Agnico Eagle's mine suspension in Quebec will likely affect OR Royalties, since it owns a royalty position on the operations. OR owns a 5% net-smelter royalty on the Malartic mine where a wall movement forced the company to temporarily pause operations. "Based on AEM's updated guidance, we expect OR's 2026 GEOs will be reduced by 3.5-4.5% (or 3-4koz gold-equivalent ounces)," says TD Cowen's Derick Ma in a report. To make matters worse, the analyst says 2027 and 2028 production could also be negatively impact by about 8%, or 7,500 ounces, but Ma notes, "AEM is evaluating mitigating options." OR shares are down 2.9% at C$43.59. (adriano.marchese@wsj.com)
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Agnico Eagle Mine Halt Puts Pressure on OR Royalties — Market Talk
Agnico Eagle's mine suspension in Quebec will likely affect OR Royalties, since it owns a royalty position on the operations. OR owns a 5% net-smelter royalty on the Malartic mine where a wall movement forced the company to temporarily pause operations. "Based on AEM's updated guidance, we expect O…