OR Royalties Inc. reports positive operational developments across key royalty assets including Island Gold expansions and first production at Dalgaranga, while announcing the sale of its Osisko Metals equity position for $34.8 million net proceeds.
Key takeaways
Island Gold targeting underground throughput ramp to 2,000 tpd by end-2026 and 2,400 tpd in early 2027 with 5.1 Moz reserves.
Dalgaranga first ore delivered one month ahead of schedule; first high-grade processing in June 2026 quarter; first royalty payment expected early May 2026.
Glenburgh 250,000m fully-funded drill program underway with new high-grade discoveries at Hurricane and Kilkenny.
Sold entire Osisko Metals equity position in mid-April 2026 for $34.8 million net proceeds.
Eagle Gold Mine exclusivity agreement signed April 23, 2026 with Boroo for potential acquisition and restart.
Bralorne drill program expanded to 105,000m; PEA expected Q2 2026.