OR Royalties Inc's main asset is a world-class 5% net smelter return (NSR) royalty on the Canadian Malartic Mine located in Malartic, Québec, a world-class royalty asset.

OR Royalties is on track to achieve its 2025 annual guidance of 80,000-88,000 GEOs, as we expect a slightly stronger second half in terms of GEOs earned. Looking a bit closer at some of our major GEO contributors over the past six months, we have seen continued outperformance at Canadian Malartic largely offsetting silver grade-related underperformance at Mantos Blancos.