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Osisko Gold Ro

OR Royalties Inc. acquires and manages precious metal and other royalties, streams, and related interests in Canada and internationally. It also holds options on offtake, royalty/stream financings, and exclusive rights to participate in future royalty/stream financings on various projects. Its primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex in Canada. The company is also involved in the exploration, evaluation, and development of mining properties, primarily for precious metals including gold, silver, copper, and diamonds. It was formerly known as Osisko Gold Royalties Ltd and changed its name to OR Royalties Inc. in May 2025. Founded in 2014, it is headquartered in Montreal, Canada.

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Critical Materials & Supply Chain▲

OR Royalties Reports First Gold at Cuiú Cuiú and Multiple Project Milestones

OR Royalties Inc. reported wide-ranging portfolio updates, including first gold production at Cuiú Cuiú, imminent first output at Amulsar, ramp-up progress at Dalgaranga, and new permitting and study milestones at Cariboo, South Railroad, San Antonio, Hermosa/Taylor, Bralorne, and White Pine North. The company holds a 1.0% NSR on Cuiú Cuiú, adding one more paying asset to its portfolio. OR Royalties' narrative projects $561.3 million in revenue and $386.8 million in earnings by 2029, requiring 15.7% yearly revenue growth and about a $103.7 million earnings increase from $283.1 million today. The company's forecasts yield a CA$62.23 fair value, a 27% upside to its current price. Some of the most cautious analysts assumed only about 10 percent annual revenue growth to roughly US$484.4 million and earnings near US$401.6 million by 2029.
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Critical Materials & Supply Chain › Precious Metals ▲Supply
OR · Demand · Positive OR Royalties reports first gold production at Cuiú Cuiú (1.0% NSR) plus imminent Amulsar output and Dalgaranga ramp-up, adding paying assets and revenue growth.
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Critical Materials & Supply Chain▲

OR Royalties Q2 revenue and cash flow jump 62%, dividend raised 18.2%

OR Royalties reported second-quarter revenue and operating cash flow both rose 62% year over year to $97.8 million and $83.2 million, respectively, while adjusted earnings increased 78% to $60.5 million. The company delivered 43,497 gold equivalent ounces in the first half of 2026, up 12% from a year earlier, and maintained full-year guidance of 80,000 to 90,000 GEOs. A rock-wall movement at Canadian Malartic is expected to make roughly 370,000 ounces inaccessible over the next three years, potentially reducing OR Royalties' GEOs by about 3,500 in 2026 and up to 7,500 annually in 2027–2028, though management said 2026 guidance and the longer-term outlook remain intact. The board increased the quarterly dividend by 18.2% to $0.065 per share, and the company completed $335 million of acquisitions, raised its credit facility to $850 million, and continued share repurchases.
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Critical Materials & Supply Chain › Precious Metals Supply
OR · Capital · Positive Q2 revenue and cash flow up 62%, dividend raised 18.2%, and strong acquisitions
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Critical Materials & Supply Chain▼

OR Royalties says Barnat pit wall movement won't change its 2026 guidance

OR Royalties Inc. announced that a rock mass movement along the north wall of the Barnat open pit at the Canadian Malartic Complex in Québec has temporarily suspended mining operations, but the company's 2026 gold equivalent ounce delivery guidance and five-year outlook remain unchanged. Operating partner Agnico Eagle Mines Limited reported the July 1, 2026 event caused no injuries, equipment damage, or environmental impact. Agnico Eagle expects the incident to reduce second-half 2026 production at Canadian Malartic by approximately 60,000 to 80,000 ounces of gold, with potential annual reductions of up to approximately 150,000 ounces in both 2027 and 2028. The Barnat pit was expected to be mined out by early 2029, and Agnico Eagle is evaluating mitigation opportunities. OR Royalties holds a 5.0% net smelter return royalty on nearly all mineral reserves in the Barnat pit, and the event is not expected to affect the Odyssey underground mine development or the complex's pathway to one million ounces of annual gold production in the early 2030s.
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Critical Materials & Supply Chain › Precious Metals ▼Supply
AEM · Supply · Negative Barnat pit wall movement reduces Agnico Eagle's gold production by 60k-80k oz in H2 2026 and up to 150k oz annually in 2027-2028.
OR · Supply · Negative OR Royalties holds a 5% NSR royalty on Barnat pit; reduced production lowers royalty revenue, though 2026 guidance unchanged.
GOLD · Supply · Negative Gold production disruption at a major mine reduces near-term supply, which is typically negative for gold prices.
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