The company holds a North American focused portfolio of over 150 royalties, streams and precious metal offtakes. OR Royalties is positioned as a mispriced growth story with a debt-free balance sheet and strong exposure to Tier-1 jurisdictions, targeting 40% organic growth in Gold Equivalent Ounces by 2029.
Cyborg Score Rationale
The company achieved record annual revenues of US$191.2 million and record operating cash flows of US$159.9 million in 2024. Strong balance sheet, diversified portfolio, and clear growth targets through 2029 support solid fundamentals in the growing precious metals market.
Top Insights
Company rebranded from Osisko Gold Royalties Ltd to OR Royalties Inc. in May 2025
Generates majority of income from North America with additional income from South America, Australia, Africa and Europe
Market capitalization is approximately $10.94B as of February 2026
Gold price strength in 2025 provided tailwinds to precious metals royalty companies
Named Competitors
Wheaton Precious Metals — Precious metals streaming and royalty company
Pan American Silver — Diversified silver and precious metals producer
Seabridge Gold — Precious metals mining exploration company
Recent Developments
(January 2025) Record 2024 annual revenues of US$191.2 million announced
(May 2025) Completed name change from Osisko Gold Royalties Ltd to OR Royalties Inc.