{"id":13207,"date":"2025-08-05T00:00:00","date_gmt":"2025-08-05T05:00:00","guid":{"rendered":"https:\/\/orroyalties.com\/redevances-or-publie-ses-resultats-pour-le-deuxieme-trimestre-de-2025\/"},"modified":"2025-08-05T21:03:10","modified_gmt":"2025-08-06T02:03:10","slug":"redevances-or-publie-ses-resultats-pour-le-deuxieme-trimestre-de-2025","status":"publish","type":"post","link":"https:\/\/orroyalties.com\/fr\/redevances-or-publie-ses-resultats-pour-le-deuxieme-trimestre-de-2025\/","title":{"rendered":"Redevances OR publie ses r\u00e9sultats pour le deuxi\u00e8me trimestre de 2025"},"content":{"rendered":"<div class=\"wrap-pdf\">\n<div class=\"icon-pdf\"><\/div>\n<div class=\"pdf-box\"><a href=\"https:\/\/orroyalties.com\/app\/uploads\/2025\/08\/14-2025-AUGUST_05_FR_Results-Q2-2025_vf.pdf\" target=\"_blank\" rel=\"noopener\"> T\u00e9l\u00e9chargez en pdf<\/a><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p><em>Augmentation de 34 % des flux de tr\u00e9sorerie li\u00e9s aux activit\u00e9s d&rsquo;exploitation par rapport \u00e0 l&rsquo;ann\u00e9e pr\u00e9c\u00e9dente, pour atteindre 51,4 millions de dollars<\/em><\/p>\n<p align=\"justify\">MONTR\u00c9AL, 05 ao\u00fbt 2025 (GLOBE NEWSWIRE) &#8212; Redevances OR Inc. (la \u00ab\u00a0<strong>Soci\u00e9t\u00e9<\/strong>\u00a0\u00bb ou \u00ab\u00a0<strong>Redevances OR<\/strong>\u00a0\u00bb) (TSX et NYSE\u00a0:\u00a0OR) annonce aujourd\u2019hui ses r\u00e9sultats financiers consolid\u00e9s pour le deuxi\u00e8me trimestre de 2025. Les montants qui sont pr\u00e9sent\u00e9s sont en dollars am\u00e9ricains, sauf indication contraire.<\/p>\n<p align=\"justify\"><strong>Faits saillants <\/strong><\/p>\n<ul>\n<li style=\"text-align: justify;\">19 700 onces d\u2019\u00e9quivalent d\u2019or (\u00ab\u00a0OEO<sup>1<\/sup>\u00a0\u00bb) gagn\u00e9es (20 068 OEO au T2 2024<sup>2<\/sup>);<\/li>\n<li style=\"text-align: justify;\">Produits provenant des redevances et des flux de 60,4 millions de dollars (47,4\u00a0millions de dollars au T2 2024);<\/li>\n<li style=\"text-align: justify;\">Flux de tr\u00e9sorerie g\u00e9n\u00e9r\u00e9s par les activit\u00e9s d\u2019exploitation de 51,4 millions de dollars (38,2\u00a0millions de dollars au T2 2024);<\/li>\n<li style=\"text-align: justify;\">Marge mon\u00e9taire<sup>3<\/sup> de 57,8 millions de dollars ou 95,8 % (45,8 millions de dollars ou 96,6\u00a0% au T2 2024);<\/li>\n<li style=\"text-align: justify;\">B\u00e9n\u00e9fice net de 32,4 millions de dollars, ou 0,17 $ par action de base (perte nette de 15,4 millions de dollars, ou 0,08\u00a0$ par action de base au T2 2024);<\/li>\n<li style=\"text-align: justify;\">B\u00e9n\u00e9fice ajust\u00e9<sup>3<\/sup>\u00a0de 34,1\u00a0millions de dollars, ou 0,18 $ par action de base (24,2\u00a0millions de dollars, ou 0,13 $ par action de base au T2 2024);<\/li>\n<li style=\"text-align: justify;\">Remboursements nets de 40,0 millions de dollars sur la facilit\u00e9 de cr\u00e9dit renouvelable;<\/li>\n<li style=\"text-align: justify;\">Solde de tr\u00e9sorerie de 49,6 millions de dollars et dette de 35,7 millions de dollars au 30 juin 2025;<\/li>\n<li style=\"text-align: justify;\">Augmentation de la facilit\u00e9 de cr\u00e9dit renouvelable \u00e0 650,0 millions de dollars, en plus d\u2019une disposition accord\u00e9on non engag\u00e9e de 200,0 millions de dollars, et prolongation de la date d&rsquo;\u00e9ch\u00e9ance jusqu&rsquo;au 30 mai 2029;<\/li>\n<li style=\"text-align: justify;\">Premier paiement re\u00e7u de Cardinal Namdini Mining Ltd. au titre de la redevance de 1,0 % NSR sur Namdini;<\/li>\n<li style=\"text-align: justify;\">Premier paiement re\u00e7u de Talisker Resources Ltd. au titre de la redevance de 1,7 % NSR sur Bralorne;<\/li>\n<li style=\"text-align: justify;\">Acquisition par OR Royalties International Ltd. (\u00ab\u00a0ORIL\u00a0\u00bb) d&rsquo;un flux argentif\u00e8re de 100 % sur le projet South Railroad d&rsquo;Orla Mining Ltd. dans le Nevada, aux \u00c9tats-Unis, pour une contrepartie totale en esp\u00e8ces de 13,0 millions de dollars;<\/li>\n<li style=\"text-align: justify;\">Acquisition d&rsquo;un ensemble de redevances sur divers projets en Colombie-Britannique, au Canada, aupr\u00e8s de Sable Resources Ltd. (\u00ab\u00a0Sable Resources\u00a0\u00bb) pour une contrepartie de 3,8 millions de dollars\u00a0CA (2,8 millions de dollars), ainsi que de certains droits li\u00e9s \u00e0 l&rsquo;acquisition future d&rsquo;int\u00e9r\u00eats similaires aupr\u00e8s de Sable Resources;<\/li>\n<li style=\"text-align: justify;\">Changement de d\u00e9nomination sociale pour \u00ab\u00a0OR Royalties Inc.\u00a0\u00bb et \u00ab\u00a0Redevances OR Inc.\u00a0\u00bb (en fran\u00e7ais) apr\u00e8s avoir obtenu l&rsquo;approbation des actionnaires lors de l&rsquo;assembl\u00e9e annuelle et extraordinaire des actionnaires tenue le 8 mai 2025;<\/li>\n<li style=\"text-align: justify;\">Publication de la cinqui\u00e8me \u00e9dition du rapport de d\u00e9veloppement durable de la Soci\u00e9t\u00e9, intitul\u00e9 \u00ab\u00a0<em>Growing Responsibly<\/em>\u00a0\u00bb (Une croissance responsable), en plus du recueil d\u2019actifs 2025 de Redevances OR; et<\/li>\n<li style=\"text-align: justify;\">D\u00e9claration d&rsquo;un dividende trimestriel de 0,055\u00a0$ par action ordinaire payable le 15\u00a0juillet 2025 aux actionnaires inscrits aux registres en date du 30 juin 2025 \u00e0 la fermeture des bureaux, une augmentation de 20 % par rapport au dividende trimestriel pr\u00e9c\u00e9dent, sur la base du taux de change ($ CA\/$ US) \u00e0 la date de d\u00e9claration du dividende du premier trimestre.<\/li>\n<\/ul>\n<p align=\"justify\"><strong>Apr\u00e8s le 30 juin 2025<\/strong><\/p>\n<ul>\n<li style=\"text-align: justify;\">Remboursements suppl\u00e9mentaires de 21,0 millions de dollars dans le cadre de la facilit\u00e9 de cr\u00e9dit renouvelable;<\/li>\n<li style=\"text-align: justify;\">D\u00e9claration d&rsquo;un dividende trimestriel de 0,055 $ par action ordinaire payable le 15 octobre 2025 aux actionnaires inscrits \u00e0 la fermeture des bureaux le 30 septembre 2025;<\/li>\n<li style=\"text-align: justify;\">Osisko D\u00e9veloppement Corp. l\u00e8ve 645 millions de dollars pour d\u00e9marrer les activit\u00e9s de construction \u00e0 Cariboo ; et<\/li>\n<li style=\"text-align: justify;\">Tel que pr\u00e9vu, Ramelius Resources Limited a envoy\u00e9 un avis de rachat anticip\u00e9 portant sur 20 % de la redevance sur le revenu brut (\u00ab\u00a0GRR\u00a0\u00bb) de Dalgaranga, r\u00e9duisant ainsi le taux de la GRR sur Dalgaranga de 1,8 % \u00e0 1,44 %, et le taux de la GRR sur les projets Glenburgh et Mt Egerton de Benz Mining Corp., de 1,35 % \u00e0 1,08 %.<\/li>\n<\/ul>\n<p align=\"justify\"><strong>Commentaire de la direction<\/strong><\/p>\n<p align=\"justify\">Jason Attew, pr\u00e9sident et chef de la direction de Redevances OR, a d\u00e9clar\u00e9\u00a0: \u00ab\u00a0Redevances OR est en bonne voie pour atteindre son objectif annuel de 80 000 \u00e0 88 000 OEO pour 2025, car nous pr\u00e9voyons un second semestre l\u00e9g\u00e8rement plus fort en termes d\u2019OEO gagn\u00e9es. En examinant de plus pr\u00e8s certains de nos principaux contributeurs en mati\u00e8re d\u2019OEO au cours des six derniers mois, nous avons constat\u00e9 une performance accrue continue \u00e0 Canadian Malartic, qui a largement compens\u00e9 la sous-performance li\u00e9e \u00e0 la teneur en argent \u00e0 Mantos Blancos.<\/p>\n<p align=\"justify\">Par ailleurs, nous avons eu le plaisir de recevoir, au cours du deuxi\u00e8me trimestre, nos premiers paiements de redevances provenant \u00e0 la fois de la mine d&rsquo;or Namdini de Cardinal Namdini Mining au Ghana et de la mine d&rsquo;or Bralorne de Talisker Resources, en Colombie-Britannique, ce qui porte \u00e0 22 le nombre total d&rsquo;actifs en production dans notre portefeuille. Nous souhaitons bonne chance aux deux exploitants qui vont intensifier leurs activit\u00e9s respectives au cours du reste de l&rsquo;ann\u00e9e.<\/p>\n<p align=\"justify\">Tel qu\u2019indiqu\u00e9 pr\u00e9c\u00e9demment dans notre communiqu\u00e9 de presse du 2 juin 2025, au cours des sept premiers mois de l&rsquo;ann\u00e9e, plusieurs actifs de notre portefeuille, qui ne font pas partie de nos pr\u00e9visions sur cinq ans, ont connu des avanc\u00e9es positives. En plus de tous ces progr\u00e8s, nous pr\u00e9voyons \u00e9galement les d\u00e9veloppements d\u00e9terminants suivants pour notre portefeuille avant la fin de l&rsquo;ann\u00e9e : l&rsquo;\u00e9tude d&rsquo;expansion du district Island Gold par Alamos Gold; la mise \u00e0 jour de l&rsquo;\u00e9tude de faisabilit\u00e9 de Windfall par Gold Fields, ainsi que les permis d\u00e9finitifs du projet; l&rsquo;\u00e9tude de faisabilit\u00e9 int\u00e9gr\u00e9e de Ramelius Resources pour Dalgaranga, ainsi que la possibilit\u00e9 d&rsquo;une premi\u00e8re production d&rsquo;or de la mine plus tard cette ann\u00e9e; l&rsquo;\u00e9tude de faisabilit\u00e9 actualis\u00e9e d&rsquo;Orla Mining pour South Railroad; des mises \u00e0 jour d&rsquo;Osisko D\u00e9veloppement alors que la soci\u00e9t\u00e9 entame les activit\u00e9s de construction de la mine \u00e0 Cariboo; et enfin, la conclusion de l&rsquo;acquisition de MAC Copper par Harmony Gold, qui permettra \u00e0 CSA d&rsquo;\u00eatre optimis\u00e9e par l&rsquo;un des meilleurs exploitants miniers souterrains \u00e0 grande profondeur au monde.