ARMENIA; AUSTRALIA —OR Royalties Inc. disclosed comprehensive progress across several key producing, development, and exploration assets within its royalty and precious metals streaming portfolio on September 23, 2026. Operator Cabral Gold Inc. achieved initial gold production at the Cuiú Cuiú project on September 10, 2026, with commercial operations slated for the fourth quarter. The project received support from a CAD 45 million investment by Alpayana S.A.C. Simultaneously, United Gold approaches first gold production at the Amulsar mine, where OR Royalties holds valuable silver and gold stream rights. Farther along in development, Osisko Gold Group Inc. sanctioned a formal construction decision for the Cariboo Gold Project, committing CAD 990 million in capital expenditure, while Equinox Gold Corp. secured a positive federal Record of Decision for its South Railroad mine in Nevada.
These developments reflect significant milestone progression across global extraction projects, ensuring future cash flow growth for streaming equity holders. For the global mining sector, successful transition from permitting to construction reduces capital risk and stabilizes long-term supply chains for critical industrial inputs like copper and zinc, as well as precious metals. Mineral streaming models allow royalty holders to gain exposure to production upside without direct exposure to operating cost inflation or mine construction risks.
Regulatory and environmental approvals remain critical inflection points for resource development timelines. Major environmental permits obtained by project operators, including environmental impact approvals for Axo Metals Corp.'s San Antonio project in Mexico and critical federal approvals for South32 Ltd.'s Hermosa project in the United States, enable transitioning mineral deposits into active industrial operations. Such milestone clearances facilitate project debt financing and reduce sovereign regulatory friction.
For institutional investors and capital markets, royalty aggregators offer a resilient avenue for precious and base metal investment. Continued drill successes, such as Benz Mining Corp.'s AUD 150 million placement for its Glenburgh exploration campaign and Japan Gold Corp.'s USD 35 million strategic alliance with Solidcore Resources plc, signal strong ongoing exploration funding. Headquartered in Montréal, Canada, OR Royalties Inc. is a precious metals streaming and royalty company holding interest in over 200 global assets, anchored by a net smelter return royalty on the Canadian Malartic Complex.
