JUNIORMETRICS
Gold$4,479.95/oz
Silver$66.98/oz
Copper$6.00/lb

OR Royalties Inc.

OR·OR·$37.58·$6B cap
Canada Map

OR Royalties Inc. (formerly Osisko Gold Royalties Ltd., renamed 2023) holds a portfolio of royalty, stream and other interests on precious-metals projects, most notably a 3-5% net smelter return (NSR) royalty on the Canadian Malartic complex (Quebec), alongside dozens of other royalty/stream interests. Jason Attew is President and CEO (since 1 Jan 2024); Frederic Ruel is CFO and VP Finance (since Feb 2020). Not to be confused with OGG (Osisko Gold Group Inc., formerly Osisko Development Corp.) -- a separate, real, operating mine developer/constructor building the Cariboo Gold Project, sharing 'Osisko' brand lineage but a distinct company with a distinct business model.

10/10
Weak track recordStrong track record
5/10
Thin runwayWell-capitalized
9/10
High riskLow risk
How this is calculated
3.9/10
Weaker portfolioStronger portfolio
8/10
Weaker profileStronger profile
Price Chart
$30.40$32.55$46.20$36.07$37.58AugNovFebJunSep2
Aug 12, 2025Sep 4, 2026
News
$37.58
+35.8%from low-19.8%from high
$27.68$46.85
See who ↓
0.4%
Low alignmentHigh alignment
See who ↓
89.7%
Low alignmentHigh alignment
$6B
Far belowFar above
$557.1M median
$6.2B
Far belowFar above
$486M median
186.4M
Far aboveFar below
305.4M median
Price (USD - Local)
$37.58 - CAD 52.01
Cash Position (USD)
$75.6M
Far belowFar above
$92.4M median
Debt (USD)
$219.3M
Far aboveFar below
$5.7M median
Jurisdiction
Canada
$303.2M
Far belowFar above
$36.1M median
$1.63
Far belowFar above
$0.146 median
0.4%
0%100%
19.3% median
89.7%
0%100%
3% median
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
Not enough peer data yet
This company's data hasn't been researched yet
19.89x
Far aboveFar below
23.23x median
Overall Score Trend
+14.3% since 2026-08-08

Your Rankings

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Royalty & Streaming Portfolio

OR Royalties Inc. does not operate mines, so it has no technical study of its own. What it holds instead is a book of royalty and stream interests in other companies' assets -- the portfolio below. Only figures the company has actually disclosed are shown; nothing here is estimated.

Royalties
178
Streams
15
Producing assets
23
Development assets
24
Exploration assets
149
Attributable GEOs
43.5K
H1 2026 preliminary (six months) -- NOT annualized. FY2026 guidance is 80,000-90,000 GEOs but that is a guided range, not a disclosed actual, so it was not used.
Cash cost / GEO
$113.00
Portfolio-blended disclosed figure, not a spot-relative margin
Credit facility
$650M
$435M undrawn
Dividend / yield
$0.26 (0.7%)
quarterly, US$0.065/share, declared Q3 2026 (Aug 5, 2026)
Tracked interests (5)
Material/flagship assets, not the full long tail — expect this to be smaller than the portfolio counts above
AssetCommodityInterestRate / price
Canadian Malartic Complex
Sliding-scale NSR royalty (3-5%, exact current step not specified) on Agnico Eagle's Canadian Malartic Complex, Quebec, Canada. ratePct left null rather than picking an endpoint of the range.
Gold
Royalty
NSR (sliding scale, 3-5%)
Mantos Blancos
Silver stream on Capstone Copper's Mantos Blancos copper mine, Chile. 100% of payable silver until 19,300,000oz cumulative delivered, then 40% for remaining mine life -- ratePct recorded at the current (pre-threshold) step; cumulative delivered-to-date not confirmed. Operator confirmed via the findings doc naming the mine's owner at the time of research; not independently re-verified this pass.
Silver
Stream
100%
Éléonore
Royalty/stream figures for Éléonore are explicitly flagged inconsistent across sources in the findings doc and need AIF confirmation: a 2-3.5% NSR royalty component is the more confidently reported piece (used to classify this row as ROYALTY) and a possible additional 100% silver stream component is mentioned but hedged as 'possible' -- NOT written as a separate fact here given that hedge. ratePct left null since the 2-3.5% figure is a range, not a single confirmed rate. Operator recorded as Newmont based on general identity, not independently re-verified against a fresh source this pass -- lower confidence than the other rows in this batch.
Gold
Royalty
NSR, 2-3.5% (reported range)
Island Gold
Sliding-scale NSR on Alamos Gold's Island Gold mine, Ontario, Canada -- current rate 1.38%, within a disclosed 2-3% boundary for the overall sliding structure.
Gold
Royalty
NSR (sliding scale, within a 2-3% boundary)
1.38%
Côté Gold
IAMGOLD Corporation / Sumitomo Metal Mining (joint venture) · Canada
5% gold stream on the IAMGOLD/Sumitomo Côté Gold mine, Ontario, Canada.
Gold
Stream
5%
AISC
Cut-off Grade0.35 g/t Au (open pit, Reserve + Resource cutoff)

Management Team

President and Chief Executive Officer of OR Royalties Inc. since 1 Jan 2024. Over 25 years of mining industry experience. Immediately before OR Royalties, President, CEO and Director of Liberty Gold Corp. (Oct 2022-2023) and, before that, of Gold Standard Ventures Corp. (Dec 2020-Aug 2022, until its acquisition by Orla Mining). Earlier, Chief Financial Officer of Goldcorp Inc. (SVP Corporate Development and Strategy from Aug 2016, EVP & CFO from 2017), leading finance, investor relations and corporate development/strategy culminating in Goldcorp's US$32B merger with Newmont Corporation (already tracked in this DB, NEM). Began his career in investment banking with BMO Capital Markets' Global Metals and Mining Group. Currently serves on Evolution Mining's board (already tracked in this DB, EVN, an ongoing concurrent directorship not written as a separate scored role). MBA, Queen's University; BSc (Honours), University of British Columbia.

Chief Financial Officer and Vice President, Finance of OR Royalties Inc. since Feb 2020 (Vice President, Corporate Controller since 2015, an earlier internal title). Over 25 years of financial reporting experience and 15+ years in the mining industry. Before his current role, Director, Corporate Reporting for Canadian Malartic Partnership and Osisko Mining Corporation -- both self-referential to OR's own pre-2014 corporate history (Osisko Gold Royalties was created from Osisko Mining's 2014 breakup), not written as external prior-company roles -- and for Consolidated Thompson Iron Mines (a genuinely external company, unrelated to Osisko, not separately tracked in this DB, acquired by Cliffs Natural Resources in 2011). Began his career as an auditor at a premier Canadian accounting firm for 7 years. Member, Ordre des comptables professionnels agrees du Quebec; Master in Accounting, Universite de Sherbrooke.

Insiders, Investors & Smart Money

Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.

Smart money

Task #172 gate batch: smartMoneyScore rubric (playbook §7.6) applied 2026-08-15 -- GATED: marketCapUsd $6.03B >= $5.0B applicability threshold. At this size, index membership (GDX, S&P/TSX 60, Russell 1000) mechanically dominates the shareholder register, so absence of a visible specialist bet carries no information. RESEARCHED_UNKNOWN per playbook §6.4/§7.6.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents