OR Royalties Inc. (TSX: OR, NYSE: OR) reported preliminary first-quarter 2026 results showing record quarterly revenue of $102.8 million and completed C$17.7 million in share repurchases under its normal course issuer bid.

The precious metals royalty company earned 22,740 attributable gold equivalent ounces during the quarter, according to a press release. Cost of sales excluding depletion totaled $3.3 million, resulting in a cash margin of approximately $99.5 million, or 96.8% of revenue.

The company's cash position stood at approximately $94.9 million as of March 31, 2026, after the share repurchases and funding the additional Namdini 1.0% net smelter return royalty transaction that closed at the end of March.

OR Royalties received 4,290 ounces of gold as a one-time payment representing approximately $17.5 million in net value after SolGold plc and Jiangxi Copper Company Limited exercised their option to buy back 50% of the Cascabel gold stream in February.

The company's $650 million revolving credit facility plus $200 million uncommitted accordion remained undrawn at quarter-end. OR Royalties expects two recently announced acquisition transactions to close early in the second quarter of 2026.

The company will release complete first-quarter results on May 6, 2026, after market close, followed by a conference call on May 7, 2026, at 10:00 a.m. ET.

OR Royalties noted that the preliminary figures have not been audited and remain subject to quarter-end adjustments that may result in material changes to the reported amounts.