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GlobeNewswire·

OR Royalties Reports Strong Third Quarter 2026 Results

OR
  • OR Royalties Inc. reported Q3 2026 revenues of $90.2 million, up 26% year-over-year, with operating cash flows of $77.6 million, up 20%.
  • The company earned 20,237 gold equivalent ounces (GEOs) in Q3 2026, maintaining a 96.8% cash margin.
  • First nine months of 2026 saw 63,734 GEOs earned, tracking toward the mid-point of the 2026 guidance range of 80,000 to 90,000 GEOs.
  • Net earnings for Q3 2026 were $55.4 million ($0.30 per share), down 33% due to a non-cash gain on associate disposal in the prior year quarter.
  • Adjusted earnings for Q3 2026 reached $53.9 million ($0.29 per share), an increase of 28% compared to the same period in 2025.
  • The company closed $43.0 million in acquisitions, including a precious metals stream on Canadian Copper Inc. assets and an extension of royalties on Hot Chili Limited's La Verde project.
  • Three new mines entered production in 2026: Dalgaranga, Cuiú Cuiú, and Amulsar, bringing the total portfolio of producing assets to 25.
  • The Windfall project received Québec environmental approval, positioning it to produce approximately 300,000 ounces of gold annually once ramped up.
  • OR Royalties repurchased and cancelled 1,007,496 common shares for $29.1 million in Q3 2026, with total 2026 repurchases reaching 1,555,678 shares.
  • The revolving credit facility was increased to $850.0 million with maturity extended to August 4, 2030.
  • A quarterly dividend of $0.065 per share was declared, payable January 15, 2027, marking the 48th consecutive quarterly dividend.
  • Subsequent events include a $35.0 million partial buy-back of the Cascabel NSR royalty by SolGold Finance AG expected to close November 30, 2026.
  • A $30.0 million deferred payment from Galiano Gold Inc. is due by December 31, 2026, contributing to expected fourth-quarter cash inflows of approximately $65.0 million.
  • The company increased its NSR royalty on Japan Gold Corp. properties by 0.5% to 2.0% for $3.0 million.
  • Victoria Gold Corp.'s Eagle mine is set to be acquired by Boroo Pte. Ltd., with closing targeted for December 31, 2026.
  • Portfolio assets grew to $1.49 billion at September 30, 2026, up from $1.14 billion at year-end 2025.
Company
OR Royalties Inc.
Keywords
Toronto Stock Exchange:OR, OR Royalties Inc., OR Royalties, Redevances OR, or, gold, mining, financial results, résultats financiers, Q3 2026, record revenues, produits records