Osisko reloaded Sean Roosen machts noch einmal: Osisko Gold Royalties Ltd.

Neues Unternehmens-Update: https://www.rohstoff-tv.com/play/or-royalties-rekordquartal-…

OR Royalties raises quarterly dividend by 18.2% to $0.065/share

Payable July 15; for shareholders of record June 30; ex-div June 30.

Brandneues Update: https://www.rohstoff-tv.com/play/or-royalties-rekordumsatz-n…

OR Royalties Announces Acquisition of a Precious Metals Stream on Canadian Copper’s New Brunswick Assets

TRANSACTION HIGHLIGHTS

1. Tier-1 Mining Jurisdiction: The Stream being acquired is on Canadian Copper's brownfield Murray Brook and Caribou properties located in the Bathurst Mining Camp of New Brunswick, Canada. Canada is defined by OR Royalties as a Tier-1 mining jurisdiction (along with the United States of America and Australia);
2. Precious Metals Streams on a Brownfield Project: The brownfield nature of Canadian Copper's 100%-owned Murray Brook deposit and the formerly-operating and permitted Caribou Complex is expected to support an accelerated permitting and development path whereby first production is expected from the Project by 2029;
3. Full Construction Financing: Concurrent $35.0 million concentrate prepayment facility provided by Ocean Partners UK Limited ("Ocean Partners") secures the full construction financing required to advance the Project into commercial production;
4. Adds to OR's Peer-Leading 5-Year gold equivalent ounces ("GEOs") Growth Profile: The Transaction is expected to add GEOs over-and-above OR Royalties' 2030 5-year outlook range of 120,000-135,000 GEOs, originally disclosed in February 2026; and,
5. Maintains Precious Metals Focus: The Stream consists entirely of silver and gold, providing OR Royalties with additional exposure to precious metals.

STREAM DETAILS

1. Upfront Deposit: OR Royalties will provide Canadian Copper cash proceeds for the Stream totaling $28.0 million as follows (the "Deposit"):
2. $5.0 million payable upon closing, and
3. $23.0 million funded quarterly (on a calendar basis) in accordance with Project construction budgets (the "Construction Installment").
4. Streamed Metal: Canadian Copper will deliver to OR Royalties refined silver and refined gold equal to 20% of the payable silver and gold in concentrate or any other product for the life of mine (the "Deliveries"). Such Deliveries are based on a 100% ownership basis of the Project. OR Royalties does not currently model payable gold in concentrates produced from Murray Brook.
5. Production Payments: OR Royalties will purchase refined silver and gold from Canadian Copper at a purchase price equal to 20% of the spot price of refined silver or gold for each ounce delivered.
6. Conditions: The funding of the Construction Installment(s) shall be conditional upon customary project milestones, including the receipt of all material environmental permits and necessary First Nations approvals required for the Project, alongside a formal construction decision by Canadian Copper's Board of Directors.
7. Security: A comprehensive security package, including full-recourse corporate guarantees and a first-ranking security interest over the Project and all other assets of Canadian Copper, shared pari passu with the Ocean Partners prepayment facility.
8. Area of Interest: The Stream shall be referenced to production from the combined Murray Brook and Caribou properties as shown in Figure 1, and any additions or replacements thereto along with any future contiguous or complementary claims owned or controlled by Canadian Copper or an affiliate.

OTHER DETAILS

1. Equity Subscription: Concurrent with closing, OR Royalties shall subscribe to $4.0 million in common shares of Canadian Copper at a share price of C$0.75.
2. ROFR: Canadian Copper will grant OR Royalties a ROFR in respect of the sale, transfer or buy-back of any royalty, stream or similar interest in the products mined or otherwise extracted from any property owned or acquired by Canadian Copper or an affiliate.

MURRAY BROOK PROJECT

Canadian Copper's Murray Brook project is located approximately 60 km west of the City of Bathurst in the Parish of Balmoral, Restigouche County, New Brunswick, Canada. In October 2024, Canadian Copper announced the signing of a term sheet and exclusivity agreement providing it the exclusive right to acquire the Caribou Complex, which is situated just 13 km east of Murray Brook. Canadian Copper's acquisition of the Caribou Complex is expected to close in Q2 2026. The permitted Caribou Complex (along with a permitted tailings storage facility) would be used to produce copper, lead, and zinc concentrates with recoverable silver from the Murray Brook mineralized feed material. Canadian Copper completed a Preliminary Economic Assessment ("PEA") on the Project in July 2025. The PEA mine plan consists of conventional drill/blast/load/haul open-pit mining methods for the Murray Brook deposit and includes a 13km haul road for the mineralized material to be processed at the Caribou Complex. The life-of-mine plan proposes one open pit with four development phases at an average production rate of 3,300 tpd of mineralized material at a strip ratio of 5.0:1 for 13.2 years. Additional PEA highlights include:

1. Initial / pre-production capital expenditure of C$64M, resulting in a Project NPV/CAPEX ratio of 2.7x;
2. A total of 15.4 million tonnes ("Mt") of mineralized material planned to be mined at average grades of 41.1 grams per tonne ("g/t") silver ("Ag"), 0.55 g/t gold ("Au"), 0.47% copper ("Cu"), 0.96% lead ("Pb"), 2.67% zinc ("Zn")1;
3. Overall process recoveries of 68% for Cu, 82% Zn, 55% Ag, and 44% Pb;
4. Average annual payable production of:
5. Eight (8) million pounds ("Mlbs") Cu
6. 47 Mlbs Zn
7. 783 thousand ounces Ag
8. 10 Mlbs Pb; and,
9. All-in sustaining cash cost ("AISC") of US$3.14 per lb copper-equivalent ("CuEq") or AISC of US$0.96 per lb zinc-equivalent ("ZnEq")2

Jason Attew, President & CEO of OR Royalties, commented: "Canadian Copper's Murray Brook Project checks all of our strategic boxes; the integration of Murray Brook and the Caribou Complex creates a premier brownfield polymetallic project with significant precious metals credits in a Tier-1 mining jurisdiction. Thanks to existing infrastructure and strong alignment with local stakeholders, the project benefits from a significantly accelerated development timeline. We are excited to partner with Canadian Copper as they advance toward a mine-and-mill restart, which is expected to deliver high-margin GEOs to OR Royalties before the end of the decade."