<\/p>\n<p align=\"justify\">Enfin, je tiens \u00e0 souligner la solidit\u00e9 actuelle du bilan de la Soci\u00e9t\u00e9, non seulement gr\u00e2ce \u00e0 l&rsquo;augmentation r\u00e9cente de notre facilit\u00e9 de cr\u00e9dit renouvelable, mais aussi parce qu&rsquo;au 30 juin 2025, Redevances OR affichait pour la premi\u00e8re fois depuis plusieurs ann\u00e9es une position de tr\u00e9sorerie nette positive. Cette liquidit\u00e9 accrue donne \u00e0 la soci\u00e9t\u00e9 la capacit\u00e9 financi\u00e8re n\u00e9cessaire pour saisir des opportunit\u00e9s de croissance rentables.\u00a0\u00bb<\/p>\n<p><strong>D\u00c9TAILS RELATIFS \u00c0 LA CONF\u00c9RENCE T\u00c9L\u00c9PHONIQUE ET LA WEBDIFFUSION SUR LES R\u00c9SULTATS DU DEUXI\u00c8ME TRIMESTRE DE 2025<\/strong><\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"max-width: 25%; width: 25%; min-width: 25%; ;text-align: justify; vertical-align: top;\">Conf\u00e9rence t\u00e9l\u00e9phonique :<\/td>\n<td style=\"max-width: 75%; width: 75%; min-width: 75%; ;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: top;\">Mercredi, 6 ao\u00fbt 2025, 10:00 HE<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Num\u00e9ros de t\u00e9l\u00e9phone\u00a0:<br \/>\n<strong>(option 1)<\/strong><\/td>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Sans frais en Am\u00e9rique du Nord: 1 (800) 717-1738<br \/>\nAppels locaux Montr\u00e9al : 1 (514) 400-3792<br \/>\nAppels locaux Toronto : 1 (289) 514-5100<br \/>\nAppels locaux New York : 1 (646) 307-1865<br \/>\nID de la conf\u00e9rence\u00a0: 57040<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Lien pour la webdiffusion\u00a0:<br \/>\n<strong>(option 2)<\/strong><\/td>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\"><a title=\"\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=wvf-LgdCuDxHr52qln-kkskezzdb0_UflNio-u8bAX1x1reXDAj9TI7IoVLzeDQ85l-xi_vGP9mrcZsmqf12fyAZCxExJCTOYVYDj-1mEMcYMopOiTBJ5wQbHUHWpwhx9hAXR9s5w0ub6GkOy57cAypJL9O-OfMaGOZ5zFvEj19G8i6MWPdWmBMqTtD-4KYjvgSw3t6dg5R4Kl1vGzReCAiDWK45zE5TFDQUSgOfBA8=\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/viavid.webcasts.com\/starthere.jsp?ei=1725297&amp;tp_key=efb4711705<\/a><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Reprise (disponible jusqu\u2019au samedi 6 septembre 2025 \u00e0 23:59 HE) :<\/td>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Sans frais en Am\u00e9rique du Nord : 1 (888) 660-6264<br \/>\nAppels locaux Toronto : 1 (289) 819-1325<br \/>\nAppels locaux New York : 1 (646) 517-3975<br \/>\nCode d\u2019acc\u00e8s\u00a0: 57040#<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Reprise \u00e9galement disponible sur notre site web au <a title=\"www.ORroyalties.com\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=UW9Mc9js7Vtfp9PqOyeIcHdamqavupndtAjSQT-g9NAs5KgO0gwqkGjzNsp1EElxNEQra1LwTIxnET687Y5jyysXK4C1XrDXrCqh3PUJDcI=\" target=\"_blank\" rel=\"nofollow noopener\">www.ORroyalties.com<\/a><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\"><strong>Personne qualifi\u00e9e<\/strong><\/p>\n<p align=\"justify\">Le contenu scientifique et technique du pr\u00e9sent communiqu\u00e9 a \u00e9t\u00e9 r\u00e9vis\u00e9 et approuv\u00e9 par Guy Desharnais, Ph.D., g\u00e9o., vice-pr\u00e9sident, \u00e9valuation de projets chez Redevances OR Inc., et \u00ab personne qualifi\u00e9e \u00bb en vertu du R\u00e8glement 43-101 sur l\u2019information concernant les projets miniers (le \u00ab\u00a0R\u00e8glement 43-101\u00a0\u00bb).<\/p>\n<p align=\"justify\"><strong>\u00c0 propos de Redevances OR Inc.<\/strong><\/p>\n<p align=\"justify\">Redevances OR est une soci\u00e9t\u00e9 de redevances et de flux de m\u00e9taux pr\u00e9cieux ax\u00e9e sur des juridictions mini\u00e8res de premier plan, telles que le Canada, les \u00c9tats-Unis et l\u2019Australie. Redevances OR a d\u00e9but\u00e9 ses activit\u00e9s en juin 2014 avec un seul actif en production et d\u00e9tient aujourd\u2019hui un portefeuille de plus de 195 redevances, flux de m\u00e9taux et droits similaires. Le portefeuille de Redevances OR s\u2019appuie sur son actif cl\u00e9, une redevance de 3 % \u00e0 5 % sur le rendement net de fonderie du complexe Canadian Malartic de Mines Agnico Eagle Lt\u00e9e, l\u2019une des plus importantes op\u00e9rations aurif\u00e8res \u00e0 l\u2019\u00e9chelle mondiale.<\/p>\n<p align=\"justify\">Le si\u00e8ge social de Redevances OR est situ\u00e9 au 1100, avenue des Canadiens-de-Montr\u00e9al, bureau 300, Montr\u00e9al (Qu\u00e9bec) H3B 2S2.<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"vertical-align: middle;\" colspan=\"2\"><strong>Pour de plus amples informations, veuillez contacter Redevances OR Inc. :<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width: 50%; width: 50%; min-width: 50%; ;vertical-align: top;\">Grant Moenting<br \/>\nVice-pr\u00e9sident, march\u00e9s des capitaux<br \/>\nT\u00e9l : (514) 940-0670 #116<br \/>\nPortable : (365) 275-1954<br \/>\nCourriel : <a title=\"gmoenting@ORroyalties.com\" href=\"mailto:gmoenting@ORroyalties.com\" target=\"_blank\" rel=\"nofollow noopener\">gmoenting@ORroyalties.com<\/a><\/td>\n<td style=\"max-width: 50%; width: 50%; min-width: 50%; ;vertical-align: top;\">Heather Taylor<br \/>\nVice-pr\u00e9sidente, d\u00e9veloppement durable et communications<br \/>\nT\u00e9l : (514) 940-0670 #105<br \/>\nCourriel : <a title=\"htaylor@ORroyalties.com\" href=\"mailto:htaylor@ORroyalties.com\" target=\"_blank\" rel=\"nofollow noopener\">htaylor@ORroyalties.com<\/a><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\"><strong>Notes\u00a0:<\/strong><\/p>\n<p align=\"justify\">(1) <u>Onces d\u2019\u00e9quivalent d\u2019or<\/u><\/p>\n<p align=\"justify\">Les OEO sont calcul\u00e9es trimestriellement et comprennent les redevances et les flux. Les onces d\u2019argent et les tonnes de cuivre provenant d\u2019ententes de redevances et de flux ont \u00e9t\u00e9 converties en onces d\u2019\u00e9quivalent d\u2019or en multipliant le nombre d\u2019onces d\u2019argent et de tonnes de cuivre gagn\u00e9es par le prix moyen de l\u2019once d\u2019argent ou du cuivre par tonne pour la p\u00e9riode, puis divis\u00e9 par le prix moyen de l\u2019once d\u2019or pour la p\u00e9riode. Les redevances en tr\u00e9sorerie, et les autres m\u00e9taux et mati\u00e8res premi\u00e8res ont \u00e9t\u00e9 convertis en onces d\u2019\u00e9quivalent d\u2019or en divisant le produit associ\u00e9 par le prix moyen de l\u2019once d\u2019or pour la p\u00e9riode.<\/p>\n<p align=\"justify\"><u>Prix moyen des m\u00e9taux et taux de change<\/u><\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: top;\" colspan=\"5\">Trois mois termin\u00e9s<br \/>\nle 30 juin<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width: 75%; width: 75%; min-width: 75%; ;text-align: right; vertical-align: top;\"><\/td>\n<td style=\"max-width: 10%; width: 10%; min-width: 10%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\">2025<\/td>\n<td style=\"max-width: 2%; width: 2%; min-width: 2%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"max-width: 10%; width: 10%; min-width: 10%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\">2024<\/td>\n<td style=\"max-width: 2%; width: 2%; min-width: 2%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Or <sup>(i)<\/sup><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">3 280<\/td>\n<td style=\"padding-left: 0; text-align: right; vertical-align: top;\">$<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">2 338<\/td>\n<td style=\"padding-left: 0; text-align: right; vertical-align: top;\">$<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Argent <sup>(ii)<\/sup><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">33,68<\/td>\n<td style=\"padding-left: 0; text-align: right; vertical-align: top;\">$<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">28,84<\/td>\n<td style=\"padding-left: 0; text-align: right; vertical-align: top;\">$<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Cuivre <sup>(iii)<\/sup><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">9 524<\/td>\n<td style=\"padding-left: 0; text-align: right; vertical-align: top;\">$<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">9 753<\/td>\n<td style=\"padding-left: 0; text-align: right; vertical-align: top;\">$<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Taux de change ($ CA\/$ US) <sup>(iv)<\/sup><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">0,7226<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">0,7308<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ol style=\"list-style-type: lower-roman;\">\n<li style=\"text-align: justify;\">Le prix moyen repr\u00e9sente le prix pm par once en dollars am\u00e9ricains selon le London Bullion Market Association.<\/li>\n<li style=\"text-align: justify;\">Le prix moyen repr\u00e9sente le prix par once en dollars am\u00e9ricains selon le London Bullion Market Association.<\/li>\n<li style=\"text-align: justify;\">Le prix moyen repr\u00e9sente le prix par tonne en dollars am\u00e9ricains selon le London Metal Exchange.<\/li>\n<li style=\"text-align: justify;\">Taux quotidien de la Banque du Canada.<\/li>\n<\/ol>\n<p align=\"justify\">(2) Trois mois termin\u00e9s le 30 juin 2024 (\u00ab\u00a0T2 2024\u00a0\u00bb).