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. (OTCQX: OGNRF; TSXV: OGN) features frequent news related to its portfolio of precious and base metal royalties and its prospect generation activities in western North America. Company releases focus on developments at key royalty assets, corporate transactions, and exploration progress on projects advanced by partners.
Recent news highlights include updates on the 2.0% net smelter return royalty on the Ermitaño gold and silver mine in Sonora, Mexico, operated by First Majestic Silver Corp., including mineral reserve and resource updates and the initial inferred resource for the Navidad vein system on Orogen’s royalty ground. Orogen also reports on progress at the Expanded Silicon (Silicon-Merlin) gold project in Nevada, USA, where it holds a 1.0% NSR royalty and summarizes resource growth reported by project owner AngloGold Ashanti.
Investors following OGNRF news will also see coverage of corporate events such as the definitive arrangement agreement under which Triple Flag Precious Metals agreed to acquire all issued and outstanding Orogen shares, the creation of Orogen SpinCo, and the subsequent re‑listing of Orogen Royalties on the TSX Venture Exchange under the symbol OGN. Additional releases discuss record financial performance, royalty revenue from producing assets, and partner-funded drilling and exploration programs across Orogen’s broader royalty and project portfolio.
This news feed aggregates company-issued updates on royalty income, resource and reserve changes, exploration drilling, alliance agreements with groups such as Altius Minerals, BHP Xplor and Triple Flag, and shareholder approvals related to major transactions. Readers can use the OGNRF news page to track how operator activity and corporate arrangements affect Orogen’s royalty interests over time.
Orogen Royalties (TSXV: OGN, OTCQX: OGNRF) announced its Q3 2022 results, highlighting a net gain of $123,461 or $0.001 per share, a significant improvement from a net loss of $972,294 in 2021. The company's revenue from royalties, primarily from the Ermitaño mine, surged by 39%, with sales of 478 gold equivalent ounces at an average price of US$1,728 per ounce. Despite general and administrative expenses rising to $802,149, Orogen maintains a strong working capital position of $10,743,487, reflecting its ongoing financial stability.
Orogen Royalties Inc. signed an option agreement with Nevada Gold Mines LLC to allow NGM to earn a 100% interest in the Maggie Creek gold project in Nevada by making cash payments of US$5 million and incurring US$6 million in exploration expenses over five years. Orogen retains a 2% net smelter return (NSR) royalty. Additionally, Orogen acquired a 3% NSR on the Hank copper-gold project in British Columbia, which includes a potential US$2.5 million milestone payment. The strategic acquisitions are expected to enhance Orogen's royalty portfolio.
Orogen Royalties Inc. has announced the successful voting results of its Annual General and Special Meeting held on October 27, 2022. A total of 56,588,746 shares were voted, equating to 31.66% of total shares. Key resolutions included the appointment of new directors, with votes for each exceeding 99%. Additionally, Samantha Shorter has joined the Board, bringing over 15 years of experience in mineral exploration. Orogen continues to focus on royalty creation and acquisitions in Western North America.
Orogen Royalties has entered an option agreement with Barrick Gold for the Pearl String gold project in Nevada. Barrick can earn a 100% interest by paying US$1.5 million and incurring US$4 million in exploration expenses over five years. A minimum of US$800,000 must be spent by the second anniversary. Upon exercising the option, Orogen retains a 2% net smelter return royalty. The Pearl String project spans 16.6 square kilometers and is designed for high-sulfidation epithermal gold deposits.
Orogen Royalties Inc. has closed a deal with Green Light Metals Inc. to sell the Kalium Canyon Gold Project for $30,000 cash and 1,000,000 shares valued at $400,000. Orogen retains a 3% net smelter return (NSR) royalty and a potential $5 million payment upon commercial production. The project includes significant mineralized structures with historic drilling results showcasing promising gold grades. The acquisition strengthens Orogen's royalty portfolio and maintains potential upside through future mineral production.
Orogen Royalties Inc. has signed an option agreement with Rackla Metals Inc. for the Astro gold project in Northwest Territories, Canada. The agreement allows Rackla to earn a 100% interest by issuing 120,000 shares, spending $250,000 on exploration, and making cash or share payments totaling $382,000 within 12 months. After acquisition, Orogen will maintain a 2.5% net smelter return royalty. The Astro project spans 288 square kilometers and shows promising gold mineralization, with surface sampling returning results up to 17.7 grams per tonne gold. This partnership aims to advance exploration efforts on the project.
Orogen Royalties Inc. has announced a new generative exploration alliance with Altius Minerals Corporation, aiming to identify gold and silver targets similar to the recently discovered Silicon deposit in Nevada. The alliance boasts a budget of US$300,000 for field evaluation and project acquisition, funded by Altius. The first disclosed project is the Cuprite epithermal gold project, located 80 kilometers from Silicon, covering a 2,170-hectare area. The two companies will share costs and proceeds evenly from designated projects, focusing on leveraging combined expertise to enhance exploration efforts.
Orogen Royalties Inc. (OGNRF) reported its Q2-2022 financial results, highlighting revenue of $959,825, primarily from the Ermitaño mine royalty. The company achieved 373 attributable gold equivalent ounces sold at an average price of US$1,871 per ounce. Notably, Orogen experienced a net loss of $648,635, contrasting with a net income of $934,809 in the previous year. General and administrative expenses rose to $875,220, attributed to increased share-based compensation. The company holds strong financials with zero debt and $10.55 million in working capital.
Orogen Royalties Inc. (OGNRF) announced the acquisition of the La Verdad epithermal gold-silver project in Durango, Mexico, emphasizing its rich geological potential. The project covers 264 hectares and features gold and silver-rich veins spanning over 2.5 kilometers. Recent trench results showed promising grades, including 3.1 g/t gold and 190 g/t silver. Notably, La Verdad shares geological traits with the Ermitaño project, which contributes cash flow through a royalty. This acquisition aligns with Orogen's strategy for organic royalty generation and growth.
Orogen Royalties Inc. has successfully closed a transaction to acquire 3% net smelter royalties on three mineral licenses in the Lake Victoria Gold Fields, Kenya for US$120,000. In exchange, Orogen transferred its interest in the Sarape Gold project to Advance Lithium Corp. and will retain a 1.5% royalty on Sarape. The acquired royalties cover 19.75 square kilometers near significant gold resources, with potential for future drilling targets. Orogen remains well-financed and focused on royalty creations in North America.