Business
Select Asset Updates and C$43.9 Million of Recent Share Repurchases Under the Normal Course Issuer Bid
MONTRÉAL, Dec. 16, 2025 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“ OR Royalties &#x...
About this update from Or Royalties Inc.
[{"type":"text","content":"Select Asset Updates and C$43.9 Million of Recent Share Repurchases Under the Normal Course Issuer Bid\n\n\n\n MONTRÉAL, Dec. 16, 2025 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“\n \n OR Royalties\n \n ” or the “\n \n Company\n \n ”) (OR: TSX & NYSE) is pleased to provide the following select asset updates. Amounts presented are in United States dollars, except where otherwise noted.\n \n\n Jason Attew, President & CEO of OR Royalties commented: “Today’s year-end update highlights the continued momentum across our portfolio. Positive advancements at Dalgaranga – soon to become our 23\n \n rd\n \n producing asset – along with 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. Meanwhile, Gold Fields’ recent Capital Markets Day provided additional clarity and confidence regarding Windfall’s development timeline.\n \n\n In addition, encouraging exploration results at TDG Gold’s AuWEST Project in British Columbia and Benz Mining’s high-grade Glenburgh Gold Project in Western Australia underscore the significant value embedded within our advanced exploration assets.\n \n\n While OR Royalties’ confidence in our GEO growth profile continues to build, we believe that much of the value outlined in today’s update is not currently reflected in our share price. Accordingly, we have remained active under our NCIB, having repurchased 920,632 common shares year-to-date at an average price of C$47.63 for a total purchase cost of C$43.9 million.”\n \n\n\n\n Dalgaranga (operated by Ramelius Resources Ltd.)\n \n\n\n\n On October 28, 2025, Ramelius Resources Ltd. (“Ramelius”) announced the results of its Never Never Pre-Feasibility Study (“PFS”) and the Mt Magnet-Dalgaranga Integration Study. Highlights included:\n \n\n\n Maiden Probable Ore Reserve of 7.0Mt at 7.3g/t Au for 1.6Moz at the Never Never underground deposit (including Pepper);\n \n\n 1.8Moz Au planned production at an all-in-sustaining-cost of A$1,128/oz over an 11-year life-of-mine; and,\n \n\n First gold production in Ramelius’ second half of its financial year 2026 (“FY26”) (ie. first ...