Jul 24, 2025
No Pickaxe Needed: How OR Royalties (OR:TSX) Mined a 60% Return
In this segment, Aaron breaks down the recent performance of OR Royalties (OR:TSX), a leading gold royalty and streaming company with a $5.2 billion market cap. The stock is up 60% in 2025, driven by surging gold prices ($2,863/oz) and a high-quality asset base, with 80% of NAV in tier-one jurisdictions like Canada, the U.S., and Australia. Is OR a smart long-term hold for gold exposure—or is the rally overdone?