<\/p>\n<p align=\"justify\">(3) <u>Mesures non conformes aux Normes IFRS de comptabilit\u00e9<\/u><\/p>\n<p align=\"justify\"><em>Marge mon\u00e9taire<\/em><\/p>\n<p>La marge mon\u00e9taire en dollars et en pourcentage des produits est une mesure financi\u00e8re non conforme aux IFRS. La marge mon\u00e9taire (en dollars) est d\u00e9finie par Redevances OR comme \u00e9tant les produits moins le co\u00fbt des ventes (excluant l&rsquo;\u00e9puisement). La marge mon\u00e9taire (en pourcentage des produits) est obtenue en divisant la marge mon\u00e9taire (en dollars) par les produits.<\/p>\n<p align=\"justify\">La direction utilise la marge mon\u00e9taire en dollars et en pourcentage des produits pour \u00e9valuer la capacit\u00e9 de Redevances OR \u00e0 g\u00e9n\u00e9rer des flux de tr\u00e9sorerie positifs \u00e0 partir de ses redevances, de ses flux de m\u00e9taux et de ses autres droits. La direction et certains investisseurs utilisent \u00e9galement cette information, ainsi que des mesures d\u00e9termin\u00e9es conform\u00e9ment aux normes IFRS de comptabilit\u00e9 telles que la marge brute et les flux de tr\u00e9sorerie d&rsquo;exploitation, pour \u00e9valuer la performance de Redevances OR par rapport \u00e0 des pairs de l&rsquo;industrie mini\u00e8re qui pr\u00e9sentent ces mesures sur une base similaire. La marge mon\u00e9taire en dollars et en pourcentage des produits ne vise qu&rsquo;\u00e0 fournir de l&rsquo;information additionnelle aux investisseurs et aux analystes et ne devraient pas \u00eatre consid\u00e9r\u00e9e isol\u00e9ment ou comme substitut aux mesures de rendement pr\u00e9par\u00e9es conform\u00e9ment aux normes IFRS de comptabilit\u00e9. Elles n&rsquo;ont pas de signification standardis\u00e9e selon les normes IFRS de comptabilit\u00e9 et peuvent ne pas \u00eatre comparables \u00e0 des mesures similaires pr\u00e9sent\u00e9es par d&rsquo;autres \u00e9metteurs.<\/p>\n<p>Une conciliation de la marge mon\u00e9taire par type de droits (en milliers de dollars et en pourcentage des produits) est pr\u00e9sent\u00e9e ci-dessous :<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"4\"><strong>Trois mois termin\u00e9s<\/strong><br \/>\n<strong>le 30 juin<\/strong><strong><br \/>\n<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"4\"><strong>Six mois termin\u00e9s<br \/>\n<\/strong><strong>le 30 juin<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width: 49%; width: 49%; min-width: 49%; ;vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 10%; width: 10%; min-width: 10%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>2025<\/strong><\/td>\n<td style=\"max-width: 2%; width: 2%; min-width: 2%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 10%; width: 10%; min-width: 10%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>2024<\/strong><\/td>\n<td style=\"max-width: 2%; width: 2%; min-width: 2%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;text-align: right; vertical-align: top;\"><\/td>\n<td style=\"max-width: 10%; width: 10%; min-width: 10%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>2025<\/strong><\/td>\n<td style=\"max-width: 2%; width: 2%; min-width: 2%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 10%; width: 10%; min-width: 10%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>2024<\/strong><\/td>\n<td style=\"max-width: 2%; width: 2%; min-width: 2%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><strong>$<\/strong><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><strong>$<\/strong><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><strong><u>Droits de redevances<\/u><\/strong><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Produits<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">42 185<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">33 790<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">78 975<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">66 819<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Moins\u00a0: co\u00fbt des ventes (excluant l\u2019\u00e9puisement)<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(171<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(106<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(316<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(184<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Marge mon\u00e9taire (en dollars)<\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">42 014<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">33 684<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">78 659<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">66 635<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">\u00c9puisement<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(3 408<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(3 918<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(6 118<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(8 022<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><strong>Profit brut<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>38 606\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>29 766\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>72 541\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>58 613\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><strong><u>Droits de flux<\/u><\/strong><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Produits<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">18 179<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">13 601<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">36 305<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">25 619<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Moins\u00a0: co\u00fbt des ventes (excluant l\u2019\u00e9puisement)<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(2 389<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(1 522<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(3 863<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(2 803<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Marge mon\u00e9taire (en dollars)<\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">15 790<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">12 079<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">32 442<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">22 816<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">\u00c9puisement<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(4 205<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(3 691<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(9 239<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(8 133<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><strong>Profit brut<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>11 585\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>8 388\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>23 203\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>14 683\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><strong><u>Droits de redevances et de flux<\/u><\/strong><br \/>\nMarge mon\u00e9taire totale (en dollars)<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">57 804<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">45 763<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">111 101<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">89 451<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Divis\u00e9e par : produits totaux<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">60 364<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">47 391<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">115 280<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">92 438<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Marge mon\u00e9taire (en pourcentage des produits)<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">95,8<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: right; vertical-align: bottom;\">%<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">96,6<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: right; vertical-align: bottom;\">%<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">96,4<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: right; vertical-align: bottom;\">%<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">96,8<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: right; vertical-align: bottom;\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><strong>Total \u2013 profit brut<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>50 191\u00a0<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>38 154\u00a0<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>95 744\u00a0<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>73 296\u00a0<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 25.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 25.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\"><em>B\u00e9n\u00e9fice ajust\u00e9 et b\u00e9n\u00e9fice ajust\u00e9 par action de base<\/em><\/p>\n<p align=\"justify\">Le b\u00e9n\u00e9fice ajust\u00e9 et le b\u00e9n\u00e9fice ajust\u00e9 par action de base sont des mesures financi\u00e8res non conformes aux IFRS et sont d\u00e9finis par Redevances OR en excluant les \u00e9l\u00e9ments suivants du b\u00e9n\u00e9fice net (perte nette) et du b\u00e9n\u00e9fice (perte) par action\u00a0: le\u00a0gain (la perte) de change, la d\u00e9pr\u00e9ciation d\u2019actifs et la reprise de pertes de valeur pass\u00e9es li\u00e9es aux droits de redevances, de flux de m\u00e9taux et autres droits, les variations de la provision pour pertes de cr\u00e9dit attendues, les radiations et les d\u00e9pr\u00e9ciations d&rsquo;investissements, les gains (pertes) \u00e0 la cession d\u2019actifs, les gains (pertes) sur placements, la quote-part du gain (perte) d\u2019entreprises associ\u00e9es, les co\u00fbts de transaction et autres items tels que les gains (pertes) hors caisse, ainsi que l&rsquo;impact de l&rsquo;imp\u00f4t sur le revenu sur ces \u00e9l\u00e9ments. Le b\u00e9n\u00e9fice ajust\u00e9 par action de base est obtenu en divisant le b\u00e9n\u00e9fice ajust\u00e9 par le nombre moyen pond\u00e9r\u00e9 d\u2019actions ordinaires en circulation pour la p\u00e9riode.