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precious metalsroyalty acquisitionSan Gabriel mine

OR Royalties Expands Portfolio With $115M Gold Fields Asset Acquisition

BenzingaBenzinga
|||1 min read
Key Takeaway

OR Royalties acquires eight precious metals royalties from Gold Fields for $115M, including a Peruvian gold-silver mine, boosting production to 80,000-90,000 ounces by 2026.

OR Royalties Expands Portfolio With $115M Gold Fields Asset Acquisition
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OR Royalties has agreed to acquire a diversified portfolio of eight precious metals royalties from Gold Fields affiliates for $115 million. The cornerstone asset is a 1.5% net smelter return (NSR) royalty on Buenaventura's San Gabriel mine in Peru, which currently produces gold and silver. The transaction also includes royalty interests on development and exploration projects located in Australia and Canada, providing geographic and operational diversification across the Americas and Asia-Pacific regions.

The acquisition is expected to deliver immediate production contribution in the form of gold equivalent ounces (GEOs), while strengthening OR Royalties' trajectory toward its medium-term production guidance. The company projects GEO output of 80,000 to 90,000 ounces in 2026, with further growth anticipated to reach 120,000 to 135,000 ounces by 2030. The San Gabriel royalty, as a producing asset with established cash flow characteristics, provides a stable foundation for the expanded royalty portfolio.

This transaction represents OR Royalties' continued strategy of building a diversified revenue stream through royalty interests across multiple jurisdictions and project stages. By acquiring producing, development, and exploration-stage assets, the company is positioning itself to benefit from both near-term cash generation and longer-term value creation as development projects advance through their respective timelines.

Topics

precious metalsroyalty acquisitionSan Gabriel minegold equivalent ouncesPeru miningdevelopment projectsNSR royalty

Source: Benzinga

Back to newsPublished Feb 18

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