Orion Resource Partners LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Orion Resource Partners LP reported 27 stock positions worth $275.2 million. Its top holding was Allied Gold (AAUC) at 35.6% of the portfolio, followed by Skeena Resources (SKE, 23.1%) and Solaris Resources (SLSR, 12.6%). Compared with Q2 2025, it opened 11 new positions, sold out of 8, added to 6 and reduced 9. The biggest buy was a new position in New Gold (NGD) and the biggest sale an exit from Sandstorm Gold (SAND).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0002032200
- Portfolio Value
- $275.2M (Q3 2025)
- SEC Filing
- 0000905148-25-004044 ↗ filed Nov 14, 2025
Holdings Value
Holdings 27 stocks · $275.2M
| AAUC Allied Gold Corp. | 35.63% | 5,612,312 | $98.1M | Reduce -27.3% |
| SKE Skeena Resources Ltd. | 23.07% | 3,447,840 | $63.5M | Reduce -33.0% |
| SLSR Solaris Resources Inc. | 12.64% | 5,454,201 | $34.8M | No change |
| DC Dakota Gold Corp. | 11.87% | 7,181,766 | $32.7M | Reduce -26.1% |
| IAUX I-80 Gold Corp. | 6.03% | 17,376,551 | $16.6M | Reduce -16.2% |
| NGD New Gold Inc. | 1.03% | 393,587 | $2.8M | New |
| HBM Hudbay Minerals Inc. | 0.92% | 167,225 | $2.5M | Add +125.9% |
| EGO Eldorado Gold Corp. | 0.91% | 87,038 | $2.5M | New |
| ERO Ero Copper Corp. | 0.90% | 121,883 | $2.5M | Add +177.7% |
| CCJ Cameco Corp. | 0.83% | 27,128 | $2.3M | New |
| CDE Coeur Mining Inc. | 0.75% | 110,536 | $2.1M | Add +14.3% |
| MEOH Methanex Corp. | 0.71% | 49,032 | $1.9M | Add +73.0% |
| B Barrick Mining Corp. | 0.60% | 50,092 | $1.6M | New |
| IAG Iamgold Corp. | 0.55% | 118,063 | $1.5M | New |
| NEM Newmont Corp. | 0.47% | 15,199 | $1.3M | New |
| UUUU Energy Fuels Inc. | 0.41% | 72,974 | $1.1M | Reduce -52.2% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.33% | 21,152 | $909K | New |
| VZLA Vizsla Silver Corp. | 0.26% | 165,673 | $715K | New |
| EQX Equinox Gold Corp. | 0.25% | 61,401 | $688K | Reduce -99.5% |
| URG Ur-Energy Inc. | 0.25% | 380,934 | $682K | New |
| PDS Precision Drilling Corp. | 0.24% | 11,808 | $665K | Reduce -13.1% |
| SSRM SSR Mining Inc. | 0.24% | 27,018 | $660K | New |
| LAR Lithium Argentina AG | 0.24% | 197,449 | $659K | Reduce -42.8% |
| SVM Silvercorp Metals Inc. | 0.24% | 104,337 | $658K | New |
| PPTA Perpetua Resources Corp. | 0.23% | 31,872 | $645K | Add +17.3% |
| UEC Uranium Energy Corp. | 0.23% | 47,684 | $636K | Reduce -73.7% |
| ASTL Algoma Steel Group Inc. | 0.18% | 139,406 | $495K | Add +162.1% |
Portfolio Sells Q2 2025 → Q3 2025
| SAND Sandstorm Gold Ltd. | Sold out | 0.00% | −36.37 |
| EQX Equinox Gold Corp. | Reduce -99.5% | 0.25% | −12.84 |
| AU Anglogold Ashanti PLC | Sold out | 0.00% | −0.25 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.23 |
| STLD Steel Dynamics Inc. | Sold out | 0.00% | −0.18 |
| FLR Fluor Corp. | Sold out | 0.00% | −0.16 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.13 |
| CENX Century Aluminum Company | Sold out | 0.00% | −0.11 |
| CNL Collective Mining Ltd. | Sold out | 0.00% | −0.05 |
| UEC Uranium Energy Corp. | Reduce -73.7% | 0.23% | +0.00 |
| LAR Lithium Argentina AG | Reduce -42.8% | 0.24% | +0.11 |
| PDS Precision Drilling Corp. | Reduce -13.1% | 0.24% | +0.12 |
| UUUU Energy Fuels Inc. | Reduce -52.2% | 0.41% | +0.24 |
| IAUX I-80 Gold Corp. | Reduce -16.2% | 6.03% | +3.66 |
| DC Dakota Gold Corp. | Reduce -26.1% | 11.87% | +5.23 |
| SKE Skeena Resources Ltd. | Reduce -33.0% | 23.07% | +7.88 |
| AAUC Allied Gold Corp. | Reduce -27.3% | 35.63% | +16.42 |
Portfolio Buys Q2 2025 → Q3 2025
| NGD New Gold Inc. | New | 1.03% | +1.03 |
| EGO Eldorado Gold Corp. | New | 0.91% | +0.91 |
| CCJ Cameco Corp. | New | 0.83% | +0.83 |
| HBM Hudbay Minerals Inc. | Add +125.9% | 0.92% | +0.77 |
| ERO Ero Copper Corp. | Add +177.7% | 0.90% | +0.76 |
| B Barrick Mining Corp. | New | 0.60% | +0.60 |
| CDE Coeur Mining Inc. | Add +14.3% | 0.75% | +0.59 |
| IAG Iamgold Corp. | New | 0.55% | +0.55 |
| MEOH Methanex Corp. | Add +73.0% | 0.71% | +0.53 |
| NEM Newmont Corp. | New | 0.47% | +0.47 |
| SQM Quimica Y Minera Chil-SP ADR | New | 0.33% | +0.33 |
| VZLA Vizsla Silver Corp. | New | 0.26% | +0.26 |
| URG Ur-Energy Inc. | New | 0.25% | +0.25 |
| SSRM SSR Mining Inc. | New | 0.24% | +0.24 |
| SVM Silvercorp Metals Inc. | New | 0.24% | +0.24 |
| PPTA Perpetua Resources Corp. | Add +17.3% | 0.23% | +0.17 |
| ASTL Algoma Steel Group Inc. | Add +162.1% | 0.18% | +0.11 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 24 | $219.4M | SKE, SLSR, DC, VMET, SQM |
| Q1 2026 | 20 | $218.9M | SKE, SLSR, DC, IAUX, SQM |
| Q4 2025 | 21 | $203.3M | SKE, SLSR, DC, IAUX, MEOH |
| Q3 2025 | 27 | $275.2M | AAUC, SKE, SLSR, DC, IAUX |
| Q2 2025 | 24 | $539.7M | SAND, AAUC, SKE, EQX, DC |
| Q1 2025 | 18 | $525.6M | EQX, SAND, SKE, DC, SLSR |
| Q4 2024Amended | 19 | $507.0M | EQX, SAND, SKE, DC, SLSR |
| Q3 2024Amended | 18 | $751.9M | SAND, EQX, SKE, IAUX, DC |
| Q2 2024 | 18 | $661.7M | SAND, EQX, SKE, IAUX, IE |
| Q1 2024 | 3 | $405K | HBM, MAG, EAF |