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Orogen Royalties Inc. is a company focused on organic royalty creation and 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 (2% NSR royalty) operated by First Majestic Silver Corp. and the Expanded Silicon gold project (1% NSR royalty) in Nevada, USA, advanced by AngloGold Ashanti NA. Orogen has a strong financial performance with record revenue and after-tax profit, driven by key assets like the Ermitaño Royalty and the Expanded Silicon Royalty. The company also engages in prospect generation, adding six new royalties to its portfolio in 2023.
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Orogen Royalties Inc. reports record revenue and profits for 2023, with total revenue of $8 million, a 70% increase from 2022. The after-tax net income also rose by 114% to $1.8 million. The company has a strong financial position with $18.5 million in working capital and no debt. Key assets like the Ermitaño Mine and Expanded Silicon Project are expected to generate significant royalty revenues in 2024. Orogen has various projects under option agreements and anticipates active exploration programs in 2024.
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Orogen Royalties Inc. announces an update on the Expanded Silicon project in Nevada, USA, with an initial Inferred Resource of 9.05 million ounces gold at the Merlin deposit. The project includes the Silicon deposit, totaling exposure to approximately 13.27 million ounces gold. The Prefeasibility Study is ongoing, expecting completion in 18 to 24 months. AngloGold invested over US$73.9 million in 2023, leading to one of the largest gold discoveries in North America in the past decade.
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Orogen Royalties Inc. provides a 2023 year-end update on its royalty portfolio, highlighting strong operating performance at the Ermitaño mine and significant advancements at the Expanded Silicon project. The company saw solid production and record metal recoveries at the Ermitaño mine, with robust production guidance for 2024. The Expanded Silicon project ended the year with a 4.22 million ounce gold resource and a 6-8 million ounce gold Exploration Target A. Other royalty assets also saw advancement with drilling, exploration, and permitting on various projects. The press release also includes updates on the royalty portfolio, equity-based compensation grants, and a qualified person statement.
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Orogen Royalties Inc. (TSXV:OGN)(OTCQX:OGNRF) provided an update on its partner-funded exploration for 2024, highlighting C$20.2 million in expenditures, five NSR royalties, C$3.5 million in proceeds, and nine projects under option. The company also detailed the progress of various partner-funded drilling programs and exploration activities at multiple properties in Nevada, USA, and British Columbia, Canada.
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Orogen Royalties Inc. (OGNRF) reports profitable financial results for Q3 2023, with net income of $675,989, royalty revenue of $1,628,409, and working capital of $17,473,228. The Ermitaño Mine saw record production, with 614 GEOs sold at an average price of US$1,928 per ounce, up 29% from 2022. G&A expenses were $858,323, up 7% from 2022, and cash flow generated from operating activities was $993,571, up 565% from 2022. Orogen holds a 2.0% NSR royalty on the Ermitaño Mine and a 1% NSR royalty on AngloGold's Expanded Silicon Project.
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Orogen Royalties Inc. (OGN) has acquired the Hot Tip Gold Project in central Nevada, USA. The project boasts a low-sulphidation epithermal gold target with a large alteration cell, widespread pathfinder anomalism, and historical drilling showing promising results. The acquisition was made through the Orogen-Altius Minerals exploration alliance, offering a district scale target with similarities to AngloGold Ashanti's Motherlode deposit.
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Orogen Royalties Inc. announces Rackla Metals Inc.'s exercise of option on Astro gold project
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Orogen Royalties Inc. reports profitable Q2 results with a 178% increase in cashflow from operations. First Majestic forecasts a 27% increase in production at Ermitaño. G&A expenses increased by 9% compared to last year but decreased by 36% from the previous quarter. The company has working capital of $16,796,224. The Company acquired a 1.0% NSR royalty on the La Rica project in Colombia.
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Orogen Royalties Inc. (TSXV:OGN)(OTCQX:OGNRF) provides update on royalty portfolio and forecast for H2 2023, including a 27% increase in production at Ermitaño mine and a potential 6 to 8 million ounce gold Exploration Target at Silicon-Merlin project.
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FAQ
What is the current stock price of OROGEN ROYALTIES (OGNRF)?
The current stock price of OROGEN ROYALTIES (OGNRF) is $1.0075 as of November 22, 2024.
What is the market cap of OROGEN ROYALTIES (OGNRF)?
The market cap of OROGEN ROYALTIES (OGNRF) is approximately 195.5M.
What is Orogen Royalties Inc. focused on?
Orogen Royalties Inc. is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America.
What are the key assets of Orogen Royalties Inc.?
The key assets of Orogen Royalties Inc. include the Ermitaño gold and silver mine in Sonora, Mexico (2% NSR royalty) and the Expanded Silicon gold project in Nevada, USA (1% NSR royalty).
How did Orogen Royalties Inc. perform financially in 2023?
Orogen Royalties Inc. reported record revenue and after-tax profit for the year ended December 31, 2023, driven by strong performance in key assets like the Ermitaño Royalty and the Expanded Silicon Royalty.
What is prospect generation?
Prospect generation refers to the creation of new royalties through acquisitions, project sales, and option agreements. Orogen Royalties Inc. engages in prospect generation activities to expand its royalty portfolio.
Who are the key partners of Orogen Royalties Inc.?
Altius Minerals Corporation is a key partner of Orogen Royalties Inc., holding a significant ownership stake in the company.
Where can I find more information about Orogen Royalties Inc.?
For more information about Orogen Royalties Inc., you can visit their website at www.orogenroyalties.com or contact Paddy Nicol, President & CEO, and Marco LoCascio, Vice President of Corporate Development.
What is the focus of Orogen's prospect generation activities?
Orogen's prospect generation activities focus on creating new royalties at minimal cost to the company through organic means, such as project sales, acquisitions, and option agreements.
What percentage of the issued and outstanding common shares does Altius hold in Orogen?
Altius holds 18.15% of the issued and outstanding common shares of Orogen, and 17.18% on a fully diluted basis.
How can I access Altius Resource Inc.'s early warning report about the ownership in Orogen?
Altius Resource Inc.'s early warning report can be found on Orogen's profile on SEDAR or obtained directly from Altius' office.
What are the key regions of operation for Orogen Royalties Inc.?
Orogen Royalties Inc. operates in western North America, with key assets in Sonora, Mexico, and Nevada, USA.
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