OR Royalties Reports Q3 Preliminary Deliveries of Gold Equivalent Ounces

MT Newswires Live
Oct 07

OR Royalties (OR) reported Q3 preliminary deliveries Wednesday of 20,237 attributable gold equivalent ounces.

The company also reported preliminary revenue of $90.2 million from royalties and streams, preliminary cost of sales, excluding depletion, of $2.9 million, and a quarterly cash margin of approximately $87.3 million, or 96.8%.

As of Sept. 30, the company said it had approximately $76.7 million in cash, after repurchases of shares made under the normal course issuer bid of $29.1 million. OR Royalties also said its revolving credit facility was drawn by $228.2 million as of Sept. 30, with $621.8 million of available capacity, as well as an uncommitted accordion of up to $350 million.

Shares of OR Royalties were down 0.9% pre-bell.

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