# Select Asset Updates and&\#xA0;C$43.9 Million of Recent Share Repurchases Under the Normal Course Issuer Bid Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/select-asset-updates-and-xa0-c-43-9-million-of-recent-share-repurchases-under-th--b71088f4-41ea-40dd-bacb-5242b1a66956 Original source: https://money.tmx.com/en/quote/OR/news/6219397302997998/select-asset-updates-and-xa0-c-43-9-million-of-recent-share-repurchases-under-th Publisher: tmx Original announcement: 2025-12-16T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: OR Royalties Inc. - Ticker: OR - Exchange: TSX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Copper, Silver, Lithium, Molybdenum - Document categories: Resource update, Drill results, Other, Economic study - Extracted: 2026-09-18 15:10:13 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary OR Royalties Inc. provided a portfolio update highlighting advancements at Dalgaranga, Cascabel, Marimaca, and Spring Valley. The company also reported C$43.9 million in recent share repurchases and noted encouraging drill results from its advanced exploration assets. Reasoning: The document is a portfolio update from a royalty company, summarizing various technical milestones and drill results from its underlying assets. - Positive factor: Multiple asset updates across the portfolio - Positive factor: Share repurchase program active - Positive factor: Positive drill results at AuWEST and Glenburgh - Negative factor: Delays noted for Alamos Gold and Orla Mining projects Facts used in scoring: 11 ## Classification and evidence **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The update focuses on the progress of assets held via royalties rather than direct ownership. Evidence · text > OR Royalties owns a 1.44% gross revenue royalty \(“GRR”\) on Dalgaranga. ## Extracted facts Stored fact records: 10. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### 25GLR117 [Link to this fact](https://atlas-extractions.minestarters.com/news/select-asset-updates-and-xa0-c-43-9-million-of-recent-share-repurchases-under-th--b71088f4-41ea-40dd-bacb-5242b1a66956#fact-drill-facts-1) Glenburgh · gold #### Identity - Hole ID: 25GLR117 - Project: Glenburgh - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: OR #### Geometry - Grade: 12.7 - Grade Unit: g/t - Intercept: 15 m - From: 875 m - To: 890 m - Intercept Depth: 875 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25GLR117:875-890 #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Significant high-grade intercept in a step-out/extension context. - Positive factor: High-grade intercept Evidence · text > 15.0m at 12.7g/t Au from 875m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25GLR090 [Link to this fact](https://atlas-extractions.minestarters.com/news/select-asset-updates-and-xa0-c-43-9-million-of-recent-share-repurchases-under-th--b71088f4-41ea-40dd-bacb-5242b1a66956#fact-drill-facts-2) Glenburgh · gold #### Identity - Hole ID: 25GLR090 - Project: Glenburgh - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: OR #### Geometry - Grade: 16 - Grade Unit: g/t - Intercept: 2 m - From: 475 m - To: 477 m - Intercept Depth: 475 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25GLR090:475-477 #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: New discovery hole in an emerging lens. - Positive factor: Discovery hole Evidence · text > 2.0m at 16.0g/t Au from 475m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### TDG-25-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/select-asset-updates-and-xa0-c-43-9-million-of-recent-share-repurchases-under-th--b71088f4-41ea-40dd-bacb-5242b1a66956#fact-drill-facts-3) AuWEST · gold #### Identity - Hole ID: TDG-25-002 - Project: AuWEST - Commodity: gold - Region: canada\_bc - Reported Region: canada\_bc - Ticker: OR #### Geometry - Grade: 1.02 - Grade Unit: g/t - Intercept: 164 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Demonstrates extension of mineralization up dip and south. - Positive factor: Extension of mineralization Evidence · text > TDG-25-002 intersected 1.02 g/t Au, 2.0 g/t Ag, 0.24% Cu over 164.0 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### TDG-25-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/select-asset-updates-and-xa0-c-43-9-million-of-recent-share-repurchases-under-th--b71088f4-41ea-40dd-bacb-5242b1a66956#fact-drill-facts-4) AuWEST · silver #### Identity - Hole ID: TDG-25-002 - Project: AuWEST - Commodity: silver - Region: canada\_bc - Reported Region: canada\_bc - Ticker: OR #### Geometry - Grade: 2 - Grade Unit: g/t - Intercept: 164 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Demonstrates extension of mineralization up dip and south. - Positive factor: Extension of mineralization Evidence · text > TDG-25-002 intersected 