OR Royalties reports preliminary Q4 2025 GEO deliveries and record 2025 revenues

OR Royalties reported 80,775 gold equivalent ounces for 2025, meeting its GEO delivery guidance, and announced record preliminary revenues of $277.4 million for the year.

OR Royalties provided preliminary fourth quarter and full year 2025 figures and an update on its cash and debt positions. The company reported 21,735 gold equivalent ounces (GEOs) in Q4 2025 and a total of 80,775 GEOs for the year, within its guidance range. It recorded record preliminary revenues from royalties and streams for 2025 and presented preliminary cash margin measures. The company also reported its cash balance, repayment activity under its credit facility, and share repurchases. Key figures: - Q4 2025 GEOs: 21,735; full year 2025 GEOs: 80,775, within the guidance range of 80,000–88,000 GEOs. - Preliminary Q4 revenues from royalties and streams: $90.5 million; preliminary Q4 cost of sales (excluding depletion): $2.6 million; quarterly cash margin approximately $87.9 million (97.2%). - Preliminary full year revenues from royalties and streams: $277.4 million; preliminary full year cost of sales (excluding depletion): $9.1 million; annual cash margin approximately $268.3 million (96.7%). - Cash and balance sheet items as at December 31, 2025: cash approximately $142.1 million after full repayment of the outstanding amount under the revolving credit facility and a net repayment of $94.9 million; the revolving credit facility was undrawn with $650.0 million available plus an uncommitted accordion of up to $200.0 million. - Share repurchases: repurchases of common shares made under the normal course issuer bid amounted to US$36.7 million (C$50.8 million) in 2025. Summary: The article reports preliminary operational and financial results for 2025, including GEO deliveries, record revenues and a stated cash position. These figures are preliminary and subject to year-end adjustments. Undetermined at this time.