Osisko Mining Corporation
- Company typePublic
- Founded2014
- HeadquartersMontréal, Canada
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Osisko Mining Corporation does
OR Royalties Inc. (Redevances OR Inc.), referenced in the input as "Osisko Mining Corporation" but operating under the OR Royalties brand, is a publicly traded precious metals royalty and streaming company incorporated in Canada and headquartered in Montreal. It was established in 2014 and trades on the Toronto Stock Exchange under the ticker OR, with a market capitalization of C$10.35 billion and offices in Montreal, Toronto, and Bermuda via its wholly owned subsidiary OR Royalties International Ltd.
The company builds and manages a portfolio of royalty and streaming interests in producing and development-stage gold, silver, and other precious metals mines, providing upfront capital to mining operators in exchange for either a Net Smelter Return (NSR) royalty on future production or contractual deliveries of metal at preferential rates. Its flagship asset is a 5% NSR royalty on the world-class Canadian Malartic mine in Quebec, with a recently acquired 1.5% NSR royalty on the producing San Gabriel gold and silver mine in Peru (operated by Compañía de Minas Buenaventura SAA) added in February 2026 as part of an eight-royalty US$115 million portfolio acquired from Gold Fields Limited subsidiaries. The portfolio comprises more than 130 royalties and streams globally.
Revenue is generated passively from royalty payments and metal deliveries tied to third-party mine production, with no operational costs, capex, or environmental liabilities borne by the company. This model produced a reported 74.23% net margin, C$277.4 million in record fiscal 2025 revenue, and 56% year-over-year growth in Q1 2026 operating cash flows. Capital is returned to shareholders through a growing quarterly dividend (raised 18% in Q1 2026) and a normal course issuer bid that repurchased C$17.7 million of shares in Q1 2026. Institutional coverage by Scotiabank, TD Securities, and Stifel Nicolaus carries a consensus target of C$50.67 with a Moderate Buy rating.
Osisko Mining Corporation firmographics
Firmographics- Name
- Osisko Mining Corporation
- Legal name
- Redevances OR Inc.
- Website
- https://osiskogr.com
- Company type
- Public
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Osisko Mining Corporation industry classification
Industry- Product category
- Precious Metals Royalty and Streaming
- NAICS
- Gold Ore and Silver Ore Mining (21222)
- SIC
- Mineral Royalty Traders (6795)
- akta.pro primary industry
- Precious Metals Streaming, Royalties & Offtake (IMAKAEAF)
- akta.pro secondary industry
- Real Assets — Natural Resources & Minerals (Mining, Royalties/Streaming) (FSAHAIAK)
Keywords
Where Osisko Mining Corporation is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Osisko Mining Corporation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Marketing or Sales, Others
Revenue model
- Royalty Revenue: The company earns royalties from mining operations, primarily through Net Smelter Return (NSR) royalties on gold and silver production. The flagship asset is a 5% NSR royalty on the Canadian Malartic mine in Quebec. Revenue is generated passively based on production levels from underlying mining operations, providing recurring revenue streams without operational costs.
- Precious Metals Streams: Acquisition of precious metals streaming agreements where the company provides upfront capital to mining operators in exchange for deliveries of gold/silver at preferential rates. Recent acquisitions include streaming agreements on Canadian Copper assets in New Brunswick.
- Dividend Income: The company pays dividends to shareholders from operating cash flows, with recent announcement of 18% increase in quarterly dividend.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Osisko Mining Corporation product offering
Product offeringCore offering
Osisko Mining Corporation (operating as OR Royalties Inc. / Redevances OR Inc.) is a precious metals royalty and streaming company that acquires royalty interests and precious metals streams on producing and development-stage mining assets. The company provides upfront capital to mining operators in exchange for Net Smelter Return (NSR) royalties on gold and silver production, or for future deliveries of precious metals at discounted rates under streaming agreements. Its flagship asset is a 5% NSR royalty on the Canadian Malartic gold mine in Quebec, with a portfolio of over 130 royalties and streams globally.
Product overview
OR Royalties Inc. (Redevances OR Inc.) operates as a pure-play precious metals royalty and streaming company, providing capital to mining operations in exchange for royalty interests. The company holds a diversified portfolio of royalties including its flagship 5% NSR on the Canadian Malartic mine and 1.5% NSR on San Gabriel. The business model generates recurring revenue from mining production without operational costs, delivering high-margin cash flows to shareholders.
Differentiator
Problem solved
Functional benefit
Products and services
- Canadian Malartic Royalty A 5% Net Smelter Return (NSR) royalty on the Canadian Malartic gold mine located in Malartic, Quebec, considered a world-class asset and the company's flagship royalty interest. Revenue is generated passively based on production levels from the underlying mining operation.
- San Gabriel Royalty A 1.5% NSR royalty on the producing San Gabriel gold and silver mine operated by Compañía de Minas Buenaventura SAA, a major Peruvian precious metals mining company. Acquired in February 2026 as part of an eight-royalty portfolio acquisition.
- Gold Royalties Portfolio (Redevances Aurifères) A diversified portfolio of over 130 royalties and streams on gold and other precious metals assets globally, providing recurring revenue from mining production without operational involvement. The portfolio includes royalties acquired from Gold Fields Limited for $115 million USD.
- Precious Metals Streaming Agreements
Quantifiable outcome
- Net margin of 74.23% demonstrates the high-margin nature of the royalty business model
- +3 more outcomes
Companies that use Osisko Mining Corporation
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Osisko Mining Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Osisko Mining Corporation partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Canadian CoppercoreAcquisition of precious metals streaming agreement on copper assets in New Brunswick. This strategic transaction expands Osisko's streaming portfolio into base metals with precious metals exposure.
