Orogen Royalties Announces Preliminary 2024 Year End Financial Results
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 (OGNRF) ha riportato risultati finanziari record per il 2024, con un fatturato totale che ha raggiunto 9,9 milioni di dollari, in aumento del 22% rispetto al 2023. I punti salienti includono:
- I ricavi da royalty di Ermitaño sono aumentati del 34% a 7,9 milioni di dollari
- Il reddito netto prima delle tasse è cresciuto del 126% a 4,3 milioni di dollari
- Il reddito netto dopo le tasse è diminuito del 13% a 2,6 milioni di dollari
- Il totale di liquidità generata è stato di 7,9 milioni di dollari, di cui 3,0 milioni da operazioni
- Capitale circolante di 26,9 milioni di dollari senza debiti
Il quarto trimestre del 2024 ha mostrato una forte performance con un fatturato totale di 4,3 milioni di dollari, in aumento del 79% rispetto all'anno precedente. Per il 2025, l'azienda prevede ricavi da royalty della miniera di Ermitaño tra 5,7 e 6,4 milioni di dollari, basati su una produzione prevista di 71.000-79.000 once d'oro e 1,6-1,8 milioni di once d'argento. Il progetto Silicon ha riportato una Risorsa Inferenziale aggiornata di 12,1 milioni di once d'oro nel deposito di Merlin, rappresentando un aumento del 34%.
Orogen Royalties (OGNRF) reportó resultados financieros récord para 2024, con ingresos totales alcanzando 9.9 millones de dólares, un aumento del 22% con respecto a 2023. Los puntos clave incluyen:
- Los ingresos por regalías de Ermitaño aumentaron un 34% a 7.9 millones de dólares
- El ingreso neto antes de impuestos creció un 126% a 4.3 millones de dólares
- El ingreso neto después de impuestos disminuyó un 13% a 2.6 millones de dólares
- El total de efectivo generado fue de 7.9 millones de dólares, con 3.0 millones provenientes de operaciones
- Capital de trabajo de 26.9 millones de dólares sin deudas
El cuarto trimestre de 2024 mostró un sólido desempeño con ingresos totales de 4.3 millones de dólares, un aumento del 79% interanual. Para 2025, la compañía espera ingresos por regalías de la mina Ermitaño entre 5.7 y 6.4 millones de dólares, basados en una producción proyectada de 71,000-79,000 onzas de oro y 1.6-1.8 millones de onzas de plata. El proyecto Silicon reportó un Recurso Inferido actualizado de 12.1 millones de onzas de oro en el depósito de Merlin, lo que representa un aumento del 34%.
Orogen Royalties (OGNRF)는 2024년 기록적인 재무 결과를 보고했으며, 총 수익은 990만 달러에 도달하여 2023년 대비 22% 증가했습니다. 주요 하이라이트는 다음과 같습니다:
- 에르미타뇨 로열티 수익이 34% 증가하여 790만 달러에 달했습니다
- 세전 순이익은 126% 증가하여 430만 달러에 달했습니다
- 세후 순이익은 13% 감소하여 260만 달러에 달했습니다
- 총 생성된 현금은 790만 달러였으며, 이 중 300만 달러는 운영에서 발생했습니다
- 부채가 없는 2,690만 달러의 운전 자본
2024년 4분기는 총 수익이 430만 달러로 전년 대비 79% 증가하며 강력한 실적을 보였습니다. 2025년에는 에르미타뇨 광산 로열티 수익이 570만에서 640만 달러 사이로 예상되며, 이는 71,000-79,000 온스의 금과 1.6-1.8 백만 온스의 은 생산을 기반으로 합니다. 실리콘 프로젝트는 머린 매장지에서 1,210만 온스의 금에 대한 업데이트된 추정 자원을 보고했으며, 이는 34% 증가한 수치입니다.
