Record Revenue and Cash Flows
OR Royalties achieved record revenues of $71.6 million in Q3 2025, up 71% compared to the same period last year, largely due to increased commodity prices and deliveries.
Debt-Free Status Achieved
For the first time in over 10 years, OR Royalties is in a debt-free position, having paid down the outstanding balance of its revolving credit facility.
High Cash Margins
The company reported cash margins of just under 97%, in line with its annual budget.
Strong GEOs and Precious Metals Revenue
OR Royalties earned 20,326 gold equivalent ounces in Q3, a 3% improvement over Q2, with 95% of GEOs derived from precious metals. 65% of revenues were directly from gold.
Significant Non-Cash Gain
A non-cash gain of $54 million was generated in Q3 due to the revaluation of Osisko Development equity investment.