Overview of OR Royalties' Q2 2025 Performance
MONTRÉAL, July 07, 2025 — OR Royalties Inc. (“OR Royalties” or the “Company”) (OR: TSX & NYSE) is excited to announce exciting updates regarding its second quarter performance in 2025. This announcement highlights preliminary deliveries, revenue figures, and significant cash margin, showcasing the company’s strength in the precious metals sector.
Impressive Revenue and Cash Margin
During Q2 2025, OR Royalties achieved notable earnings with 19,700 attributable gold equivalent ounces (“GEOs”). This remarkable figure represents the company’s strong operational capabilities and effective management of its royalty and stream agreements.
OR Royalties recorded preliminary revenues of $60.4 million for the quarter, marking a new high point for the company. In addition, with a preliminary cost of sales amounting to $2.6 million, the cash margin reached an impressive $57.8 million, reflecting a cash margin percentage of about 95.8%. This performance highlights OR Royalties’ efficiency in managing its resources and generating value for its stakeholders.
Cash Position and Debt Management Strategies
As of June 30, 2025, OR Royalties reported a robust cash position of approximately $49.6 million. This financial strength was bolstered by the repayment of $40.0 million of its revolving credit facility during the quarter. At the close of June, the company maintained a draw of $35.7 million on its credit facility, while an additional $614.3 million remains available for future needs, along with an uncommitted accordion of $200.0 million.
Following the end of the quarter, the company proactively reduced its outstanding balance by an additional $10.0 million, bringing the current balance down to $25.7 million. This strategic management of its debts supports OR Royalties’ ongoing financial health and flexibility.
Future Financial Calls and Webcast Information
OR Royalties is pleased to announce the details of its upcoming conference call regarding Q2 results. Key updates are scheduled for:
- Results Release: Tuesday, August 5, 2025 after market close
- Conference Call: Wednesday, August 6, 2025 at 10:00 am ET
- Dial-in for North American participants: 1 (800) 717-1738
- Local Numbers: Montreal: 1 (514) 400-3792; Toronto: 1 (289) 514-5100; New York: 1 (646) 307-1865
- Conference ID: 57040
For those who prefer to access the conference remotely, a webcast is available, ensuring all interested parties can join and hear about OR Royalties' updates and future plans.
About OR Royalties Inc.
Founded in June 2014, OR Royalties operates as a leading precious metals royalty and streaming company. It focuses on key mining jurisdictions including Canada, the United States, and Australia. Starting with a single producing asset, the company has successfully scaled its portfolio to over 195 royalties and streams.
One of OR Royalties’ cornerstone assets includes a notable 3-5% net smelter return royalty on Agnico Eagle Mines Ltd.’s Canadian Malartic Complex, which stands as one of the world's premier gold mining sites. This positioning reflects the company’s strategic focus on valuable mining interests.
Company Structure and Contact Information
Headquartered in Montréal, Quebec, OR Royalties continues to emphasize sustainable development alongside economic growth in the mining sector. For further inquiries:
Grant Moenting
Vice President, Capital Markets
Tel: (514) 940-0670 x116
Cell: (365) 275-1954
Email: gmoenting@orroyalties.com
Heather Taylor
Vice President, Sustainability and Communications
Tel: (514) 940-0670 x105
Email: htaylor@orroyalties.com
Frequently Asked Questions
What are gold equivalent ounces (GEOs)?
Gold equivalent ounces are a measure used to assess the total ounces of metal produced, converting other metals into their gold equivalents based on current market prices.
What does cash margin indicate about OR Royalties?
Cash margin reflects OR Royalties’ operational efficiency, showing how effectively the company transforms its revenues into profits after costs.
How does OR Royalties manage its debt?
The company actively repays its revolving credit facilities, reducing outstanding balances to maintain a strong financial position.
When can investors expect the next conference call?
The next conference call will occur on August 6, 2025, following the release of their second-quarter results on August 5, 2025.
What role does Agnico Eagle Mines play for OR Royalties?
Agnico Eagle Mines is a significant partner as OR Royalties holds a net smelter return royalty on its major mining complex, which contributes substantially to the company’s revenue.
