Research analysts who have asked questions during OR Royalties earnings calls.
TJ
Tanya Jakusconek
Scotiabank
8 questions for OR
Also covers: AEM, AU, BVN +11 more
BM
Brian MacArthur
Raymond James Financial, Inc.
4 questions for OR
Also covers: CCJ, CDE, CG +10 more
JT
John Tumazos
John Tumazos Very Independent Research
3 questions for OR
Also covers: AA, AEM, ASM +14 more
JW
Joshua Wolfson
RBC Capital Markets
3 questions for OR
Also covers: AEM, AU, CDE +8 more
AD
Adrian Day
Adrian Day Asset Management
2 questions for OR
Also covers: AU, FSM, PAAS
DM
Derek Macpherson
TD Securities
2 questions for OR
RP
Ralph Profiti
8 Capital
2 questions for OR
Also covers: AEM, BTG, CCJ +6 more
CC
Cosmos Chiu
CIBC World Markets
1 question for OR
Also covers: AGI, EGO, FNV +6 more
FT
Fahad Tariq
Jefferies Financial Group
1 question for OR
Also covers: AEM, BTO, ERO +8 more
Recent press releases and 8-K filings for OR.
OR Royalties Announces Acquisition of Additional Royalties on Spring Valley Gold Project
OR
M&A
New Projects/Investments
- OR Royalties Inc. has entered into a definitive agreement to acquire Terraco Gold Corp. for $168 million in cash, with the transaction expected to close in the first half of 2026.
- The acquisition primarily consists of Net Smelter Return (NSR) royalty assets on the Spring Valley Gold Project in Nevada, which will result in OR Royalties owning a 6.0% NSR royalty on the Schmidt Claims, a 4.0% NSR royalty on the Additional Royalty Areas, and a 1.0% NSR royalty on the Perimeter Royalty Area.
- The Spring Valley Gold Project is construction-ready and is anticipated to begin first gold production in the first half of 2028, with an average of 348 thousand ounces of gold per year over the first five years.
- This acquisition is expected to enhance OR Royalties' growth profile and maintain its focus on precious metals in Tier-1 mining jurisdictions.
4 days ago
OR Royalties Announces Acquisition of Terraco Gold Corp.
OR
M&A
New Projects/Investments
Guidance Update
- OR Royalties Inc. has entered into a definitive agreement to acquire Terraco Gold Corp. for $168 million in cash, with the transaction expected to close in the first half of 2026.
- The acquisition primarily involves net smelter return (NSR) royalty assets on Solidus Resources LLC\u2019s Spring Valley Gold Project in Nevada.
- Post-acquisition, OR Royalties will hold increased NSR royalties on Spring Valley, including a 6.0% NSR royalty on the Schmidt Claims, a 4.0% NSR royalty on the Additional Royalty Areas, and a 1.0% NSR royalty on the Perimeter Royalty Area.
- This transaction is anticipated to add Gold Equivalent Ounces (GEOs) beyond OR Royalties\u2019 2030 5-year outlook and supports its precious metals focus, with Spring Valley expected to achieve first gold production in the first half of 2028.
4 days ago
OR Royalties Reports Record FY 2025 Results and Provides 2026 Guidance
OR
Earnings
Guidance Update
New Projects/Investments
- OR Royalties achieved a "triple crown" in FY 2025, reporting record annual revenues of $277.4 million, record operating cash flow of $246 million, and record earnings of $1.10 per share.
- The company ended 2025 with $142.1 million in cash and was completely debt-free, having also bought back and canceled approximately $38 million worth of shares in Q4 2025.
- A quarterly dividend of $0.055 was declared, marking its 45th consecutive dividend.
- For 2026, OR Royalties expects to earn between 80,000 and 90,000 GEOs with an average cash margin of approximately 97%.
- The company projects 50% growth in GEOs over the next five years to 2030, bolstered by recent acquisitions including a 1.5% NSR royalty at San Gabriel and an additional 1% NSR at Namdini.
Feb 19, 2026, 3:00 PM
OR Royalties Reports Record 2025 Financials and Projects Significant Growth to 2030
OR
Earnings
Guidance Update
New Projects/Investments
- OR Royalties achieved record annual revenues of $277.4 million, record operating cash flow of $246 million, and record earnings of $1.10 per share for the full year 2025, ending the year debt-free with $142.1 million in cash.
- The company declared a quarterly dividend of $0.055, marking its 45th consecutive dividend, and has returned over $279 million to shareholders to date. Additionally, approximately $38 million worth of shares were bought back and canceled in Q4 2025.
- For 2026, OR Royalties expects GEOs earned to range between 80,000 and 90,000 with an average cash margin of approximately 97%. The updated five-year outlook projects 50% growth in GEOs by 2030, driven by new assets and brownfield expansions.
- Recent strategic investments include acquiring a 1.5% NSR royalty at Buenaventura's San Gabriel Mine (part of the Gold Fields portfolio) and increasing its Namdini royalty to 2%, which are expected to contribute immediate cash flow and strengthen the long-term pipeline.
Feb 19, 2026, 3:00 PM
OR Royalties Reports Record 2025 Financial Results and Provides 2026 Guidance
OR
Earnings
Guidance Update
M&A
- OR Royalties reported a record year in 2025, achieving annual revenues of $277.4 million, operating cash flow of $246 million, and earnings of $1.10 per share.
- The company earned 80,775 Gold Equivalent Ounces (GEOs) in 2025, falling within its annual guidance range of 80,000-88,000 GEOs, and ended the year debt-free with $142.1 million in cash.
