The company said the acquisition supports its growth outlook, with forecast gold-equivalent ounce (GEO) deliveries of 80,000 to 90,000 GEOs in 2026, rising to an expected 120,000 to 135,000 GEOs in 2030, representing around 50% growth over the period with no contingent capital required.

The acquisition adds development and exploration assets in Tier-1 mining jurisdictions, including a 2.0% net smelter return royalty on Torque Metals Paris development project in Western Australia, as well as a 2.5% net profits interest royalty on Freeport McMoRan's and Amarc Resources' JOY district exploration project in British Columbia, which includes the recent AuRORA gold discovery, among other assets.

The portfolio maintains OR Royalties' focus on precious metals, consisting predominantly of gold and silver assets that provide the company with additional exposure to the sector.

"This acquisition is a strategic win for OR Royalties, anchored by immediate GEOs and cash flows from the San Gabriel mine. We are proud to partner with Buenaventura as San Gabriel ramps up in 2026, delivering both near-term revenue and long-term expansion potential," chief executive Jason Attew said.

The company also reported fourth-quarter results Wednesday. Its adjusted profit, excluding most one-time item, rose to US$59.6 million, or US$0.32 per share, up from US$29.85 million, or US$0.16, in the year-prior quarter.

Revenue rose 57% to US$55.56 million from US$35.35 million.

OR's board declared a first-quarter dividend of US$0.055 per share, paid April 15 to shareholders of record on March 31.

OR Royalties dropped $0.04 to $43.49 at last look in after-hours trading on the Nasdaq Exchange after closing up C$1.96 to to C$59.64 in Toronto on Wednesday.

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