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 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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