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OR Royalties Inc. (OR) is a non-energy raw materials company in the valuable metal revenue rights industry, based in Montreal, Canada.
It reported revenue of $191.16 million for fiscal year 2024, up 4.3% from fiscal year 2023, and net income of $16.27 million. In Q3 2025 (the quarter ended September 30, 2025) revenue was $71.63 million, up 69.0% from a year before. Canada was its largest region in fiscal year 2025, with 58% of revenue. Its market capitalization was $6.53 billion as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2024; market data as of October 9, 2026.
OR Royalties Inc. acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects.
OR Royalties reported $191.16 million in revenue for fiscal year 2024, up 4.3% from $183.23 million in fiscal year 2023. In Q3 2025 revenue was $71.63 million.
Canada: 58% of revenue by region in fiscal year 2025, followed by South America (19%).
$6.53 billion as of October 9, 2026.
Listed companies of a similar size in the same industry (valuable metal revenue rights) include Wheaton Precious Metals Corp. (WPM), Franco-Nevada Corporation (FNV), Royal Gold, Inc. (RGLD), Triple Flag Precious Metals Corp. (TFPM).