Understand any stock in simple English
Enter a ticker to learn what the company does and how it makes money.
It owns the right to a slice of gold and other metals mined by other companies and collects cash without doing the digging.
Or Royalties Inc. is a company that doesn't dig for gold. Instead, it hands money to miners up front and, in exchange, gets the right to buy gold, silver, and other metals later at a big discount, or to simply collect a cut of whatever the mine produces. That cut is called a royalty or a stream. The miners do all the hard, dirty, expensive work — blasting rock, running mills, dealing with unions and governments — while Or Royalties mostly sits back and collects checks. Its customers are the mining companies themselves, and its real product is cash flow.
Think of it as buying a toll booth on a highway someone else built and maintains. You didn't pour the concrete or fix the potholes, but every car that passes drops money in your basket. The beauty of this model is that Or Royalties' costs are tiny and fixed. Once it signs a deal, its profit rises almost automatically when the price of gold goes up, because its purchase price for the metal stays locked in. It started life as a spin-off from a Canadian gold miner and has grown by steadily buying up new royalties and streams. In 2024 it rebranded from Osisko Gold Royalties to Or Royalties, sharpening its identity as a pure-play precious metals royalty company.
The company uses its cash in a few simple ways. It reinvests in new royalty deals, pays shareholders a dividend, and buys back its own stock when the price looks cheap. Its assets are spread across mines in Canada, the United States, and other safe mining regions, with gold making up the vast majority of its revenue. Because it doesn't operate mines, it avoids the brutal cost inflation and construction blowups that plague real miners. That's the whole pitch: less risk, less hassle, and a direct share of the gold.
Saved answer · last researched 11 Oct 2026