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Orogen Royalties ( (TSE:OGN) ) has shared an announcement.
Orogen Royalties Inc. has completed a plan of arrangement with Triple Flag Precious Metals Corp., resulting in Triple Flag acquiring all outstanding common shares of Orogen for approximately $421 million. This transaction includes a mix of cash, Triple Flag shares, and shares of Orogen SpinCo, which will hold most of Orogen’s assets except for a key royalty on the Arthur Gold project. The new Orogen Royalties Inc. will continue its royalty business with a focus on gold and copper assets and will benefit from a strategic investment by Triple Flag. The company anticipates significant partner-funded exploration work in 2025 and has entered a generative exploration alliance with Triple Flag in the western United States.
Spark’s Take on TSE:OGN Stock
According to Spark, TipRanks’ AI Analyst, TSE:OGN is a Outperform.
Orogen Royalties’ strong financial performance and positive corporate events drive a favorable outlook. However, high valuation metrics and neutral technical indicators temper the overall score. The strategic arrangement with Triple Flag adds significant potential for future growth and market positioning.
To see Spark’s full report on TSE:OGN stock, click here.
More about Orogen Royalties
Orogen Royalties Inc. is focused on organic royalty creation and acquisitions on precious and base metal discoveries in western North America. The company’s portfolio includes the Ermitaño gold and silver mine in Sonora, Mexico, and it is actively developing several projects through joint ventures.
Average Trading Volume: 296,078
Technical Sentiment Signal: Buy
Current Market Cap: C$405.9M
See more insights into OGN stock on TipRanks’ Stock Analysis page.