Or Royalties Latest Updates: Q2 Deliveries, Asset Additions, and Corporate Trajectory
By Alexander Ross
The September asset portfolio briefing marked a key operational update: the transition of the Cuiú Cuiú gold project in Pará State, Brazil, into an active producer. Operated by Cabral Gold, the site poured its first gold, confirming metallurgical viability and commissioning of processing infrastructure.
OR Royalties holds meaningful economic exposure to Cuiú Cuiú. Moving from permits and construction to commercial gravity and leach circuits strips away execution risk. Gold is now being extracted, packaged, and credited, meaning regular royalty checks will soon hit the balance sheet.
Simultaneously, the Amulsar project in Armenia approaches production. Development teams completed major mechanical installations throughout mid-2026, putting first gold pour within reach. This parallel ramp-up gives OR a dual engine of organic volume expansion through 2027.
| Asset / Operation | Jurisdiction | Current Status (2026) | Royalty / Stream Exposure |
|---|---|---|---|
| Cuiú Cuiú | Brazil | First Gold Poured; Commissioning | Net Smelter Return (NSR) Royalty |
| Amulsar | Armenia | Late-Stage Build; Output Imminent | Gold Stream / NSR Structure |
| Core Americas Portfolio | Canada / US / Mexico | Commercial Production | Tier-1 Life-of-Mine Royalties |
| Early Exploration Assets | Global | Drilling & Resource Delineation | Long-Dated Exploration NSRs |
Alexander Ross has covered the video game industry for a decade, writing deep dives on game design, esports tournaments, VR developments, and gaming culture.
