OR Royalties Inc. (TSX & NYSE: OR) has released its preliminary third-quarter 2026 operating and financial results, reporting 20,237 gold equivalent ounces (GEOs) earned during the period ended September 30, 2026. The company recorded preliminary revenues of US$90.2 million and a cash margin of approximately US$87.3 million, equivalent to 96.8% of revenues. Investors may be watching these figures closely as they reflect performance against a backdrop of significantly higher average gold prices compared to the same period in 2025.

Key Points

  • OR Royalties Inc. (TSX & NYSE: OR) is a Montréal-based precious metals royalty and streaming company with a portfolio of more than 200 royalties, streams, and similar interests.
  • The company earned 20,237 GEOs in Q3 2026, generating preliminary revenues of US$90.2 million and a cash margin of approximately US$87.3 million (96.8%).
  • Cash on hand stood at approximately US$76.7 million at September 30, 2026, after US$29.1 million in share buybacks; the La Verde royalty transaction with Hot Chili Limited closed for US$15.0 million during the quarter.
  • Full Q3 2026 results are scheduled for release after market close on November 11, 2026, followed by an earnings conference call on November 12, 2026.

OR Royalties Q3 2026 GEO Deliveries and Revenue Performance

OR Royalties earned 20,237 GEOs in the third quarter of 2026, with preliminary revenues from royalties and streams reaching US$90.2 million. Preliminary cost of sales, excluding depletion, totalled US$2.9 million, resulting in a cash margin of approximately US$87.3 million, or 96.8% of revenues. This compares to revenues of US$71.6 million and a cash margin of US$69.3 million (96.7%) in Q3 2025, reflecting meaningfully higher average gold and silver prices year-over-year. The average LBMA gold price rose to US$4,262 per ounce in Q3 2026 from US$3,457 per ounce in Q3 2025.

Balance Sheet Position and La Verde Royalty Acquisition

At September 30, 2026, OR Royalties held approximately US$76.7 million in cash. The company completed US$29.1 million (CA$40.8 million) in normal-course issuer bid share repurchases during the quarter and closed the La Verde royalty transaction with Hot Chili Limited for total consideration of US$15.0 million, funded from available cash. The revolving credit facility carried a drawn balance of US$228.2 million at quarter-end, leaving US$621.8 million of available capacity, with an additional uncommitted accordion tranche of up to US$350.0 million.

Preliminary Nature of Q3 2026 Figures and Upcoming Full Results

OR Royalties cautions that all figures disclosed in this announcement — including cash balances, debt levels, revenues, and cost of sales — are unaudited and subject to end-of-quarter adjustments that could differ materially from the preliminary data. The company has not yet completed its quarter-end closing procedures. Full audited third-quarter 2026 financial results are scheduled for release after market close on Wednesday, November 11, 2026, with a management conference call planned for Thursday, November 12, 2026, at 10:00 a.m. Eastern Time.