OrbitonOpen research workspace →
OR Royalties Inc. logo

OR Royalties Inc.

TSX:ORLive AI agent

OR Royalties Inc.

Investor website: https://orroyalties.com/

About

OR Royalties Inc. is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. OR Royalties Inc. holds a North American focused portfolio of over 195 royalties, streams and precious metal offtakes. OR Royalties Inc.’s portfolio is anchored by its cornerstone asset, a 3-5% net smelter return royalty on the Canadian Malartic Complex, one of Canada’s largest gold mines. OR Royalties Inc.’s head office is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2.

Verified company data

Cash position
$175.2 million
Shares outstanding
187.3 M
Mineral resource
Proven and Probable reserves of 2,300 kt Cu (1,220 Mt @ 0.19% Cu), 259 kt Mo (1,220 Mt @ 0.021% Mo), 10,290 koz Au (1,430 Mt @ 0.22 g/t Au), 78.0 Moz Ag (1,430 Mt @ 1.70 g/t Ag). Measured and indicated resources (exclusive of reserves) of 1,070 kt Cu (1,040 Mt @ 0.10% Cu), 99.3 kt Mo (1,040 Mt @ 0.0096% Mo), 4,490 koz Au (1,060 Mt @ 0.13 g/t Au), 39.0 Moz Ag (1,064 Mt @ 1.15 g/t Ag). Inferred resources of 1,370 kt Cu (1,370 Mt @ 0.10% Cu), 130 kt Mo (1,220 Mt @ 0.19% Mo), 6,320 koz Au (1,410 Mt @ 0.14 g/t Au), 52.3 koz Ag (1,410 Mt @ 1.15 g/t Ag).
Projects
["# Namdini (Au)\n\n| | |\n| --- | --- |\n| **Royalty and Terms:** | 1% NSR royalty |\n| **Operator:** | Shandong Gold Co Ltd. |\n| **Commodity:** | Gold |\n| **Location:** | Ghana |\n| **Reserves and Resources:** | - Proven and probable reserves of 5,380 koz Au (158 Mt @ 1.06 g/t Au)<br>- Measured and indicated resources (exclusive of reserves) of 1,380 koz Au (46.2 Mt @ 0.93 g/t Au)<br>- Inferred resources of 470 koz Au (14.2 Mt @ 1.03 g/t Au) |\n| **Production:** | - (LOM Avg.) 287 koz Au – First royalty payment received in Q2 2025 |\n\n#### **More details in the 2025 Asset Handbook![](https://orroyalties.com/app/uploads/2025/05/AH2025.jpg)**\n\n[Namdini, page 54](https://orroyalties.com/app/uploads/2025/05/Asset_Handbook_2025_OR-ROYALTIES_web_FINAL.pdf#page=56)\n\nSource: Company disclosure and Osisko management estimates.","# Canadian Malartic (Au)\n\n| | |\n| --- | --- |\n| **Royalty and Terms:** | 5% NSR royalty on the open-pit at Canadian Malartic, and a $0.40/tonne royalty on any ore sourced from<br>outside the royalty boundaries processed through the Canadian Malartic mill. |\n| **Operator:** | Visit [Agnico Eagle](https://www.agnicoeagle.com/Home/default.aspx) for more information |\n| **Commodities:** | Gold, Silver |\n| **Location:** | Québec, Canada |\n| **Reserves and Resources:** | - Proven and probable reserves of 1,940 koz Au (74,9 Mt @ 0.81 g/t Au)<br>- Inferred resources of 129 koz Au (5.6 Mt @ 0.72 g/t Au) |\n| **Production:** | - 2022: 659 koz Au<br>- 2023: 685 koz Au<br>- 2024: 656 koz Au<br>- 2025e: 590 koz Au |\n\n#### **More details in the 2025 Asset Handbook![](https://orroyalties.com/app/uploads/2025/05/AH2025.jpg)**\n\n[Canadian Malartic, page 16](https://orroyalties.com/app/uploads/2025/05/Asset_Handbook_2025_OR-ROYALTIES_web_FINAL.pdf#page=18)\n\nSource: Company disclosure and Osisko management estimates.\n\n#### **Royalty Map\n***\n![](https://orroyalties.com/app/uploads/2024/10/CM_Odyssey.jpg)\n\n\\*Royalty and stream maps are provided for illustrative purposes only and shall not be deemed conclusive with respect to the relevant royalty or stream area."]
Leadership
Jason Attew (President, Chief Executive Officer and Director, A mining industry veteran with over 25 years of experience, previously served as CEO of Liberty Gold Corp and Gold Standard Ventures Corp, and CFO at Goldcorp Inc.), Frédéric Ruel (Chief Financial Officer and Vice President, Finance, Over 25 years of experience in financial reporting, involved in the mining industry for over 15 years.), Guy Desharnais (Vice President, Project Evaluation, Joined OR Royalties in 2017, holds a Ph.D. in geochemistry and has extensive experience in exploration geology.), Iain Farmer (Vice President, Corporate Development, Over a decade in the mining industry, previously Director of Evaluations for OR Royalties.), André Le Bel (Vice President, Legal Affairs and Corporate Secretary, Responsible for legal aspects of mining investments, has extensive experience in legal affairs in the mining sector.), Grant Moenting (Vice President, Capital Markets, Over 20 years of experience in mining and capital markets, previously at Scotiabank GBM.), Heather Taylor (Vice President, Sustainability and Communications, Over 15 years of capital markets experience, leads OR Royalties’ ESG Strategy.), Michael Spencer (President, OR Royalties International Ltd., Over 10 years of experience in business development and corporate finance in the mining industry.), Brendan Pidcock (Vice President, Technical Services, OR Royalties International Ltd., Over 25 years of experience in mining operations and technical services.)

Verified data last updated:

Recent filings

Investor FAQ