OR Royalties is acquiring Terraco and the NSR Royalties for total cash consideration of $168 million (the "Transaction"). The Transaction is subject to the approval of the TSX Venture Exchange and other customary closing conditions, and is expected to be completed in the first half of 2026. Amounts presented are in United States dollars, except where otherwise noted.

OR Royalties is acquiring the following NSR Royalties, three of which cover Spring Valley (please refer to Figure 1 below):

1. An effective 3.0% NSR1 royalty on the Schmidt Claim Block ("Schmidt Claims") which covers the majority of the acres included in Solidus' proposed open-pit at Spring Valley (royalty shown as 6% pro-forma the Figure 1);
2. A 1.0% NSR royalty on a portion of the proposed open pit at Spring Valley (the "Additional Royalty Areas") (royalty shown as 4% pro-forma in Figure 1);
3. A 0.5% NSR royalty on a portion of the proposed open pit at Spring Valley (the "Perimeter Royalty Area") (royalty shown as 1% pro-forma in Figure 1); and,
4. A 2.0% NSR royalty on the Moonlight Property, which is an adjacent land package to Spring Valley, and is owned by Waterton Gold Corp., a subsidiary of Waterton Gold LP ("Waterton Gold") (royalty shown as 2-3% pro-forma in Figure 1).

TRANSACTION HIGHLIGHTS

1. Tier-1 Mining Jurisdiction: All the NSR Royalties being acquired as part of the Transaction cover projects located in Nevada, which is ranked 4th globally as a mining jurisdiction in the Annual Survey of Mining Companies, 2024 completed by The Fraser Institute2. The United States is defined by OR Royalties as a Tier-1 Mining Jurisdiction, along with Canada and Australia;
2. Addition of Complementary Royalty Assets on a Familiar Project Now Entering Construction: The NSR Royalties being acquired complement those already owned by OR Royalties at Spring Valley. Following the closing of the Transaction, OR Royalties will own, on a combined basis: a 6.0% NSR royalty on the Schmidt Claims, a 4.0% NSR royalty on the Additional Royalty Areas, and a 1.0% NSR royalty on the Perimeter Royalty Area;
3. Adds to Peer-Leading 5-Year Gold Equivalent Ounce ("GEO3") Growth Profile: The Transaction, anchored by the NSR royalties covering Solidus' Spring Valley, is expected to add GEOs over-and-above OR Royalties' recently released 2030 5-yr outlook range of 120,000-135,000 GEOs. Spring Valley is construction-ready and Solidus expects to achieve first gold production in the first half of 20281;
4. Maintains Precious Metals Focus: The NSR Royalties being acquired in the Transaction consist entirely of gold assets, providing OR Royalties with additional exposure to precious metals.

Figure 1 - OR Royalties' Updated Royalty Pro-Forma Coverage at Spring Valley Upon the Closing of the Transaction4

SPRING VALLEY PROJECT

Solidus Resources is on the verge of advancing Spring Valley in Pershing County, Nevada, USA, through construction and eventually into operations. Solidus is a wholly-owned subsidiary of Waterton Gold, a private mining company. Since consolidating 100% ownership of Spring Valley in 2015, Solidus has substantially de-risked the project through extensive technical work programs, including drilling, metallurgical testwork, hydrological studies, and geotechnical analyses and a Feasibility Study completed in 2025. With all major federal permits in place, Spring Valley is now entering the construction phase, marking a key milestone in its path toward first gold production in the first half of 2028; as such, Spring Valley represents Nevada's next large-scale, low-cost, heap-leach gold mine.

Asset Highlights:

1. Large, heap leach gold project with Mineral Reserves of 3.88 million ounces gold ("Au") (306.9 million short tons grading 0.013 troy oz per short ton) (the Mineral Reserve Estimate was prepared in accordance with the 2014 CIM Definition Standards and is contained within pit designs using Indicated Mineral Resources only and a gold price of $1,800/oz);
2. Run of mine design gold recovery: 79% for oxide; 70% for transition; 56% for sulfide. Crushed design gold recovery: 88% for oxide; 80% for transition; 74% for sulfide;
3. 10-year plus life-of-mine averaging production of over 300 thousand ounces ("koz") Au per year, with an average of 348koz Au per year over the first five years;
4. Life-of-mine (LOM) all-in sustaining costs (AISC) of ~$1,103/oz Au; and,
5. Fully-Permitted: US BLM positive Record of Decision announced July 15, 2025.

Jason Attew, President & CEO of OR Royalties commented: "Consolidating our royalty interest in Spring Valley, a fully permitted, multi-million-ounce gold project in Nevada, is a high-conviction move for OR Royalties. This acquisition enhances our peer-leading growth profile by adding significant, long-life gold production starting in 2028 (with GEOs to OR Royalties starting as early as 2029), further validating our strategy of acquiring top-tier assets in the world's best mining jurisdictions."

Sources for Technical Information:

https://solidus-resources.com/spring-valley-project/technica…

https://solidus-resources.com/solidus-resources-llc-announce…

https://s203.q4cdn.com/976005377/files/doc_financials/2025/q…

https://www.wheatonpm.com/news/news-details/2025/Wheaton-Pre…

https://sailfishroyalty.com/index.php/projects/spring-valley…

OR Royalties Announces Acquisition of a Portfolio of Royalty Assets Including a 1.5% NSR Royalty on Buenaventura’s Producing San Gabriel Mine

OR Royalties" or the "Company") (OR: TSX & NYSE) is pleased to announce that it has entered into a definitive agreement with affiliates of Gold Fields Limited ("Gold Fields") to acquire a high-quality portfolio of precious metals assets (the "Portfolio") consisting of eight royalties for a total consideration of $115 million (the "Purchase Price"), anchored by a 1.5% net smelter return ("NSR") royalty on Compañía de Minas Buenaventura SAA's ("Buenaventura") producing San Gabriel gold and silver mine ("San Gabriel") located in the Province of General Sánchez Cerro, Region of Moquegua, Peru (the "Transaction"). Amounts presented are in United States dollars, except where otherwise noted.

