OR Royalties Announces More Positive Developments on Select Assets

Core Insights - OR Royalties Inc. is experiencing positive momentum across its portfolio of development and exploration assets, with significant advancements in projects such as Cascabel, Cariboo, Marimaca MOD, Spring Valley, Dalgaranga, and Windfall [2][3][10][21][25][29] Cascabel Project - SolGold plc has outlined an updated execution plan for the Cascabel copper-gold project in Ecuador, with first production expected as early as 2028 [3] - The project will prioritize near-term cash flow through phased development, starting with the Tandayama-Ameríca open pit in January 2028, followed by underground ore from the Alpala Sub-Level Cave in Q4 2028 [3] - OR Royalties holds a 0.6% net smelter return (NSR) royalty over the entire Cascabel property and a 6% stream of contained gold produced until 225,000 ounces are delivered [8][9] Cariboo Project - Osisko Development Corp. secured a $450 million credit facility for the development of the Cariboo Gold Project, with an initial draw of $100 million already completed [10][11] - The project is fully permitted, with first gold production expected as early as the second half of 2027 [14] - OR Royalties owns a 5.0% NSR royalty on the Cariboo property [14] Marimaca MOD Project - Marimaca Copper Corp. announced a Definitive Feasibility Study (DFS) for the Marimaca Oxide Deposit, projecting steady-state production of approximately 49ktpa of copper cathode [15][16] - OR Royalties holds a 1% NSR royalty on Marimaca, covering all known resources [20] Spring Valley Project - The Spring Valley gold project is now fully-permitted and "shovel-ready," pending full project financing [21] - The project has received a Letter of Interest from the Export-Import Bank of the United States for potential financing of up to $835 million [22] - OR Royalties owns a 2.0% to 3.5% NSR royalty on the core of the Spring Valley deposit [24] Dalgaranga Project - Ramelius Resources Ltd. aims to become a 500koz gold producer by FY2030, with a new 5-Year Plan expected in December 2025 [25][26] - OR Royalties owns a 1.44% gross revenue royalty (GRR) on Dalgaranga [28] Windfall Project - Gold Fields Ltd. is progressing with the environmental permitting process for the Windfall gold project, with final permits expected in Q1 2026 [30][31] - OR Royalties holds a 2-3% NSR royalty on the Windfall project [31] AuWEST Project - TDG Gold Corp. reported significant drill results from the AuWEST target, with intersections of 100.0m grading 2.24 g/t Au and 0.38% Cu [36][37] - OR Royalties owns a 1.0% NSR royalty on AuWEST [38]