OR Royalties reports $90.2 million Q3 royalty revenue
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- OR Royalties reported preliminary third-quarter royalty and stream revenues of $90.205 million.
- The revenue increase was supported by deliveries totaling 20,237 gold equivalent ounces.
- The company expects its $621.8 million in available credit capacity to support ongoing strategic growth.
OR Royalties (NYSE:OR) reported preliminary third-quarter royalty and stream revenues of $90.205 million.
The quarterly performance represents a notable increase compared to the $71.625 million recorded during the same period last year.
Total operational deliveries reached 20,237 gold equivalent ounces across its global royalty and streaming asset portfolio.
The company achieved a cash margin of $87.288 million, which represented 96.8% of total quarterly revenues.
During the quarter, the company completed the $15 million La Verde royalty transaction with Hot Chili using balance-sheet cash.
The company stated that $621.8 million remains available under its credit facility alongside an uncommitted accordion of up to $350 million.