Orogen Royalties (OGNRF) a rapporté des résultats financiers record pour 2024, avec des revenus totaux atteignant 9,9 millions de dollars, en hausse de 22 % par rapport à 2023. Les points clés incluent :
- Les revenus de redevances d'Ermitaño ont augmenté de 34 % pour atteindre 7,9 millions de dollars
- Le revenu net avant impôts a crû de 126 % pour atteindre 4,3 millions de dollars
- Le revenu net après impôts a diminué de 13 % pour atteindre 2,6 millions de dollars
- Le total de liquidités générées était de 7,9 millions de dollars, dont 3,0 millions provenant des opérations
- Fonds de roulement de 26,9 millions de dollars sans dettes
Le quatrième trimestre de 2024 a montré une solide performance avec des revenus totaux de 4,3 millions de dollars, en hausse de 79 % d'une année sur l'autre. Pour 2025, la société s'attend à des revenus de redevances de la mine d'Ermitaño compris entre 5,7 et 6,4 millions de dollars, sur la base d'une production projetée de 71 000 à 79 000 onces d'or et de 1,6 à 1,8 million d'onces d'argent. Le projet Silicon a rapporté une ressource inférée mise à jour de 12,1 millions d'onces d'or dans le gisement de Merlin, représentant une augmentation de 34 %.
Orogen Royalties (OGNRF) berichtete über rekordverdächtige Finanzergebnisse für 2024, mit einem Gesamterlös von 9,9 Millionen Dollar, was einem Anstieg von 22% im Vergleich zu 2023 entspricht. Zu den wichtigsten Highlights gehören:
- Die RoyaltEaus Einnahmen von Ermitaño stiegen um 34% auf 7,9 Millionen Dollar
- Der Nettogewinn vor Steuern wuchs um 126% auf 4,3 Millionen Dollar
- Der Nettogewinn nach Steuern sank um 13% auf 2,6 Millionen Dollar
- Insgesamt generierte Liquidität betrug 7,9 Millionen Dollar, davon 3,0 Millionen aus dem operativen Geschäft
- Betriebskapital von 26,9 Millionen Dollar ohne Schulden
Im vierten Quartal 2024 zeigte sich eine starke Leistung mit einem Gesamterlös von 4,3 Millionen Dollar, was einem Anstieg von 79% im Jahresvergleich entspricht. Für 2025 erwartet das Unternehmen RoyaltEaus Einnahmen aus der Ermitaño-Mine zwischen 5,7 und 6,4 Millionen Dollar, basierend auf einer prognostizierten Produktion von 71.000-79.000 Unzen Gold und 1,6-1,8 Millionen Unzen Silber. Das Silicon-Projekt berichtete über eine aktualisierte abgeleitete Ressource von 12,1 Millionen Unzen Gold im Merlin-Vorkommen, was einem Anstieg von 34% entspricht.
- Record revenue of $9.9M in 2024, up 22% YoY
- 126% increase in pre-tax net income to $4.3M
- 34% increase in Ermitaño royalty revenue to $7.9M
- Strong working capital position of $26.9M with no debt
- 34% increase in Merlin deposit resource to 12.1M gold ounces
- Q4 revenue up 79% YoY to $4.3M
- 13% decrease in after-tax net income to $2.6M
- 26% reduction in Prospect Generation revenue to $1.4M
VANCOUVER, BC / ACCESS Newswire / March 19, 2025 / (TSXV:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") reports preliminary and unaudited financial results for its fourth quarter and year ended December 31, 2024.
All figures are stated in Canadian dollars unless otherwise noted.
2024 Year End Record Revenue
Orogen is pleased to report record total revenue of
34% increase in Ermitaño royalty revenue of$7.9 million (2023 -$5.9 million )
26% reduction in Prospect Generation revenue of$1.4 million (2023-$1.9 million )
100% increase in Interest revenue of$0.6 million (2023 -$0.3 million )
The Company is pleased to report a preliminary pre-tax net income of
As of December 31, 2024, the Company had working capital of
Q4-2024 Results
The Company earned
33% increase in Ermitaño royalty revenue of$2.4 million (2023 -$1.8 million )
220% increase in Prospect Generation revenue of$1.6 million (2023 -$0.5 million )
100% increase in Interest revenue of$0.2 million (2023 -$0.1 million )
The Company is pleased to report a preliminary after-tax net income of
Paddy Nicol, CEO of Orogen, commented: "We are pleased to deliver a record year in financial performance for 2024. Strong revenue was driven by consistent production at the Ermitaño mine supported by record gold prices that we expect to continue for 2025. Our royalty portfolio has grown through prospect generation profitably and four royalties were created this year. During the year, prospect generation has been primarily conducted through alliances that have allowed Orogen to generate new projects at lower cost and risk. We are excited to continue this model and grow our alliances in 2025."
