Mining & Metals
OR Royalties Q2 Adjusted Earnings Jumps 78%
OR Royalties (OR.TO) second-quarter adjusted earnings jumped 78% to $0.32 per share, from $0.18 per share in the prior year period, the company said after trade on Wednesday.Analysts polled by FactSet had forecast adjusted earnings of $0.31 per share.The precious metals and royalty streaming company said quarterly revenue rose 62% to $97.8 million year over year, but just missed the $97.9 million expected by analysts.Additionally, OR Royalties said in a separate news release that it will pay a regular quarterly dividend of $0.065 per share on Oct. 15, to shareholders of record on Sept. 30.OR Royalties earned 20,757 gold equivalent ounces (GEOs) during the quarter, up from 19,700 GEOs in the second quarter of last year. It confirmed that it remains on track to achieve its 2026 guidance of 80,000 to 90,000 GEOs.OR Royalties shares closed up C$1.90, to C$45.20, on the Toronto Stock Exchange.
$OR.TO