Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Orogen Royalties ( (TSE:OGN) ) just unveiled an announcement.
Orogen Royalties Inc. has announced the expansion of the Navidad gold-silver target within the Ermitaño Mine concessions in Sonora, Mexico. Drilling conducted by First Majestic Silver Corp. has significantly expanded zones of mineralization, with promising drill results indicating high-grade gold and silver deposits. The Navidad and Winter veins show considerable mineralization, prompting plans for an initial inferred mineral resource estimate. This development enhances Orogen’s strategic positioning within the mining sector and could lead to easier access for future exploration and production, potentially benefiting stakeholders and the company’s financial flow from its NSR royalty.
More about Orogen Royalties
Orogen Royalties Inc. operates in the mining industry, focusing on royalty generation and acquisition. The company primarily deals with gold and silver, holding interests like the 2% net smelter return royalty in the Ermitaño Mine concessions in Sonora, Mexico, thus emphasizing its market focus on precious metals.
YTD Price Performance: 11.11%
Average Trading Volume: 142,213
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$300.5M
Learn more about OGN stock on TipRanks’ Stock Analysis page.
