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.
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.
Orogen Royalties reports Q3 2024 financial results with royalty revenue of $2,117,552, up 30% from 2023, driven by higher gold prices and improved silver recoveries. The company sold 614 gold equivalent ounces at an average price of US$2,474 per ounce. Despite strong revenue, the company recorded a net comprehensive loss of $359,544 due to a non-cash write-down of $689,763 and income tax expenses. The Ermitaño mine processed 259,919 tonnes with silver and gold recoveries of 67% and 94% respectively. The company maintains strong working capital of $23,472,759 with no long-term debt.
Orogen Royalties held its Annual General and Special Meeting on October 29, 2024, with shareholders approving all presented matters. The meeting saw participation through proxy voting of 67,895,414 shares, representing 33.67% of outstanding shares. Key approvals included director nominations with over 98% approval rates, appointment of auditor (99.98%), re-adoption of Omnibus Equity Incentive (99.77%), and re-confirmation of Shareholders Rights Plan (99.95%). The company holds royalties in the producing Ermitaño Mine in Mexico (2.0% NSR) and Silicon gold project in Nevada (1.0% NSR).
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.
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