- Gold Fields LimitedcoreAcquisition of a portfolio of 8 royalties from Gold Fields subsidiaries for $115 million USD. The primary asset is a 1.5% NSR royalty on the producing San Gabriel gold and silver mine operated by Compañía de Minas Buenaventura SAA. This acquisition represents a significant expansion of Osisko's royalty portfolio.
- Compañía de Minas Buenaventura SAAcoreOperator of the San Gabriel gold and silver mine where Osisko holds a 1.5% NSR royalty. Buenaventura is a major Peruvian precious metals mining company listed on the Lima Stock Exchange.
- World Gold CouncilminorCorporate member of the World Gold Council, the market development organization for the gold industry. Membership supports industry advocacy and responsible gold sourcing initiatives.
Scale indicators9 records
Recent moves9 records
Expansion highlights5 records
Osisko Mining Corporation competitors and assessment
Company assessmentDirect peers
- Triple Flag Precious Metals Corp. Mid-cap precious metals royalty and streaming company with a portfolio of streams and royalties. Direct competitor in the royalty/streaming acquisition market and a close business model analog.
- EMX Royalty Corporation: Royalty company with a portfolio of royalties on precious, base, and battery metals properties. Direct competitor in the royalty acquisition market, with a broader commodity mix than pure gold-focused peers.
- Sandstorm Gold Royalties: Precious metals royalty company with a diversified portfolio of streams and royalties across producing and development-stage mines. Operates a similar upfront-capital model and competes directly for streaming and royalty acquisitions.
- Royal Gold, Inc. US-based precious metals royalty and streaming company with a diversified portfolio of royalties, streams, and similar interests. Direct competitor for high-quality royalty acquisitions and comparable to OR Royalties in business model and investor base.
- Metalla Royalty & Streaming Ltd. Royalty and streaming company focused on acquiring precious metals royalties. Smaller-scale direct peer with a comparable business model, providing a useful smaller-cap comp for streaming transaction pricing.
- Vox Royalty Corp. Royalty company with a portfolio of royalties primarily on precious metals and base metals assets. Smaller direct peer with comparable deal flow and business model.
- Gold Royalty Corp. Royalty company formed with a portfolio of precious metals royalties on producing, development, and exploration stage assets. Direct peer with similar focus on gold royalty acquisition strategy.
- Franco-Nevada Corporation: The largest precious metals royalty and streaming company globally. Directly comparable business model (gold/silver royalties and streams), with a similar diversified portfolio approach including a major Canadian Malartic interest. The benchmark comp for OR Royalties.
- Wheaton Precious Metals Corp. The world's largest pure precious metals streaming company. Operates an analogous upfront-capital-for-future-deliveries model focused on gold, silver, and other precious metals, with a portfolio of long-life streaming agreements.
Broad incumbents
- Agnico Eagle Mines Limited: Major gold producer and co-operator of the Canadian Malartic mine (one of OR Royalties' flagship royalty assets). Relevant as an underlying operator/partner rather than a royalty competitor, but provides a useful comp for underlying gold mining economics that drive royalty payments.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Osisko Mining Corporation social profiles
Digital presenceOsisko Mining Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Osisko Mining Corporation leadership team
Management profileNumber of profiles
Profiles3 records
Osisko Mining Corporation subsidiaries and ownership
Company hierarchySubsidiaries1 record
Osisko Mining Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Osisko Mining Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Osisko Mining Corporation
What does Osisko Mining Corporation do?
Osisko Mining Corporation (operating as OR Royalties Inc. / Redevances OR Inc.) is a precious metals royalty and streaming company that acquires royalty interests and precious metals streams on producing and development-stage mining assets. The company provides upfront capital to mining operators in exchange for Net Smelter Return (NSR) royalties on gold and silver production, or for future deliveries of precious metals at discounted rates under streaming agreements. Its flagship asset is a 5% NSR royalty on the Canadian Malartic gold mine in Quebec, with a portfolio of over 130 royalties and streams globally.
Is Osisko Mining Corporation a public or private company?
Osisko Mining Corporation is a public company. It is classified as public and is currently operating.
When was Osisko Mining Corporation founded?
Osisko Mining Corporation was founded in 2014. It employs 501 to 1,000 people.
Where is Osisko Mining Corporation based?
Osisko Mining Corporation is headquartered in Montréal, Canada, in the North America region.
How does Osisko Mining Corporation make money?
Three revenue lines are on record. Royalty Revenue is the primary driver. The others are precious Metals Streams and dividend Income.
Who are Osisko Mining Corporation's main competitors?
Direct peers on record are Triple Flag Precious Metals Corp., EMX Royalty Corporation, Sandstorm Gold Royalties, Royal Gold, Inc., Metalla Royalty & Streaming Ltd., Vox Royalty Corp., Gold Royalty Corp., Franco-Nevada Corporation and Wheaton Precious Metals Corp.. Agnico Eagle Mines Limited is listed as a broad incumbent.
Does Osisko Mining Corporation have an API?
No public API is recorded for Osisko Mining Corporation.
What industry is Osisko Mining Corporation in?
Osisko Mining Corporation's product category is Precious Metals Royalty and Streaming. Its primary akta.pro industry code is IMAKAEAF, Precious Metals Streaming, Royalties & Offtake, with a secondary code of FSAHAIAK, Real Assets — Natural Resources & Minerals (Mining, Royalties/Streaming). Its NAICS code is 21222 and its SIC code is 6795.