Redevances OR Inc. (TSX and NYSE: OR) has released a sweeping portfolio update highlighting first gold production at the Cuiú Cuiú mine in Brazil on 10 September 2026, with commercial production ramp-up targeted for the fourth quarter of 2026. The company also reported that first gold at the Amulsar project in Armenia is imminent, with commercial production on track for the first half of 2027. The announcement spans production, development, and exploration assets across multiple jurisdictions, offering investors a broad view of near-term revenue catalysts across OR's portfolio of more than 200 royalties and streams.

Key Points

  • Redevances OR Inc. (TSX and NYSE: OR) — Canadian precious metals royalty and streaming company headquartered in Montréal
  • First gold poured at Cuiú Cuiú on 10 September 2026; first gold at Amulsar described as imminent
  • OR holds a 1.0% NSR royalty on Cuiú Cuiú; gold and silver streams on Amulsar with first stream payments expected late 2027 or first half of 2028
  • Investors may be watching construction decisions at Cariboo, permitting progress at Windfall, and the Bralorne preliminary economic assessment released 21 September 2026

Cuiú Cuiú and Amulsar Mark OR's Newest Royalty Revenue Sources

The release states that Cabral Gold Inc. achieved first gold production at Cuiú Cuiú in Brazil on 10 September 2026, supported by a C$45 million strategic placement from Alpayana S.A.C. intended to accelerate Phase 1 oxide mine development and Phase 2 hard-rock work. OR holds a 1.0% net smelter return royalty on the project. At Amulsar, operated by United Gold, first gold is described as imminent. OR's subsidiary ORI holds gold and silver streams: 3.34% of payable gold until roughly 82.3 thousand ounces are delivered, and 49.22% of payable silver until approximately 1.03 million ounces are delivered, with first stream payments anticipated late 2027 or the first half of 2028.

Cariboo Construction Approved While Hermosa and South Railroad Clear Federal Permitting

Osisko Gold Group Inc. formally approved construction of the Cariboo Gold Project on 14 September 2026, with first gold targeted for the first quarter of 2029 and commercial production in the second half of 2029. OR holds a 5.0% NSR royalty on Cariboo. At Hermosa in Arizona, the US Forest Service issued a final record of decision completing the NEPA process, with Taylor deposit first production expected in the first half of 2028. In Nevada, the Bureau of Land Management issued a favourable record of decision for South Railroad, with preliminary construction now under way and first production also targeted for the first half of 2028, where ORI holds a 100% silver stream.

Bralorne PEA and White Pine North Pre-Feasibility Add Development Milestones

Talisker Resources Ltd. published a preliminary economic assessment for Bralorne on 21 September 2026, projecting a four-year ramp-up from approximately 350 tonnes per day to 1,500 tonnes per day at plant commissioning, scaling to a maximum of 2,875 tonnes per day and average annual gold production of 110,000 ounces from 2031. OR holds a 1.7% NSR royalty on Bralorne. Separately, White Pine Copper LLC released a pre-feasibility study for White Pine North on 21 September 2026 indicating a probable mineral reserve of 137.9 million tonnes grading 1.04% copper and a 26-year mine plan. OR holds a 1.5% NSR royalty on copper production there, plus a sliding-scale silver royalty.

Japan Gold Alliance Expands OR's Royalty Position in Japan

Japan Gold Corp. announced a strategic alliance with Solidcore Resources plc on 23 September 2026, under which Solidcore committed to fund US$35 million across five initial areas of the Japan Gold portfolio. OR exercised its right to acquire an additional 0.5% royalty across all Japan Gold properties for US$3 million, increasing its existing royalty from 1.5% to 2.0%. The disclosure suggests OR continues to actively manage and build its royalty position across exploration-stage assets alongside its producing and development portfolio.