<\/p>\n<p align=\"justify\">La direction utilise le b\u00e9n\u00e9fice ajust\u00e9 et le b\u00e9n\u00e9fice ajust\u00e9 par action de base pour \u00e9valuer la performance op\u00e9rationnelle sous-jacente de Redevances OR dans son ensemble pour les p\u00e9riodes pr\u00e9sent\u00e9es, pour aider \u00e0 la planification et \u00e0 la pr\u00e9vision des r\u00e9sultats op\u00e9rationnels futurs, et pour compl\u00e9ter l&rsquo;information contenue dans ses \u00e9tats financiers consolid\u00e9s. La direction estime qu&rsquo;en plus des mesures pr\u00e9par\u00e9es conform\u00e9ment aux normes IFRS de comptabilit\u00e9, telles que le b\u00e9n\u00e9fice net (perte nette) et le b\u00e9n\u00e9fice net (perte nette) par action de base, les investisseurs et les analystes utilisent le b\u00e9n\u00e9fice ajust\u00e9 et le b\u00e9n\u00e9fice ajust\u00e9 par action de base pour \u00e9valuer les r\u00e9sultats de l&rsquo;activit\u00e9 sous-jacente de Redevances OR, en particulier parce que les \u00e9l\u00e9ments exclus ne sont g\u00e9n\u00e9ralement pas inclus dans les pr\u00e9visions annuelles de Redevances OR. Bien que les ajustements au b\u00e9n\u00e9fice net (perte nette) et au b\u00e9n\u00e9fice net (perte nette) par action de base dans ces mesures comprennent des \u00e9l\u00e9ments qui sont \u00e0 la fois r\u00e9currents et non r\u00e9currents, la direction croit que le b\u00e9n\u00e9fice ajust\u00e9 et le b\u00e9n\u00e9fice net ajust\u00e9 par action de base sont des mesures utiles de la performance de Redevances OR parce qu&rsquo;ils s&rsquo;ajustent pour des \u00e9l\u00e9ments qui peuvent ne pas \u00eatre reli\u00e9s ou avoir un effet disproportionn\u00e9 sur la p\u00e9riode pendant laquelle ils sont constat\u00e9s, avoir un impact sur la comparabilit\u00e9 des r\u00e9sultats d&rsquo;exploitation de base d&rsquo;une p\u00e9riode \u00e0 l&rsquo;autre, ne pas toujours refl\u00e9ter la performance d&rsquo;exploitation sous-jacente de l&rsquo;entreprise et\/ou ne pas \u00eatre n\u00e9cessairement indicatifs des r\u00e9sultats d&rsquo;exploitation futurs. Le b\u00e9n\u00e9fice net ajust\u00e9 et le b\u00e9n\u00e9fice net ajust\u00e9 par action de base sont destin\u00e9s \u00e0 fournir des informations suppl\u00e9mentaires aux investisseurs et aux analystes et ne doivent pas \u00eatre consid\u00e9r\u00e9s isol\u00e9ment ou comme un substitut aux mesures de performance pr\u00e9par\u00e9es conform\u00e9ment aux normes IFRS de comptabilit\u00e9. Ils n&rsquo;ont pas de signification standardis\u00e9e selon les normes IFRS de comptabilit\u00e9 et peuvent ne pas \u00eatre comparables \u00e0 des mesures similaires pr\u00e9sent\u00e9es par d&rsquo;autres \u00e9metteurs.<\/p>\n<p align=\"justify\">Une conciliation entre le b\u00e9n\u00e9fice net et le b\u00e9n\u00e9fice net ajust\u00e9 est pr\u00e9sent\u00e9e ci-dessous :<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: top;\" colspan=\"4\"><strong>Trois mois termin\u00e9s<\/strong><br \/>\n<strong>le 30 juin<\/strong><strong><br \/>\n<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: top;\" colspan=\"4\"><strong>Six mois termin\u00e9s<\/strong><br \/>\n<strong>le 30 juin<\/strong><strong><br \/>\n<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width: 49%; width: 49%; min-width: 49%; ;vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 11%; width: 11%; min-width: 11%; ;padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>2025<\/strong><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 11%; width: 11%; min-width: 11%; ;padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>2024<\/strong><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 11%; width: 11%; min-width: 11%; ;border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>2025<\/strong><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 11%; width: 11%; min-width: 11%; ;border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>2024<\/strong><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify; vertical-align: top;\"><em>(en milliers de dollars,<\/em><br \/>\n<em>\u00e0 l\u2019exception des montants par action)<\/em><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify; vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"3\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"3\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"3\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify; vertical-align: top;\">B\u00e9n\u00e9fice net (perte nette)<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">32 358<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(15 416<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">57 998<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(4 247<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify; vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"3\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"3\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"3\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Ajustements\u00a0:<\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"3\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"3\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"3\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">D\u00e9pr\u00e9ciation des droits de redevances<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">49 558<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">49 558<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">(Gain) perte de change<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(665<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">782<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(825<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">3 193<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Quote-part de la perte d\u2019entreprises associ\u00e9es<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">2 113<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">2 278<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">5 865<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">12 331<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Variations de la provision pour pertes de cr\u00e9dit attendues et radiations<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(1 399<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Perte (gain) sur les placements<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">24<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">259<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">310<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(79<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Impact fiscal des ajustements<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">305<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(13 223<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">264<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(13 087<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"3\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"3\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"3\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><strong>B\u00e9n\u00e9fice ajust\u00e9<\/strong><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>34 135<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>24 238<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>63 612<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>46 270<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"3\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"3\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"3\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Nombre moyen pond\u00e9r\u00e9 d\u2019actions ordinaires en circulation (en milliers)<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">187 746<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">186 217<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">187 362<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">186 009<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"3\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"3\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"3\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><strong>B\u00e9n\u00e9fice ajust\u00e9 par action de base<\/strong><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>0,18\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>0,13\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>0,34<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>0,25<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\"><strong><em>\u00c9nonc\u00e9s prospectifs <\/em><\/strong><\/p>\n<p align=\"justify\"><em>Certains \u00e9nonc\u00e9s contenus dans ce communiqu\u00e9 de presse peuvent \u00eatre consid\u00e9r\u00e9s comme des \u00e9nonc\u00e9s prospectifs, au sens du\u00a0United States Private Securities Litigation Reform Act of 1995, et comme de l\u2019information prospective au sens des lois applicables sur les valeurs mobili\u00e8res canadiennes.