Welcome to our dedicated page for Orogen Royalties news (Ticker: OGNRF), a resource for investors and traders seeking the latest updates and insights on Orogen Royalties stock.
Orogen Royalties Inc. (OGNRF) delivers strategic updates through its focused royalty creation model in North America's mining sector. This page aggregates official announcements and analysis-worthy developments for investors tracking precious metals royalties.
Access timely updates on royalty acquisitions, partner-operated mine performance, and exploration initiatives. Key coverage includes the Ermitaño mine's production metrics, Silicon project advancements, and new prospect generation efforts across western North America.
All content undergoes strict editorial review to ensure compliance with financial disclosure standards. Bookmark this page for consolidated access to OGNRF's material developments, including NSR royalty updates and strategic partnership announcements with major mining operators.
Triple Flag Precious Metals (TSX/NYSE: TFPM) has announced a definitive agreement to acquire Orogen Royalties in a transaction valued at approximately C$421 million (C$2.00 per share). The deal structure includes C$171.5M in cash, C$171.5M in Triple Flag shares, and shares in a new company (Orogen Spinco) valued at C$78M.
The key asset being acquired is a 1.0% NSR royalty on the Expanded Silicon gold project in Nevada, operated by AngloGold Ashanti. The project represents North America's largest new gold discovery, with current resources including 12.1M ounces at Merlin and 4.2M ounces at Silicon.
Orogen shareholders will receive either C$1.63 in cash or 0.05355 Triple Flag shares per Orogen share, plus 0.25 shares in Orogen Spinco. The deal represents a 38% premium based on closing prices as of April 17, 2025. Triple Flag will separately invest C$10M in Orogen Spinco for an 11% stake.
Orogen Royalties (OGNRF) announced significant updates to its Ermitaño gold mine royalty in Sonora, Mexico. The highlight is an initial Inferred resource for the Navidad vein system, containing 5.9 million ounces of silver and 249,000 ounces of gold at grades of 81 g/t and 3.42 g/t respectively.
The company holds a 2% NSR royalty on the 167 square-kilometre Ermitaño concession. The Navidad resource represents only a portion of the newly delineated vein system, with 55,000 metres of drilling planned in 2025 to explore further potential. The Measured and Indicated resource decreased due to mineral depletion, while the Inferred resource saw a 260% year-on-year increase in contained gold.
Several areas remain open for exploration, including the Luna vein to the east and the Navidad and Winter veins in multiple directions.
Orogen Royalties (OGNRF) reported record financial results for 2024, with total revenue reaching $9.9 million, up 22% from 2023. Key highlights include:
- Ermitaño royalty revenue increased 34% to $7.9 million
- Pre-tax net income grew 126% to $4.3 million
- After-tax net income decreased 13% to $2.6 million
- Total cash generated was $7.9 million, with $3.0 million from operations
- Working capital of $26.9 million with no debt
Q4-2024 showed strong performance with total revenue of $4.3 million, up 79% year-over-year. For 2025, the company expects Ermitaño mine royalty revenues between $5.7-6.4 million based on projected production of 71,000-79,000 gold ounces and 1.6-1.8 million silver ounces. The Silicon project reported an updated Inferred Resource of 12.1 million gold ounces at the Merlin deposit, representing a 34% increase.
Orogen Royalties has announced a significant update to their Expanded Silicon project in Nevada, where project owner AngloGold Ashanti reported an updated Inferred Resource of 12.1 million ounces gold at the Merlin deposit. This represents a 34% increase in gold resources, with the deposit now containing 355 million tonnes grading 1.06 g/t gold.
The new Merlin resource shows a 25% increase in tonnes and a 7% increase in gold grade from the February 2024 announcement. This is separate from the 4.22 million ounce gold resource at the Silicon deposit, giving Orogen exposure to approximately 16.31 million ounces of gold through their 1% net smelter return royalty.
Key developments include completion of 132 kilometres of drilling within the Merlin area in 2024, with exploration drilling east of Merlin encountering potential fault offset extension. The pit design has increased 70% in size to 6.3 square kilometres. AngloGold plans to continue drilling into 2025 to support resource upgrades, with a pre-feasibility study expected in H2-2025.
Orogen Royalties announced a significant update to their Expanded Silicon project in Nevada, where project owner AngloGold Ashanti reported an updated Inferred Resource of 12.1 million ounces gold at the Merlin deposit. This represents a 34% increase in gold ounces and a 7% increase in gold grade from February 2024.