- For 2026, OR Royalties expects GEOs earned to range between 80,000 and 90,000 GEOs with an average cash margin of approximately 97%, and projects 50% growth in GEOs over the next five years to 2030.
- The company declared a quarterly dividend of $0.055 per common share payable on April 15, 2026, and bought back and canceled approximately $38 million worth of shares in Q4 2025.
- Recent strategic acquisitions include the Gold Fields royalty portfolio, anchored by the producing San Gabriel mine, and an additional 1% NSR royalty at Namdini, strengthening its long-term pipeline.
Feb 19, 2026, 3:00 PM
OR Royalties Inc. Reports Record 2025 Financial Results and Strategic Updates
OR
Earnings
Share Buyback
New Projects/Investments
- For the year ended December 31, 2025, OR Royalties Inc. reported record revenues from royalties and streams of $277.4 million, up from $191.2 million in 2024, along with record net earnings of $206.1 million ($1.10 per basic share) and record cash flows generated by operating activities of $245.6 million.
- The company became debt-free in 2025 following the full repayment of its revolving credit facility, with net repayments totaling $94.9 million, and maintained a cash balance of $142.1 million as of December 31, 2025.
- OR Royalties Inc. repurchased for cancellation 1.1 million common shares for $36.7 million under its normal course issuer bid during 2025.
- The company expanded its portfolio in 2025 through acquisitions, including a 100% silver stream on Orla Mining Ltd.'s South Railroad project for $13.0 million and a 1.5% net smelter return (NSR) royalty from Japan Gold Corp. for $5.0 million.
Feb 18, 2026, 11:09 PM
OR Royalties Announces Acquisition of Royalty Asset Portfolio
OR
M&A
New Projects/Investments
Guidance Update
- OR Royalties Inc. has entered into a definitive agreement to acquire a portfolio of eight royalties from affiliates of Gold Fields Limited for a total consideration of $115 million.
- The acquisition is anchored by a 1.5% net smelter return (NSR) royalty on Buenaventura’s producing San Gabriel gold and silver mine in Peru, which is expected to immediately add to OR Royalties’ Gold Equivalent Ounce (GEO) deliveries.
- The transaction is projected to contribute to OR Royalties’ growth outlook, with a forecasted GEO delivery range of 80,000 - 90,000 GEOs in 2026, increasing to an expected 120,000 - 135,000 GEOs in 2030, representing approximately 50% expected GEO delivery growth.
- The acquired portfolio also includes a 2.0% NSR royalty on Torque Metals Ltd.’s Paris development project and a 2.5% Net Profits Interest (NPI) royalty over Freeport McMoRan Inc.’s and Amarc Resources Ltd.’s JOY district exploration project.
- Additionally, OR Royalties will pay Gold Fields an extra $52 million for Galiano Gold Inc.'s deferred payment obligations totaling $60 million.
Feb 18, 2026, 9:48 PM
OR Royalties Reports Record 2025 Results and Provides 2026 Guidance and 5-Year Outlook
OR
Earnings
Guidance Update
New Projects/Investments
- OR Royalties reported record financial results for 2025, including revenues of $277.4 million, net earnings of $206.1 million ($1.10 per basic share), and cash flows from operating activities of $245.6 million.
- The company achieved debt-free status in 2025 after fully repaying its revolving credit facility and repurchased 1.1 million common shares for $36.7 million.
- For 2026, OR Royalties expects gold equivalent ounces (GEOs) earned to range between 80,000 to 90,000 with an average cash margin of approximately 97%.
- The company's 5-year outlook projects its portfolio to generate between 120,000 and 135,000 GEOs in 2030.
- Subsequent to December 31, 2025, OR Royalties acquired an additional 1.0% NSR royalty on the Namdini mine for up to $103.5 million and a portfolio of precious metals assets from Gold Fields for $115.0 million.
Feb 18, 2026, 9:31 PM
OR Royalties Acquires Additional Royalty on Namdini Gold Mine
OR
New Projects/Investments
M&A
- OR Royalties Inc. has acquired an additional 1.0% net smelter return (NSR) royalty on the Namdini Gold Mine in Ghana, bringing its total interest to a 2.0% NSR royalty.
- The total consideration for this acquisition is up to $103.5 million, with an initial payment of $28.5 million made upon closing.
- Gold production at the Namdini Gold Mine commenced in the first half of 2025 and is ramping up towards a peak of approximately 360,000 ounces of gold per year over the first three years.
- OR Royalties expects its first payment under the full 2.0% NSR royalty rate in the first quarter of 2026, representing gold production from the fourth quarter of 2025.
Jan 29, 2026, 9:38 PM
OR Royalties Announces Preliminary Q4 and Full Year 2025 Results
OR
Earnings
Guidance Update
Share Buyback
- OR Royalties reported preliminary record revenues of $277.4 million for the full year 2025 and $90.5 million for Q4 2025.
- The company achieved its 2025 GEO delivery guidance, earning 80,775 gold equivalent ounces for the full year and 21,735 GEOs in Q4 2025.
- As of December 31, 2025, OR Royalties held approximately $142.1 million in cash and its revolving credit facility was completely undrawn.
- In 2025, OR Royalties repurchased C$50.8 million ($36.7 million) of common shares under its normal course issuer bid.
Jan 6, 2026, 9:42 PM
Quarterly earnings call transcripts for OR Royalties.
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