OR Royalties (formerly Osisko Gold Royalties) acquires and manages precious-metal royalties and streams rather than operating mines. Its cornerstone asset is a net smelter return royalty on the Canadian Malartic complex, one of Canada’s largest gold mines, complemented by a broader portfolio of royalties and streams. Cash flow is tied to production and metal prices at third-party mines, with limited direct operating cost exposure.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 60.4 | — | 32.4 | 33.9% |
| Q3 2025 | 71.6 | — | 82.8 | 303.7% |
| Q4 2025 | 90.5 | — | 65.3 | 118.5% |
| Q1 2026 | 102.8 | — | 73.6 | 146.1% |
| Q2 2026 | 97.8 | 62% | 61.4 | 89.7% |
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