On February 18, 2026, OR Royalties Inc. announced a definitive agreement with affiliates of Gold Fields Limited to acquire a portfolio of precious metals assets consisting of eight royalties for total cash consideration of US$115 million, anchored by a 1.5 percent net smelter return royalty on Compañía de Minas Buenaventura's producing San Gabriel gold and silver mine in the Moquegua region of Peru. The portfolio spans multiple jurisdictions and includes a 1.0 percent NSR royalty on Galiano Gold's Nkran deposit at the Asanko gold mine in Ghana; a 2.0 percent NSR royalty on Torque Metals' Paris development project in Western Australia; a 2.5 percent net profits interest royalty over Freeport-McMoRan and Amarc Resources' JOY district exploration project, including the AuRORA discovery, in British Columbia, Canada; a 2.0 percent NSR royalty on Northern Star Resources' Warrida Well tenements in Western Australia; a 2.0 percent NSR royalty on Vizsla Copper's Woodjam project in British Columbia; and a 0.5 to 1.0 percent NSR royalty over Mineral Resources' Kambalda lithium project in Western Australia. Separately, OR Royalties agreed to pay Gold Fields an additional US$52 million in exchange for deferred payment obligations totalling US$60 million payable by Galiano Gold, bringing total consideration to approximately US$167 million. The acquisition adds immediate gold equivalent ounces from San Gabriel and supports OR Royalties' growth outlook of 120,000 to 135,000 GEOs by 2030. OR Royalties was also granted a right of first offer on a Gold Fields royalty over the Suhanko PGM project in Finland. The transaction closed in the second quarter of 2026.