OR Royalties secures silver stream in Nevada deal

MONTRÉAL - OR Royalties Inc. (TSX & NYSE: OR) has acquired a 100% silver stream on the South Railroad project in Nevada, operated by Orla Mining Ltd., marking an expansion of the company’s exposure to top-tier mining jurisdictions. This transaction, which closed on May 19, 2025, involves a purchase agreement with Osisko Bermuda Limited (OBL), a subsidiary of OR Royalties, for silver production from the South Railroad and Jasperiod Wash deposits, part of Orla’s project in Elko County.

According to the terms, OBL will purchase 100% of the recovered silver for the life of the mine at 15% of the market price. The agreement is secured by the project’s property and assets, with OBL paying Orion Resource Partners (USA) LP $13 million in total consideration.

Orla plans to release an updated Feasibility Study for the project by the end of 2025 and expects to obtain final permits by mid-2026. Construction could start soon after, with the possibility of production commencing as early as 2027. The South Railroad project is anticipated to be an open-pit heap-leach mine with on-site doré production.

In addition to the Nevada project, OR Royalties reports progress on other assets. The U.S. Bureau of Land Management is expected to release a Final Environmental Impact Statement for Solidus Resources LLC’s Spring Valley gold project by July 11, 2025. Construction is projected to begin in the third quarter of 2025, with potential financing from the Export-Import Bank of the United States.

Osisko Development Corp. has released an Optimized Feasibility Study for its Cariboo gold project in British Columbia, Canada, outlining a 10-year life of mine with average annual production of approximately 190,000 ounces of gold. Construction could start in the third quarter of 2025, targeting first gold production in the second half of 2027.

OBL has also sold its ownership interest in the Amulsar mine to United Gold and entered into amended gold and silver purchase and credit agreements. The Amulsar project is expected to produce approximately 168,000 ounces of gold and 140,000 ounces of silver annually over a 16-year mine life.

OR Royalties, which holds a North American-focused portfolio of over 195 royalties, streams, and precious metal offtakes, including 21 producing assets, has based this press release on information publicly disclosed by other issuers and third parties. The company’s strategic acquisitions and asset developments reflect its confidence in the potential growth of its portfolio, with recent financial data showing 9.09% revenue growth and a remarkable 55.11% return over the past year. While the company cautions that forward-looking statements are not guarantees of future performance, InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 16 additional investment insights available to subscribers. For comprehensive analysis of OR Royalties and 1,400+ other stocks, access the detailed Pro Research Reports on InvestingPro.

This news article is based on a press release statement from OR Royalties Inc.

In other recent news, Osisko Gold Royalties Ltd announced a 20% increase in its quarterly dividend, with US$0.055 per common share to be distributed on July 15, 2025. This marks a significant rise from the previous dividend and reflects the company’s financial health as determined by the Board of Directors. The dividend will be available to shareholders of record as of June 30, 2025, with Canadian shareholders receiving the equivalent amount in Canadian dollars based on the Bank of Canada’s daily rate. Additionally, Osisko offers a dividend reinvestment plan for shareholders in Canada and the United States, allowing dividends to be reinvested in additional common shares.

In other developments, Osisko Gold has received endorsements from Institutional Shareholder Services (ISS) and Glass Lewis & Co. for all proposed resolutions at its upcoming Annual and Special Meeting of Shareholders on May 8, 2025. These recommendations are expected to influence shareholder voting decisions. Osisko’s Board of Directors has also unanimously recommended a favorable vote on these resolutions. Shareholders are encouraged to vote by the deadline of May 6, 2025. The company emphasizes the importance of shareholder participation and provides assistance through the Laurel Hill Advisory Group for voting-related queries.

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