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OR Royalties Provides Portfolio Update: Positive Developments at Island Gold, Dalgaranga, Glenburgh, Eagle and Others; Announces Strategic Sale of Osisko Metals Position
MONTRÉAL, April 30, 2026 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“OR Royalties” or the “Company”) (OR: TSX & NYSE) is pleased to provide the following select
About this update from Or Royalties Inc.
[{"type":"text","content":" MONTRÉAL, April 30, 2026 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“OR Royalties” or the “Company”) (OR: TSX & NYSE) is pleased to provide the following select asset updates. Amounts presented are in United States dollars, except where otherwise noted. Select Asset Update Summaries (More Detailed Updates Below) Island Gold District (Alamos Gold Inc. (“Alamos”)) – Phase 3+ / Island Gold District (“IGD”) expansion(s) continue to advance, with underground throughput targeted to ramp from 1,400 tonnes per day (“tpd”) in Q1 2026 to 2,000 tpd by year-end 2026 once the underground shaft is complete, and 2,400 tpd in early 2027; updated mine plan released in February 2026 reflects a 30% larger Proven and Probable Mineral Reserve for Island Gold Underground (“Island Gold”), including a 5.1 million ounces (“Moz”) gold (“Au”) (15.0 million tonnes (“Mt”) grading 10.6 grams per tonne (“g/t”) Au). The expanded and accelerated mine plan is also anticipated to transition a greater proportion of production from OR Royalties’ current 1.38% net smelter return (“NSR”) royalty coverage to OR Royalties’ 2.0% and 3.0% NSR royalty boundaries. Dalgaranga (Ramelius Resources Ltd. (“Ramelius”)) – First ore from the high-grade Never Never deposit at Dalgaranga delivered to Mt Magnet processing plant in March 2026, approximately one month ahead of schedule, with first high-grade ore still scheduled for processing during June 2026 quarter; strong exploration results released on April 22, 2026 from Gilbey’s Underground at Dalgaranga; first royalty payment received by OR Royalties expected in early May 2026 under the Company’s 1.44% gross revenue (“GR”) royalty at Dalgaranga. Glenburgh (Benz Mining Corp. (“Benz”)) – Fully-funded 250,000 meter (“m”) drill program underway at Glenburgh across Hurricane, Icon and Thunderbolt camps; new high-grade discovery corridor announced April 9, 2026 at Hurricane, as well as the ultra-high-grade Kilkenny discovery at Mt Egerton, a potential future satellite feed source for Glenburgh; OR Royalties holds a 1.08% GR royalty on Glenburgh and Mt Egerton, with Glenburgh sitting on a granted Mining Lease allowing for the potential for an accelerated development timeline. Bralorne (Talisker Resources Ltd. (“Talisker”)) – C$52.1 million bought-deal financing closed in March 2026; 2026 diamond dril...