GEOs News & Analysis

OR Royalties Q2 Earnings Show 62% Revenue Growth to $97.8M

OR Royalties (NYSE:OR) reported second-quarter revenue of $97.8 million, a 62% increase from the previous year. Operating cash flow also rose 62% to $83.2 million. The company delivered 43,497 gold equivalent ounces in the first half, maintaining its full-year guidance of 80,000 to 90,000 GEOs. Despite near-term pressure from a disruption at Canadian Malartic that may reduce GEOs by up to 7,500 annually from 2027-2028, management confirmed that the 2026 guidance remains intact. This matters for investors as the strong earnings and consistent guidance provide a solid foundation despite potential challenges.