OR Royalties Reports Q2 Deliveries of 20,757 GEOs and $94.7M Cash Margin
OR•OR Royalties earned 20,757 attributable gold equivalent ounces in Q2 2026, generating $97.8 million in preliminary royalty and stream revenues with a cash margin of $94.7 million (96.8%). As of June 30, the company held $75.6 million in cash, repurchased $8.0 million of shares, and cut net debt to $139.4 million.
1. Preliminary Q2 2026 GEO Deliveries and Revenues
OR Royalties delivered 20,757 attributable gold equivalent ounces in the second quarter of 2026 and recorded $97.8 million in preliminary revenues from royalties and streams. With cost of sales (excluding depletion) at $3.1 million, the quarter yielded a cash margin of $94.7 million, representing 96.8% of revenues.
2. Cash Position and Share Buybacks
As of June 30, 2026, OR Royalties held $75.6 million in cash following $8.0 million of common share repurchases under its normal course issuer bid. This strong liquidity position supports ongoing operational and strategic initiatives.
3. Debt Profile and Credit Facility
The company’s revolving credit facility was drawn by $215.0 million, leaving $435.0 million of available capacity plus an uncommitted $200.0 million accordion. After $18.0 million of debt repayments during the quarter, OR Royalties’ net debt stood at $139.4 million.
4. Murray Brook Transaction Outlook
OR Royalties expects to close the Murray Brook precious metals stream transaction and concurrent equity investment in Q3 2026 for a total of $9.0 million, to be financed from existing cash resources.
