Asset Portfolio Briefing: First Gold Production at Cuiu Cuiu, Imminent Gold Production at Amulsar, and Other Positive Updates
OR’s portfolio catalysts and production ramp-ups confirm its long-term growth trajectory, aligning with current guidance.
OR Royalties Inc. released a comprehensive portfolio update on September 23, 2026, covering its producing, development, and exploration assets. Cabral Gold achieved first gold production at its Cuiú Cuiú project on September 10, 2026, with a commercial ramp-up targeted for the fourth quarter of 2026. United Gold reported that first gold production at its Amulsar project is imminent, with commercial ramp-up on track for the first half of 2027.
At the CSA project, Harmony Gold provided fiscal year 2027 copper guidance of 28,000 to 30,000 tonnes of copper, targeting 40,000 tonnes by fiscal year 2029, alongside an updated mineral reserve estimate. Ramelius mined 115,000 tonnes of ore grading 5.95 g/t Au at Dalgaranga during the June 2026 quarter. Talisker shipped its first ore from the Bralorne project in late August, producing approximately 4,900 ounces of gold from roughly 19,000 tonnes grading 7.99 g/t. A preliminary economic assessment outlines a ramp-up to 110,000 ounces per year by 2031.
Osisko made a formal construction decision for the Cariboo project on September 14, 2026, targeting first pour in the first quarter of 2029 and commercial production in the second half of 2029. South32’s Hermosa/Taylor project and Equinox’s South Railroad project received final federal permits (ROD), with first production scheduled for the first half of 2028. Axo Metals received Mexican environmental approval for the construction and operation of its San Antonio project.
White Pine Copper released a pre-feasibility study for its White Pine North project, outlining a 26-year mine plan with greater than 45,000 tonnes of payable copper per year, targeting a final investment decision in the second half of 2027. Benz Mining closed a A$150 million private placement to accelerate a 450,000-meter drill program at Glenburgh. Exploration highlights include high-grade drilling at Torque’s Ritz, Vizsla’s Woodjam, and Westhaven’s Shovelnose.
Japan Gold Corp formed a strategic alliance with Solidcore Resources, and OR Royalties increased its royalty interest to 2.0%. The exclusivity period for the Eagle Gold mine was extended by 90 days for a potential sale to Boroo Pte Ltd.
OR Royalties Inc. (OR) released a portfolio update confirming operational milestones and permitting progress that were previously outlined in prior releases and the Q2 2026 transcript.
The market has already priced in the recovery from the July 2026 Barnat pit incident, with the stock rebounding from approximately $39.40 to approximately $50.80. The news reinforces the existing catalyst pipeline.
OR Royalties Inc. is a royalty and streaming company focused on precious metals, including gold, silver, and copper, operating in Tier 1 jurisdictions. Its portfolio spans producing assets such as Canadian Malartic, Dalgaranga, CSA, and Namdini, alongside development projects including Amulsar, Hermosa, South Railroad, Cariboo, Windfall, and Spring Valley. The company also holds exploration-stage assets at Glenburgh, Ritz, and Woodjam. The business model relies on low-cost, high-margin royalty and stream agreements with minimal operating capex requirements.