Company Overview

OR Royalties Inc. is a Canadian precious metals royalty and streaming company focused primarily on gold and, to a lesser extent, silver and other precious metals. The company operates within the mining finance and royalty sector, providing capital to mining companies in exchange for royalties, streams, and similar interests tied to mineral production. Its business model is designed to deliver exposure to commodity price upside and mine life extension while limiting direct operating and capital cost risks typically borne by mine operators.

The company’s core revenue drivers are cash flows generated from its portfolio of royalties and streams on producing, development-stage, and exploration-stage mining assets. OR Royalties serves mining operators ranging from junior developers to major global producers, with assets spanning multiple mining jurisdictions. The company is recognized for its scale among intermediate royalty companies, diversification across assets and operators, and a strong balance sheet. Originally founded in 2014 as Osisko Gold Royalties Ltd. following the sale of Osisko Mining’s Canadian Malartic mine, the company rebranded to OR Royalties Inc. in 2024 to reflect a broader identity beyond a single commodity or legacy asset.

Business Operations

OR Royalties generates revenue primarily through royalty and streaming agreements, which entitle it to a percentage of production revenue or the right to purchase metals at a fixed price from mining operations. Its operating model does not involve direct mine operation; instead, it relies on contractual interests tied to production volumes and commodity prices. The company’s portfolio includes royalties and streams on producing mines as well as optionality through development and exploration-stage assets.

Operations are diversified across North America, South America, Australia, and select international jurisdictions. Key assets historically include a cornerstone royalty on the Canadian Malartic complex in Québec, alongside interests in multiple gold-producing mines operated by third parties. OR Royalties controls no mining equipment or processing facilities but maintains in-house technical, legal, and financial expertise to evaluate mineral assets and structure transactions. The company also manages several wholly owned subsidiaries used to hold royalty interests and facilitate investments.

Strategic Position & Investments

The company’s strategy centers on disciplined capital allocation, portfolio diversification, and long-term net asset value growth per share. Growth initiatives include acquiring new royalties and streams, particularly on long-life, low-cost mines in stable jurisdictions, and providing structured financing solutions to mining companies. OR Royalties has historically emphasized maintaining liquidity and a conservative balance sheet to remain opportunistic during commodity cycles.

OR Royalties maintains equity investments and strategic interests in select mining and royalty-focused companies, providing additional exposure to asset development and sector growth. It has participated in notable acquisitions of royalty portfolios and individual royalty interests rather than pursuing operating control. The company is also involved in emerging opportunities tied to mine expansions, district-scale exploration upside, and by-product metal exposure, where such investments meet its risk-adjusted return criteria.

Geographic Footprint

OR Royalties is headquartered in Canada, with its principal office in Montréal, Québec. Its royalty and streaming portfolio spans multiple continents, with a concentration in Canada, the United States, and Latin America, complemented by exposure to Australia and other mining-friendly jurisdictions.

The company’s geographic diversification is intended to mitigate jurisdictional and operational risk while maintaining exposure to established mining regions with transparent regulatory frameworks. While it does not operate physical facilities, its international influence is reflected through contractual interests in mines owned and operated by global and regional mining companies.

Leadership & Governance

OR Royalties was founded by mining entrepreneur Sean Roosen, who played a central role in establishing the company’s royalty-focused strategy following the creation of Osisko Gold Royalties. The leadership team emphasizes disciplined investment, technical rigor, and alignment with shareholders through long-term value creation.

Key executives include:

• Jason Attew – President & Chief Executive Officer
• Sean Roosen – Founder & Chair of the Board
• Sandeep Singh – Chief Financial Officer
• John Burzynski – Senior Vice President, New Business Development
• Heather Taylor – Vice President, Sustainability & Communications

The company’s governance framework includes an independent board with mining, financial, and capital markets expertise, supporting oversight of strategy, risk management, and capital allocation.