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OR Royalties Inc.
OR Royalties buys the right to a slice of the gold and other metals that mines produce, collecting cash from miners without doing the digging itself.
OR Royalties owns pieces of paper that entitle it to a share of the metal that comes out of other companies' mines. It doesn't run mines, hire miners, or swing a shovel. Instead, it signs deals where it hands a miner cash up front, and in return the miner promises to send it a small slice of future production — either a percentage of the gold or silver that flows out of the ground, or a stream where it buys the metal at a big discount to the market price and resells it at full price.
The appeal for miners is simple: they get money without taking on debt or selling shares. The appeal for OR Royalties is that it avoids the brutal costs and risks of actually operating a mine — no diesel bills, no breakdowns, no labor disputes. If a mine produces more metal, OR Royalties earns more, but its costs barely budge. That's why these royalty businesses tend to throw off lots of cash. It is a Canadian company based in Montreal, formed from the old Osisko Gold Royalties business after it rebranded. Its portfolio spans operating mines and development projects in Canada and around the world, tied to metals like gold, silver, copper, and nickel. The big risk is concentration and counterparty trouble: if a key mine stalls, floods, or gets shut by regulators, the cash can slow to a trickle, and the company's fortunes ride on commodity prices it cannot control.
The cash it collects mostly goes back out the door — OR Royalties pays a dividend and has bought back shares, while also spending on new royalty deals to keep growing. It is a bet on other people finding and producing metals, with OR Royalties collecting a toll on every ounce that comes up.
Saved answer · last researched 12 Nov 2026