OROGEN ROYALTIES INC - OGNRF STOCK NEWS

Orogen Royalties Inc. (TSXV:OGN)(OTCQX:OGNRF) reported profitable Q2-2024 results with record royalty revenue. Key highlights include:

- Net income before tax of $1,069,473, up 713% from 2023
- Royalty revenue of $1,908,741, up 62% from 2023
- 610 attributable gold equivalent ounces sold at average price of US$2,338 per ounce
- Cash flow from operating activities of $1,695,612 year-to-date
- Working capital increased to $22,996,411

The company's Ermitaño royalty continues to outperform, while the Expanded Silicon gold project advances under AngloGold Ashanti. Recent drill results at the Merlin deposit showed significant high-grade intercepts, including 144.5 metres grading 10.53 g/t gold.

Orogen Royalties Inc. (TSXV:OGN)(OTCQX:OGNRF) has announced a significant gold-silver discovery called the Navidad vein system on the Ermitaño Mine concessions in Sonora, Mexico. The discovery, made by mine operator First Majestic Silver Corp., is located 500 metres southwest and 750 metres below the producing Ermitaño Mine, within Orogen's 2% net smelter return royalty area of interest.

Highlight drill holes include intercepts grading up to 54.93 g/t gold and 399 g/t silver over 1.82 metres. The Navidad vein system shows an apparent strike continuity of 750 metres and dip continuity of 250 metres, with vein thickness ranging from 1.5 to 6.0 metres. The zone remains open in all directions, with four drill rigs currently assigned to exploration.

This discovery has strong implications for extending the life of the Ermitaño Mine and Orogen's royalty. The company's total area of interest in the region includes 167 square kilometres at Ermitaño and 223 square kilometres at Cumobabi.

Orogen Royalties Inc. (TSXV:OGN)(OTCQX:OGNRF) has provided an update on its partner-funded exploration stage projects and royalties. Key highlights include:

- Estimated 30,000 meters of drilling planned across seven programs in Nevada, British Columbia, Northwest Territories, and Western Kenya
- Several targeting and regional exploration programs for gold and copper projects in British Columbia and Nevada
- Eight active option agreements and a portfolio of projects available for option and sale

The update covers various projects including Spring Peak, MPD South, Ghost Ranch, Maggie Creek, HWY 37, Astro, Cuprite, Si2, and Rosterman. Orogen holds royalty interests or equity positions in these projects, which are being advanced by partners such as Headwater Gold, Kodiak Copper, Nevada Gold Mines, and others.

Orogen Royalties has acquired the TCS copper-zinc project, a volcanic-hosted-massive-sulphide (VHMS) target near Dease Lake, British Columbia. This undrilled project spans 1,850 hectares and features geological mapping, geochemical sampling, and geophysics, identifying three high-priority conductors indicative of significant mineralization. The acquisition entails a $25,000 cash payment and $125,000 in exploration expenditures, with future payments structured around further developments and potential sales. The TCS project is strategically located near infrastructure and recognized mining jurisdictions, offering substantial potential for high-grade copper, zinc, and gold extraction.

Orogen Royalties reported Q1-2024 results with a net income of $285,647, down 55% from Q1-2023 due to decreased revenue from prospect generation.

Royalty revenue increased by 13% to $1,478,699, while income from prospect generation dropped 53% to $437,319.

General and administrative expenses fell by 8% to $1,378,975, and cash flow from operations rose 72% to $422,924.

The company has working capital of $19,002,637 and no long-term debt.

Key assets include Ermitaño Mine and Expanded Silicon gold project, with the former contributing 508 gold equivalent ounces sold at an average price of US$2,070 per ounce.

Orogen Royalties Inc. provides an update on the Merlin gold deposit near Beatty, Nevada, USA. The project owner, AngloGold Ashanti NA, released a technical report highlighting inferred mineral resources of 9.05 million ounces of gold and 15.22 million ounces of silver. The mine life at Merlin is estimated to be 14 years, with significant potential for expansion. The production schedule anticipates over 750,000 ounces of contained gold per year, excluding the nearby Silicon deposit. Orogen holds a 1% NSR royalty in the Expanded Silicon project, which includes Merlin and Silicon deposits.

Altius Minerals increases its ownership stake in Orogen Royalties to 18.15% by exercising warrants, acquiring over 7 million common shares for $2.85 million. Altius now holds 36,430,561 common shares, representing 17.18% on a fully diluted basis.

Orogen Royalties Inc. announces record year-end financial performance for 2023, with a 155% increase in net income, $5.9 million in royalty revenue, and $1.9 million from prospect generation activities. The company achieved a 262% increase in net comprehensive income, with strong cash flow and working capital. Key assets include the Ermitaño Royalty in Mexico and the Expanded Silicon Royalty in the USA. The company's CEO highlights the commitment to early-stage exploration and organic royalty creation.

Orogen Royalties announces partner-funded drilling programs in Nevada, USA, with various exploration activities and alliances. The company has a broad portfolio in Nevada, including royalties, option agreements, and generative alliances. Exploration partners plan to advance projects in Nevada, potentially creating significant value for the company. Notable updates include Headwater Gold Inc.'s exploration plans with Newmont , Strikepoint Gold Inc.'s drill program on the Cuprite Gold project, and Ivy Minerals Inc.'s upcoming drill program on the Ghost Ranch gold project. The Alliance between Altius and Orogen continues to focus on generating gold and silver targets in Nevada. Barrick Gold of North America has relinquished their option on the Pearl String project.