TRANSACTION HIGHLIGHTS

1. Immediately Adds to Expected Gold Equivalent Ounce ("GEO") Deliveries: The Transaction, anchored by the 1.5% NSR royalty over Buenaventura's newly producing San Gabriel gold and silver mine in Peru, adds immediate GEOs to OR Royalties' expected GEO deliveries for 2026;

Peer-Leading GEO Delivery Growth: The Transaction also contributes to OR Royalties' growth outlook with a forecasted GEO delivery range of 80,000 - 90,000 GEOs in 2026 (including San Gabriel), growing to an expected GEO delivery range of 120,000 - 135,000 in 2030 (including both San Gabriel and Galiano Gold´s Nkran, representing approximately 50% expected GEO delivery growth over this period of time, with no contingent capital required;

1. Addition of Exciting Development and Exploration Assets in Tier-1 Mining Jurisdictions: The Portfolio includes a 2.0% NSR royalty on Torque Metals rapidly advancing and past-producing Paris development project in Western Australia, as well as a 2.5% Net Profits Interest ("NPI") royalty over Freeport McMoRan Inc.'s ("Freeport") and Amarc Resources JOY district exploration project in British Columbia (which itself includes the recent AuRORA discovery), amongst others; and
2. Maintains Precious Metals Focus: The Portfolio, consisting predominantly of gold and silver assets, provides OR Royalties with additional exposure to precious metals.

ACQUIRED ASSETS

San Gabriel 1.5% NSR Royalty Provides Immediate GEOs & Cash Flow

1. Buenaventura announced that San Gabriel produced its first gold (and silver) on December 23, 2025, with commercial production expected to be achieved in 2026;
2. An SK-1300 report published on April 23, 2025 outlines that total underground San Gabriel Proven and Probable Mineral Reserves are estimated to be 15.3 million tonnes ("Mt") at average grades of 3.71 g/t gold ("Au") and 6.32 g/t silver ("Ag"), containing 1.8 million ounces ("Moz") of Au and 3.1 Moz of Ag. The estimated Mineral Reserves support a current mine life of 14.6 years;
3. San Gabriel mill throughput is expected to ramp up from 2,000 tonnes per day ("tpd") in 2026, and to 3,100 tpd from 2028 onwards until an expected expansion is eventually completed towards the end of this decade, further increasing the production rate to 4,000 tpd.
4. Buenaventura's production guidance outlined in their November 2025 Investor Day Presentation for San Gabriel and updated again in a press release on February 17, 2026, included 48-55 thousand ounces ("koz") Au in 2026, 90-95 koz Au in 2027, and 95-110 koz Au from 2028 onwards;
5. Buenaventura is an experienced Peruvian-based miner and project developer, operating multiple assets throughout the country of Peru, with San Gabriel now its fourth producing mine; and
6. Peru is a proven and well-established mining jurisdiction, and a top gold mining jurisdiction, having ranked 9th in global gold production, and ranked 1st amongst South American nations in 2024, based on data from the World Gold Council.

Nkran 1.0% NSR Royalty Provides Additional Growth with Respect to OR Royalties' 5-Year Outlook

1. Galiano's Nkran is a major pushback on a satellite deposit at its flagship Asanko gold mine in Ghana, with timing of meaningful Nkran production coming towards the end of this decade;
2. As described in the 2023 Technical Report, Nkran is planned as a conventional open-pit pushback at an already-operating mine, with Proven and Probable Mineral Reserves of 10.6Mt at an average grade of 1.67 g/t Au containing approximately 571koz Au; and
3. The 1.0% NSR royalty is payable after initial production of 100 koz Au, but is also capped at 447 koz Au, which, based on plans outlined by Galiano, would see an expected and approximate 2,000 - 2,500 GEOs delivered to OR Royalties in both the 2029 and 2030 calendar years, respectively.

1. Torque's Paris gold project is an advanced exploration and development project in Western Australia that sits on granted mining licenses, crossed by highway, rail, power and water infrastructure;
2. Paris is positioned 12 km southeast of Gold Fields' St. Ives mine and 10 km east of Westgold Resources Ltd.'s Higginsville mine, benefitting from two key proximal operating processing facilities within trucking range;
3. Torque published a JORC-Compliant Mineral Resource Estimate ("MRE") for Paris on September 18, 2024 consisting of 606 thousand tonnes ("kt") of Indicated grading 3.2 g/t Au containing 63 koz Au, as well as 1,912 kt of Inferred grading 3.0 g/t Au containing 187 koz Au;
4. Several extensions and new zones have been discovered since the 2024 MRE, including:
5. 5.0 meters ("m") of 15.2 g/t Au at 114.0 m vertical depth at HHH announced on November 13, 2025;
6. 12.0 m of 6.2 g/t Au at 418.0 m vertical depth at Paris Main announced on October 23, 2025;
7. 6.0 m of 7.1 g/t Au at 233.0 m vertical depth at Paris Main announced on September 22, 2025;
8. Torque successfully raised A$16.2 million in December 2025 to fund an aggressive multi-rig drilling campaign for calendar 2026 as well as early feasibility workstreams, and assessments of production pathways leveraging Torque's granted mining licenses at Paris, and nearby infrastructure; and
9. On January 29, 2026, Torque announced they had commenced mining development and permitting activities to support submissions to the Department of Mines, Petroleum and Exploration. This is in the view of assessing toll-treatment scenarios of shallow open pit opportunities.

JOY 2.5% NPI Royalty Provides Exposure to One of the Most Exciting Recent Discoveries in Canada and is Complementary to Existing Royalty Assets within OR Royalties' Portfolio

1. Freeport and Amarc's JOY District joint venture (the "Joint Venture") is an early-stage, district-scale, copper-gold exploration project that hosts the AuRORA discovery ("AuRORA"), and is located in British Columbia, Canada, and also just 30 kilometers north of Centerra Gold Inc.'s Kemess project which hosts a 50,000 tpd mill, currently on care and maintenance;
2. Freeport has earned an initial 60% interest in the Joint Venture by funding exploration programs and has now elected to proceed to Stage 2 (this next stage requires Freeport to spend an additional C$75 million to earn a further 10% interest, for a total of 70%);
3. AuRORA is highlighted by its initial discovery hole announced on January 17, 2025 of 108 m of 3.09 g/t Au, 0.82% Cu and 9 g/t Ag, with subsequent drilling confirming near-surface gold-rich copper porphyry mineralization;
4. The Joint Venture has the ability to re-purchase 50% of the 2.5% NPI for C$2.5 million at any time; and
5. OR Royalties already owns a 1.0% NSR royalty over the western extension of AuRORA, within the Shasta project being advanced by TDG Gold Corp.