1.02 g/t Au, 2.0 g/t Ag, 0.24% Cu over 164.0 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### TDG-25-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/select-asset-updates-and-xa0-c-43-9-million-of-recent-share-repurchases-under-th--b71088f4-41ea-40dd-bacb-5242b1a66956#fact-drill-facts-5) AuWEST · copper #### Identity - Hole ID: TDG-25-002 - Project: AuWEST - Commodity: copper - Region: canada\_bc - Reported Region: canada\_bc - Ticker: OR #### Geometry - Grade: 0.24 - Grade Unit: % - Intercept: 164 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Demonstrates extension of mineralization up dip and south. - Positive factor: Extension of mineralization Evidence · text > TDG-25-002 intersected 1.02 g/t Au, 2.0 g/t Ag, 0.24% Cu over 164.0 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Resource Estimates (5) ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/select-asset-updates-and-xa0-c-43-9-million-of-recent-share-repurchases-under-th--b71088f4-41ea-40dd-bacb-5242b1a66956#fact-resource-facts-0) Dalgaranga · gold #### Identity - Project: Dalgaranga - Commodity: gold - Ticker: OR #### Resource scope - Estimate type: reserve - Resource group id: resource:25d3c8d0f8c524938842 - Deposit or zone: Never Never underground deposit \(including Pepper\) - Mining method: underground #### Resource Data - Category: probable - Tonnes: 7000000 - Grade: 7.3 - Grade Unit: g/t - Contained Metal: 1.6 - Contained Unit: moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Strong maiden reserve results for the Never Never deposit. - Positive factor: Maiden Probable Reserve reported Evidence · text > Maiden Probable Ore Reserve of 7.0Mt at 7.3g/t Au for 1.6Moz at the Never Never underground deposit \(including Pepper\) #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/select-asset-updates-and-xa0-c-43-9-million-of-recent-share-repurchases-under-th--b71088f4-41ea-40dd-bacb-5242b1a66956#fact-resource-facts-7) Altar · copper #### Identity - Project: Altar - Commodity: copper - Ticker: OR #### Resource scope - Estimate type: resource - Resource group id: resource:068791f856faed4a5fa5 #### Resource Data - Category: indicated - Tonnes: 2397000000 - Grade: 0.42 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Significant copper-gold resource reported via PEA. - Positive factor: Large resource base Evidence · text > PEA envisioned ... Mineral Resource Estimate that included 2,397Mt Measured and Indicated grading 0.42% Cu #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/select-asset-updates-and-xa0-c-43-9-million-of-recent-share-repurchases-under-th--b71088f4-41ea-40dd-bacb-5242b1a66956#fact-resource-facts-8) Altar · gold #### Identity - Project: Altar - Commodity: gold - Ticker: OR #### Resource scope - Estimate type: resource - Resource group id: resource:068791f856faed4a5fa5 #### Resource Data - Category: indicated - Tonnes: 2397000000 - Grade: 0.07 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Significant copper-gold resource reported via PEA. - Positive factor: Large resource base Evidence · text > PEA envisioned ... Mineral Resource Estimate that included 2,397Mt Measured and Indicated grading 0.42% Cu, 0.07 g/t Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/select-asset-updates-and-xa0-c-43-9-million-of-recent-share-repurchases-under-th--b71088f4-41ea-40dd-bacb-5242b1a66956#fact-resource-facts-9) Altar · silver #### Identity - Project: Altar - Commodity: silver - Ticker: OR #### Resource scope - Estimate type: resource - Resource group id: resource:068791f856faed4a5fa5 #### Resource Data - Category: indicated - Tonnes: 2397000000 - Grade: 1.2 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Significant copper-gold resource reported via PEA. - Positive factor: Large resource base Evidence · text > PEA envisioned ... Mineral Resource Estimate that included 2,397Mt Measured and Indicated grading 0.42% Cu, 0.07 g/t Au, 1.20 g/t Ag #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/select-asset-updates-and-xa0-c-43-9-million-of-recent-share-repurchases-under-th--b71088f4-41ea-40dd-bacb-5242b1a66956#fact-resource-facts-10) Altar · molybdenum #### Identity - Project: Altar - Commodity: molybdenum - Ticker: OR #### Resource scope - Estimate type: resource - Resource group id: resource:068791f856faed4a5fa5 #### Resource Data - Category: indicated - Tonnes: 2397000000 - Grade: 42 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Significant copper-gold resource reported via PEA. - Positive factor: Large resource base Evidence · text > PEA envisioned ... Mineral Resource Estimate that included 2,397Mt Measured and Indicated grading 0.42% Cu, 0.07 g/t Au, 1.20 g/t Ag and 42 parts per million \(“ppm”\) molybdenum \(“Mo”\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.