1. Dalgaranga set to be OR's 23rd producing asset, boosting confidence. 2. Cascabel's potential acquisition may enhance OR's cash flow. 3. Marimaca MOD advances towards construction readiness, benefiting OR's royalty. 4. Strong exploration results at Glenburgh increase OR's asset value. 5. Share repurchase demonstrates OR's belief in undervalued stock.
FAQ
Why Bullish?
Positive updates on multiple assets suggest growth potential is not reflected in current share price.
How important is it?
Recent updates highlight growth potential from various established and developing projects, likely increasing investor interest.
Why Short Term?
Upcoming production and developments from growth assets could quickly impact revenues and share value.
OR Royalties Inc. Provides Year-End Asset Updates and Share Repurchase Announcement
MONTRÉAL, Dec. 16, 2025 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“OR Royalties” or the “Company”) (OR: TSX & NYSE) is pleased to announce significant updates regarding its portfolio of assets and a strategic share repurchase initiative. This report outlines crucial developments across several assets, highlighting the Company’s continued commitment to enhancing shareholder value.
Key Highlights of the Year-End Update
Jason Attew, President & CEO of OR Royalties remarked, “Today’s year-end update highlights the continued momentum across our portfolio. Positive advancements at Dalgaranga, soon to become our 23rd producing asset, alongside developments at Cascabel, Marimaca MOD, and Spring Valley, have further strengthened our confidence in their respective development, construction, and production timelines over the near to medium term.”
- Dalgaranga is on track to commence production, contributing to OR Royalties' growth.
- The Company repurchased 920,632 common shares at an average price of C$47.63, totaling C$43.9 million.
- Exploration successes at TDG Gold’s AuWEST Project and Benz Mining’s Glenburgh Gold Project enhance asset value.
Dalgaranga Developments
Dalgaranga, operated by Ramelius Resources Ltd., is set to become a significant contributor to OR Royalties. On October 28, 2025, Ramelius announced the results of its Never Never Pre-Feasibility Study (PFS) and the Mt Magnet-Dalgaranga Integration Study:
- Maiden Probable Ore Reserve of 7.0Mt at 7.3g/t Au (1.6Moz).
- Projected production of 1.8Moz Au at an all-in sustaining cost of A$1,128/oz over an 11-year mine life.
- First gold production expected in the second half of FY26, ramping up to over 250koz Au annually by FY30.
OR Royalties holds a 1.44% gross revenue royalty (GRR) on Dalgaranga.
Cascabel Acquisition Update
On December 12, 2025, SolGold plc announced a revised cash offer from Jiangxi Copper Company Limited (JCC) for SolGold's shares. This offer values SolGold's total equity at approximately £842 million (or $1.1 billion). JCC currently holds 12.2% of SolGold's issued share capital and has secured significant support from other major shareholders.
OR Royalties owns a 0.6% net smelter return (NSR) royalty over the Cascabel property, which spans approximately 4,979 hectares. Starting in 2030, the Company will receive minimum annual payments of $4.0 million under the NSR until 2039.
Marimaca Oxide Project Update
Marimaca Copper Corp. announced on November 11, 2025, that its subsidiary has received the formal Resolución de Calificación Ambiental (RCA) for its Marimaca Oxide Project (MOD) in Chile. This approval is pivotal in advancing the project's timeline and underscores the Company’s commitment to sustainable development and environmental compliance.
Conclusion and Outlook
As OR Royalties continues to demonstrate growth across its asset portfolio, confidence in its Geo-growth potential strengthens. Despite these advancements, the Company believes the current share price does not fully reflect the underlying value, prompting ongoing activity under its Normal Course Issuer Bid (NCIB). Investors and stakeholders are encouraged to remain informed about further developments.