\u00a0Les \u00e9nonc\u00e9s prospectifs sont des \u00e9nonc\u00e9s qui ne sont pas des faits historiques et qui font r\u00e9f\u00e9rence, sans s\u2019y limiter, \u00e0 des \u00e9v\u00e9nements futurs, que Redevances OR atteindra ses perspectives de production, que les travaux de mise en valeur et les \u00e9tapes \u00e0 franchir par les exploitants des propri\u00e9t\u00e9s dans lesquelles la Soci\u00e9t\u00e9 d\u00e9tient des droits seront r\u00e9alis\u00e9s en temps opportun, et que la mine CSA sera optimis\u00e9e avec succ\u00e8s. Les \u00e9nonc\u00e9s prospectifs sont des \u00e9nonc\u00e9s qui ne sont pas des faits historiques et qui sont g\u00e9n\u00e9ralement, mais pas toujours, identifi\u00e9s par les mots suivants l\u2019emploi de mots comme \u00ab\u00a0est pr\u00e9vu\u00a0\u00bb, \u00ab pr\u00e9voit \u00bb, \u00ab planifie \u00bb, \u00ab anticipe \u00bb, \u00ab croit \u00bb, \u00ab a l\u2019intention \u00bb, \u00ab estime \u00bb, \u00ab\u00a0projette \u00bb, \u00ab potentiel \u00bb, \u00ab \u00e9ch\u00e9ancier \u00bb, et autres expressions semblables ou des variations (incluant les variantes n\u00e9gatives de ces mots ou phrases), ou qui peuvent \u00eatre identifi\u00e9s par des affirmations \u00e0 l\u2019effet que certaines actions, \u00e9v\u00e9nements ou conditions \u00ab se produiront \u00bb, \u00ab pourraient \u00bb ou \u00ab devraient \u00bb se produire. Les \u00e9nonc\u00e9s prospectifs sont assujettis \u00e0 des risques connus et inconnus, des incertitudes et d\u2019autres facteurs, la plupart desquels Redevances OR ne contr\u00f4le pas, et les r\u00e9sultats r\u00e9els pourraient diff\u00e9rer sensiblement des r\u00e9sultats pr\u00e9vus dans les \u00e9nonc\u00e9s prospectifs. Ces facteurs de risque comprennent, sans s&rsquo;y limiter, (i) en ce qui concerne les propri\u00e9t\u00e9s dans lesquelles Redevances OR d\u00e9tient une redevance, un flux ou un autre droit; les risques li\u00e9s : (a) aux exploitants des propri\u00e9t\u00e9s, (b) au d\u00e9veloppement dans les d\u00e9lais pr\u00e9vus, \u00e0 l&rsquo;obtention des permis, \u00e0 la construction, au d\u00e9but de la production, \u00e0 l&rsquo;accroissement de la production (y compris les d\u00e9fis op\u00e9rationnels et techniques) en temps opportun, (c) aux diff\u00e9rences dans le d\u00e9bit et le moment de la production par rapport aux estimations des ressources min\u00e9rales ou aux pr\u00e9visions de production des exploitants, (d) aux diff\u00e9rences dans le taux de conversion des ressources en r\u00e9serves min\u00e9rales et \u00e0 la capacit\u00e9 de remplacer les ressources, (e) l&rsquo;issue d\u00e9favorable de toute contestation ou litige concernant les titres de propri\u00e9t\u00e9, les permis ou licence d\u2019exploitation, (f) les risques et incertitudes associ\u00e9s aux activit\u00e9s d&rsquo;exploration, de d\u00e9veloppement et d&rsquo;exploitation mini\u00e8re, y compris, mais sans s&rsquo;y limiter, les conditions g\u00e9ologiques et m\u00e9tallurgiques inhabituelles ou inattendues, les ruptures de pente ou les effondrements, les inondations et autres catastrophes naturelles ou les troubles civils ou autres risques non assur\u00e9s; (ii) en ce qui concerne les facteurs externes\u00a0: (a) les fluctuations des prix des mati\u00e8res premi\u00e8res qui supportent des redevances, des flux, des ententes d\u2019\u00e9coulement de m\u00e9taux et des investissements d\u00e9tenus par Redevances OR, (b) une guerre commerciale ou de nouvelles barri\u00e8res tarifaires,(c) les fluctuations de la valeur du dollar canadien par rapport au dollar am\u00e9ricain, (d) les changements de r\u00e9glementation des gouvernements nationaux et locaux, y compris les r\u00e9gimes de permis et de licences et les politiques fiscales; les r\u00e8glements et les d\u00e9veloppements politiques ou \u00e9conomiques dans l&rsquo;un ou l&rsquo;autre des pays o\u00f9 sont situ\u00e9es les propri\u00e9t\u00e9s sur lesquelles Redevances OR d\u00e9tient une redevance, un flux ou un autre droit, ou par l&rsquo;entremise desquelles elles sont d\u00e9tenues, (e) la disponibilit\u00e9 continue du capital et du financement \u00e0 Redevances OR ou aux op\u00e9rateurs des propri\u00e9t\u00e9s, et les conditions g\u00e9n\u00e9rales de l&rsquo;\u00e9conomie, du march\u00e9 ou des affaires, et (f) les r\u00e9ponses des gouvernements concern\u00e9s aux \u00e9pid\u00e9mies de maladies infectieuses et l&rsquo;efficacit\u00e9 de ces r\u00e9ponses, ainsi que l&rsquo;impact potentiel des \u00e9pid\u00e9mies de maladies infectieuses sur les activit\u00e9s, les op\u00e9rations et la situation financi\u00e8re de Redevances OR; (iii) en ce qui concerne les facteurs internes : (a) les occasions d\u2019affaires qui peuvent ou non devenir disponibles pour Redevances OR, ou qui sont poursuivies par Redevances OR, (b) l\u2019int\u00e9gration des actifs acquis, ou (c) la d\u00e9termination du statut PFIC de Redevances OR, (d) que les informations financi\u00e8res pr\u00e9liminaires peuvent faire l\u2019objet d\u2019ajustements \u00e0 la fin du trimestre. Les \u00e9nonc\u00e9s prospectifs contenus dans le pr\u00e9sent communiqu\u00e9 de presse sont fond\u00e9s sur des hypoth\u00e8ses que la direction juge raisonnables, notamment l&rsquo;absence de changement significatif dans les revenus et les actifs courants de la Soci\u00e9t\u00e9 en ce qui concerne la d\u00e9termination de son statut de PFIC; l&rsquo;absence de tout autre facteur qui pourrait faire en sorte que les actions, les \u00e9v\u00e9nements ou les r\u00e9sultats diff\u00e8rent de ceux anticip\u00e9s, estim\u00e9s ou pr\u00e9vus et, en ce qui concerne les propri\u00e9t\u00e9s dans lesquelles Redevances OR d\u00e9tient une redevance, un flux ou un autre droit, (i) l&rsquo;exploitation continue des propri\u00e9t\u00e9s par les propri\u00e9taires ou les exploitants de ces propri\u00e9t\u00e9s d&rsquo;une mani\u00e8re conforme aux pratiques ant\u00e9rieures et \u00e0 la divulgation publique (y compris les pr\u00e9visions de production), (ii) l&rsquo;exactitude des d\u00e9clarations publiques et des divulgations faites par les propri\u00e9taires ou les exploitants de ces propri\u00e9t\u00e9s sous-jacentes (y compris les pr\u00e9visions de d\u00e9veloppement des propri\u00e9t\u00e9s sous-jacentes qui ne sont pas encore en production), (iii) l&rsquo;absence de d\u00e9veloppement d\u00e9favorable concernant toute propri\u00e9t\u00e9 importante, (iv) l&rsquo;exactitude des d\u00e9clarations et des estimations relatives aux r\u00e9serves et aux ressources min\u00e9rales faites par les propri\u00e9taires et les exploitants et (v) la mise en \u0153uvre d&rsquo;un plan ad\u00e9quat d&rsquo;int\u00e9gration des actifs acquis.<\/em><\/p>\n<p align=\"justify\"><em>Pour plus de d\u00e9tails au sujet des risques, incertitudes et hypoth\u00e8ses, veuillez consulter la plus r\u00e9cente notice annuelle de Redevances OR d\u00e9pos\u00e9e aupr\u00e8s des commissions en valeurs mobili\u00e8res canadiennes et disponible en versions \u00e9lectroniques sous le profil de l\u2019\u00e9metteur de Redevances OR sur SEDAR+, au\u00a0<\/em><a title=\"\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=VKlcq3VBLxCc1WSb9Km-RZ2r3oCBX4xoTBWCmEoVjaIXOBDg5kSri_oZuinU2imP_G_zSnDMOiJIyHOEXjBKO9lD3x_8cPSCkd0l-BxaYV8=\" target=\"_blank\" rel=\"nofollow noopener\"><em>www.sedarplus.com<\/em><\/a><em>, et aupr\u00e8s de la Securities and Exchange Commission (\u00ab\u00a0SEC\u00a0\u00bb) aux \u00c9tats-Unis, sur EDGAR, au <\/em><a title=\"\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=VKlcq3VBLxCc1WSb9Km-ReZC6ycl9vA6wGyaxKNmPoSFc-LfZY0ieZWNYguYllf8xo7hG7_4fmuHsg3t1QUTTQ==\" target=\"_blank\" rel=\"nofollow noopener\"><em>www.sec.gov<\/em><\/a><em>. Redevances OR souhaite avertir que la liste des risques et incertitudes cit\u00e9s pr\u00e9c\u00e9demment n\u2019est pas exhaustive. Les investisseurs et autres devraient consid\u00e9rer prudemment les facteurs ci-dessus ainsi que les incertitudes qu\u2019ils repr\u00e9sentent et le risque qu\u2019ils impliquent. Redevances OR consid\u00e8re que ses hypoth\u00e8ses sont raisonnables compte tenu de l\u2019information disponible, mais aucune garantie ne peut \u00eatre fournie quant au fait que ces attentes seront exactes, comme les r\u00e9sultats r\u00e9els peuvent diff\u00e9rer de fa\u00e7on importante des r\u00e9sultats pr\u00e9vus, comme les \u00e9nonc\u00e9s prospectifs incluent dans ce communiqu\u00e9 de presse ne sont pas une garantie de performance future et l\u2019on ne devrait pas s\u2019y fier ind\u00fbment. Ces \u00e9nonc\u00e9s ne sont valides qu\u2019en date de ce communiqu\u00e9 de presse. Redevances OR d\u00e9cline toute intention ou obligation de mettre \u00e0 jour ou de r\u00e9viser tout \u00e9nonc\u00e9 prospectif, que ce soit \u00e0 la suite de la r\u00e9ception de nouveaux renseignements, de la survenance d\u2019\u00e9v\u00e9nements futurs ou autrement, \u00e0 l\u2019exception de ce qui est exig\u00e9 par la loi.<\/em><\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt; vertical-align: top;\" colspan=\"6\"><strong>Redevances OR Inc.