{"id":10,"date":"2015-02-03T09:37:49","date_gmt":"2015-02-03T14:37:49","guid":{"rendered":"http:\/\/localhost\/osisko\/?page_id=10"},"modified":"2026-03-03T13:43:35","modified_gmt":"2026-03-03T18:43:35","slug":"croissance","status":"publish","type":"page","link":"https:\/\/orroyalties.com\/fr\/survol\/croissance\/","title":{"rendered":"Croissance"},"content":{"rendered":"<h4>PORTEFEUILLE D&rsquo;ACTIFS DE GRANDE QUALIT\u00c9, POTENTIEL DE CROISSANCE DE PREMIER PLAN<\/h4>\n<p>&nbsp;<\/p>\n<ul style=\"list-style-type: square;\">\n<li><strong>Portefeuille de m\u00e9taux pr\u00e9cieux de qualit\u00e9 sup\u00e9rieure<\/strong>\n<ul>\n<li>23 actifs en production(i), dont une redevance de 5 % NSR sur le complexe Canadian Malartic d&rsquo;Agnico Eagle(ii)<\/li>\n<\/ul>\n<\/li>\n<li><strong>Profil de croissance organique de premier plan<\/strong>\n<ul>\n<li>Croissance des livraisons d&rsquo;OEO attribuables de ~50 % selon les pr\u00e9visions actuelles pour 2030e (110-125 kOEO)<\/li>\n<\/ul>\n<\/li>\n<li><strong>Concentration la plus \u00e9lev\u00e9e d&rsquo;actifs dans des juridictions mini\u00e8res de premier plan(iii)<\/strong>\n<ul>\n<li>Sur la base de la valeur nette des actifs comparativement aux soci\u00e9t\u00e9s concurrentes<\/li>\n<\/ul>\n<\/li>\n<li><strong>Bilan solide et strat\u00e9gie disciplin\u00e9e d&rsquo;allocation du capital<\/strong>\n<ul>\n<li>~992 millions $ US en liquidit\u00e9s disponibles au 31 d\u00e9cembre 2025 &#8211; entre l&rsquo;encaisse et la facilit\u00e9 de cr\u00e9dit renouvelable non utilis\u00e9e (incluant la disposition accord\u00e9on de 200 millions $ CA)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<table style=\"border-collapse: collapse; width: 100%; height: 106px;\">\n<tbody>\n<tr style=\"height: 56px;\">\n<td style=\"width: 33.3333%; height: 56px; text-align: center;\">\n<h3><strong>+195<\/strong><\/h3>\n<p>redevances, flux et ententes d&rsquo;\u00e9coulement de m\u00e9taux<\/td>\n<td style=\"width: 33.3333%; height: 56px; text-align: center;\">\n<h3><strong>6,6 G $ US<\/strong><\/h3>\n<p>capitalisation boursi\u00e8re<\/td>\n<td style=\"width: 33.3333%; height: 56px; text-align: center;\">\n<h3><strong>80-90k<\/strong><\/h3>\n<p>perspectives de production d&rsquo;onces d&rsquo;\u00e9quivalent d&rsquo;or pour 2026<\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 33.3333%; height: 50px; text-align: center;\">\n<h3><strong>97 %<\/strong><\/h3>\n<p>de marge mon\u00e9taire<\/td>\n<td style=\"width: 33.3333%; height: 50px; text-align: center;\">\n<h3><strong>0,46 %<\/strong><\/h3>\n<p>rendement de dividende<\/td>\n<td style=\"width: 33.3333%; height: 50px; text-align: center;\">\n<h3><strong>1,65 x<\/strong><\/h3>\n<p>P\/VAN (consensus)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"panel\">\nNotes :<\/p>\n<p>(i) San Gabriel est inclus \u00e0 titre indicatif uniquement pour le moment, car la transaction visant \u00e0 acqu\u00e9rir le portefeuille de redevances de Gold Fields Limited, y compris une redevance NSR de 1,5 %, ne devrait pas \u00eatre conclue avant la fin du premier trimestre 2026.<br \/>\n(ii) Redevance de 5,0 % NSR pour les mines \u00e0 ciel ouvert de Canadian Malartic; redevance uniformis\u00e9e de 4,61 % pour les mines souterraines de Canadian Malartic Odyssey.<br \/>\n(iii) Par rapport aux soci\u00e9t\u00e9s concurrentes de redevances et flux de m\u00e9taux pr\u00e9cieux; les juridictions mini\u00e8res de premier plan sont d\u00e9finies comme suit : Canada, \u00c9.