Additional Royalties and Considerations being Acquired by OR Royalties

1. The Portfolio also consists of three additional royalties, including a 2.0% NSR royalty over Northern Star Resources Warrida Well tenements in Western Australia, a 2.0% NSR royalty over Vizsla Copper Corp.'s Woodjam copper exploration project located in British Columbia, and a 0.5-1.0% NSR royalty over Mineral Resources Ltd.'s Kambalda Lithium project in Western Australia; and,
2. Finally, as part of the Portfolio acquisition, OR Royalties has been granted certain rights, including a Right-of-First-Offer (ROFO) on Gold Fields' 2.0% NSR Royalty covering CD Capital Natural Resources Fund III's Suhanko platinum-group metals ("PGM") project located in Lapland, Finland. A Feasibility Study evaluating an open-pit mining scenario at Suhanko is currently underway, as the project hosts one of the world's largest PGM Resources outside of Russia and Continental Africa.

Galiano Deferred Payments Acquired by OR Royalties

1. Separate to the Portfolio, OR Royalties has agreed to pay Gold Fields an additional $52 million in exchange for deferred payment obligations totalling $60 million payable by Galiano as follows:
2. $30 million on or before December 31, 2026; and
3. $30 million upon production of an aggregate of 100,000 ounces of gold from Nkran.

Jason Attew, President & CEO of OR Royalties commented: "This acquisition is a strategic win for OR Royalties, anchored by immediate GEOs and cash flows from the San Gabriel mine. We are proud to partner with Buenaventura as San Gabriel ramps up in 2026, delivering both near-term revenue and long-term expansion potential. Beyond this cornerstone asset, the Portfolio deepens our growth pipeline with Galiano's Nkran and Torque's Paris development project in Australia. It also strategically consolidates our coverage across the highly prospective JOY district in British Columbia, pairing a new NPI on the high-grade AuRORA discovery with our existing royalty on AuRORA's western extension.

OR Royalties Reports Record 2025 Results and Provides 2026 GEO Delivery Guidance and New 5-Year Outlook

OR Royalties" or the "Company") (OR: TSX & NYSE) is pleased to announce its consolidated financial results for the year-end 2025. Amounts presented are in United States dollars, except where otherwise noted.

2025 Financial Highlights

1. 80,775 gold equivalent ounces ("GEOs1") earned (80,740 GEOs in 2024);
2. Record revenues from royalties and streams of $277.4 million ($191.2 million in 2024);
3. Record cash flows generated by operating activities of $245.6 million ($159.9 million in 2024);
4. Record cash margin2 of $268.3 million or 96.7% ($184.4 million or 96.5% in 2024);
5. Record net earnings of $206.1 million, $1.10 per basic share ($16.3 million, $0.09 per basic share in 2024);
6. Record adjusted earnings2 of $165.5 million, $0.88 per basic share ($97.3 million, $0.52 per basic share in 2024);
7. Debt-free following the full repayment of the revolving credit facility (net repayments of $94.9 million in 2025);
8. Purchased for cancellation, under the normal course issuer bid, a total of 1.1 million common shares for $36.7 million (C$50.8 million; average acquisition price per share of C$47.86) in 2025;
9. Cash balance of $142.1 million as at December 31, 2025; and
10. Increase in the revolving credit facility to $650.0 million plus an uncommitted accordion of $200.0 million, and extension of the maturity date to May 30, 2029.

Other Highlights

1. First payment received from Cardinal Namdini Mining Ltd. under the Namdini Gold Mine ("Namdini") 1.0% net smelter return ("NSR") royalty;
2. First payment received from https://www.goldseiten.de/minen/3689--Talisker-Resources-Ltd under the Bralorne 1.7% NSR royalty;
3. Acquisition by OR Royalties International Ltd. ("OR Royalties International"), a wholly-owned subsidiary of the Company, of a 100% silver stream on Orla Mining Ltd.'s South Railroad project in Nevada, United States, for cash consideration of $13.0 million;
4. Acquisition of a 1.5% NSR royalty from Japan Gold Corp. ("Japan Gold") on Japan Gold's wholly-controlled properties in Japan for cash consideration of $5.0 million;
5. Acquisition of a basket of royalties across various projects in British Columbia, Canada, from Sable Resources Ltd. ("Sable Resources") for cash consideration of C$3.8 million ($2.8 million), as well as certain rights in relation to the future acquisition of similar interests from Sable Resources;
6. Second payment of $10.0 million made by OR Royalties International on the Cascabel gold stream;
7. Receipt of $49.0 million from Harmony Gold Mining Company Limited ("Harmony") for shares held by OR Royalties International upon closing of Harmony's transaction to acquire MAC Copper Limited;
8. Publication of the fifth edition of the Company's sustainability report, Growing Responsibly, in addition to the OR Royalties 2025 Asset Handbook; and
9. Declaration of quarterly dividends totaling $0.211 per common share (C$0.255, or US$0.182, per common share in 2024).

Subsequent to December 31, 2025

1. The appointment of Mr. Kevin Thomson as an Independent Director to the Company's Board of Directors. Concurrently, OR Royalties announced that Mr. William Murray John has resigned as a director of the Company, effective immediately;
2. Acquisition of an additional 1.0% NSR royalty covering the producing Namdini mine in Ghana, with an effective date of October 1, 2025. OR Royalties has closed the transaction with Savannah Mining Limited ("Savannah"), acquiring Savannah's remaining 50% interest in the 2.0% NSR royalty for total cash consideration of up to $103.5 million;
3. Acquisition of a portfolio of precious metals assets from Gold Fields Limited ("Gold Fields") consisting of eight royalties for a total consideration of $115.0 million, and anchored by a 1.5% NSR royalty on Compañía de Minas Buenaventura S.A.A.'s ("Buenaventura") producing San Gabriel gold and silver mine ("San Gabriel") located in Peru; and
4. Declaration of a quarterly dividend of $0.055 per common share payable on April 15, 2026 to shareholders of record as of the close of business on March 31, 2026.