<\/strong><br \/>\nBilans consolid\u00e9s<br \/>\nAu 30 juin 2025 et au 31 d\u00e9cembre 2024<br \/>\n(Non audit\u00e9s)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\" colspan=\"6\">(les montants dans les tableaux sont pr\u00e9sent\u00e9s en milliers de dollars am\u00e9ricains)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width: 75%; width: 75%; min-width: 75%; ;vertical-align: top;\"><\/td>\n<td style=\"max-width: 11%; width: 11%; min-width: 11%; ;text-align: right; vertical-align: top;\"><strong>30 juin<\/strong><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;text-align: right; vertical-align: top;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;text-align: right; vertical-align: top;\"><\/td>\n<td style=\"max-width: 11%; width: 11%; min-width: 11%; ;text-align: right; vertical-align: top;\"><strong>31 d\u00e9cembre<\/strong><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;text-align: right; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\"><strong> 2025<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\"><strong> 2024<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><strong>$<\/strong><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><strong>Actifs<\/strong><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><strong>Actifs courants<\/strong><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Tr\u00e9sorerie<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">49 626<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">59 096<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Sommes \u00e0 recevoir<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">3 012<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">3 106<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Autres actifs<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">980<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">1 612<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">Placement d\u00e9tenu en vue de la vente<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">48 360<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">101 978<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">63 814<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><strong>Actifs non courants<\/strong><\/td>\n<td style=\"vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Placements dans des entreprises associ\u00e9es<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">39 849<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">43 262<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Autres placements<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">54 997<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">74 043<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Redevances, flux et autres int\u00e9r\u00eats<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">1 156 275<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">1 113 855<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Goodwill<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">81 512<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">77 284<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Autres actifs<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\">7 580<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\">5 376<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">1 442 191<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">1 377 634<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><strong>Passifs<\/strong><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><strong>Passifs courants<\/strong><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Comptes cr\u00e9diteurs et charges \u00e0 payer<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">4 505<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">5 331<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Dividendes \u00e0 payer<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">10 349<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">8 433<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Passifs d&rsquo;imp\u00f4t sur le revenu<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">5 482<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Obligations locatives<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">1 228<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">852<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">21 564<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">14 616<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><strong>Passifs non courants<\/strong><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">Obligations locatives<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">4 419<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">3 931<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">Dette \u00e0 long terme<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">35 655<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">93 900<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">Imp\u00f4ts sur le r\u00e9sultat diff\u00e9r\u00e9s<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\">90 193<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\">76 234<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">151 831<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">188 681<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><strong>Capitaux propres <\/strong><\/td>\n<td style=\"vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Capital-actions<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">1 695 357<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">1 675 940<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Surplus d\u2019apport<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">59 209<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">63 567<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Cumul des autres \u00e9l\u00e9ments du r\u00e9sultat global<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">(90 890<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\">)<\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">(141 841<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">D\u00e9ficit<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\">(373 316<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\">)<\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\">(408 713<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 20.0px;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">1 290 360<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">1 188 953<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">1 442 191<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">1 377 634<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\" align=\"justify\">\n<table style=\"border-collapse: collapse; width: 100%;\" align=\"right\">\n<tbody>\n<tr>\n<td style=\"border-bottom: solid black 1pt; vertical-align: top;\" colspan=\"12\"><strong>Redevances OR Inc.<\/strong><br \/>\n\u00c9tats consolid\u00e9s des r\u00e9sultats (perte)<br \/>\nPour les trois et six mois termin\u00e9s les 30 juin 2025 et 2024<br \/>\n(Non audit\u00e9s)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\" colspan=\"12\">(les montants dans les tableaux sont pr\u00e9sent\u00e9s en milliers de dollars am\u00e9ricains, \u00e0 l\u2019exception des montants par action)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"5\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"5\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: top;\" colspan=\"5\"><strong>Trois mois termin\u00e9s<\/strong><br \/>\n<strong>le 30 juin<\/strong><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: top;\" colspan=\"5\"><strong>Six mois termin\u00e9s<\/strong><br \/>\n<strong>le 30 juin<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width: 49%; width: 49%; min-width: 49%; ;vertical-align: top;\"><\/td>\n<td style=\"max-width: 11%; width: 11%; min-width: 11%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\"><strong>2025<\/strong><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; vertical-align: top;\"><\/td>\n<td style=\"max-width: 11%; width: 11%; min-width: 11%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\"><strong>2024<\/strong><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;text-align: right; vertical-align: top;\"><\/td>\n<td style=\"max-width: 11%; width: 11%; min-width: 11%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\"><strong>2025<\/strong><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; text-align: center; vertical-align: top;\"><\/td>\n<td style=\"max-width: 11%; width: 11%; min-width: 11%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\"><strong>2024<\/strong><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\">(retrait\u00e9)<\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\">(retrait\u00e9)<\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><strong>Produits<\/strong><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>60 364\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>47 391\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>115 280\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>92 438\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Co\u00fbt des ventes<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(2 560<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(1 628<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(4 179<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(2 987<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">\u00c9puisement<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(7 