OR Royalties Inc. reports developments for a precious metals royalty and streaming company with common shares traded on the TSX and NYSE under OR. The company holds royalties, streams and similar interests concentrated in Tier-1 mining jurisdictions—Canada, the United States and Australia—and its portfolio is anchored by a 3-5% net smelter return royalty on Agnico Eagle Mines Limited’s Canadian Malartic Complex.
Recurring updates cover quarterly operating and financial results, gold-equivalent ounces, royalty and stream revenue, cash flow, dividends, share repurchases and portfolio activity. Company news also includes asset-level updates for mining interests such as Island Gold, Dalgaranga and Glenburgh, annual meeting voting results, board and auditor matters, shareholder rights plan actions and sustainability reporting.
OR Royalties (OR) approved a fourth-quarter 2026 dividend of US$0.065 per common share, payable on January 15, 2027. Shareholders of record at the close of business on December 31, 2026 will receive the payment.
The payment is an eligible dividend under Canada's Income Tax Act. For Canadian residents, the Canadian-dollar equivalent will use the Bank of Canada's daily rate on the record date, or the most recent preceding business day if no rate is published that day. Canadian and U.S. residents may elect to reinvest the dividend through the company's plan at a 3% discount.
OR Royalties (OR) reported third-quarter 2026 revenue of $90.2 million, up 26% year over year as higher metals prices supported cash generation. Operating cash flow rose 20% to $77.6 million, while net earnings fell 33% to $55.4 million; the prior-year quarter included a $54.4 million non-cash gain. Gold equivalent ounces, a measure combining metals deliveries, slipped 0.4% to 20,237.
The company reaffirmed 80,000–90,000 gold equivalent ounces for 2026 and expects approximately the midpoint. It closed $43.0 million of stream and royalty acquisitions and repurchased $29.1 million of shares. September-end cash was $76.7 million against debt of $228.2 million. Windfall received environmental authorization to begin construction, with its investment decision expected by February 2027. OR Royalties expects approximately $65.0 million of fourth-quarter cash inflows beyond operating cash flow.
OR Royalties (OR) reported preliminary third-quarter 2026 royalty and stream revenues of $90.205 million, up from $71.625 million a year earlier. Deliveries totaled 20,237 gold equivalent ounces, a measure combining gold and other royalty and stream proceeds. Cost of sales excluding depletion rose to $2.917 million from $2.367 million. Cash margin, a non-IFRS measure, reached $87.288 million, versus $69.258 million; its revenue share increased to 96.8% from 96.7%.
At September 30, cash was approximately $76.7 million, after $29.1 million in quarterly share repurchases. The $15.0 million La Verde royalty transaction with Hot Chili closed during the quarter using balance-sheet cash. Credit-facility borrowings totaled $228.2 million, with $621.8 million available and an uncommitted accordion of up to $350.0 million. The figures are unaudited and subject to quarter-end adjustments that may materially change them.
OR Royalties (OR) reported first gold production at Cuiú Cuiú on September 10, 2026, across its royalty and stream portfolio. OR Royalties holds a 1.0% net smelter return royalty on the mine, where commercial production is expected in the fourth quarter of 2026. First gold at Amulsar is expected soon, with commercial production targeted for the first half of 2027; OR Royalties holds gold and silver streams there.
Osisko Gold Group’s board made a formal construction decision for Cariboo on September 14. Its go-forward capital obligation is C$990 million, and first gold is expected in the first quarter of 2029. Federal environmental review is complete for Hermosa’s ancillary infrastructure on National Forest Service land and for South Railroad; San Antonio received its primary environmental authorization for mine construction and operation. OR Royalties also agreed to pay $3 million to increase its Japan Gold portfolio royalty from 1.5% to 2.0%.
OR Royalties (TSX & NYSE: OR) declared a third quarter 2026 dividend of US$0.065 per common share, payable on October 15, 2026 to shareholders of record on September 30, 2026. The dividend is an eligible dividend for Canadian tax purposes, and shareholders in Canada and the US can reinvest it through the company’s dividend reinvestment plan, which offers a 3% discount on shares for this dividend.
OR Royalties (TSX & NYSE: OR) reported strong Q2 2026 results, with revenues from royalties and streams of $97.8 million, up 62% year-over-year from $60.4 million, driven by a 5% increase in gold equivalent ounces (20,757 GEOs) and contributions from recent acquisitions. Operating cash flows also rose 62% to $83.2 million, supported by a cash margin of $94.7 million, or 96.8% of revenues (95.8% in Q2 2025). Net earnings reached $61.4 million, or $0.33 per basic share, while adjusted earnings were $60.5 million, or $0.32 per basic share.
The company closed $335.0 million of acquisitions in the quarter, lifting the carrying value of royalty, stream and other interests to $1.48 billion. It repurchased 225,712 shares for $8.0 million in Q2 and a further 1,007,496 shares in July, increased its revolving credit facility to $850.0 million with a larger accordion and extended maturity, and maintained quarterly dividends at $0.065 per share, an 18.2% increase versus the prior dividend level.
OR Royalties (TSX/NYSE: OR) reported preliminary Q2 2026 deliveries of 20,757 gold equivalent ounces (GEOs), with royalty and stream revenues of $97.8 million and cost of sales (excluding depletion) of $3.1 million, yielding a cash margin of $94.7 million or 96.8%.
As of June 30, 2026, cash was $75.6 million after $8.0 million in share repurchases. The revolving credit facility had $215.0 million drawn and $435.0 million available, plus a $200.0 million accordion, with net debt reduced to $139.4 million. Results are preliminary and unaudited.
OR Royalties (TSX & NYSE: OR) reported that operating partner Agnico Eagle temporarily suspended mining at the Barnat open pit after a July 1, 2026 rock mass movement at Canadian Malartic. There were no injuries or environmental impacts. Agnico Eagle currently expects Canadian Malartic production cuts in 2026–2028, but OR Royalties’ 2026 guidance and 5-year outlook remain unchanged.
OR Royalties (TSX & NYSE: OR) held its annual meeting on May 7, 2026 with 153,620,646 shares represented (81.96% of 187,441,610 outstanding on the March 27, 2026 record date).
All seven director nominees were elected. PricewaterhouseCoopers was appointed auditor. Shareholder rights plan continuation and advisory executive compensation resolutions were approved.
OR Royalties (TSX & NYSE: OR) announced a Q2 2026 quarterly dividend of US$0.065 per common share, an 18.2% increase versus the prior quarter. The dividend is payable on July 15, 2026 to holders of record at close of business on June 30, 2026. The Board said this increased rate is intended to apply to subsequent quarters until further notice, but future dividends remain at the Board's discretion.
The dividend is designated as an eligible dividend for Canadian tax purposes. Canadian-dollar equivalents will use the Bank of Canada daily rate on June 30, 2026. The company also reminded shareholders of its Dividend Reinvestment Plan offering a 3% discount for the Q2 dividend for eligible participants.