OR Royalties Inc.

OR Royalties Inc. is a Canadian intermediate precious metal royalty company founded in 2014 and headquartered in Montreal, Quebec. The company's core business involves the acquisition and management of royalties, streams, and similar interests in precious metals and other commodities globally. Its mission is to capitalize on the increasing demand for gold and other precious metals through strategic investments in mining royalties.

The company's portfolio primarily consists of royalties in gold, silver, and diamond mines, structured as net smelter return royalties and streams. OR Royalties also holds options on offtake agreements, royalty/stream financings, and exclusive rights for future financing participation. A cornerstone asset in its portfolio is a 3-5% net smelter return royalty on the Canadian Malartic Complex, recognized as one of Canada's largest gold mines. The company maintains a North American-focused portfolio comprising over 195 royalties, streams, and precious metal offtakes, with more than 22 producing assets.

Jason Attew serves as the President and CEO of OR Royalties Inc. In recent news, the company reported record 2025 results, with revenues of $277.4 million, operating cash flow of $245.6 million, and net earnings of $206.1 million ($1.10 per share). Recent strategic activities in 2026 include the acquisition of a portfolio of royalty assets, including a 1.5% net smelter return royalty on Buenaventura's San Gabriel Mine, and an additional 1.0% net smelter return royalty on the Namdini Gold Mine in Ghana. The company also announced preliminary Q1 2026 gold equivalent ounce deliveries and share repurchases totaling C$17.7 million. BlackRock Portfolio Management LLC recently disclosed an 8.0% stake in OR Royalties.