Guidance for 2026 and 5-Year Outlook

2026 Guidance

OR Royalties expects GEOs earned to range between 80,000 to 90,000 in 2026 at an average cash margin of approximately 97%. For the 2026 guidance, deliveries of silver, copper, and cash royalties were converted to GEOs using commodity prices based on February 2026 consensus commodity prices and a gold/silver price ratio of 73:1.

The 2026 guidance assumes ramp-ups at both the Dalgaranga and San Gabriel mines, as well as first payments received under those gross revenue and NSR royalties from Ramelius and Buenaventura, respectively. The guidance also assumes increased payments associated with GEOs earned from the Company's 2.0% NSR royalty covering Cardinal Namdini Mining Ltd.'s Namdini mine. In addition, the guidance assumes relatively consistent year-over-year GEO deliveries from Capstone Copper Corp.'s Mantos Blancos mine. Finally, the guidance assumes conservative estimates of GEOs expected to be earned from Harmony Gold Mining Ltd.'s ("Harmony") CSA mine, as Harmony's ownership transition continues and the Harmony team continues to condition the asset for optimized performance over the long-term.

OR Royalties' 2026 guidance on royalty and stream interests is largely based on publicly available forecasts from its operating partners. When publicly available forecasts on properties are not available, OR Royalties obtains internal forecasts from the producers or uses management's best estimate.

5-Year Outlook

OR Royalties expects its portfolio to generate between 120,000 and 135,000 GEOs in 2030. The outlook assumes the commencement of production at Gold Fields' Windfall, South32 Limited's Hermosa/Taylor, Osisko Development´s Cariboo, Solidus Resources LLC's Spring Valley, United Gold's Amulsar and Orla Mining Ltd.'s South Railroad projects, respectively. It also assumes increased production from certain other operators that are advancing expansions including Alamos Gold Inc.'s Island Gold District Expansion, amongst others. The 5-year outlook assumes there will be no GEO contribution from the Eagle Gold mine, which remains in receivership.

Beyond this growth profile, OR Royalties owns several other growth assets, which have not been factored into the 5-year outlook, as their respective development timelines are either longer, or difficult to reasonably forecast at this time. As these operators provide additional clarity on these respective assets, OR Royalties will seek to include them in future long-term outlooks.

The 5-year outlook is based on internal judgements of publicly available forecasts and other disclosures by the third-party owners and operators of the Company's assets and could differ materially from actual results. When publicly available forecasts on properties are not available, OR Royalties obtains internal forecasts from the operators or uses management's best estimate. The commodity price assumptions that were used in the 5-year outlook are based on current long-term consensus and a gold/silver price ratio of 82:1.

This 5-year outlook replaces the 5-year outlook previously released in February 2025, the latter of which should be considered as withdrawn. Investors should not use the current 5-year outlook to extrapolate forecast results to any year within the 5-year period (2026-2030).

Management Commentary

Jason Attew, President & CEO of OR Royalties commented: "2025 was a landmark year for OR Royalties, delivering a 'triple crown' of records in revenues, cash flow, and earnings. We closed the year debt-free, providing the Company with the financial flexibility to add to our already peer-leading growth profile. Our 2026 guidance reflects the immediate benefit of production ramp-ups at Namdini, Dalgaranga, and San Gabriel, all of which serve to offset ongoing transitional impacts at CSA. Our long-term thesis remains best-in-class: with fully-financed mine expansions and new builds coming online starting in 2027, we are positioned to deliver 50% GEO growth by 2030."

OR Royalties Announces Preliminary Q4 2025 GEO Deliveries Along With Record Annual Revenues and C$50.8 Million of Share Repurchases Under the Normal Course Issuer Bid in 2025

MONTRÉAL, Jan. 06, 2026 (GLOBE NEWSWIRE) — OR Royalties Inc. (“OR Royalties” or the “Company”) (OR: TSX & NYSE) is pleased to provide an update on its fourth quarter and full year 2025 preliminary deliveries, revenues and cash margin, as well as on its cash and debt positions as at December 31st, 2025. All monetary amounts included in this report are expressed in United States dollars, unless otherwise noted.

PRELIMINARY Q4 AND FULL YEAR 2025 RESULTS

OR Royalties earned 21,735 gold equivalent ounces1 (“GEOs”) in the fourth quarter of 2025, for a total of 80,775 GEOs in 2025, thereby achieving the Company’s GEO delivery guidance range of 80,000-88,000 GEOs.

OR Royalties recorded record preliminary revenues from royalties and streams of $90.5 million during the fourth quarter and preliminary cost of sales (excluding depletion) of $2.6 million, resulting in a quarterly cash margin2 of approximately $87.9 million (or 97.2%).

For the full year 2025, preliminary revenues from royalties and streams reached a record $277.4 million and preliminary cost of sales (excluding depletion) are estimated at $9.1 million, resulting in an annual cash margin2 of $268.3 million (or 96.7%).

As at December 31st, 2025, OR Royalties’ cash position was approximately $142.1 million, after full repayment of the outstanding amount under the Company’s revolving credit facility in 2025 (net repayment of $94.9 million) and repurchases of common shares made under the normal course issuer bid of $36.7 million (C$50.8 million) in 2025. OR Royalties’ revolving credit facility was completely undrawn as at the end of 2025, with an amount of $650.0 million available to be drawn plus the uncommitted accordion of up to $200.0 million.

Q4 AND FULL YEAR 2025 RESULTS CONFERENCE AND WEBCAST CALL DETAILS

Results Release:

Wednesday, February 18th, 2026 after market close

Average Metal Prices

	Three months ended	December 31,			Years ended	December 31,
		2025			2024				2025			2024
Gold (i)	$4,135		$2,663			$3,432		$2,386
Silver (ii)	$54.73		$31.38			$40.03		$28.27
Copper (iii)	$11,092		$9,193			$9,945		$9,147

Antwort auf boersenroman 11.10.25 20:00:35 Uhr

Wenn ich mir den Chart ansehen, würde ich auf Verschnaufpause tippen...

Warum haut die Aktie trotz Rekordumsätze und Gold über 4.000 $ ins Minus ab? Hat jemand ne Ahnung?

Or Royalties Announces Preliminary Q3 2025 Geo Deliveries Along With Record Quarterly Revenues

MONTRÉAL, Oct. 07, 2025 (GLOBE NEWSWIRE) -- OR Royalties Inc. (OR) (“OR Royalties” or the “Company”) (OR: TSX & NYSE) is pleased to provide an update on its third quarter 2025 preliminary deliveries, revenues and cash margin, as well as on its cash and debt positions as at September 30th, 2025. All monetary amounts included in this report are expressed in United States dollars, unless otherwise noted.

