OR Royalties Q2 Earnings Call Highlights

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OR Royalties (NYSE:OR) reported second-quarter gross of $97.8 cardinal and operating currency travel of $83.2 million, with some measures rising 62% from a twelvemonth earlier arsenic realized golden and metallic prices accrued and gold-equivalent-ounce deliveries grew 5%.

President and CEO Jason Attew said the institution delivered 43,497 golden equivalent ounces, oregon GEOs, during the archetypal fractional of 2026, up 12% from the archetypal fractional of 2025. The institution maintained its full-year guidance for 80,000 to 90,000 GEOs and said its 2030 outlook of 120,000 to 135,000 GEOs remains unchanged.

Second-Quarter Results

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Chief Financial Officer and VP of Finance Fréd Ruel said second-quarter gross accrued from $60.4 cardinal successful the prior-year period, supported by realized prices of $4,504 per ounce of golden and $70 per ounce of silver.

Cash borderline totaled $94.7 million, oregon 96.8% of revenue, compared with $57.8 million, oregon 95.8% of revenue, a twelvemonth earlier. Royalties contributed $62.8 cardinal of gross during the quarter, portion streams contributed $35 million.

• Net net were $61.4 million, oregon $0.33 per basal share, compared with $0.17 per stock a twelvemonth earlier.

• Adjusted net totaled $60.5 million, oregon $0.32 per share, up 78% twelvemonth implicit year.

• Operating currency travel was $83.2 million, oregon $0.44 per share, compared with $0.27 per stock successful the prior-year quarter.

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Attew said the institution converted $0.968 of each gross dollar into currency borderline during the quarter.

Canadian Malartic Update

Management addressed the July 1 stone wide question on the northbound partition of the Barnat unfastened pit astatine Canadian Malartic. Attew said nary 1 was injured and that Agnico Eagle's monitoring systems had tracked the partition movement, portion mining successful the affected country had already been suspended arsenic a precaution.

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According to Attew, astir 1 cardinal tons of moved worldly volition stay successful place. Agnico is expected to walk the 3rd 4th gathering information berms and entree roads, with mining successful the affected country anticipated to resume during the 4th quarter.

Attew said astir 370,000 ounces of golden are present considered inaccessible implicit the adjacent 3 years, including 60,000 to 80,000 ounces successful the 2nd fractional of 2026 and up to astir 150,000 ounces successful each of 2027 and 2028. Applying OR Royalties' 5% involvement to those figures implies astir 3,500 less GEOs successful 2026 and up to astir 7,500 less GEOs successful each of 2027 and 2028, earlier immoderate mitigation oregon betterment enactment by Agnico.