, as I said, an excellent start to the year. On the left-hand side there, all those high-level metrics that have already been released. And as again, Fred will walk you through some of the more specifics. And a second, over the quarter, we continue to build up cash and decided to share some of it by increasing our dividend by just over 9%. We've said it over and over that we continue to prioritize returns to shareholders and look for opportunities to do that and find the right balance in doing that. So very happy to kind of hit the button on another increase after a small hiatus where we were more active on the buyback

So that's positive as well. Very happy to add forgive me, nominate Norman McDonald to our Board of Directors, phenomenal individual, phenomenal resource investor in the space for 25-plus years who many of you would have known through his prior work whether at Invesco or teachers or [indiscernible] among other places. So a phenomenal addition when he joins in due course after the AGM and look forward to having him on the team, but also want to thank Charlie Page, who is reaching the tail end of his tenure based on our policies and has decided not to stand for election. We've been a great steward for the company since the creation of Osisko royalties and the tail end of the Osisko one days. So thank him for his contributions. And look forward to adding norm to the team. Norm would make the seventh new board member in the last circa 3.5 years as part of our Board renewal process, and again, strong addition to the team.