Strong GEOs Earned and Cash Flows
OR Royalties earned 19,700 GEOs in Q2, on track for full-year guidance of 80,000 to 88,000 GEOs. Record cash flows from operating activities were achieved due to higher gold prices.
Positive Financial Performance
Q2 2025 revenues increased to $60.4 million, with net earnings of $0.17 per share, a significant improvement from the previous year's loss. Cash flow per share rose to $0.27 from $0.21 year-over-year.
Debt Reduction and Net Cash Position
The company ended Q2 with $49.6 million in cash and achieved a net cash position for the first time in several years by continuing to pay down its revolving credit facility.
Successful Royalty Payments from New Assets
OR Royalties received its first payments from the Namdini mine in Ghana and Talisker Resources' Bralorne in Canada, marking new revenue streams.
Canadian Malartic and Tocantinzinho Contributions
Canadian Malartic had a strong quarter with significant production increases. Tocantinzinho's ramp-up in Brazil is progressing well.