Falco Resources and OR Royalties Amend Silver Purchase Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Should l Buy OR?
Falco Resources (FPRGF) and OR Royalties (OR) have entered into an amendment to the silver purchase agreement dated February 27, 2019 relating to Falco's Horne 5 Project. The amendment postpones certain deadlines granted to Falco to achieve milestones set as conditions precedent to OR funding the remaining instalments of the stream deposit and certain other deadlines.
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Analyst Views on OR
Wall Street analysts forecast OR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OR is 44.49 USD with a low forecast of 38.00 USD and a high forecast of 62.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
5 Buy
3 Hold
0 Sell
Moderate Buy
Current: 38.670
Low
38.00
Averages
44.49
High
62.00
Current: 38.670
Low
38.00
Averages
44.49
High
62.00
About OR
OR Royalties Inc. is a Canada-based intermediate precious metal royalty company. The Company is engaged in the business of acquiring and managing royalties, streams and similar interests in Canada and worldwide. The Company's portfolio is anchored by its cornerstone asset, a 3-5% net smelter return royalty on the Canadian Malartic mine, located in Canada. The Company holds a North American focused portfolio of over 195 royalties, streams and precious metal offtakes, including 21 producing assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Gold Production Potential: The Namdini mine is expected to reach peak production of approximately 360,000 ounces of gold per year in 2025, with an average of 287,000 ounces annually over the initial 15-year mine life, bolstering OR Royalties' gold equivalent output expectations.
- Payment Structure: OR Royalties made an initial payment of $28.5 million upon closing, with an additional $70 million contingent on achieving certain milestones, further solidifying its investment returns from the mine.
- Market Confidence: The acquisition reflects OR Royalties' strong confidence in the Namdini mine, with the CEO highlighting that this move not only reinforces existing assets but also showcases effective collaboration with industry partners, indicating future growth potential.
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- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
See More
OR Royalties Appoints New Independent Director
- Board Changes: OR Royalties Inc. announces the appointment of Kevin Thomson as an Independent Director, who brings over 40 years of strategic mergers and acquisitions experience in the mining sector, which will significantly support the company's global growth strategy.
- Director Resignation: William Murray John has resigned from the Board effective immediately, having played a vital role in governance, nomination, and sustainability committees, with the company's strategic adjustments reflecting its evolving needs.
- Industry Background: Thomson previously served as Senior Executive Vice President at Barrick Gold Corporation, where he managed complex legal negotiations and corporate strategy, and his extensive experience is expected to provide new perspectives and strategic insights for OR Royalties.
- Company Overview: OR Royalties focuses on precious metals royalties and streaming in Tier-1 mining jurisdictions, currently holding over 195 royalties, with its cornerstone asset being a 3-5% net smelter return royalty on Agnico Eagle Mines' Canadian Malartic Complex, one of the largest gold mines globally.
See More
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- Acquisition Deal: OR Royalties has acquired a 1% net smelter return royalty on the Namdini gold mine for a total consideration of up to $103.5 million, completing the purchase of Savannah Mining's remaining 50% interest, with an initial payment of $28.5 million and an additional $70 million contingent on milestones expected in the next two quarters.
- Production Outlook: Gold production at Namdini is set to commence in H1 2025, with the mine in the final phases of ramping up to peak output of approximately 360,000 ounces per year, alongside an expected average of 287,000 ounces annually over the initial 15-year mine life, indicating strong long-term profitability potential.
- Operational Context: The Namdini mine is an open-pit gold mine operated by Shandong Gold (SDGMF), and as production ramps up, OR Royalties' investment is expected to generate stable cash flows and revenue growth, further solidifying its market position in the gold mining sector.
- Strategic Implications: This acquisition not only enhances OR Royalties' asset portfolio but also increases financial flexibility and long-term growth potential through stable gold mining revenues, aligning with its debt-free growth strategy.
See More
OR Royalties Acquires Additional 1% NSR Royalty on Namdini Gold Mine
- Transaction Overview: OR Royalties has acquired a 1% net smelter return royalty on the Namdini Gold Mine for up to $103.5 million, enhancing future cash flows significantly by securing Savannah Mining's remaining 50% interest.
- Gold Production Potential: The Namdini mine is expected to reach peak production of approximately 360,000 ounces of gold per year in 2025, with an average of 287,000 ounces annually over the initial 15-year mine life, bolstering OR Royalties' gold equivalent output expectations.
- Payment Structure: OR Royalties made an initial payment of $28.5 million upon closing, with an additional $70 million contingent on achieving certain milestones, further solidifying its investment returns from the mine.
- Market Confidence: The acquisition reflects OR Royalties' strong confidence in the Namdini mine, with the CEO highlighting that this move not only reinforces existing assets but also showcases effective collaboration with industry partners, indicating future growth potential.
See More
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See More
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