OR Royalties Reports Q3 2026 Revenue Growth Driven by Higher Precious Metal Prices
OR Royalties reported strong third-quarter 2026 financial results, with revenue rising 26% year-over-year to $90.2 million. This growth was primarily driven by significant increases in realized precious metal prices, including gold reaching $4,304 per ounce and silver at $64.47 per ounce. Adjusted net earnings rose 29% to $53.9 million ($0.29 per share), supported by a high cash margin of 96.8% due to the company's low-cost royalty structure. The company successfully expanded its producing portfolio with first gold pours from the Cuiú Cuiú mine in Brazil and the Amulsar mine. While management reaffirmed full-year 2026 guidance of 80,000 to 90,000 Gold Equivalent Ounces (GEOs), they noted a negative impact of 3,000 to 4,000 GEOs due to remediation efforts at the Canadian Malartic mine's Barnat pit. Looking ahead, OR Royalties maintains a strong liquidity position of approximately $1 billion.
Topics: gold prices guidance revenue growth share buybacks silver prices