OR Royalties Doubles Namdini Exposure With Additional 1% Gold Royalty in Ghana

OR Royalties ( (TSE:OR) ) just unveiled an announcement.

On January 29, 2026, OR Royalties Inc. announced it had acquired an additional 1.0% net smelter return royalty on the Namdini Gold Mine in Ghana, effective October 1, 2025, by purchasing Savannah Mining Limited’s remaining 50% interest in a 2.0% royalty for total consideration of up to US$103.5 million. The deal, which follows OR Royalties’ initial 1.0% Namdini royalty acquired in November 2023, gives the company a full 2.0% royalty on a new large-scale operation ramping up toward peak production of about 360,000 ounces of gold per year in its first three years and an expected average of 287,000 ounces annually over an initial 15-year mine life. OR Royalties has structured the consideration with an initial US$28.5 million payment at closing, milestone-based payments of US$70 million anticipated over the next two quarters, and a further US$5 million in deferred installments, while retaining security interests over Savannah’s assets. With Namdini operated by well-capitalized global producer Shandong Gold and located in Ghana, a leading gold-mining jurisdiction, the transaction deepens OR Royalties’ exposure to immediate and long-term gold equivalent ounce generation from a familiar asset, reinforcing its growth profile and portfolio of producing royalties.

The most recent analyst rating on (TSE:OR) stock is a Buy with a C$72.00 price target. To see the full list of analyst forecasts on OR Royalties stock, see the TSE:OR Stock Forecast page.

Spark’s Take on TSE:OR Stock

According to Spark, TipRanks’ AI Analyst, TSE:OR is a Outperform.

The score is driven primarily by very strong financial performance (high current profitability, debt-light balance sheet, and positive cash generation). The earnings call reinforces strength via record results and guidance tracking, but valuation is a notable headwind (high P/E, low yield) and technical indicators are mixed without strong momentum confirmation.

To see Spark’s full report on TSE:OR stock, click here.

More about OR Royalties

OR Royalties Inc. is a Montreal-based precious metals royalty and streaming company focused on Tier-1 mining jurisdictions, specifically Canada, the United States and Australia. Launched in 2014 with a single producing asset, it now holds a diversified portfolio of more than 195 royalties, streams and similar interests, anchored by a 3–5% net smelter return royalty on Agnico Eagle Mines’ Canadian Malartic Complex, one of the world’s largest gold mines.

Average Trading Volume: 505,682

Technical Sentiment Signal: Buy

Current Market Cap: C$11.75B

For a thorough assessment of OR stock, go to TipRanks’ Stock Analysis page.