613<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(7 609<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(15 357<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(16 155<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><strong>B\u00e9n\u00e9fice brut<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>50 191\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>38 154\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>95 744\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>73 296\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><strong>Autres charges d\u2019exploitation<\/strong><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">G\u00e9n\u00e9rales et administratives<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(5 938<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(4 649<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(10 897<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(9 193<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">D\u00e9veloppement des affaires<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(2 826<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(1 528<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(4 905<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(2 539<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">D\u00e9pr\u00e9ciation des droits de redevances<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(49 558<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(49 558<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><strong>B\u00e9n\u00e9fice (perte) d\u2019exploitation <\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>41 427\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>(17 581<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>79 942\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>12 006\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">Produits d\u2019int\u00e9r\u00eats<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">618<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">909<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">1 216<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">1 843<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Charges financi\u00e8res<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(1 124<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(2 075<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(2 854<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(4 842<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">Gain de change (perte)<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">665<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(782<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">825<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(3 193<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">Quote-part de la perte d\u2019entreprises associ\u00e9es<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(2 113<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(2 278<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(5 865<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(12 331<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">Autres (pertes) gains, montant net<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(24<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(259<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(310<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">1 478<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 10.0px;\"><strong>B\u00e9n\u00e9fice (perte) avant les imp\u00f4ts sur le r\u00e9sultat<\/strong><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>39 449\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>(22 066<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>72 954\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>(5 039<\/strong><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">(Charge) recouvrement d\u2019imp\u00f4ts sur le r\u00e9sultat<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(7 091<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">6 650<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(14 956<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">792<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><strong>B\u00e9n\u00e9fice net (perte nette)<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>32 358\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>(15 416<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>57 998\u00a0<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\"><strong>(4 247<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: middle;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: middle;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 10.0px;\"><strong>B\u00e9n\u00e9fice net (perte nette) par action<\/strong><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">De base et dilu\u00e9(e)<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">0,17<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(0,08<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">0,31<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(0,02<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 30.0px;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\" align=\"justify\">\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"vertical-align: top;\" colspan=\"12\"><\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt; vertical-align: top;\" colspan=\"12\"><strong>Redevances OR Inc.<\/strong><br \/>\n\u00c9tats consolid\u00e9s des flux de tr\u00e9sorerie<br \/>\nPour les trois et six mois termin\u00e9s les 30 juin 2025 et 2024<br \/>\n(Non audit\u00e9s)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\" colspan=\"12\">(les montants dans les tableaux sont pr\u00e9sent\u00e9s en milliers de dollars am\u00e9ricains)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: top;\" colspan=\"5\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: top;\" colspan=\"5\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: top;\" colspan=\"5\"><strong>Trois mois termin\u00e9s<\/strong><br \/>\n<strong>le 30 juin<\/strong><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: top;\" colspan=\"5\"><strong>Six mois termin\u00e9s<\/strong><br \/>\n<strong>le 30 juin<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width: 49%; width: 49%; min-width: 49%; ;vertical-align: top;\"><\/td>\n<td style=\"max-width: 11%; width: 11%; min-width: 11%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\"><strong>2025<\/strong><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; vertical-align: top;\"><\/td>\n<td style=\"max-width: 11%; width: 11%; min-width: 11%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\"><strong>2024<\/strong><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;text-align: right; vertical-align: top;\"><\/td>\n<td style=\"max-width: 11%; width: 11%; min-width: 11%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\"><strong>2025<\/strong><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"max-width: 11%; width: 11%; min-width: 11%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: top;\"><strong>2024<\/strong><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; ;border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\">(retrait\u00e9)<\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"text-align: right; vertical-align: top;\">(retrait\u00e9)<\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><strong>Activit\u00e9s d\u2019exploitation<\/strong><\/td>\n<td style=\"text-align: right; vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: top;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">B\u00e9n\u00e9fice net (perte nette)<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">32 358<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(15 416<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">57 998<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(4 247<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Ajustements pour\u00a0:<\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">R\u00e9mun\u00e9ration fond\u00e9e sur des actions<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">2 171<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">1 651<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">4 260<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">3 220<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">\u00c9puisement et amortissement<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">7 909<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">7 850<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">15 941<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">16 640<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">D\u00e9pr\u00e9ciation des droits de redevances<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">49 558<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: top;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">49 558<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Variations sur la perte de cr\u00e9dit attendue sur autres placements<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(1 399<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Quote-part de la perte d\u2019entreprises associ\u00e9es<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">2 113<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">2 