GlobeNewswire·Apr 8, 2026, 7:00 AM ET

OR Royalties Announces Preliminary Q1 2026 GEO Deliveries and C$17.7 Million of Share Repurchases Under the Normal Course Issuer Bid

OR Royalties Inc. reported preliminary first quarter 2026 results as of March 31, 2026, with all monetary amounts expressed in U.S. dollars.
The company earned 22,740 attributable gold equivalent ounces (GEOs) during the quarter.
Preliminary revenues from royalties & streams reached a quarterly record of $102.8 million.
Preliminary cost of sales (excluding depletion) was $3.3 million, resulting in a cash margin of approximately $99.5 million (96.8% of revenues).
The cash position stood at approximately $94.9 million after $12.9 million in common share repurchases & the closing of the Namdini 1.0% net smelter return royalty transaction.
ORI received a one-time payment for 50% of the Cascabel gold stream buyback by SolGold & Jiangxi Copper, consisting of 4,290 ounces of gold with a net value of approximately $17.5 million.
The $650.0 million revolving credit facility plus $200.0 million accordion remained undrawn at the end of the quarter.
Acquisitions of royalty assets from Gold Fields Limited & a basket of royalties from Sailfish Royalty Corp. are expected to close in early Q2 2026.
Average metal prices for the three months ended March 31, 2026, were $4,873/oz for gold, $84.33/oz for silver, & $12,844/tonne for copper.
Preliminary financial figures are unaudited & subject to quarter-end adjustments.
Results will be released on May 6, 2026, with a conference call scheduled for May 7, 2026, at 10:00 am ET.