OR Royalties (OR) earned 20,326 attributable gold equivalent ounces in the third quarter of 2025. OR Royalties recorded preliminary revenues from royalties and streams of $71.6M during the third quarter, a quarterly record, and preliminary cost of sales of $2.4M, resulting in a quarterly cash margi2 of approximately $69.3M. As at September 30th, 2025, OR Royalties’ cash position was approximately $57M, following repayment of the outstanding balance on the Company’s revolving credit facility during the third quarter. Therefore, OR Royalties’ revolving credit facility of $650M was entirely undrawn as at the end of the third quarter.
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