OR Royalties Acquires Additional 1.0% NSR Royalty on the Namdini Gold Mine in Ghana

Core Viewpoint - OR Royalties Inc. has acquired an additional 1.0% net smelter return royalty on the Namdini Gold Mine in Ghana, demonstrating confidence in the asset and the company's ability to secure valuable royalty transactions [1][2]. Transaction Highlights - The acquisition includes a total consideration of up to $103.5 million for Savannah Mining Limited's remaining 50% interest in the 2.0% NSR royalty [1]. - The payment structure consists of an initial payment of $28.5 million, with an additional $70.0 million contingent on certain milestones, and the remaining $5.0 million payable in two equal installments on the first and second anniversaries of the closing date [4]. - The first payment under the full 2.0% NSR royalty rate is expected in Q1 2026, reflecting the mine's gold production during Q4 2025 [4]. Namdini Gold Mine Overview - Gold production at Namdini commenced in the first half of 2025, with a ramp-up towards peak production of approximately 360,000 ounces per year over the first three years [4]. - The mine is expected to average 287,000 ounces of gold per year over an initial 15-year life of mine [4][6]. - The mine is operated by Shandong Gold Co Ltd. through its subsidiary Cardinal Namdini Mining Limited, which has a strong operational history and a market capitalization of approximately HK$297.3 billion ($38.1 billion) [4][5]. Strategic Importance - Ghana is recognized as a top gold mining jurisdiction, ranking 6th globally and 1st in Africa for gold production in 2024 [2]. - The acquisition reflects OR Royalties' strategy to enhance its portfolio of producing royalties and leverage its network of industry partners [2].