10 Best Gold Royalty and Small-Cap Gold Stocks to Buy

5. Osisko Gold Royalties Ltd (NYSE:OR)

Number of Hedge Fund Investors: 17

Market Capitalization as of December 23: $3.41 Billion

Osisko Gold Royalties Ltd (NYSE:OR) is a leading gold royalty and streaming company with a diversified portfolio of high-quality assets. The company’s portfolio includes a mix of producing and development-stage assets, primarily Canada, the United States, and Australia.

Osisko Gold Royalties Ltd (NYSE:OR) is actively pursuing strategic acquisitions to expand its portfolio and enhance its revenue streams. One notable recent acquisition is the 1.8% gross revenue royalty on Spartan Resources’ Dalgaranga Gold Project in Western Australia. This acquisition also aligns with the company’s aim to generate near-term cash flow.

The Dalgaranga Gold Project has a mineral resource estimate of 1.9 million ounces at 8.7 grams per tonne, with significant exploration potential. Osisko Gold Royalties Ltd (NYSE:OR) expects a maiden reserve estimate and project feasibility study, to be completed and released in Q2 2025, which will potentially lead to the start of mining and milling operations by late 2026. This acquisition is expected to contribute over 2,500 gold Equivalent Ounces (GEOs) annually over the life of the mine.

Furthermore, the East Gouldie deposit, where Osisko Gold Royalties Ltd (NYSE:OR) holds a 5% Net Smelter Return (NSR) royalty, highlighted the potential for additional mineral reserves and extended mine life. The company expects to benefit from its increased production in the coming years.