OR Royalties Inc. (OR) Financings
TSX: OR · Gold, Silver · Royalty/Streaming stage
- Market cap$9.37B
- Share price$50.26
- 52-week range$38.58 – $65.54
- Shares outstanding186,375,632
- ExchangeTSX
- Websitewww.orroyalties.com
OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions defined as Canada, the United States, and Australia. OR Royalties commenced activities in June 2014 with a single producing asset, and today holds a portfolio of over 200 royalties, streams and similar interests. OR Royalties' portfolio is anchored by its cornerstone asset, the 3-5% net smelter return royalty on Agnico Eagle Mines Ltd.'s Canadian Malartic Complex, one of the world's largest gold mines.
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OR Royalties Inc. financial statements
Key figures read from 42 of 44 financial statement filings, Nov 9, 2016 to Sep 24, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Jan 2023 | Dec 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$142,131 | US$59,096 | C$67,721 | US$66,853 | C$90,548 |
| Short-term investments | — | US$0 | C$8,200 | US$0 | — |
| Total current assets | US$147,684* | US$63,814* | C$84,045* | US$77,373* | C$104,794* |
| Total current liabilities | US$32,632 | US$14,616 | C$20,452 | US$13,193 | C$17,867 |
| Working capital | US$115,052 | US$49,198 | C$63,593 | US$64,180 | C$86,927 |
| Exploration and evaluation assets | — | — | — | — | C$0 |
| Property, plant and equipment | — | — | — | — | C$6,947 |
| Total assets | US$1,566,479 | US$1,377,634 | C$1,965,987 | US$1,473,890 | C$1,996,301 |
| Debt | US$0 | US$93,900 | C$191,879 | US$109,231 | C$147,950 |
| Total liabilities | US$134,438 | US$188,681 | C$315,489 | US$191,289 | C$259,090 |
| Shareholders' equity | US$1,432,041 | US$1,188,953 | C$1,650,498 | US$1,282,601 | C$1,737,211 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | US$277,370 | US$191,157 | C$247,320 | C$217,809 | — |
| Cost of sales | (US$9,115) | (US$6,738) | (C$16,646) | (C$16,076) | (C$37,646) |
| Exploration and evaluation expense | — | — | — | — | (C$1,197) |
| General and administrative | (US$20,932) | (US$18,298) | (C$32,829) | (C$20,216) | (C$41,265) |
| Impairments and write-downs | (US$5,495) | (US$49,558) | (C$47,619) | (C$1,818) | (C$2,288) |
| Net income (loss) | US$206,088 | US$16,267 | C$0 | C$85,285 | (C$56,675) |
Cash flow statement: annual key figures
in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | FY Dec 2020 | |
|---|---|---|---|---|---|
| Operating cash flow | US$159,925 | C$187,027 | C$109,947 | C$106,095 | C$107,978 |
| Investing cash flow | (US$75,642) | (C$219,836) | (C$381,861) | (C$272,038) | (C$223,099) |
| Financing cash flow | (US$74,868) | C$14,310 | C$219,237 | (C$19,601) | C$316,861 |
| Exploration spending (capitalized) | — | — | — | (C$3,175) | (C$202) |
| Property, plant and equipment spending | — | — | — | (C$185,297) | (C$71,828) |
| Proceeds from share issues | (US$428) | C$0 | (C$22,135) | (C$30,791) | C$81,067 |
| Change in cash | US$7,892 | (C$22,827) | (C$25,150) | (C$186,826) | C$194,301 |
No financings are on record for OR Royalties Inc. yet.