The Merlin deposit now shows a pit-constrained inferred resource of 355 million tonnes grading 1.06 g/t gold. This resource is separate from the 4.22 million ounce gold resource at the Silicon deposit. Orogen holds a 1% net smelter return royalty on the Expanded Silicon project, giving exposure to approximately 16.31 million ounces of gold.
AngloGold completed approximately 132 kilometres of drilling within the Merlin area in 2024, with exploration drilling east of Merlin encountering potential fault offset extension. A pre-feasibility study is expected in H2-2025.
Orogen Royalties announces significant expansion of the Navidad gold-silver target at Ermitaño Mine in Sonora, Mexico, where it holds a 2% NSR royalty. Recent drilling by First Majestic Silver has revealed extensive mineralization at the Navidad and Winter veins, located 100 metres southwest and 350 metres below the Ermitaño Mine complex.
Key drilling results include intercepts of up to 13.06 g/t gold and 205 g/t silver over 3.24 metres. The mineralization extends over 1,000 metres along strike and 300 metres down dip. Metallurgical testing shows gold and silver recoveries exceeding 90% and 85% respectively. First Majestic plans to complete an initial inferred mineral resource estimate for Navidad in late March 2025, with five drill rigs currently active at the site.
Orogen Royalties (TSXV:OGN, OTCQX:OGNRF) has announced its annual equity compensation grants, including 324,000 Restricted Share Units (RSUs), 62,000 Deferred Share Units (DSUs), and 977,000 incentive Stock Options to directors, officers, employees, and consultants.
The RSUs will fully vest after two years, while DSUs will vest 50% each on the third and fourth anniversaries, settling upon service termination. Stock Options have a five-year term with a $1.51 exercise price, vesting over three years with 25% immediate vesting and subsequent 25% portions on the first, second, and third anniversaries.
The company's portfolio includes a 2% NSR royalty on the Ermitaño mine in Mexico and a 1% NSR royalty on the Expanded Silicon project in Nevada.
Orogen Royalties (TSXV:OGN, OTCQX:OGNRF) has signed a purchase and sale agreement with K2 Gold for the Si2 gold project in Nevada. Under the agreement, K2 will acquire 100% interest in Si2 for C$250,000 in cash or common shares, while Orogen retains a 2% NSR royalty.
This agreement replaces a previous option agreement from January 2022, under which K2 made US$200,000 in cash payments and invested over C$2.3 million in exploration. In 2023, K2 completed a four-hole 1,777-metre drill program, revealing broad zones of silicification with gold potential, including an intercept of 3.2 metres of 0.52 g/t gold.
The Si2 project, located 50 kilometres northwest of Tonopah, shares similarities with the multi-million ounce Expanded Silicon Project in the Beatty district, where Orogen holds a 1% NSR royalty.
Orogen Royalties (TSX.V:OGN)(OTCQX:OGNRF) has been selected as one of eight exploration companies to participate in BHP's 2025 Xplor program for generative exploration in western North America. The company will receive a US$500,000 non-dilutive grant along with in-kind services from BHP and industry experts.
The program, established in 2023, aims to accelerate exploration supporting the energy transition. Through this six-month initiative, Orogen will gain access to BHP's global expertise, networks, and partnerships, while BHP benefits from Orogen's experienced exploration team with a proven discovery track record in western North America.
Orogen's portfolio includes the Ermitaño gold and silver mine in Sonora, Mexico (2% NSR royalty) operated by First Majestic Silver Corp. and the Expanded Silicon gold project (1% NSR royalty) in Nevada, being developed by AngloGold Ashanti NA.
Orogen Royalties (TSXV:OGN)(OTCQX:OGNRF) has signed an agreement to sell its Celts gold project in Nevada to Eminent Gold. The deal includes a total payment of US$400,000 in cash and/or shares, plus a 3% NSR royalty, of which 1% can be purchased for US$1.5 million. Under a previous alliance agreement with Altius Minerals, the proceeds will be split evenly, with each party receiving US$200,000 and a 1.5% NSR royalty.
The 560-hectare Celts project, located 13km northeast of the Goldfield district, features an 800-meter diameter zone of advanced argillic alteration. The project shows geological similarities to the Silicon deposit, where Orogen holds a 1% NSR royalty. While there's no gold at surface in the steam cap, peripheral gold samples up to 33 grams per tonne have been found in quartz veins.