278<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">5 865<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">12 331<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 15.0px;\">Variation de la juste valeur d\u2019actifs financiers et de passifs \u00e0 la juste valeur par le biais\u00a0du r\u00e9sultat net<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">24<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">259<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">310<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(79<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">(Gain) perte de change<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(787<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">770<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(879<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">3 207<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">Charge (recouvrement) d\u2019imp\u00f4ts sur le r\u00e9sultat<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">1 065<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(6 967<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">8 307<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(1 504<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; text-align: left; padding-left: 15.0px;\">Autres<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">166<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">111<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">270<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">225<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Flux de tr\u00e9sorerie nets li\u00e9s aux activit\u00e9s d\u2019exploitation avant les variations des \u00e9l\u00e9ments hors tr\u00e9sorerie du fonds de roulement<\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">45 109<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">40 094<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">92 072<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">77 952<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Variations des \u00e9l\u00e9ments hors tr\u00e9sorerie du fonds de roulement<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">6 356<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(1 860<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">5 382<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(2 356<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Flux de tr\u00e9sorerie nets li\u00e9s aux activit\u00e9s d\u2019exploitation<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">51 375<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">38 234<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">97 454<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">75 596<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><strong>Activit\u00e9s d\u2019investissement<\/strong><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Acquisitions de placements \u00e0 court terme<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(3 703<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(4 370<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Acquisitions de placements<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(995<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(12 359<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Produit de la cession de placements<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">3 847<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Acquisitions de droits de redevances et de flux<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(17 929<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(23 214<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Autres<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(456<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(2<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(473<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(5<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Flux de tr\u00e9sorerie nets li\u00e9s aux\u00a0activit\u00e9s d\u2019investissement<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(19 380<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(3 705<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(36 046<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(528<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><strong>Activit\u00e9s de financement<\/strong><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Augmentation de la dette \u00e0 long terme<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">10 437<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Remboursement de la dette \u00e0 long terme<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(40 000<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(32 327<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(70 000<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(64 721<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Exercice d\u2019options d\u2019achat d\u2019actions et actions \u00e9mises en vertu du r\u00e9gime d\u2019achat d\u2019actions<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">8 889<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">2 000<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">11 476<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">5 609<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Dividendes vers\u00e9s<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(7 853<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(7 403<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(15 463<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(15 083<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Retenues \u00e0 la source sur le r\u00e8glement d\u2019unit\u00e9s d\u2019actions avec restrictions et diff\u00e9r\u00e9es<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(5 732<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">&#8211;<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(6 385<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(2 204<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Autres<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(1 344<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(714<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(1 554<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(1 002<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Flux de tr\u00e9sorerie nets li\u00e9s aux activit\u00e9s de financement<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(46 040<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(38 444<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(71 489<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(77 401<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Diminution de la tr\u00e9sorerie avant l\u2019incidence des variations des taux de change<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(14 045<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(3 915<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(10 081<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(2 333<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Incidence des variations des taux de change sur la tr\u00e9sorerie<\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">601<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(171<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">611<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\">(853<\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Diminution nette de la tr\u00e9sorerie<\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(13 444<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(4 086<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(9 470<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">(3 186<\/td>\n<td style=\"border-top: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Tr\u00e9sorerie \u2013 d\u00e9but de la p\u00e9riode<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">63 070<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">52 104<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">59 096<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">51 204<\/td>\n<td style=\"border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\">Tr\u00e9sorerie \u2013 fin de la p\u00e9riode<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">49 626<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">48 018<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">49 626<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-right: 0; text-align: right; vertical-align: bottom;\">48 018<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"padding-right: 0; text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"padding-left: 0; text-align: left; vertical-align: bottom;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MWI4Y2ZmMjMtZDYwNi00YzNkLTkxN2EtNjM3MDgzZmQyNTBiLTEwMjI2MjctMjAyNS0wOC0wNS1mcg==\/tiny\/OR-Royalties-Inc-.png\" alt=\"\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>T\u00e9l\u00e9chargez en pdf &nbsp; Augmentation de 34 % des flux de tr\u00e9sorerie li\u00e9s aux activit\u00e9s d&rsquo;exploitation par rapport \u00e0 l&rsquo;ann\u00e9e pr\u00e9c\u00e9dente, pour atteindre 51,4 millions de dollars MONTR\u00c9AL, 05 ao\u00fbt 2025 (GLOBE NEWSWIRE) &#8212; Redevances OR Inc. 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