2025 Guidance and Update on Key Assets
Ermitaño Mine
Orogen holds a
Expanded Silicon Project
Orogen holds a
Deposit | Category | Tonnes | Grade | Contained Gold (million ounces*) |
Silicon | Indicated | 121 | 0.87 | 3.40 |
Inferred | 36 | 0.70 | 0.81 | |
Total Silicon2 | 158 | 0.83 | 4.22 | |
Total Merlin2 | Inferred | 355 | 1.06 | 12.10 |
Total Expanded Silicon Project | 513 | 0.99 | 16.32 |
*Note: Some figures may be rounded. AngloGold reports content for gold to two decimal places.
Over 132 kilometres of drilling was completed in 2024 with a focus on the mineral resource definition at the Merlin deposit. For 2025, drilling is expected to continue with a focus on upgrading inferred resources to an indicated status, and engineering studies to support a pre-feasibility study in H2-2025.
Other Projects
Orogen has several projects that were sold or are under active option agreements in 2024 including the Celts project, sold to Eminent Gold, the Maggie Creek project, optioned to Nevada Gold Mines, the Spring Peak project, optioned to Headwater Gold, the MPD South project, sold to Kodiak Copper, the Si2 project, sold to K2 Gold, and the Ghost Ranch project, optioned to Ivy Minerals. Forecasted prospect generation revenue in 2025 from active option agreements is
Orogen also conducts generative exploration in western North America in partnership with Altius Minerals and BHP Xplor.
Qualified Person Statement
All new technical data, as disclosed in this press release, has been reviewed by Laurence Pryer, Ph.D., P.Geo., VP. Exploration for Orogen. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101.
Certain technical disclosure in this release is a summary of previously released information and the Company is relying on the interpretation provided by the relevant referenced partner. Additional information can be found on the links in the footnotes or on SEDAR (www.sedarplus.ca) or EDGAR (www.sec.gov).
About Orogen Royalties Inc.
Orogen Royalties is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America. The Company's royalty portfolio includes the Ermitaño gold and silver Mine in Sonora, Mexico (
On Behalf of the Board
OROGEN ROYALTIES INC.
Paddy Nicol
President & CEO
To find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio, Vice President of Corporate Development at 604-248-8648. Visit our website at www.orogenroyalties.com.
Orogen Royalties Inc.
1015 - 789 West Pender Street
Vancouver, BC
Canada V6C 1H2
info@orogenroyalties.com
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Orogen Royalties Inc. (the "Company") expect to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. The forward looking statements in this news release reflect the Company's current expectations and projections about its future results. These forward looking statements may include statements regarding the future price of gold and the estimation of mineral reserves and resources, realization of mineral reserve estimates, the timing and amount of estimated future production, the Company's growth strategy and expectations regarding the inclusion of revenue guidance or other statements that are not statements of fact.
Although the Company believe the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Except where otherwise stated, the disclosure in this news release relating to properties and operations in which Orogen holds a Royalty are based on information publicly disclosed by the owners or operators of these properties and information/data available in the public domain as at the date hereof, and none of this information has been independently verified by Orogen. Specifically, as a Royalty holder and prospect generator, the Company has limited, if any, access to properties on which it holds Royalty or other interests in its asset portfolio. The Company may from time to time receive operating information from the owners and operators of the mining properties, which it is not permitted to disclose to the public. Orogen is dependent on, (i) the operators of the mining properties and their qualified persons to provide information to Orogen, or (ii) on publicly available information to prepare disclosure pertaining to properties and operations on the properties on which the Company holds Royalty or other interests, and generally has limited or no ability to independently verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Some reported public information in respect of a mining property may relate to a larger property area than the area covered by Orogen's Royalty or other interest. Orogen's Royalty or other interests may cover less than
SOURCE: Orogen Royalties Inc
View the original press release on ACCESS Newswire
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