Overview

* OR Royalties Q3 revenue rises to $71.6 mln from $42.0 mln in Q3 2024

* Net earnings for Q3 increase to $82.8 mln, reflecting strong financial performance

* Company achieves debt-free status after repaying revolving credit facility

Outlook

* Company expects first gold production at Dalgaranga in early 2026

* OR Royalties ( OR ) anticipates updates from Orla Mining and Osisko Development by year-end

* Company sees Harmony Gold optimizing CSA mine operations

Result Drivers

* GOLD EQUIVALENT OUNCES - Increase in gold equivalent ounces to 20,326 from 18,408 in Q3 2024 contributed to revenue growth

* CASH FLOW STRENGTH - Strong cash flows from operations enabled full repayment of revolving credit facility, achieving debt-free status

* STRATEGIC PAYMENTS - Payments related to discovery milestones and gold stream advances support future growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $42.27

Adjusted mln

Net

Income

Q3 Net $82.85

Income mln

Q3 $0.055

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialty mining & metals peer group is "buy"

* Wall Street's median 12-month price target for OR Royalties Inc ( OR ) is C$55.00, about 20.9% above its November 4 closing price of C$43.50

* The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 41 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)