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OR Royalties Announces Preliminary Q1 2026 GEO Deliveries and C$17.7 Million of Share Repurchases Under the Normal Course Issuer Bid 
MONTRÉAL, April 08, 2026 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“ OR Royalties ȁ...
About this update from Or Royalties Inc.
[{"type":"text","content":"OR Royalties Announces Preliminary Q1 2026 GEO Deliveries and C$17.7 Million of Share Repurchases Under the Normal Course Issuer Bid \nMONTRÉAL, April 08, 2026 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“OR Royalties” or the “Company”) (OR: TSX & NYSE) is pleased to announce its first quarter 2026 preliminary deliveries, revenues and cash margin, as well as to provide an update on its cash and debt positions as at March 31st, 2026. All monetary amounts included in this report are expressed in United States dollars, unless otherwise noted. PRELIMINARY Q1 2026 RESULTS OR Royalties earned 22,740 attributable gold equivalent ounces1 (“GEOs”) in the first quarter of 2026. OR Royalties recorded preliminary revenues from royalties and streams of $102.8 million during the first quarter, a quarterly record, and preliminary cost of sales (excluding depletion) of $3.3 million, resulting in a quarterly cash margin2 of approximately $99.5 million (96.8%). As at March 31st, 2026, OR Royalties’ cash position was approximately $94.9 million, after repurchases of common shares made under the normal course issuer bid of $12.9 million (C$17.7 million) during the first quarter, and also following the end-of-March closing of the additional Namdini 1.0% net smelter return royalty transaction, originally announced in January 2026, which was funded using available cash on the balance sheet. Furthermore, in February 2026, OR Royalties International Ltd. (“ORI”), a wholly-owned subsidiary of the Company, was notified that SolGold plc and Jiangxi Copper Company Limited were exercising their option to buy back 50% of the Cascabel gold stream. As a result, ORI received 4,290 ounces of gold (subject to a transfer price of 20%) as a one-time payment for the 50% buyback of the Cascabel stream, representing a net value of approximately $17.5 million on the delivery date. OR Royalties’ revolving credit facility of $650.0 million (plus the uncommitted accordion of $200.0 million) was undrawn as at the end of the first quarter. The recently announced transactions to acquire a portfolio of royalty assets from Gold Fields Limited, as well as a basket of royalties covering Spring Valley from Sailfish Royalty Corp., are both expected to close early in the second quarter of 2026. Q1 2026 RE...