-U., Australie<br \/>\n<\/div>\n<p>&nbsp;<\/p>\n<h4><b>Une phase de croissance importante<\/b><\/h4>\n<p>OEO (onces d&rsquo;\u00e9quivalent d&rsquo;or)<\/p>\n<p><a href=\"https:\/\/orroyalties.com\/app\/uploads\/2026\/03\/OR_Outlook_26_FR.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-13604\" src=\"https:\/\/orroyalties.com\/app\/uploads\/2026\/03\/OR_Outlook_26_FR.jpg\" alt=\"\" width=\"800\" height=\"344\" srcset=\"https:\/\/orroyalties.com\/app\/uploads\/2026\/03\/OR_Outlook_26_FR.jpg 1600w, https:\/\/orroyalties.com\/app\/uploads\/2026\/03\/OR_Outlook_26_FR-300x129.jpg 300w, https:\/\/orroyalties.com\/app\/uploads\/2026\/03\/OR_Outlook_26_FR-1024x440.jpg 1024w, https:\/\/orroyalties.com\/app\/uploads\/2026\/03\/OR_Outlook_26_FR-768x330.jpg 768w, https:\/\/orroyalties.com\/app\/uploads\/2026\/03\/OR_Outlook_26_FR-1536x660.jpg 1536w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<div class=\"panel\">\nNotes :<\/p>\n<ul>\n<li>Ces perspectives remplacent les perspectives pr\u00e9c\u00e9dentes (publi\u00e9es le 19 f\u00e9vrier 2025).<\/li>\n<li>Les perspectives pour 2026 (publi\u00e9es le 18 f\u00e9vrier 2026) sont bas\u00e9es sur les pr\u00e9visions publiques de nos partenaires op\u00e9rationnels. Lorsque les pr\u00e9visions publiques sur les propri\u00e9t\u00e9s ne sont pas disponibles, OR Royalties obtient des pr\u00e9visions internes aupr\u00e8s des producteurs ou utilise les meilleures estimations de la direction.<\/li>\n<li>Les pr\u00e9visions pour 2026 utilisent les prix consensuels actuels des mati\u00e8res premi\u00e8res pour 2026 et un ratio or\/argent de 73:1. Les perspectives sur 5 ans utilisent les prix consensuels actuels \u00e0 long terme des mati\u00e8res premi\u00e8res et un ratio or\/argent de 82:1.<\/li>\n<li>La barre d&rsquo;optionalit\u00e9 est fournie \u00e0 titre indicatif uniquement :\n<ul>\n<li>\u00ab D\u00e9veloppement \u00bb d\u00e9fini comme le fait que le partenaire ait au moins r\u00e9alis\u00e9 une \u00e9valuation \u00e9conomique pr\u00e9liminaire (ou plus) du projet<\/li>\n<li>\u00ab Exploration \u00bb d\u00e9fini comme le fait que le partenaire ait r\u00e9alis\u00e9 une estimation des ressources min\u00e9rales (MRE) du projet ou soit en train de r\u00e9aliser des forages exploratoires ou de travailler \u00e0 la r\u00e9alisation d&rsquo;une MRE initiale.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>(i) Bas\u00e9 sur les points m\u00e9dians des fourchettes de pr\u00e9visions d&rsquo;OEO pour 2026 et 2030, respectivement.<br \/>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>PORTEFEUILLE D&rsquo;ACTIFS DE GRANDE QUALIT\u00c9, POTENTIEL DE CROISSANCE DE PREMIER PLAN &nbsp; Portefeuille de m\u00e9taux pr\u00e9cieux de qualit\u00e9 sup\u00e9rieure 23 actifs en production(i), dont une redevance de 5 % NSR sur le complexe Canadian Malartic d&rsquo;Agnico Eagle(ii) Profil de croissance organique de premier plan Croissance des livraisons d&rsquo;OEO attribuables de ~50 % selon les pr\u00e9visions [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12811,"parent":6,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Croissance | Redevances OR inc.<\/title>\n<meta name=\"description\" content=\"Nos redevances NSR nous permettent de recevoir un 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