PRELIMINARY Q3 2025 RESULTS

OR Royalties earned 20,326 attributable gold equivalent ounces1 (“GEOs”) in the third quarter of 2025.

OR Royalties recorded preliminary revenues from royalties and streams of $71.6 million during the third quarter, a quarterly record, and preliminary cost of sales (excluding depletion) of $2.4 million, resulting in a quarterly cash margin2 of approximately $69.3 million (96.7%).

As at September 30th, 2025, OR Royalties’ cash position was approximately $57.0 million, following repayment of the outstanding balance on the Company’s revolving credit facility ($35.4 million) during the third quarter. Therefore, OR Royalties’ revolving credit facility of $650.0 million (plus the uncommitted accordion of $200.0 million) was entirely undrawn as at the end of the third quarter.

OR Royalties: Starker Anstieg des Cashflows im zweiten Quartal - Aktie steigt und steigt: https://www.rohstoff-tv.com/play/or-royalties-starker-anstie…

Nachrichten mit OR Royalties: https://www.rohstoff-tv.com/play/nachrichten-mit-canada-nick…

Osisko Development Announces US$195 Million Financing

MONTREAL, July 31, 2025 - Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets, under which the underwriters have agreed to buy, on a "bought deal" private placement basis, 58,560,000 units of the Company (the "Units"), at a price of US$2.05 per Unit (the "Issue Price") for aggregate gross proceeds of US$120,048,000 (the "Offering").

Each Unit consists of one common share of the Company ("Common Share") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant a "Warrant"). Each Warrant will entitle the holder to acquire one Common Share (a "Warrant Share") at an exercise price of US$2.56 for a period of 24 months following the closing date. At any time following the 15-month anniversary of the closing date, if the closing price of the Common Shares on either Exchanges exceeds the exercise price for 20 or more consecutive trading days, the Company may, within 10 days following such occurrence, deliver a notice to the holders thereof accelerating the expiry date of the warrants to a date that is 30 days after the date of such notice.

The Company has granted the underwriters an option, exercisable at any time up to 48 hours prior to the closing of the Offering, to purchase up to additional 2,440,000 Units purchased pursuant to the Offering. The total size of the Offering, inclusive of the Underwriter's Option, will not exceed US$125 million.

Concurrent with the brokered Offering, the Company intends to complete a non-brokered private placement of 36,600,000 Units to a strategic investor at the Issue Price for aggregate gross proceeds of US$75,030,000. It is expected that the Company and the strategic investor will enter into an investor rights and voting support agreement, which will include, among other customary terms, a right to identify a director for the Company Board.

The Company intends to use the net proceeds of the Offering and the non-brokered private placement to fund the broadly distributed equity portion of the capital required to construct the Cariboo Gold Project and for general corporate purposes. The Company believes that the net proceeds of the Offering and the non-brokered private placement, together with the net proceeds of the US$450 million project loan credit facility with Appian Capital Advisory Limited announced on July 21, 2025, indications of interest from commodity traders seeking high-quality concentrate off-take, and other potential financing arrangements that the Company is actively negotiating, will provide sufficient funding to construct the Cariboo Gold Project.

The Offering is expected to close on or about August 15, 2025 and is subject to the receipt of all necessary regulatory approvals, including the conditional approval of the TSX Venture Exchange and the New York Stock Exchange (together, the "Exchanges"). Closing of the Offering and the non-brokered private placement are intended to occur on the same date, however there is no cross-conditionality between the closing of the non-brokered private placement and the closing of the Offering.

das projekt ist somit komplett finanziert...interessant wäre noch zu wissen wer der strategische partner ist der noch nicht genannt werden wollte.

damit dürfte der 5% NSR in absehbarer zeit ans netz gehen (zusätzlichen 10000oz/y) der noch nicht im ausblick drin ist

PRELIMINARY Q2 2025 RESULTS

OR Royalties earned 19,700 attributable gold equivalent ounces1 ("GEOs") in the second quarter of 2025.

OR Royalties recorded preliminary revenues from royalties and streams of $60.4 million during the second quarter, a quarterly record, and preliminary cost of sales (excluding depletion) of $2.6 million, resulting in a record quarterly cash margin2 of approximately $57.8 million (95.8%).

As at June 30th, 2025, OR Royalties' cash position was approximately $49.6 million, following repayments of $40.0 million on the Company's revolving credit facility during the second quarter. OR Royalties' revolving credit facility was drawn by $35.7 million at the end of June 2025, with an additional amount of $614.3 million available to be drawn plus the uncommitted accordion of $200.0 million. For additional information on the recent amendments to OR Royalties' revolving credit facility, please refer to the Company's press release titled "OR Royalties Announces Increase of Credit Facility and Positive Net Cash Position" and dated June 9th, 2025.

Subsequent to quarter-end, OR Royalties paid down an additional $10.0 million against its revolving credit facility, reducing the outstanding balance to $25.7 million as of the date of this press release.

Nachrichten mit Canada Nickel: https://www.rohstoff-tv.com/play/nachrichten-canada-nickel-f…

OR Royalties (NYSE:OR) converted its credit facility to USD and increased its size to $650M, with an additional $200M accordion, totaling up to $850M.
The previous facility was C$550M with a C$200M accordion.

Interest rates remain unchanged.
The facility matures on May 30, 2029.

OR Royalties now holds a positive net cash position, backed by strong operating cash flows.

Separately, OR Royalties expects to receive $49M from Harmony Gold’s pending acquisition of MAC Copper, in which it owns 4M shares.
The MAC Copper transaction is expected to close later in 2025.

https://seekingalpha.com/pr/20130845-or-royalties-announces-…

Starker Cashflow im ersten Quartal und neue Projekte - der Aktienkurs bricht aus: https://www.rohstoff-tv.com/play/or-royalties-starker-cashfl…

Strong Richtung 30 Euro…

Positive Updates on Select Development Assets Outside of Current 5-Year Outlook & Acquisition of Silver Stream on South Railroad Project


MONTRÉAL, June 02, 2025 -- OR Royalties Inc. (the "Company" or "OR Royalties" or "OR") (OR: TSX & NYSE) is pleased to provide the following select asset updates. Amounts presented are in United States dollars, except where otherwise noted.

