OR Royalties Announces Preliminary Q4 2025 GEO Deliveries Along With Record Annual Revenues and C$50.8 Million of Share Repurchases Under the Normal Course Issuer Bid in 2025

Core Insights - OR Royalties Inc. reported strong preliminary results for Q4 and full year 2025, achieving record revenues and cash margins [1][3][4]. Financial Performance - In Q4 2025, OR Royalties earned 21,735 gold equivalent ounces (GEOs), contributing to a total of 80,775 GEOs for the year, meeting the guidance range of 80,000-88,000 GEOs [2]. - The company recorded preliminary revenues from royalties and streams of $90.5 million in Q4 2025, with a cost of sales (excluding depletion) of $2.6 million, resulting in a cash margin of approximately $87.9 million, or 97.2% [3]. - For the full year 2025, preliminary revenues reached $277.4 million, with estimated costs of sales at $9.1 million, leading to an annual cash margin of $268.3 million, or 96.7% [4]. Cash and Debt Position - As of December 31, 2025, OR Royalties had a cash position of approximately $142.1 million, following a net repayment of $94.9 million on its revolving credit facility and share repurchases totaling $36.7 million [5]. - The company’s revolving credit facility was completely undrawn at year-end, with $650.0 million available to be drawn and an additional uncommitted accordion of up to $200.0 million [5]. Metal Prices - Average metal prices for Q4 2025 included gold at $4,135 per ounce, silver at $54.73 per ounce, and copper at $11,092 per tonne, reflecting significant increases compared to the previous year [10].