Orogen Royalties Inc Stock Price, News & Analysis

Orogen Royalties announces significant expansion of the Navidad gold-silver target at Ermitaño Mine in Sonora, Mexico, where it holds a 2% NSR royalty. Recent drilling by First Majestic Silver has revealed extensive mineralization at the Navidad and Winter veins, located 100 metres southwest and 350 metres below the Ermitaño Mine complex.

Key drilling results include intercepts of up to 13.06 g/t gold and 205 g/t silver over 3.24 metres. The mineralization extends over 1,000 metres along strike and 300 metres down dip. Metallurgical testing shows gold and silver recoveries exceeding 90% and 85% respectively. First Majestic plans to complete an initial inferred mineral resource estimate for Navidad in late March 2025, with five drill rigs currently active at the site.

Orogen Royalties (TSXV:OGN, OTCQX:OGNRF) has announced its annual equity compensation grants, including 324,000 Restricted Share Units (RSUs), 62,000 Deferred Share Units (DSUs), and 977,000 incentive Stock Options to directors, officers, employees, and consultants.

The RSUs will fully vest after two years, while DSUs will vest 50% each on the third and fourth anniversaries, settling upon service termination. Stock Options have a five-year term with a $1.51 exercise price, vesting over three years with 25% immediate vesting and subsequent 25% portions on the first, second, and third anniversaries.

The company's portfolio includes a 2% NSR royalty on the Ermitaño mine in Mexico and a 1% NSR royalty on the Expanded Silicon project in Nevada.

Orogen Royalties (TSXV:OGN, OTCQX:OGNRF) has signed a purchase and sale agreement with K2 Gold for the Si2 gold project in Nevada. Under the agreement, K2 will acquire 100% interest in Si2 for C$250,000 in cash or common shares, while Orogen retains a 2% NSR royalty.

This agreement replaces a previous option agreement from January 2022, under which K2 made US$200,000 in cash payments and invested over C$2.3 million in exploration. In 2023, K2 completed a four-hole 1,777-metre drill program, revealing broad zones of silicification with gold potential, including an intercept of 3.2 metres of 0.52 g/t gold.

The Si2 project, located 50 kilometres northwest of Tonopah, shares similarities with the multi-million ounce Expanded Silicon Project in the Beatty district, where Orogen holds a 1% NSR royalty.

Orogen Royalties (TSX.V:OGN)(OTCQX:OGNRF) has been selected as one of eight exploration companies to participate in BHP's 2025 Xplor program for generative exploration in western North America. The company will receive a US$500,000 non-dilutive grant along with in-kind services from BHP and industry experts.

The program, established in 2023, aims to accelerate exploration supporting the energy transition. Through this six-month initiative, Orogen will gain access to BHP's global expertise, networks, and partnerships, while BHP benefits from Orogen's experienced exploration team with a proven discovery track record in western North America.

Orogen's 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, being developed by AngloGold Ashanti NA.

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.