Jason Attew, President & CEO of OR Royalties commented: "Today's update further demonstrates the embedded material optionality within OR Royalties' robust asset portfolio. None of the assets highlighted herein are included in OR's current five-year GEO delivery growth outlook of 110,000 - 125,000 GEOs, however, based on the recent positive news associated with each, some or all may potentially be included in future iterations of our 5-year growth outlook. We are also pleased to announce the acquisition of a 100% silver stream on Orla Mining's South Railroad project in Nevada, further increasing our Company's exposure to Tier-11 mining jurisdictions."

South Railroad (operated by Orla Mining Ltd.)

On May 19th, Osisko Bermuda Limited ("OBL"), a wholly-owned subsidiary of OR Royalites, completed the acquisition of a 100% silver stream ("Silver Stream") from a fund managed by Orion Resource Partners (USA) LP ("Orion") with reference to production from Orla Mining Ltd.'s ("Orla") South Railroad project and Jasperiod Wash deposit (collectively, the "Project") located in Elko County, Nevada, USA. Orla is planning to release an updated Feasibility Study ("FS") for South Railroad by end-of-year 2025 and anticipates receiving final permits by mid-2026, followed by a projected pre-production construction timeline of approximately 12 months. Consequently, first production from South Railroad could occur as early as 2027. South Railroad is expected to be an open-pit heap-leach mine, using conventional processing methods, resulting in on-site doré production.

Pursuant to the Silver Stream agreement, OBL will purchase refined silver equal to 100% of the recovered silver produced from the Project for the life of mine at a price equal to 15% of the prevailing market price of silver. The Silver Stream is secured by the property and assets relating to the Project. OBL paid Orion $13 million on closing representing the total consideration for the purchase of the Silver Stream.

Orla is a multi-asset mid-tier gold producer; the company constructed and continues to operate the Camino Rojo open-pit heap-leach gold project in Mexico, and recently acquired the operating Musselwhite gold mine from Newmont Corp.

Spring Valley (operated by Solidus Resources, LLC, a wholly-owned subsidiary of Waterton Mining)

OR Royalties is pleased to report that the United States Bureau of Land Management ("BLM") has announced an expected release for a Final Environmental Impact Statement on Solidus Resources, LLC's ("Solidus") Spring Valley gold project by July 11th, 20252. In addition, the BLM has guided for a Record of Decision by August 11th, 2025. This is expected to allow for project construction to commence in the third quarter of 2025.

On May 13, 2025, Solidus announced the receipt of a Letter of Interest from the Export-Import Bank of the United States (EXIM) regarding the potential financing of up to $835,000,000 for the Spring Valley Project3. The funding for this project is being considered under EXIM's Make More in America initiative and its China and Transformational Exports Program.

Solidus released the results of the Spring Valley FS in February 2025, which outlined a +10-year life-of-mine ("LOM") averaging over 300 thousand ounces ("koz") of gold ("Au") per year (excluding a residual year of gold leaching), with 348koz Au expected to be produced per year over the first five years. Spring Valley is envisaged as a single, large open-pit mine with a LOM strip ratio of 2.9:1. The FS was based on a Probable Mineral Reserve of 243 million short tons, grading 0.016 oz/ton Au for 3.8 million ounces ("Moz") contained Au. Production estimates are based on an average LOM gold recovery rate of 80.5%.

OR Royalties owns a 2.0% to 3.5% net smelter return ("NSR") royalty on the core of the Spring Valley deposit, and a 0.5% NSR royalty on peripheral claims, the latter of which comprises only a small percentage of the overall defined Mineral Resource. The majority of the current pit constrained resource sits within OR Royalties' 3.5% NSR royalty area. The royalty on the core claims becomes payable once 500koz Au are recovered from Spring Valley.

Cariboo (operated by Osisko Development Corp.)

In late April 2025, Osisko Development Corp. ("Osisko Development") announced the results of a positive Optimized Feasibility Study ("OFS") for its permitted, 100%-owned Cariboo gold project ("Cariboo"), located in central British Columbia, Canada. The 2025 OFS was completed by BBA Engineering Ltd. as lead independent consultant and supported by other independent engineering firms. The OFS outlined a 10-year LOM averaging approximately 190koz Au per year, with 202koz Au expected per year over the first five years. Production estimates are based on an average LOM gold recovery rate of 92.6%.

According to the OFS, the project will now proceed through a single-phase construction period, and subsequently ramp-up directly to nameplate capacity of 4,900 tonnes per day, which is aligned with the existing permitting framework. The OFS also outlined streamlined processing facilities into a single location and improved flowsheet design with incorporation of a gravity circuit, as well as production of a higher-grade concentrate end-product. The FS was based on a Probable Mineral Reserve of 17.8 million tonnes, grading 3.62 grams per tonne gold ("g/t Au") for 2.071Moz contained Au. Production estimates are based on an average LOM gold recovery rate of 92.6%.

Cariboo is a fully permitted project, and subject to financing, first gold production from Cariboo could come as early as the second half of 2027 assuming construction commences in the third quarter of 2025.

OR Royalties owns a 5.0% NSR royalty on the Cariboo property.

Amulsar (operated by United Gold)

In early June, OBL completed the sale of its ownership interest in Lydian Armenia CJSC and the Amulsar mine to United Gold, a private gold development company. Concurrently, OBL entered into an amended and restated purchase and sale agreement (gold and silver) (the "Stream Agreement") and an amended and restated credit agreement (the "Credit Agreement").

Pursuant to the Stream Agreement, OBL will purchase (i) refined gold equal to 3.34% of payable gold produced from the mine until ~82.3koz Au have been delivered and 1.31% of payable gold thereafter for the remaining LOM, and (ii) refined silver equal to 49.22% of payable silver produced from the mine until ~1.03Moz Ag have been delivered and 19.69% of payable silver thereafter for the remaining LOM. OBL shall pay a fixed $400 and $4.00 for each ounce of refined gold and refined silver delivered, respectively. Deliveries under the gold and silver stream shall commence upon repayment of a new third-party $150 million construction loan (expected ~4 years from the restart of construction) (the "Delivery Start Date").

