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Orogen Royalties Inc - OGNRF STOCK NEWS

Welcome to our dedicated news page for Orogen Royalties (Ticker: OGNRF), a resource for investors and traders seeking the latest updates and insights on Orogen Royalties.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Orogen Royalties's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Orogen Royalties's position in the market.

News
Altius Minerals Increases Ownership of Orogen Royalties to 18.15% Through Exercise of Warrants
Rhea-AI Summary
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.
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Orogen Royalties Announces Record Year End Financial Performance
Rhea-AI Summary
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.
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Orogen Royalties Announces Nevada Exploration Programs and Alliances
Rhea-AI Summary
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.
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-1.04%
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Orogen Royalties Announces Preliminary 2023 Year End Financial Results
Rhea-AI Summary
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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0.35%
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Orogen Royalties Announces Expanded Silicon Project Royalty Resource Update and Webcast
Rhea-AI Summary
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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5.56%
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Orogen Royalties Provides Year-End Royalty Update and 2024 Forecast
Rhea-AI Summary
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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2%
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Orogen Royalties Announces Exploration and Project Generation Update and Forecast
Rhea-AI Summary
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 Announces Record Royalty Revenue and Profitable Quarter for Q3-2023
Rhea-AI Summary
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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6.38%
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Orogen Royalties Acquires the Hot Tip Gold Project in Nevada
Rhea-AI Summary
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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2.22%
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Orogen Royalties Creates a New Royalty on the Astro Gold Project
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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

OTC:OGNRF

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OGNRF Stock Data

122.93M
156.36M
18.01%
12.67%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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