OR Royalties Inc. (OR) SEC Filings, Feb-Apr 2026

OR Royalties Inc. is asking shareholders to vote on key items at its May 7, 2026 annual meeting while highlighting record 2025 results. The precious-metals royalty and streaming company grew 2025 revenue to US$277.4 million with a cash margin of 96.7%, up from US$191.2 million and a 96.5% margin the prior year. Year-end 2025 cash was US$142.1 million with no debt, and the company met its 80,000–88,000 gold‑equivalent ounce delivery guidance, expecting modest GEO growth in 2026. The board declared a US$0.055 per‑share dividend for Q1 2026 and emphasizes disciplined capital allocation and ESG-focused growth. Shareholders will vote on electing seven directors, appointing PricewaterhouseCoopers LLP as auditor, continuing the Second Amended and Restated Shareholder Rights Plan, and an advisory "say on pay" resolution on executive compensation.

OR Royalties Inc. has entered a binding agreement for a $28.0 million precious metals stream on Canadian Copper Inc.’s Murray Brook and Caribou assets in New Brunswick, Canada. The stream covers 20% of payable silver and gold in concentrate for the life of mine.

OR Royalties will pay $5.0 million at closing and a further $23.0 million in quarterly construction installments tied to project milestones, including permits and a construction decision. It will buy delivered metal at 20% of spot prices.

The project’s construction is fully financed through this stream and a concurrent $35.0 million concentrate prepayment facility from Ocean Partners. OR Royalties will also invest $4.0 million in Canadian Copper shares at C$0.75, gaining additional upside to the brownfield project, which targets first production by 2029.

OR Royalties Inc. has filed a Form 6-K to share a press release announcing the publication of its 2025 Sustainability Report, titled Growing Responsibly. The report outlines the company’s Environmental, Social and Governance initiatives and performance for calendar year 2025.

The company implemented a formal Climate Change Policy, screened new royalty and streaming agreements for ESG risks, and purchased Gold Standard verified carbon credits to offset Scope 2 and Scope 3 emissions related to its workforce and footprint. It contributed $625,000 to community investments in 2025, bringing total community contributions to over $1.5 million since 2021.

OR Royalties was recognized as a Great Place to Work Canada for the second consecutive year and maintained strong ESG ratings, including Prime Status by ISS ESG and an “AA” rating by MSCI. The report is informed by Global Reporting Initiative, SASB standards and Task Force on Climate-related Financial Disclosures recommendations.

OR Royalties Inc. reports strong preliminary results for the first quarter of 2026. The company earned 22,740 attributable gold equivalent ounces and generated record royalty and stream revenues of $102.8 million. With preliminary cost of sales (excluding depletion) of $3.3 million, cash margin reached about $99.5 million, or 96.8%, showing very high profitability on its portfolio.

As of March 31, 2026, OR Royalties held cash of approximately $94.9 million after repurchasing C$17.7 million ($12.9 million) of common shares under its normal course issuer bid and funding an additional 1.0% Namdini net smelter return royalty. A buyback of 50% of the Cascabel gold stream delivered 4,290 ounces of gold to its subsidiary, representing net value of about $17.5 million. The company’s $650 million revolving credit facility, plus an uncommitted $200 million accordion, remained fully undrawn.

OR Royalties Inc. filed its 2025 year-end disclosure documents, including the Annual Information Form, Consolidated Annual Financial Statements and Management’s Discussion and Analysis for the year ended December 31, 2025. The company also submitted its Annual Report on Form 40-F to the U.S. Securities and Exchange Commission.

These documents are available through Canadian securities regulators’ website, the SEC website for the Form 40-F, and the company’s own site, with hard copies available free of charge upon request. OR Royalties describes itself as a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions in Canada, the United States and Australia, with a portfolio of over 195 royalties, streams and similar interests.

OR Royalties Inc. filed its Annual Report on Form 40-F for the fiscal year ended December 31, 2025, which includes audited consolidated financial statements, MD&A, and an Annual Information Form as exhibits. The filing states 187,152,235 common shares outstanding and reports management's conclusion that disclosure controls and procedures were effective as of December 31, 2025. The report relies on Canadian technical standards for mineral disclosure (NI 43-101 and CIM Definition Standards) under the MJDS and contains customary forward-looking statements and risk-factor cautions. The filing includes auditor consents, executive certifications, and the Registrant's policy on recovery of incentive compensation.

OR Royalties Inc., a precious metals royalty and streaming company, has appointed Mr. Patrick Godin as an Independent Director to its Board of Directors. He brings over 35 years of corporate, technical, and operations experience in the mining industry, including senior roles at New Gold, Pretivm Resources, and Stornoway Diamond Corporation.

The Board Chair highlighted that Mr. Godin’s deep background in mining operations and technical oversight aligns with OR Royalties’ focus on evaluating new investment opportunities and executing its disciplined growth strategy. The company’s portfolio includes over 195 royalties, streams and similar interests, anchored by a 3–5% net smelter return royalty on Agnico Eagle Mines Limited’s Canadian Malartic Complex.

OR Royalties Inc. plans to expand its gold royalty portfolio by acquiring Terraco Gold Corp. from Sailfish Royalty for total cash consideration of $168 million. Terraco indirectly owns net smelter return (NSR) royalties mainly on the Spring Valley Gold Project in Nevada, a Tier‑1 mining jurisdiction.

On closing, OR Royalties’ combined position on Spring Valley will be a 6.0% NSR on the Schmidt Claim Block, 4.0% NSR on the Additional Royalty Areas and 1.0% NSR on the Perimeter Royalty Area, plus a 2.0% NSR on the nearby Moonlight Property. Spring Valley has proven and probable mineral reserves of 3.88 million ounces of gold, a planned life-of-mine all‑in sustaining cost of about $1,103/oz, and a mine life of more than 10 years with average annual production of over 300,000 ounces.

The transaction, expected to close in the first half of 2026 subject to TSX Venture Exchange and other customary approvals, is expected to add gold equivalent ounces on top of OR Royalties’ 2030 five‑year outlook of 120,000‑135,000 GEOs. Solidus Resources, the Spring Valley operator, targets first gold production in the first half of 2028.

OR Royalties Inc. reported a much stronger year for the period ended December 31, 2025. Revenue rose to $277,370,000 from $191,157,000, driven by higher royalty and stream income, lifting gross profit to $232,485,000 from $151,812,000.

Net earnings jumped to $206,088,000 versus $16,267,000 in 2024, with basic earnings per share increasing to $1.10 from $0.09. Impairment charges on royalty and stream interests fell sharply to $5,495,000 from $49,558,000, while a $54,439,000 gain on the deemed disposal of an associate also supported results.

The balance sheet strengthened: cash increased to $142,131,000 from $59,096,000, long‑term debt was reduced to nil from $93,900,000, and equity grew to $1,432,041,000 from $1,188,953,000. Operating cash flow rose to $245,596,000 from $159,925,000, funding $36,879,000 of new royalty and stream investments, $39,284,000 of dividends, and $36,673,000 of share repurchases under the normal course issuer bid.

Management and PricewaterhouseCoopers LLP both concluded that internal control over financial reporting was effective as of December 31, 2025, with one critical audit matter relating to the assessment of impairment indicators on royalty, stream and other interests.