Gold and silver production attributable to OBL under the Stream Agreement prior to the Delivery Start Date shall be accrued and delivered in equal quantities over the 20 quarters following the Delivery Start Date. The previous stream cap, buy-back options in favour of the operator, and purchase price inflation adjustment have been eliminated. The existing unsecured gold offtake agreement has also been terminated. The amended gold and silver stream is secured against the assets of the Amulsar mine. Based on current estimates provided by United Gold, Amulsar is expected to produce approximately 168koz Au and 140koz Ag per annum over an initial 16-year mine life.

Additionally, pursuant to the Credit Agreement, United will pay to OBL approximately $26.5 million plus accrued interest. Interest shall accrue at a fixed rate of 8% per annum. Payments under the Credit Agreement shall commence on the Delivery Start Date. The Credit Facility is secured against the assets of the Amulsar mine, pari passu with the Stream Agreement.

Upper Beaver (operated by Agnico Eagle Mines Ltd.)

In late April 2025, Agnico Eagle Mines Ltd. ("Agnico Eagle") provided an update on its 100%-owned Upper Beaver project ("Upper Beaver") located in the Kirkland Lake camp of northeastern Ontario; a camp which also includes the Upper Canada and Anoki-McBean deposits. In June 2024, Agnico Eagle completed a positive internal evaluation for a standalone mine and mill scenario at Upper Beaver, with the project having the potential to produce an annual average of approximately 210koz Au and 3,600 tonnes of copper over a 13-year LOM starting in 2031. In addition, Agnico Eagle believes that a standalone mine and mill at Upper Beaver could have the potential to unlock significant development potential at depth and within satellite deposits, including the Upper Canada and Anoki-McBean exploration projects. In July 2024, Agnico Eagle approved a $200 million investment over approximately three years to further de-risk the project, with work that will include developing an exploration ramp and an exploration shaft to depths of 160 metres and 760 metres, respectively, to establish underground drilling platforms and to collect bulk samples.

In the second half of 2024 the shaft collar was excavated, the foundation for the headframe was completed and the power line was commissioned and energized. In the first quarter of 2025, installation of the structural steel for the exploration shaft head frame commenced. At the hoist room, the steel structure and cladding were completed during the quarter. Sinking of the exploration shaft is expected to commence in the fourth quarter of 2025. Excavation of the box cut for the ramp portal was completed during the first quarter of 2025 and excavation of the exploration ramp is expected to commence in the fourth quarter of 2025.

Agnico Eagle is also advancing permitting and conducting several studies for the preparation of the impact assessment at Upper Beaver. Agnico Eagle expects to submit an impact assessment in late 2025.

OR Royalties owns a 2.0% NSR royalty on the Upper Beaver project, as well as a 2% NSR royalty that covers most of Agnico Eagle's Kirkland Lake regional properties, including Amalgamated Kirkland, Anoki-McBean, Bidgood, and Upper Canada.

Ermitaño (operated by First Majestic Silver Corp.)

In 2024, First Majestic Silver Corp. ("First Majestic") announced the discovery of the Navidad vein system, a new significant, vein-hosted gold and silver mineralized system adjacent to its currently producing Ermitaño mine. The drilling completed during the second half of 2024 significantly expanded the gold and silver mineralization discovered at the Navidad target. During 2025, additional drilling from surface is planned to continue testing the potential expansion of Navidad, which remains open in multiple directions. Expansionary and infill resource definition drilling will also take place from multiple new underground drilling stations constructed from the Ermitaño mine. Five drill rigs are currently active at Navidad.

In late March 2025, First Majestic announced its 2024 Mineral Reserve and Mineral Resource Estimates for the Ermitaño deposit. As part of the update, First Majestic announced an initial Inferred Mineral Resource at Navidad, consisting of 2.3Mt grading 81 grams per tonne silver ("g/t Ag") and 3.42 g/t Au, and containing 5.9Moz Ag and 249koz Au. To date, only a portion of the newly delineated vein system has been classified within the Inferred Mineral Resource Estimate, with significant upside potential to be realized by First Majestic through additional drilling.

On May 28th, 2025, First Majestic announced drill results targeting the Winter vein more than 100 meters east of prior drilling and intersected some of the highest-grade mineralization ever encountered on the Santa Elena Property: 6.8 meters grading 14.8 g/t Au and 642 g/t Ag. Five additional significant intersections were cut further downhole including that of the Navidad vein. Resource conversion drilling confirms the continuity of precious metal mineralization and, in general, returned significantly higher gold and silver grades than estimated from prior drilling.

Independent third-party metallurgical testing of Navidad and Winter mineralization under current mineral processing parameters for the Santa Elena processing plant was completed during the fall of 2024. The testing revealed exceptional gold and silver recovery rates with gold recoveries consistently exceeding 90% and silver recoveries exceeding 85%. The results firmly establish that Navidad's mineralization is compatible with the existing processing infrastructure at First Majestic's Santa Elena operation.

OR Royalties' 2.0% NSR royalty on Ermitaño includes Navidad, the Cumobabi property, as well as the Luna Zone.

Wharekirauponga (Operated by OceanaGold Corporation)

In early March 2025, OceanaGold Corporation ("OceanaGold") announced a significant milestone in that it had lodged its application for the grant of Fast-track approvals for the Waihi North Project ("WNP"), which includes Wharekirauponga Underground ("WUG"), under New Zealand's Fast-track Approvals Act 2024 (the "Act"). OceanaGold expects WNP to be fully-permitted (subject to any appeals) under the Act by the end of 2025. This timetable would allow OceanaGold to commence decline and underground development work for the proposed WUG mine in 2026. In 2025, $40-45 million of early works not requiring Fast-track approvals have been planned.

In addition, OceanaGold also announced drill results from WUG which continued to demonstrate the continuity and upside potential beyond the 1.2 Moz of Mineral Reserves declared within OceanaGold's WNP Prefeasibility Study ('PFS"), released in December 2024. The Mineral Reserve Estimate for WUG includes Probable Reserves of 4.1 Mt grading 9.2 g/t Au, containing 1.2Moz Au. MUG is expected to be the primary ore source until 2033, when mining transitions to WUG

OR Royalties owns a 2.0% NSR royalty on the Waihi West and WUG. Prior to the full-scale development of WUG, a small amount of ore from the currently operating MUG mine is expected to be sourced from within the Waihi West royalty boundary.